South Korea's Lee said on Thursday he will press ahead with housing policy reform even if it provokes expected conflict, resistance and "political cost". He warned failure to act could inflate a property bubble and trigger decades-long economic stagn

2026-07-24

South Korea's Lee said on Thursday he will press ahead with housing policy reform even if it provokes expected conflict, resistance and "political cost". He warned failure to act could inflate a property bubble and trigger decades-long economic stagnation, citing Japan's "lost decades". Lee said Forthcoming measures and discussions will cover property holding taxes, capital gains taxes and housing loan rules.