In a recent discussion, former South Korean President Moon Jae-in publicly recognized the failures of his administration's real estate policies. This admission came during a conversation on his YouTube channel, where he spoke with former Cheong Wa Dae protocol officer Tak Hyun-min. Moon’s reflection on the topic was particularly stirred by Tak’s remark that real estate issues have been a 'painful finger' for them, prompting Moon to state, 'We must acknowledge that we failed in our real estate policy.' This moment underscores Moon's ongoing concern regarding the skyrocketing housing prices experienced during his presidency, an issue he has frequently addressed since leaving office.

Throughout his presidency, Moon Jae-in faced intense scrutiny over rising housing costs, and he expressed his regret on multiple occasions, recognizing the burden that housing issues placed on the South Korean populace. In his 2021 New Year’s address, Moon apologized for the struggles homeowners faced, stating how the housing crisis had impacted public sentiment significantly. In interviews and public statements, he often referred to the inability to stabilize real estate prices as the heaviest responsibility of his administration, labeling it 'the most painful matter' of his term.

As the current administration under President Lee Jae-myung moves to tighten regulations on multi-homeowners and real estate policies, it reflects a strong commitment to stabilizing the housing market. Lee's government is set to end a temporary suspension of heavy taxes on multi-homeowners by May 9, indicating their seriousness about tackling the housing crisis, an undertaking that is seen as vital in light of the public dissatisfaction stemming from the previous administration’s approach to real estate management.