FSS Chief Lee Chan-jin Lowers Gangnam Apartment Price After Criticism Over 400 Million Won Markup

After Audit Criticism of 'Dad Chance',
Listed at 1.8 Billion Won, Down from Previous 2.2 Billion Won Asking Price

Lee Chan-jin, Governor of the Financial Supervisory Service, announced that he would sell one of his two apartments in Umyeon-dong, Seocho-gu, Seoul. After being criticized for listing the property at 400 million won higher than the most recent transaction price, he has reportedly lowered the price.

Lee Chan-jin, Governor of the Financial Supervisory Service, is greeting at the 'Financial Supervisory Service Governor-Big Tech CEO Meeting' held at Naver Square Yeoksam in Gangnam-gu, Seoul on the 11th. 2025.9.11 Photo by Kang Jin-hyung

According to Naver Real Estate on October 29, the apartment listed by Governor Lee is now priced at 1.8 billion won, which is 400 million won lower than the previous asking price of 2.2 billion won.

Yangsoo Lee, a member of the National Assembly's Political Affairs Committee from the People Power Party, pointed out during a parliamentary audit on October 27, "Governor Lee's property is listed at 2.2 billion won, which is 400 million won higher than the actual transaction price of 1.8 billion won a month ago," adding, "For the price to rise by 400 million won in just one month shows that the October 15 real estate policy has completely failed."

Governor Lee initially stated, "I will transfer one of the two apartments, both of which are cohabited by my family, to my child," but after controversy arose over the so-called 'dad chance,' he admitted, "It was highly inappropriate to make such a statement at a time when many citizens are suffering from housing issues."

He added, "Although it will be somewhat uncomfortable due to the reduced space, considering my position as a public official, I will sell and settle one of the apartments."