{"id":136783,"date":"2026-08-30T10:14:10","date_gmt":"2026-08-30T10:14:10","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/136783\/"},"modified":"2026-08-30T10:14:10","modified_gmt":"2026-08-30T10:14:10","slug":"president-lee-jae-myung-again-issued-a-public-warning-on-the-30th-not-to-expect-a-rise-in-housing-pr","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/136783\/","title":{"rendered":"President Lee Jae Myung again issued a public warning on the 30th not to expect a rise in housing pr.."},"content":{"rendered":"<p>            <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/08\/20260831_01110101000005_S00.jpg\" orgwidth=\"300\" orgheight=\"376\" alt=\"\uc0ac\uc9c4\uc124\uba85\"\/>                      \uc0ac\uc9c4 \ud655\ub300<br \/>\nPresident Lee Jae Myung again issued a public warning on the 30th not to expect a rise in housing prices, citing the possibility of an additional increase in the Bank of Korea&#8217;s benchmark interest rate.<\/p>\n<p>President Lee shared an article on the economic outlook of investment bank Morgan Stanley on X (X, former Twitter) and said, &#8220;Those interested in real estate speculation should pay particular attention to this part, which is expected to be six months from now, &#8216;the Bank of Korea expects 3.5% interest rate in the first quarter of next year&#8217;.&#8221;\n<\/p>\n<p>President Lee said, &#8220;The government is not involved in interest rates, and it is not allowed to be involved,&#8221; but stressed, &#8220;We need to take into account the situation where low growth, which has been hindering the normalization of interest rates, is rapidly being overcome.&#8221;\n<\/p>\n<p>The Bank of Korea recently raised its key interest rate to 3 percent per annum. Some predict that it will increase to 3.25% to 3.50% annually by the first quarter of next year. This could cool the real estate market as the mortgage interest burden increases.\n<\/p>\n<p>&#8220;One more thing to note is that mortgage delinquency and auction items are on the rise,&#8221; Lee said. I hope you will also pay attention to the successful bid rate,&#8221; he said. &#8220;The government has ordered the government to prepare a system to purchase houses below a certain standard for public housing in case housing prices plunge due to early mass supply, suppression of speculative demand, overdue loans due to high interest rates, and an explosion in auctions,&#8221; he said.\n<\/p>\n<p>Finally, President Lee said, &#8220;The national sovereign government will definitely break down the ruinous real estate speculation at all costs,&#8221; adding, &#8220;The unfair and unreasonable tax system, which has been found to encourage real estate speculation, will also be corrected at the level of tax justice.&#8221;\n<\/p>\n<p>[Reporter Chae Jongwon]<\/p>\n","protected":false},"excerpt":{"rendered":"\uc0ac\uc9c4 \ud655\ub300 President Lee Jae Myung again issued a public warning on the 30th not to expect a&hellip;\n","protected":false},"author":2,"featured_media":136784,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[456],"tags":[845,12729,846,60140,3535,46747,69466,69467,69417],"class_list":["post-136783","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bank-of-korea","tag-bank-of-korea","tag-base-rate","tag-bok","tag-investment-bank","tag-morgan-stanley","tag-mortgage-loan","tag-speculation-demand","tag-speculative-forces","tag-unconditional"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/136783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=136783"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/136783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/136784"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=136783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=136783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=136783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}