THE CLOCK IS TICKING: President Lee SLAMS DOOR on Real Estate Speculators, Sparks Fury and Confusion
The government is coming for multi-homeowners, and the deadline is NOW. Despite whispers of a reprieve, the presidential office has CONFIRMED the grace period for a punishing new capital gains tax will END on May 9 as planned. This is a DECLARATION OF WAR on property speculation.
Presidential spokesperson Kang Yu-jung, in a press briefing captured by Yonhap News photographers, stated President Lee Jae Myung has “consistently emphasized” this hardline stance. Contracts signed by the cutoff will dodge the higher rate—all others face the financial music. This comes after National Policy Director Kim Yong-beom sowed confusion by floating a possible one- or two-month delay, giving wealthy investors false hope. The government’s message today is brutal and clear: NO EXTENSION.
Why the sudden, aggressive certainty? Look at the president’s recent social media blitz on real estate. It’s a calculated show of force. This isn’t just policy; it’s a political CRACKDOWN designed to show who’s in charge. While officials mumble about “technical issues” and “fine-tuning,” regular families scrambling for a single home are left watching the rich play games with deadlines. The powerful get whispers and warnings. You get ultimatums.
The rules are being rewritten in real time, and you are the last to know.
Author: Kayitsi.com
