Korea Joongang Daily
Korea JoongAng Daily

Lee signals he may limit extending existing loans for owners of multiple homes

President Lee Jae Myung on Friday raised questions about whether it is fair to extend existing loans for owners of multiple homes, hinting at possible measures to restrict such financial benefits in an effort to stabilize the property market.

2026-02-13

Seoul home purchases by foreigners drop by half following restrictions

Home purchases among foreigners in Seoul have more than halved following the government's designation of the entire city as a real estate transaction permit zone for foreigner nationals, government data showed Thursday.

2026-02-12

As mortgage rules tighten, investors cash out stocks for Gangnam homes

Homebuyers in Seoul funneled trillions of won from stock and bond sales into property purchases after the government began tightening mortgage rules in June last year.

2026-02-11

North Korea says 50,000 unit housing project in Pyongyang is nearing completion

North Korea said on Wednesday that a landmark housing project — launched at a previous party congress — to build 50,000 living units in Pyongyang will soon be completed, marking a major preparatory step ahead of another party congress this month.

2026-02-11

Lee delivers warning to multiple-home owners who seek luxury property as investment

President Lee Jae Myung on Thursday delivered another warning against owners of multiple homes who are seeking to buy luxury homes, with the government set to end tax breaks to stabilize the overheated property market in the Seoul metropolitan area.

2026-02-05

Lee steps up resolve to stabilize housing prices

President Lee Jae Myung on Wednesday stepped up his resolve to stabilize home prices, saying that people suffering from a jump in housing prices should get more consideration than owners of multiple homes.

2026-02-04

Gov't eyes grace period for multiple-home owners as tax exemption deadline approaches

Korea will end a temporary exemption on higher capital gains tax for owners of multiple homes on May 9, while considering limited grace periods for transactions already in progress, Economy and Finance Minister Koo Yun-cheol said Tuesday.

2026-02-03

Lee vows to rein in real estate speculation 'by any means necessary'

President Lee Jae Myung on Tuesday pledged to rein in real estate speculation, which he said threatens the country's future, vowing to stabilize the housing market "by any means necessary."

2026-02-03

Lee refutes opposition party's criticism over housing supply plan

President Lee Jae Myung on Monday refuted criticism by the main opposition party over the government's plan to supply homes to stabilize the property market.

2026-02-02

Koreans in their 30s go all-in on housing, outpacing older buyers

Armed with loans, data and a strong sense of urgency, Korea’s millennials are pushing into the housing market, with buyers in their 30s now accounting for the largest share of home purchases.

2026-02-01