"Sell Multiple Homes" Was Told... Public Institution Heads Owning Two Houses Each in Gangnam-gu and Songpa-gu

On the 5th, Songpa-gu apartments are being observed from the Lotte World Tower observatory in Songpa-gu, Seoul, where apartment prices and jeonse prices continue to rise without turning downward. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Lee Ji-eun] While the government is actively trying to curb real estate prices by encouraging high-ranking public officials with multiple homes to dispose of their properties, it has been revealed that a significant number of heads of the Economic, Humanities and Social Research Council under the Prime Minister's Office and its affiliated institutions own multiple homes.

According to data submitted by the Economic, Humanities and Social Research Council on the 6th to Yoo Ui-dong, a member of the People Power Party, Na Young-seon, the president of the Korea Research Institute for Vocational Education and Training, was found to own three houses, the highest number among the heads of the Economic, Humanities and Social Research Council and its 26 affiliated institutions.

Additionally, among the Economic, Humanities and Social Research Council and its 26 affiliated institutions, six heads of institutions?including the Korea Research Institute for Vocational Education and Training, Korea Development Institute (KDI), Korea Youth Policy Institute, Korea Maritime Institute, Korea Information Society Development Institute, and Korea Labor Institute?owned two or more houses.

Na, who owns the most houses, was found to have two properties in Gangnam-gu alone. Choi Jung-pyo, the president of the Korea Development Institute (KDI), which serves as the government's economic policy think tank, was also found to own two houses in Songpa-gu. Jang Young-tae, president of the Korea Maritime Institute, also owns two houses in Gangnam-gu.

Furthermore, among the Economic, Humanities and Social Research Council and its 26 affiliated research institutions, about 45%, or 12 institution heads, own homes in the three Gangnam districts, and more than 65%, or 17 institution heads, own homes in the Seoul metropolitan area.

Representative Yoo said, "The recent overheating of housing prices stems from the side effects of reckless policies hastily implemented by the current government, which is obsessed with controlling housing prices in Seoul," adding, "Just by looking at the cases of heads of government-supported research institutions who back these policies, it is questionable how much the public can trust the government's real estate policies."

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