Kim Jong-in "Full Post-Construction Sale System to Be Official Party Policy"... Joo Ho-young "Cannot Participate in Previous Special Committee"

[Image source=Yonhap News]

[Asia Economy Reporters Lee Ji-eun and Lim Chun-han] Kim Jong-in, Emergency Committee Chairman of the United Future Party, announced that the post-construction sale system, proposed as a measure to eradicate real estate speculation, will be promoted as the party's official stance. Joo Ho-young, the floor leader, stated that they cannot attend the special committee on relocating the administrative capital proposed by the ruling party.

Chairman Kim said on the morning of the 23rd, after the Emergency Committee meeting held at the National Assembly main building, in response to a question about whether there is a plan to promote it as the party's official stance, "The post-construction sale system is often mentioned and then disappears, but I think we should seriously try the post-construction sale system once," expressing this view.

He explained, "With the post-construction sale system, housing developers have no choice but to price the houses at an appropriate level," adding, "Currently, the pre-sale system creates conditions that can encourage speculation through the sale of pre-sale rights, and we want to eliminate such harmful effects."

Chairman Kim said, "In the past, we started the pre-sale system because we lacked savings and needed investment funds for economic growth, so we couldn't allocate funds to housing," and added, "Now the economy has grown considerably, financial institutions are overflowing with money, and there is almost no demand for funds in general manufacturing."

Regarding the relocation of the administrative capital, Chairman Kim said, "There are even talks about moving the capital because of real estate, but already the so-called polarization between Sejong City and non-Sejong areas is intensifying," and questioned, "If the administrative capital moves to Sejong City and real estate speculation overheats, what will we do next?"

[Image source=Yonhap News]

Lawmakers from the Chungcheong region within the party seem to be positively considering the relocation of the administrative capital. In response, Chairman Kim said, "That is an individual opinion, but fundamentally, there must be grounds for what is necessary to move the capital," adding, "If it comes to Chungcheong, it is not because it might be advantageous to me that I support it, but because a justification must be presented. The symbolic value of Seoul as the capital in the world also exists."

Chairman Kim criticized, "When the late President Roh Moo-hyun ran for office, as he said, he wanted to move the capital for some benefit, and that situation has become entrenched today," and added, "The current Deputy Prime Minister in charge of economic policy seems to have little understanding of housing policy."

Floor Leader Joo responded to the request from Kim Tae-nyeon, floor leader of the Democratic Party of Korea, to attend the special committee on relocating the administrative capital, saying, "The Democratic Party suddenly and insincerely raised this issue to shift the frame because of problems such as the sexual harassment issue involving the late Mayor Park Won-soon of Seoul, skyrocketing housing prices in the metropolitan area, and the water insect problem in Incheon," and said, "We cannot respond to that."

Regarding the possibility of a Sejong branch of the National Assembly, he said, "Such content is included in the Chungcheong region election pledges, and the size of the branch is important," adding, "Cutting the National Assembly in half requires much discussion, but it is possible to open standing committees."

Regarding whether Ahn Cheol-soo, leader of the People's Party, can run as a candidate for Seoul mayor, he said, "It is not appropriate because we belong to different parties," but added, "He strongly criticizes the Moon administration, so in that sense, we share the same intentions, and if the Democratic Party uses tricks to nominate candidates, we can join forces to block that."

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