People Power Party "Government Measures Useless"... Express Frustration Over Moon Administration's Real Estate Policies

People Power Party's new spokesperson Yoon Hee-seok is giving an inaugural speech at the National Assembly Communication Hall in Yeouido, Seoul, on the afternoon of September 10. Photo by Yonhap News

[Asia Economy Reporter Nahana] On the 7th, the People Power Party criticized the government's real estate measures, expressing frustration by saying, "Following the rental housing crisis, even housing prices are fluctuating, but the government's measures are utterly ineffective."

Spokesperson Yoon Hee-seok raised his voice in a statement that day, saying, "So far, the government and the ruling party have set the stabilization of housing for ordinary citizens as the top priority and have announced dozens of real estate measures, but the results are like this. Expectations have been shattered, and the reality is cold."

He diagnosed, "This is because they ignored the market and applied incorrect ideology."

He continued, "Meanwhile, the ruling party even proposed an amendment to the Housing Lease Protection Act guaranteeing tenants a maximum residence period of six years. The Minister of Land, Infrastructure and Transport, who said 'I will observe the situation a bit more,' seems better in comparison," he sarcastically remarked.

Spokesperson Yoon also targeted and criticized Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki's remarks.

Earlier, Deputy Prime Minister Hong said about the rental housing measures, "If there were any outstanding measures, the government would have already implemented them." In response, Spokesperson Yoon pointed out, "'If there were any outstanding measures, the government would have already implemented them'?this is not just an ordinary person's words but those of the Deputy Prime Minister," adding, "It's so honest that it's sad and painful. I'm already scared that the new school term next year is approaching."

Spokesperson Yoon emphasized, "We need to fundamentally change our perception of the real estate problem," and "Therefore, proper measures must be presented. The public will not wait that long."

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