Who will win the 2026 Seoul mayoral election?
Short Answer
1. Market Behavior & Drivers
- Oh Se-hoon trails his main opponent in critical Han River Belt districts.
- Incumbent Oh Se-hoon also faces a "conservative rift" within his party.
- Jeong Won-o leads significantly in key swing districts and has party unity.
- Incumbent party candidates generally lose when presidential approval dips below 40%.
- Oh Se-hoon benefits from incumbent name recognition and administrative experience.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Chong Won-o | 89.0% | 71.1% | As the main opponent, Chong Won-o benefits from Oh Se-hoon trailing significantly in key swing districts. |
| Oh Se-hoon | 10.0% | 13.4% | Oh Se-hoon significantly trails his main opponent in critical swing districts and faces a "conservative rift." |
| Park Ju-min | 1.0% | 1.5% | Park Ju-min currently lacks significant support to challenge the leading candidates. |
| Seo Young-kyo | 6.0% | 8.4% | Seo Young-kyo currently lacks significant support to challenge the leading candidates. |
| Na Kyung-won | 1.0% | 1.5% | Na Kyung-won currently lacks significant support to challenge the leading candidates. |
2. Price Chart
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: Park Ju-min
📉 April 19, 2026: 9.0pp drop
Price decreased from 10.0% to 1.0%
Outcome: Oh Se-hoon
📈 April 15, 2026: 8.0pp spike
Price increased from 6.0% to 14.0%
4. Market Data
Contract Snapshot
This market resolves to "Yes" if Chong Won-o wins the 2026 Seoul mayoral election, based on the official certification from the National Election Commission, and "No" if he does not, as this is a mutually exclusive event. The winner is the candidate who prevails according to the electoral system and is inaugurated or takes office, with resolution based on the final certified outcome by the appropriate electoral authority. The market opened on December 16, 2025, and will close once the winner is officially declared or certified, or by June 3, 2027, at the latest; if results are annulled before the winner takes office, the market remains open until a re-run election or two years from the original election date.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Chong Won-o | $0.92 | $0.12 | 89% |
| Oh Se-hoon | $0.11 | $0.90 | 10% |
| Seo Young-kyo | $0.05 | $1.00 | 6% |
| Kim Min-seok | $0.04 | $1.00 | 3% |
| Na Kyung-won | $0.04 | $1.00 | 1% |
| Park Ju-min | $0.04 | $1.00 | 1% |
Market Discussion
Limited public discussion available for this market.
5. Who Won the Democratic Party's Seoul Mayoral Primary?
| Seoul Mayoral Nominee | Jeong Won-o (Chong Won-o) [1] |
|---|---|
| Advanced Candidate Eliminated | Park Ju-min [2] |
| Included in Primary Rules | Public opinion polls [3] |
Sources (4)
- 1Breaking: Chong Won-o Secures Democratic Party Nomination for Seoul Mayorchosun.com
- 2The Democratic Party of Korea announced on the 24th that preliminary candidates Park Joo-min, Jung W.. - MKmk.co.kr
- 3민주당 서울 경선 과열 조짐…정원오·박주민 ‘여론조사’ 공방hani.co.kr
- 4더불어민주당 서울시장 경선 5파전…이번 주 3인 압축 < 정치일반 < 정치 < 기사본문 - 월요신문wolyo.co.kr
6. How Do Oh Se-hoon's Policies Impact Han River Belt Voter Support?
| Top Voter Issue in Han River Belt | Real estate stabilization and urban redevelopment (38.2%) [1] |
|---|---|
| Oh Se-hoon Support (Hypothetical Seoul Mayoral Race) | 33.6% vs Jung Won-oh's 44.9% [1] |
| Oh Se-hoon Support in Seongdong-gu | 30.9% vs Jung Won-oh's 49.5% [1] |
Sources (5)
- 1Poll shows Chong Won-o lead over Oh Se-hoon in Seoul mayor race - CHOSUNBIZbiz.chosun.com
- 2[Battleground Preview] Seoul Han River Belt: Opposition Judgment vs. Real Estate Sentiment - The Asia Business Dailyasiae.co.kr
- 3Mayor Oh Se-hoon, who is seeking a fifth term as Seoul mayor for the first time in constitutional hi.. - MKmk.co.kr
- 4Five months before the June 3 local elections, Seoul Mayor Oh Se-hoon and Seongdong-gu Mayor Jung Wo.. - MKmk.co.kr
- 5Oh Sehoon: "Faster Reconstruction Projects" vs Jung Wonoh: "Expert Close Management" - The Asia Business Dailyasiae.co.kr
7. How Does Presidential Approval Impact Seoul Mayoral Elections?
| Incumbent Party Win Rate (Pres. Approval Below 40%) | 0% (1 clear instance of loss) [1] |
|---|---|
| 2021 Presidential Approval Rating (pre-election) | 32% (April 2, 2021) [2] |
| 2018 Presidential Approval Rating (pre-election) | High (incumbent won) [1] |
8. How Do PPP and DPK Compare in Seoul Mayoral Election Dynamics?
| People Power Party Internal Dynamics | Conservative rift with pro-Yoon backlash against leadership [1] |
|---|---|
| Democratic Party of Korea Organizational Unity | Strong organizational unity with a 'One Team' strategy [2] |
| Seoul Mayoral Candidates' Alignment | Oh Se-hoon (PPP) aligns with non-Yoon reformist wing; Jeong Won-oh (DPK) aligns with pro-Lee Jae-myung faction [3] |
Sources (7)
- 1People Power Party Leader Jang Faces Pro-Yoon Backlashchosun.com
- 2Democratic Party Metro Candidates Unite for 'One Team' Strategy - Seoul Economic Dailyen.sedaily.com
- 3Democratic Party of Korea Kicks Off Seoul Mayoral Race... Jung Won-oh, Known as the 'Mild Lee Jae Myung,' Says He Is 'Mentally Prepared' - First-Class Business Newspaper Financial Newsen.fnnews.com
- 4PPP's break with Yoon sparks conservative rift ahead of local elections - The Korea Timeskoreatimes.co.kr
- 5Seoul Mayor Oh Se-hoon Files for PPP Nomination, Demands Party Reform - Seoul Economic Dailyen.sedaily.com
- 6DPK's Chong Won-o, PPP's Oh Se-hoon to compete in Seoul mayoral race - The Korea Timeskoreatimes.co.kr
- 7Jeong Won-oh Wins Democratic Party Seoul Mayoral Nomination, Forms 'One Team' with Rivals - Seoul Economic Dailyen.sedaily.com
9. What Is the Timeline for the 2026 Seoul Mayoral Race?
| PPP Incumbent Candidate Registration | March 17, 2026 [1] |
|---|---|
| DP Final Candidate Confirmation | April 6, 2026 [2] |
| 2026 Local Election Date | June 3, 2026 [3] |
Sources (7)
- 1(2nd LD) Seoul mayor registers candidacy with PPP for local elections amid strife inside main opposition party | Yonhap News Agencyen.yna.co.kr
- 2[속보] 민주당, 서울시장 후보에 정원오 확정…본경선 과반 득표 - 매일경제mk.co.kr
- 32026 South Korean local electionsen.wikipedia.org
- 4PPP Narrows Seoul Mayoral Race to Three: Oh Sehoon, Park Sumin, Yoon Heesook - The Asia Business Dailyasiae.co.kr
- 5與, 서울시장 본경선 첫 토론회…부동산·교통 놓고 격돌 | 연합뉴스yna.co.kr
- 6Three Democratic Party Candidates Advance In Seoul Mayoral Race - Grand Pinnacle Tribuneevrimagaci.org
- 7여야 서울시장 후보 첫 TV토론…정원오·오세훈 '집중 견제'newstomato.com