Lee Eokwon Says "Too Early to Assess October 15 Real Estate Measures" [2025 Audit]

Lee Eokwon, Chairman of the Financial Services Commission
National Assembly Political Affairs Committee Audit

Lee Eokwon, Chairman of the Financial Services Commission, is speaking at the Comprehensive Audit of the Financial Services Commission and the Financial Supervisory Service held by the Political Affairs Committee at the National Assembly in Yeouido, Seoul on the 27th. 2025.10.27 Photo by Kim Hyunmin

Lee Eokwon, Chairman of the Financial Services Commission, stated that it will take time for the effects of the October 15 real estate measures to appear.

Chairman Lee made this remark on October 27 during the National Assembly's Political Affairs Committee audit, in response to a question from Lee Heonseung, a member of the People Power Party, who pointed out that the government's October 15 real estate measures do not seem to be effective, citing that Seoul apartment prices reached a record high last week.

Chairman Lee explained, "The figures released last week cover the period from October 13 to 20, so it is still too early to assess the effects of the policy."

In response to Assemblyman Lee's question about whether increasing housing supply is more important than imposing regulations, Chairman Lee said, "We are considering a variety of practical supply measures."

Regarding criticism that the expansion of policy finance is contributing to rising real estate prices, Chairman Lee commented, "Policy finance is necessary to support housing for ordinary citizens, and the real estate market must also be considered, so a comprehensive approach is required."

Assemblyman Lee also questioned, "While financial accidents at financial companies have increased significantly, executives and employees are receiving even higher performance bonuses. Isn't there a need for measures to resolve banks' moral hazard?"

In response, Chairman Lee emphasized, "We have introduced a responsibility structure, and going forward, we will work to clarify internal control responsibilities and take measures to prevent the pursuit of short-term profits in terms of performance."