Won Hee-ryong: "Real Estate Transaction Analysis Institute is 'Economic Surveillance'... Infringement on Citizens' Property Rights"

"Real Estate Failure 'Blamed on the People'... Disagree"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] Won Hee-ryong, Governor of Jeju, stated on the 10th, "The government says it will create a Real Estate Transaction Analysis Agency, which is hard to find even worldwide, to supervise the real estate market," and added, "Immediately withdraw the Real Estate Transaction Analysis Agency that unfairly blames the public for real estate failures."

On the same day, Governor Won said on Facebook, "They are trying to attribute the causes of rapid house price increases and the jeonse crisis to illegal transactions by market participants," and emphasized, "The government's failure should not be shifted onto the market's failure."

Governor Won stated, "The Real Estate Transaction Analysis Agency is misleading people into thinking that catching illegal transactions will normalize the market," and added, "Illegal transactions should be investigated by the National Tax Service through tax audits and by the prosecution and police through investigations."

He also said, "The Real Estate Transaction Analysis Agency claims it will 'access individuals' financial and tax information.' This is an act of viewing real estate transactions themselves as potential crimes, infringing on citizens' basic rights and property rights, and is an anti-democratic behavior," and added, "The public cannot agree with the idea that another agency, neither the National Tax Service nor an investigative body, will indiscriminately look into individuals' financial information."

Governor Won concluded, "The Real Estate Transaction Analysis Agency is merely a product of all-encompassing control and government intervention aimed at covering up the government's incompetence through economic surveillance," and stated, "The Real Estate Transaction Analysis Agency, which shifts the government's failure in real estate policy onto the public, should be withdrawn without delay."

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