Lee Jae Myung's home finally sells

South Korean President Lee Jae Myung has completed the sale of his longtime home, five months after putting it on the market in February in a symbolic move meant to underscore his resolve to stabilize the housing market.

Local reports said Monday that Lee sold the apartment that he jointly owned with his wife in Bundang-gu, Seongnam, Gyeonggi Province.

According to property registry records, ownership was transferred Thursday, with the sale price recorded at 2.9 billion won ($1.96 million).

The ...