Lee vows diverse measures to stabilize property market

President Lee Jae Myung said Tuesday the government will adopt various measures on both the supply and demand sides to stabilize the property market and root out speculative behavior. Lee said at a Cabinet meeting that windfall profits from real estate, helped by illegalities and exploiting legal loopholes, have become the "biggest culprit" in destroying fairness and common sense and undermining national unity. He also blamed the property market for exacerbating wealth inequality, household debt

By The Korea Herald