Seoul: President Lee Jae Myung's approval rating rose to 56.5 percent last week, a survey showed Monday, driven by the government's efforts to stabilize the property market.

According to Yonhap News Agency, the rating was up 0.7 percentage point from the previous week, while the negative assessment fell 0.2 percentage point to 38.9 percent. The survey, conducted by Realmeter and commissioned by a local business news outlet, highlighted Lee's ongoing push to curb home prices by ending an exemption from the heavy capital gains tax for owners of multiple homes and the stock market's rise as key factors for the increase.

The survey was conducted on 1,009 adults from Monday to Friday last week and had a margin of error of plus or minus 2 percentage points, with a confidence level of 95 percent.

Earlier in the day, Lee continued his criticism of multiple-home ownership for investment purposes on his social media platform X. "It is clear that there are more negative effects than positive ones," he stated about owning multiple homes. "That is why the government needs to remove unfair preferential treatment in terms of tax, finance, and regulations," he added. Lee emphasized the need for owners to take social responsibility and contribute their fair share to alleviate social problems, aligning with what he described as common sense.

This statement is part of a recent series of social media posts by Lee on his views regarding the heated property market. He has consistently pledged to stabilize the housing market, arguing that rising home prices are placing heavy burdens on young people and discouraging marriage and childbirths.