{"id":25376,"date":"2021-04-04T20:35:42","date_gmt":"2021-04-04T20:35:42","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=25376"},"modified":"2021-04-04T20:35:42","modified_gmt":"2021-04-04T20:35:42","slug":"president-fires-aide-over-rent-hike","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike","title":{"rendered":"President fires aide over rent hike"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> South Korean President Moon Jae-in on Monday fired his top economic policy advisor for raising the rent on an apartment he owns in Seoul’s affluent Gangnam district amid public furore over skyrocketing home prices.<\/p>\n

Kim Sang-jo raised the rent by about 14 per cent in July, two days before a 5 per cent cap on rent increases took effect as part of government efforts to protect tenants from unreasonable hikes.<\/p>\n

“I am very sorry that I’ve disappointed the people at this grave time when we should be making all-out efforts to root out real estate speculation,” Kim told a briefing.<\/p>\n

Kim had served the president since Moon took office in May 2017, first as antitrust chief and then chief policy advisor.<\/p>\n

He was replaced with Lee Ho-seung, Moon’s senior economic secretary, Moon’s chief of staff told a briefing.<\/p>\n

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Home prices in Seoul have shot up more than 50 per cent since 2017, the fastest pace in the world, according to statistics site Numbeo.<\/p>\n

The uproar over housing affordability intensified earlier this month after employees of a state housing developer were accused of insider trading in land.<\/p>\n

The issue has taken a toll on Moon’s approval ratings, which hit record lows this month, and is hurting support for his Democratic Party ahead of a by-election next month to pick the mayors of the country’s two largest cities, Seoul and Busan.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: South Korean President Moon Jae-in on Monday fired his top economic policy advisor for raising the rent on an apartment he owns in Seoul’s affluent Gangnam district amid public furore over skyrocketing home prices. Kim Sang-jo raised the rent by about 14 per cent in July, two days before a 5 per cent cap […]<\/p>\n","protected":false},"author":84,"featured_media":25366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[8098,8099],"class_list":["post-25376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-moon-jae","tag-south-korea"],"yoast_head":"\nPresident fires aide over rent hike - kenya<\/title>\n<meta name=\"description\" content=\"South Korean President Moon Jae-in on Monday fired his top economic policy advisor for raising the rent on an apartment he owns\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President fires aide over rent hike\" \/>\n<meta property=\"og:description\" content=\"South Korean President Moon Jae-in on Monday fired his top economic policy advisor for raising the rent on an apartment he owns\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-04T20:35:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/president_fires_aide6069b3ef57827.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"844\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"President fires aide over rent hike\",\"datePublished\":\"2021-04-04T20:35:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike\"},\"wordCount\":237,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/04\/president_fires_aide6069b3ef57827.jpg\",\"keywords\":[\"Moon Jae\",\"South Korea\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/president-fires-aide-over-rent-hike\",\"name\":\"President fires aide over rent hike - 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