On a recent cabinet meeting, President Yoon expressed concerns over South Korea's real estate market, which he described as having become an object of speculation heavily influenced by the financial sector. He highlighted that the common practice of buying homes with borrowed money has created a sense of disadvantage for those not participating in this trend. Therefore, he reiterated that financial policies will be essential in controlling home prices, underlining the need for the Ministry of Land, Infrastructure and Transport to effectively prepare supply policies.

Regarding potential tax adjustments as a measure for stabilizing housing prices, President Yoon categorized taxes as a last resort akin to using a nuclear bomb in warfare. He cautioned against using such measures lightly, yet acknowledged that if the situation necessitates it, taxes must be utilized. This statement indicates a potential shift in the government's approach to prioritize financial measures and housing supply over immediate tax interventions while still keeping the door open for tax adjustments in future housing market management.

President Yoon's remarks set the tone for upcoming discussions about real estate policies in South Korea, especially with the government expected to announce reform plans for taxation in July. These comments can signify not only a focus on financial interventions to regulate the housing market but also a willingness to consider fiscal policies as a means to influence demand in the real estate sector. This reflects a broader strategy to navigate ongoing challenges in the South Korean property market effectively.