Jinseongjun "Strong Regret Over Distorted Report Saying 'House Prices Won't Fall'"

[Asia Economy Reporter Jeon Jinyoung] Jin Seongjun, a member of the Democratic Party of Korea, stated on the 17th, "I strongly regret that my remarks have been distorted and reported out of context from the discussion." On the 16th, Jin appeared on MBC's '100-Minute Debate' and made remarks that seemed to acknowledge the limitations of the government's real estate measures in stabilizing housing prices, which sparked controversy.

[Image source=Yonhap News]

In a press release issued that day, Jin said, "My remarks were not intended to imply that the government's measures are useless."

He explained, "My statement was a rebuttal against the perceptions and claims of the 'housing price decline advocates' who argue that 'falling housing prices are a bigger problem' and try to hinder the government's strong real estate policies. Kim Hyun-ah, a member of the United Future Party's Emergency Committee who appeared on the show, said, 'Housing prices falling would be too much of a burden on the national economy, so we can't just let it happen,' to which I responded, 'Even if you try, prices won't fall that much.'"

He added, "We must not block regulations on real estate speculation due to exaggerated concerns about 'housing price decline.' During the debate, I consistently argued for establishing the principle of 'one household, one home' based on the government's July 10 real estate measures."

Jin expressed deep regret over the distortion and reporting without confirming his true intentions, ignoring the context of his remarks, and added, "With a clear understanding that 'housing prices will not easily fall' and with extraordinary determination, I will make further efforts to curb real estate speculation and establish the principle of 'one household, one home' centered on actual demand."

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