The Financial Services Commission and the Financial Supervisory Service have reportedly begun surveying the dwelling ownership status of employees who handle work related to real estate policy. The move follows President Lee Jae-myung's recent remark that multiple-home owners would be excluded from the real estate policy discussion process.
According to the financial authorities on the 25th, the Financial Supervisory Service (FSS) is said to be surveying the dwelling ownership status of employees at the Head of Team level and above related to the banking sector. The survey items reportedly include the number of dwellings owned, officially assessed land price, and transaction price. The FSS plans to review adjustments to the survey scope once detailed guidelines are issued by the government.
Earlier, the Financial Services Commission (FSC) also began to ascertain the dwelling ownership status of employees working on real estate policy. The FSC is checking the dwelling ownership status of Director Generals, Directors, and deputy directors, focusing on the Financial Policy Bureau that designs real estate policy.
On the 22nd, the president said on social media (SNS), "I instructed the presidential office and the Cabinet to exclude multiple-home owners, nonresident multiple-home owners, and those who excessively own real estate from the discussion, drafting, reporting, and approval processes of dwelling and real estate policy." The move appears to reflect concern that if presidential aides or senior officials who own multiple homes take part in deciding real estate policy, they might distort the system.
An official at the Financial Supervisory Service (FSS) said, "We are looking into the details regarding the internal staff's real estate holdings and will also consider the progress at other agencies."