South Korean President Moon Jae-in. - AFP
SEOUL (Reuters): South Korean President Moon Jae-in on Monday (March 29) 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% in July, two days before a 5% cap on rent increases took effect as part of government efforts to protect tenants from unreasonable hikes.
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