Hong Ji-seon Housing Minister Candidate Accused of 'Young Couple's Loan' Home Purchase
Hong Ji-seon, the South Korean housing minister candidate, is accused of purchasing a home using a 'young couple's loan' despite the government's strict loan regulations.
As of 2026-09-04 11:54 UTC.Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Kim Eun-hye criticized Hong for hypocrisy, stating that the Yoon government's 'no debt-driven home purchases' policy contradicts the candidate's actions. [1]
Hong Ji-sun, the nominee for South Korea's Ministry of Land, Infrastructure and Transport, purchased a Seoul apartment in May of last year for 1.05 billion won using a full mortgage strategy known as 'yeongkkeul'. [2]
Hong Ji-seon, the South Korean housing minister candidate, purchased a Seoul apartment in May 2025 for 1.05 billion won using a 367 million won mortgage, according to the People Power Party's investigation. [3]
Hong's spouse borrowed 170 million won from her mother-in-law on April 15, 2025, just one day before the apartment's down payment of 200 million won was due. [4]
The apartment's current market value is estimated at 1.41 billion won, suggesting a 460 million won profit for Hong, according to the People Power Party. [5]
Hong secured a housing loan of 367 million won to finance the purchase, while his spouse borrowed 170 million won from her mother using a loan certificate. [6]
The apartment was located in Sindorim-dong, Guro-gu, Seoul, and was bought jointly with Hong's spouse. [7]
The total funds used for the purchase were 537 million won, which represents more than half of the 1.05 billion won purchase price. [8]
What this stands on
Kim Eun-hye criticized Hong for hypocrisy, stating that the Yoon government's 'no debt-driven home purchases' policy contradicts the candidate's actions. · 동아일보
Hong Ji-sun, the nominee for South Korea's Ministry of Land, Infrastructure and Transport, purchased a Seoul apartment in May of last year for 1.05 billion won using a full mortgage strategy known as 'yeongkkeul'. · 매일경제South Korea
Hong Ji-seon, the South Korean housing minister candidate, purchased a Seoul apartment in May 2025 for 1.05 billion won using a 367 million won mortgage, according to the People Power Party's investigation. · 동아일보
Hong's spouse borrowed 170 million won from her mother-in-law on April 15, 2025, just one day before the apartment's down payment of 200 million won was due. · 동아일보
The apartment's current market value is estimated at 1.41 billion won, suggesting a 460 million won profit for Hong, according to the People Power Party. · 동아일보
Hong secured a housing loan of 367 million won to finance the purchase, while his spouse borrowed 170 million won from her mother using a loan certificate. · 매일경제South Korea
The apartment was located in Sindorim-dong, Guro-gu, Seoul, and was bought jointly with Hong's spouse. · 매일경제South Korea
The total funds used for the purchase were 537 million won, which represents more than half of the 1.05 billion won purchase price. · 매일경제South Korea
The one we could place publishes from South Korea. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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