Real Estate Backlash? President Lee's Approval Ratings Plummet Amidst 'Homeownership' Generation's Anger

## Real Estate Policy Backlash? President Lee's Approval Ratings Plummet Amidst 'Homeownership' Generation's Anger On October 28, 2025, YTN Radio's 'Kim Young-soo's The Interview' featured an in-depth discussion on the recently announced October 15th real estate measures and the changes in President Lee's approval ratings. In particular, the interview presented an analysis of the public opinion survey results on the October 15th real estate measures, along with the impact of young people's discontent on approval ratings. Kim Bong-shin, Vice President of Metavoice, provided a detailed introduction to the public opinion survey results on the October 15th real estate measures during the interview. According to the survey, 44% of respondents said 'these measures are not appropriate,' while 37% said 'they are appropriate.' Vice President Kim analyzed that these results reflect the public's dissatisfaction with the real estate market. In particular, criticism has been raised that the measures fail to meet the expectations of the younger generation for 'homeownership,' which is leading to a decline in President Lee's approval ratings. Yoon Hee-woong, CEO of Opinions, focused on the reactions of those in their 30s. He stated that 57% of respondents in their 30s rated the October 15th real estate measures as 'inappropriate.' CEO Yoon explained that this result means that the measures have disappointed those in their 30s, the generation that most desperately wants 'homeownership.' He analyzed that "those in their 30s experienced the failures of previous real estate policies and had high expectations for new policies, but the October 15th measures also failed to meet their expectations." This disappointment of the younger generation appears to be one of the main reasons for the decline in President Lee's approval ratings. As real estate issues are sensitive to public sentiment, there are calls for the government to recognize the seriousness of the situation and re-examine its policy direction. Meanwhile, fierce debate is unfolding in the political arena regarding the real estate measures. On October 28, 2025, Song Eon-seok, floor leader of the People Power Party, strongly criticized the 'non-partisan week' proposed by Democratic Party leader Jung Chung-rae during the APEC period. Floor Leader Song defined Leader Jung's proposal as 'a demand for silence to cover up the real estate disaster,' and argued that it was an attempt to suppress voices criticizing the government's real estate policy failures. Kim Do-eup, chairman of the Policy Committee, also retorted to Leader Jung Chung-rae's mention of 'non-partisan week,' saying, 'Do you have any shame?' continuing the criticism of the government's real estate policy. The opposition party maintains that the government's real estate policy failures are clear and that attempts to evade responsibility cannot be tolerated. As such, the government's real estate policy has emerged as a major point of contention in the political arena, acting as a factor that deepens conflict between the ruling and opposition parties. In particular, the People Power Party is focusing on highlighting the government's real estate policy failures and raising the issue of judging the current administration. In response, the Democratic Party is emphasizing the need to promote policies to stabilize the real estate market in the face of the opposition party's offensive. However, the opposition party criticizes that the government's policies are actually destabilizing the real estate market and aggravating public discontent. It is feared that this political conflict will ultimately add to the confusion of the public and weaken the government's policy 추진력을. There is a growing voice that the government should seek reasonable solutions through dialogue between the ruling and opposition parties and promote policies for real estate market stabilization and public housing security. In particular, there is an increasing demand to ease the dissatisfaction of the younger generation and re-examine the policy direction to realize the dream of 'homeownership.' The government must listen to these demands, increase the effectiveness of real estate policies, and restore public trust. In conclusion, it is argued that negative public opinion about the October 15th real estate measures and the dissatisfaction of the younger generation are affecting the decline in President Lee's approval ratings. It has been suggested that the government should seriously recognize this situation and re-examine the direction of its real estate policy. In addition, the political arena should seek reasonable solutions for public housing security and real estate market stability, rather than using real estate issues as a tool for political struggle.