On the second day of the Seollal holiday, which fell on the 15th, South Korea's ruling People Power Party and opposition Democratic Party continued their fierce debate over real estate issues. The People Power Party criticized President Lee Jae-myung for owning an apartment in Bundang, while the Democratic Party rebuffed the criticism by pointing out the ruling party's own lawmakers holding multiple properties. The focus of the criticism centered around the perceived hypocrisy of the ruling party demanding the public relinquish windfall profits while maintaining lucrative assets themselves.

The People's Power Party, represented by spokesperson Choi Bo-yoon, commented on President Lee's apartment in Seongnam, Bundang, suggesting that his declaration of it being his 'post-retirement residence' could be seen as an assertion to secure that property. Choi highlighted the ongoing reconstruction in the area, which is set to complete by 2035, raising concerns that the President's continued ownership might contradict his prior stance on property tax benefits, given he may be unable to move in immediately after leaving office.

Responding to these criticisms, Democratic Party spokesperson Kim Hyun-jung pointed out the contradiction where several members of the People Power Party own multiple properties. He criticized the ruling party for attempting to undermine President Lee's position as a single-home owner while ignoring their own members' property holdings. Kim suggested that the public sentiment during the Seollal holiday showed resentment towards what he termed as the ruling party's defense of real estate speculation, labeling them as the 'Party that Protects Windfall Income.' This exchange highlights a continuing narrative of housing issues and disparities in property ownership that resonate strongly with the South Korean public, especially in light of the current economic climate.