▲President Lee Jae-myung shared a supporter's post promoting his administration's achievements on X, formerly Twitter, on the 1st, writing, "Please join in, with 'left-egance.'" The term, a play on the Korean word for "elegance" that swaps in the character for "left," is used online by Lee's supporters. Lee, who has sharply increased his social media activity in recent weeks while calling social networking services "a direct channel of communication with the people," was in effect urging his support base to take part. It raises the question of whether a presidential message using the jargon of one political camp can be considered communication from a "president for all," directed at the entire public.
▲Korea Land & Housing Corporation (LH) President Lee Sung-hoon said on the 30th of last month that "there is a time lag in supply" and that "there are concerns that this kicks away the housing ladder, but this is the moment when lending restrictions are needed." Lee also said that "more people feel burdened by maintaining the 600 million won loan limit," arguing that mortgage ceilings should be lowered for homes priced at 1.5 billion won or less. With Seoul home prices rising for 86 consecutive weeks — the longest streak on record — despite the government's array of regulations, is it appropriate for the head of the country's housing supply agency to insist that lending curbs are the way to rein in prices?
