United Future Party: "Citizens Can't Invest in Housing, but North Korea Can... The Inter-Korean Exchange and Cooperation Act Must Be Repealed"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] The Future United Party has raised its voice demanding the immediate withdrawal of the 'Amendment to the Inter-Korean Exchange and Cooperation Act,' which would allow North Korean enterprises to invest in domestic real estate and stocks.

Kim Eun-hye, spokesperson for the United Party, pointed out in a statement on the 2nd, "The government has opened the way for North Korea to sweep up houses that our citizens cannot afford."

She criticized, "Is it now North Korea after the Chinese 'sweeping up of domestic apartments worth about 3 trillion won' was not enough? They said 'citizens who do not reside are speculators,' so has the government even prepared a plan for North Korean residents to actually live there?"

Spokesperson Kim said, "Not only does this violate the UN Security Council's North Korea sanctions resolutions that prohibit new joint ventures and financial transactions with North Korea, but it also makes us question the Moon Jae-in administration's national priorities," adding, "They said 'people first,' but it's 'North Korean people first.'"

He emphasized, "The government persistently crushes the citizens' 'dream of owning a home' and treats desperate young people who stretch themselves to the limit to buy homes ('Yeongkkeul' - borrowing to the soul to buy a house) as speculators. Now, the Moon Jae-in government, which wholeheartedly leads the realization of the 'Chinese Dream' and 'North Korean Dream,' what kind of government is this?"

He continued, "If this amendment is submitted to the National Assembly, the ruling party with its 180 seats will pass it without any effort, just like the previous forced passage," and said, "We will stop the government's idea that denies the people of the Republic of Korea with the power of the people."

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