On October 24, President Yoon Suk-yeol addressed the issue of rising farmland prices during a National Assembly meeting, highlighting the difficulties faced by those looking to engage in farming or rural living due to exorbitant land costs. He noted that even desolate plots in mountainous valleys are priced between 50,000 to 300,000 won, making it almost impossible for prospective farmers to establish themselves. Consequently, Yoon instructed the government to expand its focus on preventing real estate speculation beyond just residential properties to include agricultural lands as well, initiating a comprehensive survey of uncultivated lands to deter speculative transactions.

Yoon specifically criticized the current state of agricultural land being treated as speculative assets, referencing the constitutional rule of land ownership for farming use. He pointed out the necessity for enforcement regarding land sales by those who purchase agricultural land for profit rather than cultivation, noting that little has been done to mandate land sales. This sentiment is echoed within civil society, as the Citizens' Coalition for Economic Justice recently raised concerns about the lack of substantial surveys of actual farmland ownership since the 1949 Land Reform Act and urged the government to adopt a comprehensive land management system.

In discussing the broader implications of real estate speculation, Yoon articulated that the core of many societal problems in South Korea can be traced back to real estate issues. He emphasized that without addressing how properties are treated as speculative investments through tax policies, regulations, and financial systems, the normal development of society would be hindered. The Blue House clarified that Yoon's remarks are rooted in a long-standing awareness of the structural contradictions related to land issues in South Korean society, reflecting a commitment to tackle injustices in the market, including potential rewards for whistleblowers on unfair trading practices.