[Summary] "Rising" vs "Stabilization" Moon Administration's 'Real Estate Policy' Ruling Party, Different Opinions Among Leading Candidates

Candidates for the Democratic Party of Korea's party leader posed before appearing on the program "Sisa Jaki Jeong Gwan-yong Imnida" at CBS Broadcasting Station in Yangcheon-gu, Seoul, on the afternoon of the 18th. From left: former lawmaker Kim Boo-kyum, Park Joo-min, and lawmaker Lee Nak-yeon. / Photo by Yonhap News

[Asia Economy Reporter Han Seung-gon, Intern Reporter Kim Seul-gi] Candidates for the leader of the Democratic Party of Korea show differing views regarding the Moon Jae-in administration's real estate policies. Representative Park Ju-min and former Representative Kim Bu-gyeom argue that real estate prices have risen during the Moon Jae-in administration, while Representative Lee Nak-yeon analyzes that real estate prices are entering a stabilization phase.

On the 27th, in an interview with MBC Radio's 'Kim Jong-bae's Focused View,' Representative Park responded to the question, "There is debate about whether prices rose during the Moon Jae-in administration or rose significantly during the previous administration. How do you perceive the situation?" by saying, "It is true that (real estate) prices have risen," but also added, "Real estate prices are rising globally right now."

Representative Park explained, "Some scholars have announced that our country's real estate market experiences Juglar cycles, 10-year cyclical waves, and that our government is currently on the upward curve of that cycle."

The Juglar cycle is a theory proposed by French economist Cl?ment Juglar, describing a phenomenon where economic boom, recession, and bankruptcy repeat in three stages over an 8 to 10-year cycle.

Representative Park's remarks align with those of former Representative Kim from the previous day.

The day before, former Representative Kim stated on the same radio program, "It is a reality supported by data that real estate prices have risen significantly since our government took office, so there is no need to keep debating or fighting over it," adding, "To the public, it seems like a trivial argument."

Former Representative Kim pointed out, "If you sample a few brokerage offices in Gangnam, the results are clear, so there is no need for a long debate," and warned, "If the government does not show a will to solve the problem, it could lead to a big failure."

On the other hand, Representative Lee, in an interview with KBS Radio's 'Kim Kyung-rae's Strong Current Affairs' the previous day, supported the Moon administration's real estate policy by stating, "It can be clearly confirmed that the upward trend (in housing prices) has slowed down. It is heading toward stabilization."

However, Representative Lee also criticized part of the real estate policy, saying, "There have been significant institutional changes regarding the jeonse and monthly rent system, which have caused some side effects. We need to look into this carefully and work to stabilize it."

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