"If You Don't Want to Sell, Keep It — I'll Make Sure It's a Loss": 5 Reasons President Lee Jae-myung's Multi-Home Sale Declaration Is Shaking Korea's Real Estate Market
President Lee Jae-myung declared, 'Whether buying or selling a home is an individual's freedom — but whether it results in profit or loss is for the government to decide,' signaling a sweeping shift in real estate policy targeting both multi-home owners and speculative single-home holders. By listing his own Bundang apartment, held for 29 years, at ₩2.9 billion, he sent a powerful warning signal to the market ahead of the May 9th expiration of the capital gains tax surcharge moratorium.