On the 19th, a petition was posted on the Blue House National Petition Board expressing the desire to provide affordable jeonse housing to Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki. Photo by Blue House National Petition post capture.

On the 19th, a petition was posted on the Blue House National Petition Board expressing the desire to provide affordable jeonse housing to Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki. Photo by Blue House National Petition post capture.

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[Asia Economy Reporter Kim Yeon-ju] A public petition has appeared offering to provide a lease at a price lower than the market rate to Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki, who has suffered from the jeonse housing shortage due to the Lease Protection Act.


On the 19th, a petition titled "I want to offer Deputy Prime Minister Hong Nam-ki, who is struggling with real estate issues, a newly built apartment in Jung-gu at a rent lower than the surrounding jeonse market price" was posted on the Blue House National Petition Board.


The petitioner, who identified themselves as the owner of an apartment in Seoul Station Central Xi in Jung-gu, Seoul, began by saying, "I cannot help but feel deep sorrow and regret that Deputy Prime Minister Hong, the head of the nation's economy, is being treated like the neighborhood fool due to the Mapo jeonse and the sale of the Uiwang house, which is unbefitting of his national stature."


They continued, "The current rapid rise in real estate prices is not only due to the failure of the three lease laws promoted by Deputy Prime Minister Hong Nam-ki but also due to the continuous shortage of apartment supply in Seoul, the slow progress of the 3rd new town development, the sharp increase in money supply caused by money printing, the abolition of rental business operators, the unprepared implementation of the price ceiling system for pre-sale... and many other complex issues combined," adding, "It is too harsh to blame Deputy Prime Minister Hong personally."


They went on, "As the head of the nation's economy, who spends every hour of every day trying to solve real estate economic problems for the people, I want to ease your worries even if only for a short time. I happen to have a property that can be vacated early next year, so after much thought late at night, I am making this offer," and added, "I kindly ask for Deputy Prime Minister Hong Nam-ki's positive response as soon as possible."


Furthermore, they said, "In the future, I hope you consider all citizens, not only those without homes but also homeowners, with generosity, so that no one suffers from real estate and tax issues and can focus solely on their livelihoods, and I ask for good policy considerations."


Deputy Prime Minister Hong is facing a situation where he must vacate his jeonse house in Mapo-gu, Seoul, in January next year, as the landlord has expressed an intention to move in after the contract expires.



Also, it is known that Deputy Prime Minister Hong recently sold his apartment in Uiwang, Gyeonggi Province, to a buyer intending to live there, but the existing tenant reneged on their promise to leave, putting the contract at risk of falling through.


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

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