Who will win the 2026 Seoul mayoral election?
Short Answer
1. Executive Verdict
- 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. Market Behavior & Price Dynamics
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) [^] |
|---|---|
| Advanced Candidate Eliminated | Park Ju-min [^] |
| Included in Primary Rules | Public opinion polls [^] |
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%) [^] |
|---|---|
| Oh Se-hoon Support (Hypothetical Seoul Mayoral Race) | 33.6% vs Jung Won-oh's 44.9% [^] |
| Oh Se-hoon Support in Seongdong-gu | 30.9% vs Jung Won-oh's 49.5% [^] |
7. How Does Presidential Approval Impact Seoul Mayoral Elections?
| Incumbent Party Win Rate (Pres. Approval Below 40%) | 0% (1 clear instance of loss) [^] |
|---|---|
| 2021 Presidential Approval Rating (pre-election) | 32% (April 2, 2021) [^] |
| 2018 Presidential Approval Rating (pre-election) | High (incumbent won) [^] |
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 [^] |
|---|---|
| Democratic Party of Korea Organizational Unity | Strong organizational unity with a 'One Team' strategy [^] |
| 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 [^] |
9. What Is the Timeline for the 2026 Seoul Mayoral Race?
| PPP Incumbent Candidate Registration | March 17, 2026 [^] |
|---|---|
| DP Final Candidate Confirmation | April 6, 2026 [^] |
| 2026 Local Election Date | June 3, 2026 [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: June 03, 2027
- Closes: June 03, 2027
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
No historical resolution data available for this series.
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