[2020 National Audit] Hong Nam-gi: "Consistent Implementation of Real Estate Policy Is More Important Than Modification"

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Kim Hyunjung] On the 22nd, Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, stated that it is more important to pursue 'consistent implementation' rather than making revisions to the government's real estate-related policies.

During the comprehensive audit of the National Assembly's Planning and Finance Committee on the same day, when Rep. Chu Kyung-ho of the People Power Party asked, "Is there no intention to revise real estate-related policies?" Hong replied, "I believe it is important to consistently pursue a series of policies." He further explained regarding the recent confusion in the lease market, "The sales market is stable, but I am aware of the instability in the jeonse market. We will devise various multifaceted measures to stabilize the jeonse market."

When Rep. Chu asked, "Does this contradict the position of Lee Nak-yeon, leader of the Democratic Party of Korea, who said there should be reflection on real estate?" Hong said, "We need to consider the intent of (Lee Nak-yeon’s) remarks." Rep. Chu then emphasized, "We need to reconsider (real estate-related policies) from the beginning."

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