President Lee Jae Myung speaks at the Cabinet meeting held in Sejong on Tuesday. (Yonhap) Cheong Wa Dae said Friday that President Lee Jae Myung agrees in principle with a possible constitutional revision that would introduce a four-year, two-term presidency while strengthening the powers of the National Assembly.“We believe a four-year, two-term presidential system with enhanced powers for the National Assembly would have the broadest public acceptance,” a Cheong Wa Dae official told reporters.The official said Lee shares concerns about problems stemming from South Korea’s heavily centralized presidential system, which critics have often described as an “imperial presidency.”“The aim is to address the limitations of an overly powerful presidency through a two-term presidential system, so this is not a parliamentary system,” the official said. “Nor are we specifically referring to or advocating a particular model such as a power-sharing presidential system.”The presidential office also stressed that constitutional reform should be discussed and pursued through the National Assembly.“A constitutional amendment requires the approval of at least 200 lawmakers, so it is appropriate for the National Assembly to lead the discussion and process,” the official said, referring to the two-thirds majority required in the 300-member legislature.“The president’s principle is that constitutional revision should be pursued on the basis of consensus,” the official added.The clarification came after Rep. Kim Tae-ho of the conservative People Power Party said he had recently discussed the need for constitutional reform aimed at creating a more decentralized power structure during a golf meeting with Lee.According to Kim, Lee responded that constitutional reform should be pursued “even if it means shortening my term.”Cheong Wa Dae, however, said it could not confirm the president’s private schedule or the details of any private discussions.