[Image source=Yonhap News]

[Image source=Yonhap News]

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[Asia Economy Reporter Lim Chun-han] On the 17th, the People’s Party stated, “Yesterday on MBC's 100-Minute Debate, the remark by Jin Seong-jun, a key policy expert of the ruling party and member of the Democratic Party of Korea, that 'real estate prices still do not fall' is perfectly normal and even somewhat human.”


Hong Kyung-hee, the senior deputy spokesperson of the People’s Party, said in a commentary that day, “Persisting with ineffective real estate policies and the president’s hollow speech of ‘no longer allowing people to make money through real estate speculation’ can be considered a better statement in comparison.”


Senior Deputy Spokesperson Hong said, “Milton Friedman described the behavior of being fixated only on short-term phenomena right before one’s eyes, unable to wait, and turning the shower knob back and forth between hot and cold water as ‘the fool in the shower room.’ I hope the ruling party in government reflects on whether this is how they are handling real estate policy.”



Senior Deputy Spokesperson Hong said, “To Representative Jin, it’s okay. You don’t have to refute it,” adding, “That is the reality.”


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