Lee excludes officials with multiple homes from real estate policymaking

President Lee Jae Myung said Sunday he has instructed his office and the Cabinet to exclude owners of multiple homes from making real estate policies, as his administration cracks down on long-running housing speculation. Lee shared the instruction on his X account, saying he has called for the exclusion of multiple home owners, expensive home owners who do not live in them and owners of "excessive" properties from the discussion, formulation, reporting and approval of home and real estate policies. "Escaping the real estate republic is a central task for the grand transformation of the Republic of Korea," he wrote. "There cannot be even a 0.1 percent flaw or hole when it comes to real estate or home policies." Lee has made it a key goal of his administration to tackle speculative home ownership, stabilize the property market and increase public access to homes. In his post, he said there is no reason to criticize multiple home owners or expensive home owners per se, but that the problem lies in the public officials who devised tax, banking and regulatory systems to make multiple home ow