President Lee Encourages Voter Participation on Election Day

President Lee Jae-myung reiterated his call for voter participation on June 3, emphasizing real estate issues. This marked his fourth post on social media on election day.

In a post on X (formerly Twitter), President Lee stated, "Housing prices and real estate in South Korea are already excessively high. Although the proportion of real estate in the assets held by citizens has decreased, it remains too high."

He shared statistics from Global Property Guide, which compared nominal housing price changes in major Asian countries over the past year based on data from national statistical offices and central banks. According to the report, Vietnam saw the highest increase in housing prices at 24.3%, followed by Hong Kong at 9.8%, Tokyo at 8.2%, India at 3.6%, and Singapore at 3.4%.

South Korea's housing price increase was recorded at 1.8%, similar to Malaysia at 1.7%, the Philippines at 1.6%, Thailand at 1.2%, and Indonesia at 0.6%.

President Lee noted, "One of the reasons the South Korean stock market remains undervalued is that we must escape from being a speculative real estate republic and transition into a startup nation, developing into an irreplaceable core country."

He concluded by encouraging participation in the elections, stating, "Choosing capable and loyal representatives will create a democratic republic of Korea that we can truly be proud of to the world."