President Lee: "Real Estate Unearned Income Is the Primary Culprit Hindering National Unity"

President Lee Jae-myung pointed out that "real estate unearned income, fueled by illegal and expedient means, has become the primary culprit in destroying fairness and common sense in our society and hindering national unity."

President Lee made these remarks this morning (the 21st) while presiding over the 31st Cabinet Meeting at the Blue House, stating, "Real estate stability is one of the most important prerequisites for alleviating polarization."

President Lee diagnosed that "our current real estate market is one of the major causes deepening asset inequality, household debt, and the suffering and alienation of young people."

He added, "As extreme speculative demand and anxiety become intertwined, a significant amount of social capital is tied up in unproductive real estate, which is hindering economic development."

President Lee promised, "Only by normalizing the real estate issue can we enable productive reinvestment of resources, restore social dynamism, and find a solution to the conflicts caused by polarization. To this end, the government will prepare comprehensive support measures for actual residents that align with reality, along with swift supply measures."

He further added, "We will also ensure that the tax system is refined in a fair and rational manner, based on the common sense and expectations of the public."

President Lee announced the 'National Public Debate on Real Estate' scheduled for the day after tomorrow (the 23rd), stating, "In order to move away from the ruinous 'real estate republic' and move toward national housing stability and productive economic development, we will humbly listen to the voices of our citizens and create feasible alternatives and countermeasures from them."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.