President Lee Jae-myung said the dominance of Gangnam’s property market and South Korea’s reliance on real-estate speculation should become a thing of the past. He made the remarks on X, formerly Twitter, while sharing details of the Housing Stability Plan announced the previous day. The plan calls for an average of 240,000 public housing units a year through 2030, including public-sale and public-rental homes, and introduces universal public rental, a program offering larger floor space and other features for varied household needs. The comments reinforce Lee’s stated intention to accelerate housing supply while maintaining a policy goal of moving away from an economy dominated by real estate. Lee arrived in New York on the 21st during a trip to the United States and Mexico for the U.N. General Assembly and is scheduled to deliver a keynote address on the 22nd.