Lee stresses role of financial measures in stabilizing housing market

▲ President Lee Jae Myung speaks during a Cabinet meeting at the government complex in the administrative city of Sejong on March 17, 2026. (Yonhap)

Lee-housing market

Lee stresses role of financial measures in stabilizing housing market

By Kim Eun-jung

SEOUL, March 17 (Yonhap) -- President Lee Jae Myung on Tuesday called on the government to carefully draw up effective financial measures to stabilize the overheated housing market.

Lee made the remarks during a Cabinet meeting as the government seeks to stabilize the housing market under a strong policy push by Lee, who has repeatedly warned against real estate speculation.

"The financial sector is extremely important in determining how we address the real estate issue," Lee said during the meeting held in the administrative city of Sejong.

Lee noted that excessive borrowing for real estate investment has made many people feel disadvantaged, urging financial authorities to review related measures and calling on the land ministry to prepare adequate housing supply plans.

He said taxation should remain the government's final real estate policy option while leaving open the possibility of using it if necessary.

"Tax measures are ultimately a last resort. In war terms, taxes are like a nuclear weapon, so they should not be used lightly," he said. "If circumstances require it, however, they must be used, and preparations should be in place."

Household loans have recorded a downward trend since December, as the government has maintained tighter loan and home purchase regulations since last year in response to surging housing prices in Seoul and parts of the greater metropolitan area.

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