South Korea's Lee favours 4-year presidency

South Korean President Lee Jae Myung said he favoured ​changing the country's presidency to a four-year term system that would allow a president to serve more than one term, while transferring some presidential powers to parliament. Lee said that his position on constitutional reform remained unchanged ⁠from his 2022 presidential campaign, when he backed adjusting the balance ⁠of power between the president and parliament.