On October 22, South Korean President Yoon Suk-yeol announced a directive aimed at excluding multiple homeowners, owners of high-priced residential properties, and individuals with excessive real estate holdings from discussions and decision-making processes within the government regarding housing and real estate policies. This move comes as part of a broader effort to escape what he termed the 'real estate republic' and to ensure that even minor flaws in housing policies are avoided. Yoon emphasized the importance of cleansing policy-making processes to regain public trust in government initiatives related to housing.

President Yoon articulated that while there is no intrinsic fault with owning multiple properties or high-value homes, it is the public officials who have created policies that favor multiple homeowners by encouraging rises in housing prices through lax taxation, finance, and regulatory environments who should be held accountable. He highlighted the need for officials involved in these past policy failures and those who took advantage of loopholes for speculation to be excluded from future housing policy discussions, arguing that their participation could lead to a further distortion of policies and erosion of public trust.

In response to the directive, it has been reported that several high-ranking aides within the Presidential office, who possess multiple properties, are planning to sell or dispose of their holdings. Currently, it is known that there are 12 aides at the level of secretary or above who own multiple homes, and the government's move appears to be an attempt to address past housing policy issues that have contributed to soaring property prices, thereby resetting the framework of housing policies in Korea.