President Lee Jae-myung on the 21st urged those who bought dwellings using business-purpose loans in a case of "misuse beyond intended purpose" to voluntarily repay the loans before facing disadvantages such as criminal punishment.
On X (formerly Twitter) the same day, the president shared an article saying the National Tax Service decided to conduct a full review after cases of using business loans as a funding source when purchasing dwellings in the second half of last year rose 35% from a year earlier, and stated accordingly.
The president said, "It is clear which choice is more rational between facing criminal punishment for fraud, undergoing a National Tax Service tax audit, and being forced to have the loan recalled, and preemptively repaying voluntarily."
Earlier, on the 17th, regarding cases of purchasing real estate with business loans to evade loan regulations, he warned, "The Financial Supervisory Service and the National Tax Service can conduct a joint full investigation, file criminal complaints for fraud, and recover the loans. Far from reaping speculative gains, you could even lose your principal," adding, "At the very least, I ask you to refrain from this from this moment."