Korean President Excludes Multi-Homeowners from Real Estate Policy Discussions
President Lee Jae Myung has directed his office and the Cabinet to exclude multiple homeowners and those with expensive, unoccupied properties from the formulation and approval of real estate policies. This measure is part of a broader effort to curb housing speculation and ensure fairness in the property market. Lee emphasized that escaping the “real estate republic” is a critical goal for national transformation, signaling a zero-tolerance approach to any flaws in housing policies. The administration is also reinstating heavy capital gains taxes in May to further discourage speculative investment.
John Q. Hosedrinker