President Lee urges vote to build a proud South Korea, citing high property prices

South Korean President Lee Jae-myung has declared that property prices in the nation are "excessively high," advocating for a significant shift away from real estate speculation. In a post on X, formerly Twitter, Lee shared data on real estate price fluctuations across Asian countries over the past year.

While South Korea's property market saw a 1.8% increase, significantly lower than Vietnam's 24.3% or Hong Kong's 9.8%, Lee argued that prices remain disproportionately high. He noted that despite claims of reduced household asset concentration in real estate, the sector still holds a substantial portion of national wealth, contributing to the undervaluation of the South Korean stock market.

Lee urged citizens to participate in voting, framing it as a crucial act for selecting "competent and loyal servants." He believes this choice is essential for building a "democratic republic of South Korea that can truly be proud of the world."

This marks the fourth time President Lee has publicly encouraged voter turnout, having previously posted messages referencing Plato's philosophy on the dangers of being ruled by the "worst elements."