Korean President Slammed Over Unorthodox $2 Million Home Sale
South Korean President Lee Jae-myung and his wife sold their 164 sq m Seongnam apartment for 2.9 billion won on July 14, 2026, then took a 1.77 billion won mortgage on it as seller financing at no interest, with the balance due by end-October. The opposition said it circumvented his own rules, which cap mortgages at 200 million won on homes above 2.5 billion won.
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