Lee posts again on X on election day afternoon
'Real estate share of assets still too high'
'One reason Korean stock market remains undervalued'
President Lee Jae-myung said Wednesday that South Korea must break free from real estate speculation and transform into a startup-driven, indispensable nation — remarks made on the day of the June 3 local elections.
Lee posted on his X (formerly Twitter) account Wednesday afternoon, saying South Korea's home and real estate prices are "way too high."
"Moreover, although the share of real estate in assets held by the public has fallen considerably, it remains far too high," he said, adding that this is "one of the reasons the South Korean stock market remains undervalued."
He went on to say that "participating in the vote and choosing a capable and loyal public servant is what makes South Korea a truly democratic republic worthy of the world's admiration."
Along with the post, Lee shared an X post from Global Property Guide, an international real estate market research firm.
The post featured data from Global Property Guide titled "Nominal house price changes in Asia over the past year (latest data)." According to the data, South Korea recorded a 1.8 percent rise in housing prices over the past year. Other markets in the same dataset showed Vietnam at 24.3 percent, Hong Kong at 9.3 percent, Tokyo at 8.2 percent, India at 3.6 percent and Singapore at 3.4 percent. Malaysia came in at 1.7 percent, the Philippines at 1.6 percent, Thailand at 1.2 percent and Indonesia at 0.6 percent.
Global Property Guide said the data was drawn from national statistics agencies and central bank figures in each country.
![A post uploaded to President Lee Jae-myung's X (formerly Twitter) account Wednesday afternoon. [Captured from President Lee Jae-myung's X account]](https://wimg.heraldcorp.com/news/cms/2026/06/03/news-p.v1.20260603.4b9d6a779d5c482cba46db025f36efaa_P1.png)
dandy@heraldcorp.com
