The Blue House stated on July 21 that claims regarding personal connections or special relationships between President Lee Jae-myung and the buyer of his home in Bundang, Seongnam, are unfounded.
The Blue House spokesperson said in a statement, "The sale was conducted through standard real estate practices." This comes after reports revealed that the President and his wife established a mortgage of 1.77 billion won after selling their home, raising suspicions of a transaction involving a related party.
The spokesperson explained, "The registration was completed considering the buyer's circumstances, and the mortgage was established transparently based on a civil agreement between the parties involved. The mortgage pertains to the unpaid balance due at the end of October."
Additionally, the spokesperson emphasized that the designation of the property as a redevelopment area occurred during the previous Yoon Suk-yeol administration in November 2024, when the mayor of Seongnam was also affiliated with the People Power Party. Therefore, claims of preferential treatment in redevelopment are baseless.
They added, "The President's residence was the only home where the couple lived for 28 years, and they sold it at a price lower than the market value to demonstrate their commitment to normalizing the real estate market, foregoing potential profits from redevelopment."
* This article has been translated by AI.
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