Lee Jae Myung
South Korea rolls out first mass-produced KF-21 fighter jet
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President Lee Jae Myung hailed the first mass-produced KF-21 fighter jet as a symbol of self-reliant defense during a ceremony on March 25 in Sacheon. He vowed to elevate South Korea to one of the world's top four defense powers. The Air Force plans to deploy 120 jets starting in September after evaluations.
President Lee Jae Myung reaffirmed his commitment to reining in South Korea's overheating housing market on May 6, 2026. He called real estate market normalization an inevitable trend and a key national policy task. Lee shared the remarks on his X account alongside an article forecasting a downward trend in house prices.
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Rival parties continued to clash on May 4 over the ruling Democratic Party's (DP) push for a special counsel bill to probe alleged evidence fabrication by the prosecution under the previous Yoon Suk Yeol administration. The bill targets 12 ongoing cases, including eight linked to President Lee Jae Myung. The main opposition People Power Party (PPP) denounced it as an unconstitutional bid to shield Lee.
President Lee Jae Myung has urged multiple home owners to sell via social media, labeling real estate speculation as leading to 'national ruin.' The government is considering ending the grace period for punitive capital gains taxes on May 9, while housing supply plans face delays. Experts argue that legislation and follow-up measures matter more than harsh rhetoric.
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President Lee Jae-myung arrived at Cheong Wa Dae on December 29, 2025, for his first official workday following the presidential office's relocation back to the historic compound—a move first announced last week. A presidential flag with two phoenixes was raised at midnight, and Lee met senior aides before planning a visit to the National Crisis Management Center.