Top gov't officials criticized over real estate investments

The top officials behind the recently introduced strict housing regulations are facing heavy criticism for double standards, as their personal real estate dealings appear to contradict President Lee Jae Myung's push to curb home prices, market watchers said Wednesday. Among them are Financial Services Commission (FSC) Chairman Lee Eog-weon, Financial Supervisory Service (FSS) Gov. Lee Chan-jin and Vice Minister for Land and Infrastructure Lee Sang-kyeong. The FSC has played a key role in tightening mortgage rules, while the Ministry of Land, Infrastructure and Transport (MOLIT) has expanded the designation of property speculation-prone zones. As the country’s financial watchdog, the FSS is tasked with ensuring that housing policies are faithfully observed in the market. Within just six months of taking office, the Lee administration has introduced three major housing regulations — on June 27, Sept. 7, and Oct. 15 — making it more difficult to purchase homes, particularly in Seoul and the surrounding areas. Against this new regulatory backdrop, the FSC chairman has come under fire foWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times