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South Korean President Lee Jae Myung Cites Japan's Property Crash Amid Housing Market Concerns
Gelişiyor
Real estate·24.07.2026AI özeti

South Korean President Lee Jae Myung Cites Japan's Property Crash Amid Housing Market Concerns

South Korean President Lee Jae Myung expressed concerns about the country's real estate market, comparing it to Japan's 1990s property crash, as he plans tax revisions. Economists, however, largely downplay immediate bubble burst risks, citing tight lending and regional price variations, while acknowledging some shared financial characteristics with Japan.

C
CNBC
3 dk okuma
President Lee Jae Myung Reaffirms Property Tax Hike, Seeks Consensus to Stabilize Real Estate Market
Gelişiyor
Real estate·23.07.2026AI özeti

President Lee Jae Myung Reaffirms Property Tax Hike, Seeks Consensus to Stabilize Real Estate Market

President Lee Jae Myung reaffirmed the need to raise property holding taxes to normalize South Korea's soaring real estate market, stating broad consensus exists but a compromise is needed on the extent of the increase. He warned against asset accumulation through multiple homes and expressed concern over high real estate investment levels.

Y
Yonhap News
2 dk okuma