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The other top candidate in opinion polls is Lee Hoi-chang, who heads the main opposition party.
FORBES: Would-be captain of Team Korea
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Not surprisingly, Lee Hoi Chang, the candidate for the ruling New Korea Party (NKP), has little good to say about the set-up.
CNN: Alliances and Defections
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Heading the ticket as presidential candidate is South Korea's "Mr. Clean, " the respected, incorruptible, maybe even a bit naive Lee Hoi Chang, a former judge.
CNN: Change at the Top
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But the president, limited to one term, probably has less to fear from his predecessor in the Blue House than does the leader of the opposition, Lee Hoi Chang.
CNN: THE RETURN OF THE THREE KIMS
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Five years later, Mr Roh surprised perhaps even himself in the race to be president by defeating the favoured establishment candidate, a former Supreme Court chief justice, Lee Hoi-chong.
ECONOMIST: South Korean politics
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Kim bowed to pressure - including a poll-boycott threat - from opposition leader Lee Hoi Chang to keep the single-member constituencies, even though that will help the opposition in Assembly elections next April.
CNN: Of 'Fur-gate' and Other Fights