President Lee Calls for Financial Measures to Cool Housing Market While Reaffirming Prosecution Reform
AI summaryPresident Lee Jae Myung urged financial authorities to deploy regulatory tools to stabilize South Korea's overheated housing market, describing taxation as a last-resort option and comparing it to a "nuclear weapon" that should not be used lightly. In a separate statement posted March 17 on social media, he reaffirmed plans to separate prosecution investigative and indictment powers by October, while cautioning ruling party hard-liners against excessive measures that could impede the reform.