Kim Ki-hyun "Even drawing lots to find a rental house... Dismiss Hong Nam-ki and Kim Hyun-mi"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Kim Ki-hyun, a member of the People Power Party, criticized the current jeonse (long-term lease) crisis as a "shocking situation where people have to draw lots just to find a jeonse house" and raised his voice demanding that President Moon Jae-in dismiss Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, and Kim Hyun-mi, Minister of Land, Infrastructure and Transport.

On the 15th, Kim appeared on YTN Radio's 'Hwang Bo-seon's Start of a New Morning' and said, "Due to policy mistakes, house prices are soaring uncontrollably, and jeonse is completely depleted, leading to the shocking situation where people have to draw lots to find a jeonse house."

He criticized, "The president has not issued a single public apology regarding this serious situation, and neither Deputy Prime Minister Hong nor Minister Kim have apologized. Rather, these officials are claiming that 'the effects of housing stability are beginning to appear.'"

Kim stated, "President Moon should dismiss Deputy Prime Minister Hong and Minister Kim," and pointed out, "The people are suffering tremendously due to policy failures, and if those responsible do not take accountability, how can responsible politics be practiced?"

He also pointed out faults within the ruling party. Kim said, "There was a problem with the ruling party unilaterally passing the real estate contract law as if it were a military operation," adding, "The ruling party should also issue a public apology, and now is the time to sit down with the opposition to reconsider politics anew and thoroughly."

As measures to stabilize housing prices, he suggested expanding supply and easing tax policies. Kim explained, "We need to implement market economy policies that properly balance supply and demand. During the Lee Myung-bak administration, the 'proximity of residence and workplace' policy activated reconstruction and redevelopment in urban areas, and by developing idle land in nearby outskirts to supply rental housing cheaply, housing prices actually decreased."

He continued, "At the same time, the real estate transaction market has completely frozen at this point. Even temporarily, taxes related to transactions such as capital gains tax and acquisition tax should be eased to revitalize the market, and bold loans should be allowed for low-income people, the homeless, youth, newlyweds, and those early in their careers."

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