Kyeongsilryeon: "Government is the cause of rising house prices... Hong Nam-ki and Kim Hyun-mi should be dismissed"

[Image source=Yonhap News]

[Asia Economy Reporter Song Seung-yoon] The Citizens' Coalition for Economic Justice (CCEJ) evaluated the real estate measures announced by the government on the 17th as "turning the entire country into a speculative market due to the government's reckless construction development policies."

In a statement released that day, CCEJ stated, "The government caused the rise in housing prices."

They claimed that housing prices increased due to large-scale development projects promoted by the government, such as the May Yongsan Maintenance Depot site development, redevelopment regulation relaxation disguised as public redevelopment, Jamsil MICE complex development, Samseong-dong Yeongdong-daero complex development, and metropolitan transportation network projects like the Shinbundang Line.

CCEJ also pointed out, "Deputy Prime Minister Hong Nam-ki has stated that the fundamental cause, reckless development projects, will be carried out without disruption," adding, "This is no different from sending a signal that speculation is allowed because the housing price bubble will continue to be supported."

They continued, "Despite the fact that superficial patch-up measures cannot stop real estate speculation and soaring housing prices, policy officials who deceive the public with lies such as 'eradicating speculation, controlling housing prices, and protecting actual demand' must be held strictly accountable," and "they urged the immediate replacement of policy decision-makers including Deputy Prime Minister Hong Nam-ki, Policy Chief Kim Sang-jo, Minister of Land, Infrastructure and Transport Kim Hyun-mi, and Prime Minister Chung Sye-kyun, as well as the dismissal of related bureaucrats."

This content was produced with the assistance of AI translation services.