Hong Jun-pyo "6·17 Real Estate Measures... Feels Like They Think This Is North Korea"

Hong Joon-pyo, Independent Member of Parliament / Photo by Yonhap News

[Asia Economy Intern Reporter Seulgi Kim] Independent lawmaker Hong Joon-pyo strongly criticized the government's June 17 real estate measures, saying, "It seems like they think this is North Korea."

On the 18th, Hong posted on his Facebook, stating, "Seeing that they are determined to push through the housing transaction permit system, which is a fundamental infringement on the freedom of residence relocation," he made this remark.

Hong raised his voice, saying, "As the opposition parties line up to propose bills to ease real estate regulations, the Moon administration, in its 21st move, instead announced measures to strengthen real estate controls. It shows that reviving the economy was doomed from the start."

He also pointed out, "There was a time when Minister of Justice Choo Mi-ae advocated for Chinese-style land nationalization. At this point, they might as well announce housing nationalization measures. The country is going backward."

Earlier, on the 17th, the government announced the 'Management Plan for Housing Market Stabilization' jointly with related ministries at the Seoul Government Complex.

This plan includes designating Gyeonggi, Incheon, Daejeon, and Cheongju?areas showing signs of overheating housing prices?as additional regulated areas and speculative overheating districts starting from the 19th to eradicate the recent balloon effect in the real estate market.

Additionally, to block gap investments, if a non-homeowner takes out a mortgage loan to purchase a house in a regulated area, they must move in within six months regardless of the housing price. Also, if purchasing an apartment exceeding 300 million won in speculative or speculative overheating districts, jeonse (long-term deposit lease) loans will be restricted.

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