Korean elite’s double standard in home ownership persists: surveys

Lawmakers and high-ranking bureaucrats in both central and municipal governments own multiple homes despite the deepening housing crisis, according to recent surveys. The findings reflect the persistent double standards of Korea’s elite, as tighter regulations make it hard for ordinary citizens to buy homes, while those in power remain largely unaffected. According to data from corporate tracker Leaders Index, Tuesday, 48.8 percent of 2,581 central and local government officials of Grade 4 or higher, along with their family members, own two or more homes, and 17.8 percent hold three or more. Central government officials held the highest average number of homes per person at 1.89, followed closely by municipal governors at 1.87. Local council members and officials at public institutions or government-funded think tanks held around 1.71 homes each, while members of the National Assembly owned an average of 1.41 homes. Among municipal governors, Cho Seong-myung, head of Seoul’s upscale Gangnam District, had the highest number of homes at 42. Rep. Park Min-kyu of the ruling Democratic PartWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times