Seoul housing rally sets record for consecutive weekly gains

President Lee Jae-myung: Lee Jae-myung is the President of South Korea, leading the country since his election and focusing on domestic policy challenges including economic stability and housing affordability. He has implemented tighter mortgage restrictions and outlined plans to increase housing supply as part of efforts to stabilize the market. In the context of the current news, his administration faces scrutiny over the persistent housing price rally in Seoul despite these measures. Market Trend: Seoul's home prices have continued a strong upward trajectory, highlighting challenges in curbing costs through regulatory and supply-side approaches. Housing Policy: President Lee Jae-myung's government has pursued a Housing Stability Plan emphasizing increased public housing supply alongside lending curbs to address market pressures.