President Lee Jae-myung stated on July 23, "If someone is temporarily non-resident due to circumstances but claims it is for residential use, shouldn't it be treated the same as actual residence?"
During the 'National Forum on Real Estate Policy' held at the KBS Annex in Yeouido, Seoul, President Lee remarked, "When we refer to a single home as an actual residence, there are many concerns raised, such as, 'What should I do if I have to move temporarily for work?' or 'What if my children need to be educated or hospitalized?'" He added, "In my case, since I reside at the presidential residence, my home is vacant, leading to comments like, 'Aren't you non-residential?' or 'Isn't it not an actual residence?'"
He continued, "Let's change the terminology. In our previous meeting, I suggested we stop using 'actual residence' and instead use 'residential use.' I will check later if everyone agrees with this change."
Addressing concerns about the so-called 'concentration on a single valuable property' phenomenon fueling speculative demand in the real estate market, President Lee acknowledged, "I made such claims when I was in the opposition and faced significant criticism, but that is the reality."
During the 'National Forum on Real Estate Policy' held at the KBS Annex in Yeouido, Seoul, President Lee remarked, "When we refer to a single home as an actual residence, there are many concerns raised, such as, 'What should I do if I have to move temporarily for work?' or 'What if my children need to be educated or hospitalized?'" He added, "In my case, since I reside at the presidential residence, my home is vacant, leading to comments like, 'Aren't you non-residential?' or 'Isn't it not an actual residence?'"
He continued, "Let's change the terminology. In our previous meeting, I suggested we stop using 'actual residence' and instead use 'residential use.' I will check later if everyone agrees with this change."
Addressing concerns about the so-called 'concentration on a single valuable property' phenomenon fueling speculative demand in the real estate market, President Lee acknowledged, "I made such claims when I was in the opposition and faced significant criticism, but that is the reality."
* This article has been translated by AI.
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