Kim Jong-in: "Real Estate Can't Be Controlled with Taxes... Yoon's Position Should Be Decided by Moon" (Comprehensive)

Kim Jong-in, Emergency Committee Chairman of the United Future Party, attended the Supreme Council meeting held at the National Assembly on the 22nd. Before the meeting started, he pinned the 70th Anniversary Commemorative Badge of the Korean War on Ryu Yeon-gap, Director of the Commemorative Project Bureau of the Korean War Veterans Association (left), and Park Ok-seon, Head of the Jongno-gu Branch of the Seoul Chapter of the Korean War Veterans Association, and then gave a salute. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporters Lee Ji-eun and Lim Chun-han] Kim Jong-in, Emergency Committee Chairman of the United Future Party, recently criticized the government's June 17 real estate measures, stating, "Real estate can never be controlled through taxes." Regarding recent mentions within the ruling party about Prosecutor General Yoon Seok-yeol's resignation, he pointed out, "The decision on his position lies with President Moon Jae-in."

At the United Future Party Emergency Committee meeting held at the National Assembly on the 22nd, Chairman Kim said, "Speculation on apartment prices occurs because there is too much money and interest rates are too low, creating a psychological factor that asset values will rise."

He added, "It seems they think raising the comprehensive real estate tax and property tax can control apartment prices, but there have been many attempts in the past, and real estate can never be controlled by taxes," and criticized, "Given the current economic situation, I don't understand what measures they think can control real estate."

He continued, "Real estate landlords are exempt from comprehensive real estate tax and property tax," and added, "Even if landlords purchase apartments to increase property value, there are no sanctions, and this point needs to be corrected."

Regarding the calls for Prosecutor General Yoon's resignation, Chairman Kim said, "Prosecutor General Yoon was appointed by President Moon with absolute trust, and the decision on his position is solely up to the appointing authority, the President," adding, "President Moon should clearly express his confidence in Prosecutor General Yoon or take measures regarding him for the public to accept."

He said, "In politics, people openly say things like 'If it were me, I would resign,' and some talk as if the April 15 general election will decide Prosecutor General Yoon's position, which seems very contradictory and pitiful. I hope President Moon clarifies his stance."

On inter-Korean relations, he referred to the 'Panmunjom Axe Murder Incident,' stating, "Even in conflict situations, there are things that should and should not be done, but they committed a reckless act by blowing up the Kaesong Industrial Complex liaison office, which is our Republic of Korea's property, in broad daylight."

He said, "At that time, China and the Soviet Union also condemned the act, and when the crisis of an imminent war arose, then North Korean leader Kim Il-sung officially issued an apology statement. It is a serious problem how North Korea has been allowed to continue such arrogant behavior."

Chairman Kim said, "Since 2018, President Moon and North Korean State Affairs Commission Chairman Kim Jong-un have walked and held meetings at the Dorbodari Bridge in Panmunjom, seemingly discussing many things, but what was actually said?" He added, "The public is greatly skeptical about why there has been no counteraction despite North Korea's arrogant attitude, and I ask for a clear explanation."

He continued, "The inter-Korean relations, which were so proudly promoted until now, have completely failed with the liaison office explosion," and added, "An apology to the public and personnel measures for those involved in pursuing inter-Korean relations are absolutely necessary."

Meanwhile, Chairman Kim pointed out, "Peace is maintained when there is strength, not just by words," and said, "The division still continues, and North Korea constantly threatens and harasses the South, which is the reality." He stated, "The public may be concerned about the recent inter-Korean situation, but if we unite with consolidated strength and respond appropriately, we will sustain the current prosperity."

The United Future Party designated this week, marking the 70th anniversary of the Korean War and the 18th anniversary of the Second Battle of Yeonpyeong, as Security Commemoration Week. The background banner in the meeting room was also changed to "Protecting the country saved with our lives, firmly." Before the meeting, Chairman Kim pinned the 'Patriotic Hero Badge' made in Chilgok County, Gyeongbuk Province, on two male and female veterans who participated in the Korean War. All United Future Party lawmakers will wear this badge throughout the week.

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