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Blue House says Lee waives mortgage interest
Politics
— Jul 22, 2026
President Lee Jae-myung waived interest on a 1.77 billion won mortgage tied to the Bundang apartment sale, with the buyer set to repay the balance by October as part of a 2.9 billion won deal. The government and experts described the arrangement as akin to a bank loan rather than a gift and said any gift-tax implications would be handled under regulations, amid ongoing public scrutiny of the transaction.
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