[Breaking] Hong Nam-ki: "Real Estate Measures Legislation Will Deliver a Strong Shock to the Market"
[Asia Economy Reporter Kim Ga-yeon] Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, anticipated on the 28th that the real estate policy legislation could cause a shock to the market.
Deputy Prime Minister Hong attended the plenary session of the National Assembly's Planning and Finance Committee on the same day and said, "Issues such as floor area ratio and height restrictions, as well as various efforts to discover new residential sites, are being discussed together within the government."
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He added, "Although it has not been announced externally, continuous meetings are being held with related agencies, and supply measures to be presented to the public are almost finalized," explaining, "Since supply measures can cause various shocks to the market, it is difficult to discuss the details."
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