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S.KOREA

Lee dismisses gap investment criticism as “far-fetched”

President Lee Jae-myung on Sunday rejected criticism that a proposed exemption for nonresident single-home owners under South Korea’s land transaction permit system would effectively allow speculative “gap investment” by homebuyers without properties.Lee described the criticism as “close to an unfair attack” in a post on X, formerly Twitter, while sharing an..

PPP cutoff sparks backlash, legal fight looms
A growing dispute has emerged within the People Power Party (PPP) after Joo Ho-young and Lee Jin-sook were excluded from the Daegu mayoral primary, trigger..

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