President Lee's approval rating falls to 48.4% in latest poll

Key facts

• President Lee Jae Myung's approval rating fell to 48.4% this week.
• The decrease in approval rating from the previous week was 0.5 percentage points.
• President Lee's apartment was sold for 2.9 billion won.
• The sale was part of the administration's effort to curb runaway home prices.
• The presidential office confirmed the sale, stating it demonstrated commitment to real estate normalization.

President Lee Jae Myung's approval rating has fallen to 48.4%, a decrease of 0.5 percentage points from the previous week, according to a recent poll. This development coincides with the sale of his and first lady Kim Hea Kyung's apartment for 2.9 billion won (US$1.96 million).

The apartment, located in Seongnam, was put on the market in February as part of the administration's initiative to stabilize the housing market. The ownership transfer was finalized recently, with the buyers registering a significant mortgage in favor of the president and his wife. Cheong Wa Dae confirmed the sale, emphasizing that President Lee undertook the measure to underscore his commitment to his real estate normalization policy, despite not being obligated to sell his sole residence.