The 164-square-meter apartment in Gyeonggi-do is his only home and comes onto the market as South Korea prepares a tax on ultra-expensive housing.
Lee Jae-myung is preparing to sell his only home, a 164-square-meter apartment in Bundang, Gyeonggi-do, as South Korea readies a tax on ultra-expensive housing. He and his wife bought the property for 360 million won in 1998, lived there for nearly 30 years, and listed it for sale in February at 2.9 billion won. The move places a personal property transaction against the backdrop of a broader housing tax push, highlighting how policy changes can affect even long-held primary residences.