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Posted : 2021-03-15 16:56 Updated : 2021-03-16 10:28 President Moon Jae-in presides over a meeting with his key aides at Cheong Wa Dae, Monday. Yonhap Speculative land buying scandal pushes down President s support rate By Jung Da-min A speculative land purchase scandal involving employees of a state-run housing corporation has dragged down support for President Moon Jae-in and the ruling Democratic Party of Korea (DPK), becoming a major variable for the April 7 mayoral by-elections in the cities of Seoul and Busan. Given that real estate is one of the most sensitive issues here with people suffering from high home prices, there are expectations that the effects of the incident may not stop at the by-elections but go beyond them accelerating the Moon administration into a lame-duck presidency.

Soult ukpyolsiSouth koreaPusan gwangyoksiDemocratic party of koreaPeople power partyDemocratic party of korea seoulPeople partyHousing corpPresident moon jae inCheong wa daeMoon jae inDemocratic partyKorea landChoi young ilPresident moonSongpa district