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2026 Seoul Mayoral Election Winner

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Bulls Say, Bears Say

Bulls Say

Market prices Chong at 87%, backed by 84% implied probability on aggregators

Party alignment: South Korean local elections party winner market trades at 96% YES

Incumbent coalition momentum; no major challengers closing the gap

Bears Say

Price has slid 2¢ in the past week, suggesting gradual market softening

Oh Se-hoon holds 9.5% as a credible ex-mayor with strong name recognition

PPP leadership instability (Jang Dong-hyeok market) creates downside party risk