[Asia Economy (Suwon) = Reporter Lee Young-gyu] Lee Jae-myung, Governor of Gyeonggi Province, strongly urged public officials of grade 4 or higher in Gyeonggi Province and executives of public institutions who own multiple houses to dispose of all non-primary residences by the end of this year.


This measure to require high-ranking officials to dispose of multiple homes is the first among local governments in Korea. It is stronger than the government’s proposal, which only recommended it for officials of grade 2 or higher. Governor Lee plans to reflect the housing ownership status of high-ranking officials in personnel evaluations starting next year.



On the 28th, Governor Lee held an online briefing at the Gyeonggi Provincial Office and announced the 'Key Real Estate Measures of Gyeonggi Province' containing these details.


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