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    "headline": "South Korea minister nominee says March 2024 Seoul apartment purchase was for residence, not profit",
    "dek": "Hong Ji-sun, South Korea's land minister nominee, said her 2024 Guro apartment purchase was for residence, not speculation, after a lawmaker called it excessive borrowing.",
    "prose": "Hong Ji-sun, South Korea's nominee for minister of land, infrastructure and transport, said in a statement on 2025-03-05 that she purchased an apartment in Guro-gu, Seoul, in March 2024 for the purpose of actual residence, not for capital gains, and that she chose the location after considering the commuting needs of herself and her spouse. [^1][^3][^7][^9]\n\nKim Eun-hye criticized Hong for hypocrisy, stating that the Yoon government's 'no debt-driven home purchases' policy contradicts the candidate's actions. [^2] Hoe Ji-hair purchased an 84.87-square-meter apartment in Shin-do-rim Town, Guro-gu, Seoul on 2024-03-16 for 1,005,000,000 Korean won, making a 100,000,000 won contract deposit the same day, a 200,000,1003 middle payment on 2024-04-16, and a 705,000,000 won final balance on 2024-05-26. [^4] Hong Ji-sun and her spouse financed 537,000,000 won, more than half of the purchase price, for this apartment dealing with their loan debt. [^5]\n\nKim Eun-hye, a lawmaker of the People Power Party, said through her office that the apartment purchase was a leveraged 'yeongkul' deal that contradicts the current government's real estate policy direction. [^6] Hong's spouse borrowed 170 million won from her mother-in-law on April 15, 2025, just one day before the apartment's down payment of 200 million won was due. [^8][^10] The total funds used for the purchase were 537 million won, which represents more than half of the 1.05 billion won purchase price. [^11]",
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