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| ▲ President Lee Jae Myung speaks during a meeting with his senior secretaries at the presidential office Cheong Wa Dae in Seoul on Feb. 12, 2026. (Pool photo) (Yonhap) |
Lee-real estate
Lee criticizes politicians for encouraging real estate speculation
SEOUL, Feb. 18 (Yonhap) -- President Lee Jae Myung on Wednesday criticized politicians for encouraging people to purchase multiple homes for investment or even seeking profits themselves, calling them the "real ills" of society.
Lee made the remarks on social media platform X, sharing a news article of Rep. Jang Dong-hyeok, leader of the main opposition People Power Party, who accused Lee of labeling owners of multiple homes as "social ills."
"If we were to truly condemn the social ills, the blame should fall not on the owners of multiple homes who took advantage of the flawed system, but on the politicians who created and implemented such a system," Lee wrote.
"Politicians, who should have ensured that undesirable ownership of multiple homes becomes a burden rather than a benefit, not only failed to address unfair privileges but encouraged speculation and even engaged in conflicts of interest by seeking profits from owning multiple homes themselves," he added.
Lee's remarks came a day after Jang criticized a series of social media posts by Lee on the real estate market as "pathetic" and accused Lee of stigmatizing owners of multiple homes.
Lee has repeatedly urged owners of multiple homes to sell their properties ahead of the planned expiration of the heavy capital gains tax exemption in May.
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