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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 on rent increases took effect as part of government efforts to protect tenants from unreasonable hikes.
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