Lee Jae Myung

Blue House says Lee waives mortgage interest

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.