Prime Minister Jeong: "High-ranking officials with multiple homes must sell them" (Comprehensive 1)

For Deputy Director Level and Above... Follow-up Actions to Begin Including Multi-Housing Status Assessment

Prime Minister Jeong Sye-kyun

[Asia Economy Reporter Kwangho Lee] Prime Minister Chung Sye-kyun sharply criticized on the 8th, saying, "High-ranking public officials who own multiple houses should take measures to sell them as soon as possible."

Although the government is implementing strong regulatory policies targeting speculative homeowners such as multiple homeowners, he pointed out that public resentment is growing because a considerable number of high-ranking public officials actually own several houses. High-ranking public officials refer to those at level 2 (director level) or above.

On the day, while presiding over the Central Disaster and Safety Countermeasures Headquarters (CDSCH) meeting for COVID-19 response held at the Government Seoul Office Building, Prime Minister Chung said, "Recently, public opinion has not been favorable due to real estate issues, and the government is struggling to come up with measures, but if high-ranking public officials own multiple houses, it will be difficult to gain the trust of the people regardless of the policies presented. All efforts may be in vain."

He instructed, "Each ministry, including local governments, should promptly identify the housing ownership status of high-ranking public officials and take measures to enable multiple homeowners to sell their properties as soon as possible."

He added, "This is not a situation that will quickly pass with time," emphasizing, "It is a serious situation, and it is a time when high-ranking public officials need to set an example." Furthermore, he said, "In fact, I think that time has already passed."

Prime Minister Chung also urged once again, "The government must respond sensitively to whatever the people demand and provide answers accordingly," and said, "Let us share this understanding and prepare and be ready with the best policies from each standpoint."

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