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"부동산 정책 엉망·무능" 비판이 대통령 직접 반박 나섰다 / KNN

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News and Commentary

Lee Jae-myung on Real-Estate Policy

President Lee Jae-myung responded on X to a user who called his real-estate policy “a mess” and described him as incompetent. Lee urged critics to be patient and said his performance should ultimately be judged by its results.

On the 5th, Lee described the housing problem as a structural issue that had built up over decades and could not be solved overnight. He said, however, that curbing speculation and stabilizing prices were essential national goals—and achievable ones.

Lee said the government would accelerate housing supply, particularly in Seoul and the surrounding metropolitan area. He reported that housing permits were about 50% higher than during the same period last year. The prime minister was monitoring permit approvals and land supply daily, while Lee received weekly progress reports. Lee also said he had instructed LH to offer purchase commitments for rental housing at permitted projects where construction had not started because of concerns about unsold units.

Other measures Lee outlined included:

  • Prioritizing large-scale housing supply through the new land minister and LH.
  • Pursuing changes to lending and taxes.
  • Relocating government agencies, public enterprises, and companies to regional areas.

Acknowledging that results would take time to become visible, Lee reaffirmed his pledge to stabilize housing prices and move away from a “Republic of Real Estate Speculation.”

Presenters or contributors: None identified in the subtitles.

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