# Lee Jae-myung Biography Flash: Week of March 23-29, 2026
Welcome back to Biography Flash. This week has been eventful for South Korean President Lee Jae-myung, with developments spanning housing policy, military strategy, energy crisis management, and historical accountability. Let's dive in.
On Saturday, March 28th, President Lee took to social media to directly rebut reports that his administration was considering blocking promotions for public officials who own multiple homes. According to Korea Joong Ang Daily, Lee characterized these reports as false and damaging to public trust, writing that the presidential office does not tell officials whether to sell their houses. He emphasized that the government can stabilize housing prices through tax, financial, and regulatory measures alone, and that even high-ranking officials remain free to maintain multiple properties. Interestingly, despite Lee's public stance, several presidential aides have been quietly selling their additional homes following his directive to exclude multi-homeowners from policy decisions. The irony wasn't lost on observers.
Earlier in the week, Lee continued his focus on housing policy by sharing comparative data on property taxes. According to Seoul Economic Daily, on Tuesday he posted articles highlighting that Korea's effective property tax rate stands at just 0.15 percent, compared to around one percent in New York, 1.7 percent in Tokyo, and 0.4 to 0.6 percent in Shanghai. A presidential office official confirmed that Lee views holding taxes as a last resort, though his senior secretary stated the administration is not currently reviewing increases.
On the military front, Lee has signaled swift action on wartime operational control. According to UPI and China Daily Asia, on Friday the 27th, Lee ordered the military to be fully prepared to play a leading role in defending the Korean Peninsula, vowing to rapidly retake wartime command from the United States.
That same day, March 27th, Lee addressed West Sea Defense Day at Daejeon National Cemetery, where according to Donga, he stressed that South Korea must maintain military strength while pursuing lasting peace, describing this dual responsibility as passed down by fallen service members.
On the energy front, Lee called for public solidarity against rising risks stemming from the prolonged Middle East conflict, according to IANS reporting. He presided over an emergency economic review meeting and mentioned his intention to maintain electricity rates if possible.
Most recently, according to MK News, on March 29th Lee announced his administration will push for excluding the statute of limitations on state violence crimes and civil prescription extinctions. He plans to visit Jeju on April 3rd to commemorate what he called the worst case of national violence.
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