South Korea's President Lee Jae Myung Slammed for Selling Home and Giving Buyer Mortgage

South Korean President Lee Jae Myung is facing criticism for selling his personal residence and providing the buyer with a mortgage that allowed them to defer 60% of the purchase price. Critics accuse him of undermining the spirit of his own housing policies, which aim to curb speculative real estate practices and promote affordability. The transaction has sparked political backlash, with opponents arguing it contradicts the president's stated commitment to housing market reform. The article, published by The Business Times on July 21, 2026, highlights the controversy surrounding the deal and its potential impact on public trust in Lee's administration.

First published Aug 4, 02:53 PM UTCUpdated Jul 21, 07:14 AM UTC1 reports · 1 sources

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South Korea's President Lee Jae Myung Slammed for Selling Home and Giving Buyer Mortgage

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South Korea's President Lee Jae Myung Slammed for Selling Home and Giving Buyer MortgageThe Business TimesRegionalJul 21, 07:14 AM UTC

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Lee Jae-myung South Korea