Prime Minister Jeong: "Kim Hyun-mi Doing Her Best to Normalize Real Estate... Will Support Her"

"Real Estate: Prepare to Avoid Becoming Prey for Speculators"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] Prime Minister Chung Sye-kyun stated on the 23rd, “Currently, Minister of Land, Infrastructure and Transport Kim Hyun-mi is doing her best to normalize real estate issues by striving to balance supply and demand,” adding, “We want to support her so that she can do this well.”

Prime Minister Chung made these remarks during an economic sector interpellation session held at the National Assembly in the afternoon, in response to Future United Party lawmaker Yoon Young-seok’s question asking, “Do you have any intention to exercise the right to recommend the dismissal of Minister Kim?”

Prime Minister Chung said, “The government has prepared measures to curb (real estate) demand, and legislative support from the National Assembly is urgently needed,” emphasizing, “We ask the opposition party to also help ensure that real estate-related legislation is promptly enacted.”

He added, “We plan to implement various supply measures to effectively stabilize the real estate market,” and stated, “We intend to thoroughly prepare so that real estate no longer becomes prey for speculators.”

Regarding the Taereung Golf Course, one of the core plans in the Seoul housing supply strategy, Prime Minister Chung said, “The Taereung Golf Course is used more as a sports facility rather than fulfilling its original greenbelt function,” and explained, “Considering various difficult conditions, it is meaningful to publicly develop the Taereung Golf Course for those who truly need it, such as the homeless, youth, or newlyweds. Currently, relevant ministries and local governments are in consultation.”

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