Kim Hyun-mi: "If Real Estate Is Left Solely to the Market, It Will Cause Tremendous Chaos"

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-joo doso7@

[Asia Economy Reporter Lim Chun-han] Kim Hyun-mi, Minister of Land, Infrastructure and Transport, stated on the 23rd regarding real estate policy, "In the current global environment of ultra-low interest rates and abundant liquidity, doing nothing and leaving the market alone would cause tremendous chaos."

Minister Kim made this remark during the economic sector questioning session at the National Assembly in the afternoon, responding to Ryu Seong-gil, a member of the Future United Party, who pointed out, "If no policy had been implemented, the housing prices might not have surged like this."

Minister Kim said, "The ultimate goal of housing policy is to achieve residential stability for the people through stabilizing the housing market and expanding housing welfare," adding, "Although there are shortcomings on the way to that goal, significant progress is being made in terms of housing welfare."

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