President Lee Jae-myung: “We Will Eradicate Real Estate Speculation and End the Myth of ‘Gangnam Invincibility’”
President Lee Jae-myung signaled changes in the real estate market on the 22nd, expressing a strong determination. President Lee emphasized that he would resolve the real estate issues currently facing our society and completely root out the culture of speculation.
President Lee stated, “The long-standing phrase ‘Gangnam invincibility’ and the stigma of being a republic of real estate speculation will now become stories of the past.” He made it clear that such changes must take place and that government-level efforts are necessary to achieve them.
These remarks demonstrate the government's policy direction to support housing stability for ordinary citizens who are struggling with rising real estate prices and speculation. In particular, it is interpreted as a commitment to prevent the phenomenon where housing prices rise only in specific areas and to create an environment where everyone can enjoy housing benefits fairly.
Public attention is focused on what specific real estate policies the government will introduce in the future. All eyes are on whether it will be possible to increase the transparency of the real estate market and ensure a housing supply centered on actual users.