Story · Lee Jae-myung
South Korea's President Lee Jae Myung Slammed for Selling Home with Generous Mortgage
South Korean President Lee Jae Myung is facing criticism for selling his personal residence and providing the buyer with a generous mortgage, which opponents say undermines the spirit of his own housing policies. The transaction allowed the buyers to complete the sale while postponing payment of 60% of the purchase price. The controversy has sparked political backlash, with accusations that the president's actions contradict his administration's efforts to cool the housing market and promote affordability. The article, published by The Business Times Singapore on July 21, 2026, highlights the growing scrutiny over Lee's personal financial dealings and their potential impact on his political standing.
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