President Lee: "Necessary Measures for Stock Market soon... Real Estate Volatility Must Be Reduced"

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On the 19th, President Lee Jae-myung stated, “It is true that the South Korean stock market is significantly undervalued,” adding, “I will receive a comprehensive report soon and take necessary measures.” Regarding the real estate market, he said, “We must make at least minimal preparations because there could be a shock (of a decline).” President Lee was at Che 청wadae (the presidential residence) this afternoon.

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연합뉴스-Yonhap News Agency

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연합뉴스-Yonhap News Agency

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"When prices rise too much, a correction is bound to follow... It is difficult for the government to intervene in the stock market." "Strangely, there is no tax on real estate investment... Taxes were not raised to curb housing prices." "High number of auction listings and rising delinquency rates; preparing for a shock at the inflection point... Supply to normalize starting 2028."

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On the 19th, President Lee Jae-myung mentioned “I think everything is in place” in connection with the recent sharp decline in domestic stocks. Furthermore, the Korean stock market is still “undervalued,” and they announced that they will soon receive reports to eliminate market unease factors and take measures. President Lee made a “surprise visit” to the Cheongwadae Chunchukwan this afternoon for 1 hour and 30 minutes with the press corps