Kim Tae-nyeon "Lease Protection Act to be Passed Today... Stronger Measures Will Be Prepared if Necessary"

Kim Tae-nyeon, floor leader of the Democratic Party of Korea, is delivering opening remarks at the '1st Meeting of the Administrative Capital Completion Promotion Team' held at the National Assembly on the 27th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Wondara] Kim Taenyeon, the floor leader of the Democratic Party of Korea, said on the 30th that the Housing Lease Protection Act and the Commercial Building Lease Protection Act would be processed at the plenary session. Floor leader Kim predicted, "If necessary, stronger measures can be prepared."

At the policy coordination meeting held at the National Assembly on the morning of the same day, Floor leader Kim said, "We will promptly promote real estate legislation while complying with the National Assembly Act procedures," and "We will process the amendments to the Housing Lease Protection Act and the Commercial Building Lease Protection Act at today's plenary session."

He said, "The Housing Lease Protection Act is changing for the first time in 31 years since 1989, when the contract period changed from one year to two years," and added, "It will be a great help to the jeonse refugees who move every two years." The Housing Lease Protection Act to be discussed at the plenary session that day focuses on setting the jeonse contract to a two-year term with an additional two-year guarantee and prohibiting rent increases of more than 5% upon renewal.

Floor leader Kim emphasized, "The legislation prepared by the government and ruling party in the July National Assembly will include comprehensive measures and will have a definite effect on eradicating speculation and stabilizing the housing market," and added, "If necessary, stronger measures can also be prepared."

He also said, "The Democratic Party and the government are preparing sufficient supply measures," and added, "We are preparing sufficient supply measures for the homeless, including newlyweds, youth, and first-time homebuyers, and will announce them soon."

Regarding the United Future Party, which continues to boycott the standing committee, he said, "They are seeking to gain from the confusion in the real estate market," and urged, "Please fulfill your role as a responsible political party."

Cho Jeongsik, chairman of the Democratic Party's Policy Committee, also emphasized, "Calling it dictatorship or destruction of the rule of law is nothing but nonsense," and urged, "The United Future Party should stop outdated and old-fashioned politics that deceive the public and join forces."

Chairman Cho said, "The Democratic Party will fulfill the people's mandate to overcome the economic crisis, protect livelihoods, and carry out uninterrupted reforms," and added, "We will also make every effort at an early stage regarding the power agency reform plan announced by the party, government, and Blue House."

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