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South Korea's president invokes Japan's property collapse to warn against real-estate concentration

7/24/2026

Asset concentration means a country's households are holding too much of their wealth in one category of investment.

South Korea's president, Lee, says that category is real estate, and he pointed to Japan to show what happens when the bet goes wrong.

Lee described Japan's housing market as having "burst like a balloon," and called his own country's investment in property excessive.

What Lee actually said The argument attributed to Lee is straightforward: South Korea has put too many eggs in the property basket.