People's Solidarity for Participatory Democracy "12 Lawmakers Overseeing Housing and Real Estate Are Multiple Homeowners... Should Be Excluded from Duties"

"One Month After National Assembly Land and Transport Committee and Strategy and Finance Committee Urged Multi-Home Lawmakers to Sell Houses, Only 4 Out of 16 Have Sold"

Status of Multi-Homeowner Lawmakers Belonging to the National Assembly's Land, Infrastructure and Transport Committee and the Strategy and Finance Committee

[Asia Economy Reporter Onyu Lim] It has been revealed that 12 out of 56 lawmakers overseeing housing and real estate policies in the National Assembly are multiple homeowners.

The civic group People's Solidarity for Participatory Democracy announced on the 20th, "It has been a month since the '#Sell all except one house for high-ranking officials' campaign started, but among the 16 multiple-homeowner members (out of 56) belonging to the National Assembly's Planning and Finance Committee and Land, Infrastructure and Transport Committee, only four lawmakers?Jung Sung-ho, Cho Oh-seop, Yoon Hee-sook, and Seo Il-jun?have disposed of their houses, while the remaining 12 have shown no changes in their housing ownership status."

Among the 12 who have not disposed of multiple homes, eight are members of the United Future Party: Park Deok-heum, Kim Tae-heum, Song Eon-seok, Yoo Kyung-jun, Lee Heon-seung, Jung Dong-man, Ryu Seong-geol, and Park Hyung-soo. The other four are members of the Democratic Party of Korea: Kim Joo-young, Kim Hoe-jae, Yang Hyang-ja, and Park Sang-hyuk. However, it was reported that Kim Joo-young and Kim Hoe-jae each put up an officetel and an apartment for sale, respectively, but the sales were not completed.

People's Solidarity for Participatory Democracy criticized, "The ruling Democratic Party of Korea pledged during the last general election that multiple homeowners would dispose of their additional homes within two years and stated that they would take measures to ensure the promise is fulfilled promptly as a model, but no action has been taken against multiple-homeowner lawmakers in the Land, Infrastructure and Transport Committee and the Planning and Finance Committee."

They further urged that high-ranking officials and lawmakers who refuse to comply with the recommendation to dispose of multiple homes should be excluded from the legislative process and work related to housing and real estate policies. The group demanded, “Speaker of the National Assembly Park Byeong-seok, Democratic Party floor leader Kim Tae-nyeon, and United Future Party floor leader Joo Ho-young should take personnel measures to replace multiple-homeowner members of the Planning and Finance Committee and Land, Infrastructure and Transport Committee before the September regular session to prevent conflicts of interest, enhance public trust in legislative policies, and ensure fair parliamentary activities.”

They also called on Minister of Land, Infrastructure and Transport Kim Hyun-mi and Deputy Prime Minister Hong Nam-ki to exclude senior officials at grade 3 or higher in the Ministry of Land, Infrastructure and Transport and the Ministry of Economy and Finance, who are responsible for housing and real estate policies, from decision-making duties related to housing and real estate policies to restore public trust in government policies.

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