Chairperson Lee Eog-weon of the Financial Services Commission (FSC) said on the 29th that regarding the transaction method in President Lee Jae-myung's sale of an apartment in Bundang, Seongnam, Gyeonggi, in which a revolving mortgage of 1.77 billion won was established, "It was a private transaction, so I don't know the specifics well."

Lee answered this way during a National Policy Committee work report at the National Assembly on the same day, in response to a question from People Power Party lawmaker Park Jun-tae asking whether the president's apartment sale method was illegal. The president sold the apartment for 2.9 billion won and had a maximum revolving mortgage amount of 1.77 billion won established on the buyer, sparking controversy.

Lee Eog-weon, chair of the Financial Services Commission, answers lawmakers' questions during a full meeting of the National Policy Committee at the National Assembly in Yeouido, Seoul, on the 29th. /Courtesy of News1

Lee said, "I understand the presidential office said it was done in a 'lawful, transparent, and open manner.'"

Lee, responding to criticism that end users are being harmed in the process of the financial authorities' total volume management of household loans, said, "We will prepare measures to prevent problems from arising." Lee said, "We will take special care to ensure that end users are not harmed during total volume management," and added, "While maintaining total volume management and related parts, we will work to find ways that do not harm end users or ordinary people."

※ This article has been translated by AI. Share your feedback here.