Why housing is becoming a major political headache for South Korea’s Lee

South Korean President Lee Jae-Myung’s approval rating has fallen to a new low, with housing policy emerging as one of the key issues driving public dissatisfaction as he enters the second year of his five-year term.According to a Realmeter survey published on Monday and reported by Reuters, 63.3% of respondents said they disapproved of Lee’s performance, while only 33.8% approved.The pollster attributed the decline in support partly to dissatisfaction with housing policy and recent cabinet appointments.The approval rating slide comes as Lee faces growing pressure to address concerns over urban housing affordability and supply, issues that have previously posed major political challenges for liberal governments in South Korea.Housing becomes a political headacheLee has sought to curb property speculation through tougher measures targeting multiple-home owners and owners of expensive properties.