Kim Hyun-mi "Limitations in Curbing Real Estate Rise Due to Global Excess Liquidity"
Minister of Land, Infrastructure and Transport Kim Hyun-mi is attending the government-wide economic sector questioning session held at the National Assembly on the 23rd, responding to questions from lawmakers. Photo by Yoon Dong-ju doso7@
View original image[Asia Economy Reporter Lim Chun-han] Kim Hyun-mi, Minister of Land, Infrastructure and Transport, stated on the 23rd regarding the surge in real estate prices, "Globally, excessive liquidity is being supplied and the lowest interest rate situation continues, making it difficult to curb the rising phase of (real estate) prices."
Minister Kim said this in response to a question from Seo Byung-soo, a member of the Future United Party, during the economic sector government questioning session held at the National Assembly in the afternoon.
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Regarding the criticism that "real estate prices rise whenever a left-wing government takes office," Minister Kim stated, "Real estate policies inherently have a time lag before their results become apparent."
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