LH President Byeon Chang-heum: "Lease Law Unavoidable... We Must Not Exacerbate Problems but Gather Wisdom"

Moon Jae-in Government's Housing Policy Rated "Above Average"
Evaluated Better Than During Lee Myung-bak and Park Geun-hye Administrations

Byun Chang-hoom, President of Korea Land and Housing Corporation, is responding to questions at the National Assembly Land, Infrastructure and Transport Committee plenary session on the 3rd. (Photo by Yonhap News)

[Asia Economy Reporter Moon Jiwon] Byun Changhoom, President of Korea Land and Housing Corporation (LH), stated on the 3rd that the Moon Jae-in administration's real estate policy is rated above moderate. Regarding the 'Three Lease Laws' promoted by the ruling party and government, he emphasized that it is time to gather wisdom rather than exacerbate the problems.

Byun attended the Ministry of Land, Infrastructure and Transport's affiliated agency briefing at the National Assembly Land, Infrastructure and Transport Committee on the same day and responded to a question from Song Seokjun, a member of the Future United Party, asking "Among the Lee Myung-bak, Park Geun-hye, and Moon Jae-in administrations, which one performed the best?" by saying, "(I) think the Moon Jae-in administration did the best."

When asked, "Which administration among the past governments performed the best in housing policy?" he replied, "It is difficult to evaluate because conditions vary, such as periods of upswing and downturn," but still assessed that the Moon Jae-in administration's real estate policy "is above 'moderate'."

He added that the previous two administrations were "relatively easier periods."

Regarding the recently controversial Three Lease Laws, including the cap on rent increases and the right to request contract renewal, he defended, saying, "As someone who has studied real estate, I think it is unjust to make people move out every two years for the purpose of raising rent," and "It is right to allow people to live for a sufficient period."

He added, "There are unavoidable aspects due to price increases, and it is also inevitable from the perspective of housing welfare."

He then said, "Once this conflict period is overcome, people will be able to live stably for four years," and "Rather than exacerbating the problem, I think it is necessary to gather wisdom on how to defend against such issues."

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