South Korean President Lee Jae Myung’s approval rating increased to 56.5% last week, as per a survey conducted by Realmeter. The positive rating saw a 0.7 percentage point rise from the previous week, while the negative assessment decreased by 0.2 percentage point to 38.9%. The survey, commissioned by a local business news outlet, highlighted the government’s efforts to stabilize the property market as a key driver for the rise in approval.
Realmeter attributed the rise in approval to Lee’s actions aimed at controlling home prices, including the removal of an exemption from heavy capital gains tax for multiple homeowners and the positive performance of the stock market. The survey, which involved 1,009 adults and had a margin of error of plus or minus 2 percentage points, was conducted from Monday to Friday the previous week. Lee continued to express his disapproval of multiple-home ownership for investment purposes on his social media platform, emphasizing the need to eliminate preferential treatment in taxation, finance, and regulations.
Lee reiterated his stance on stabilizing the housing market, emphasizing the negative impact of rising home prices on young individuals, marriage rates, and childbirth. He also addressed the need to stabilize food and daily necessities prices by monitoring unfair trade practices and structural issues in the distribution process. Lee instructed an interagency task force to develop short-term measures to stabilize prices and combat unfair practices like price manipulation and monopolistic behaviors.
