President Lee Jae-myung: "Only Five Chinese Buyers Found, Not 944 Gangnam Apartments"
- Input
- 2026-05-21 16:54:19
- Updated
- 2026-05-21 16:54:19

[Financial News] President Lee Jae-myung said on the 21st that a report claiming "Chinese nationals made a surprise purchase of 944 apartments in Gangnam District, Seoul" was "clearly false" and should be met with strict accountability.
In a post on his X account, formerly Twitter, Lee wrote, "Seoul Economic TV published a fake video article saying 'Chinese nationals made a surprise purchase of 944 apartments in Gangnam District, Seoul... swept up units dumped by multi-home owners,' and it has now been deleted."
He added, "After checking, it turned out that only five Chinese nationals bought collective buildings in Gangnam District from January to April, making this a clearly false report."
Lee criticized the report, saying it appeared to be a fake news article deliberately created so it could be used as material to incite anti-China sentiment.
He went on to say, "It is supposedly journalism, and economic journalism at that, but how does stoking anti-China sentiment help the country and the public?" He added, "Shouldn't those responsible be held strictly accountable?"
The previous day, during a State Council of South Korea meeting that also served as an Emergency Economic Review Meeting, Lee had already ordered relevant ministries to respond firmly to similar reports on real estate policy, calling them "clear manipulation and distortion." At the time, he criticized an article claiming that Chinese nationals had bought up units dumped by multi-home owners, asking, "Why write such a false article?" and saying it was done intentionally to fuel anti-Chinese sentiment.
west@fnnews.com Sung Seok-woo Reporter