Kim Sang-jo: "All Policy Measures Fully Activated on the Real Estate Menu"

Cheong Wa Dae Policy Chief's Interview on Kim Eo-jun's News Factory... "Government Will Not Back Down on Real Estate Stability"

[Asia Economy Reporter Ryu Jeong-min] Kim Sang-jo, Chief of Policy at the Blue House, stated in an interview with tbs radio's 'Kim Eo-jun's News Factory' on the 8th, "The core of the government's real estate policy is to put all institutional elements such as loan issues, tax issues, supply issues, and rental issues on the menu and decisively implement the necessary decisions when needed."

In particular, Kim emphasized, "The December 16th measures were part of that, and if necessary, we plan to fully activate all policy tools on the menu in the future as well." He made this statement while explaining President Moon Jae-in's remark on the 7th that "we will never lose the war against real estate speculation."

Kim said, "Policy tools are limited, and it is impossible to meet all policy goals, so ultimately choosing priorities is the core of policy. Stabilizing the real estate market is the top priority of the Moon Jae-in administration's economic policy. If necessary, we will mobilize all policy tools."

Sangjo Kim, Chief of Policy Office at the Blue House. Photo by Honam Moon munonam@

Kim said, "The President even used the phrase ‘war against real estate speculation,’ and the most important thing for stabilizing the real estate market is to stabilize the expectations of those in the market. The government will continuously send the message that it will not back down and will implement necessary policies." Kim explained that policies will be decisively implemented with pinpoint precision where needed.

Kim said, "For example, yesterday the Financial Services Commission Chairman also met with securities company presidents and made remarks. Until now, loan regulations mainly focused on loans for homebuyers, but yesterday the Chairman strongly raised issues regarding funding supplied to the construction industry. If necessary, we will do everything."

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