Kim Jong-in: "The Real Estate Crisis Is Due to Government Policy Failures... I Will Listen to the People's Voices at the Subscription Sites"

"Minnochoong Rally Pressed On... Is the Government Responding to COVID-19 Based on Political Gains?"
"Special Activity Funds Should Be Abolished Except for Investigation Purposes"

[Image source=Yonhap News]

[Asia Economy reporters Lee Ji-eun and Lim Chun-han] Kim Jong-in, the Emergency Committee Chairman of the People Power Party, stated that "the real estate crisis is a failure of government policy" and announced his intention to visit subscription sites to listen to the voices of the people. He also raised suspicions that the government might be selectively responding to COVID-19 based on political advantages and disadvantages.

On the 16th, at the People Power Party Emergency Committee meeting, Chairman Kim said, "The People Power Party will focus on normalizing the real estate market as an alternative force."

He added, "The People Power Party will unite efforts to remove the government's punitive taxes and other heavy-handed real estate regulations," and said, "The housing subscription system was originally a policy for non-homeowners and ordinary citizens, but recently it has been distorted into a means for life-changing opportunities. Today, I plan to assess the actual conditions at apartment subscription sites and listen to the voices of the people." Chairman Kim visited the Gwacheon Knowledge Information Center model house in Galhyeon-dong, Gwacheon City, Gyeonggi Province, for an on-site inspection that afternoon.

Chairman Kim criticized, saying, "Due to the real estate crisis spreading nationwide beyond Seoul and the metropolitan area, public sentiment on real estate has surpassed a critical threshold," and added, "There are criticisms in the same context that question whether we are dreaming of 'real estate socialism' as property rights and freedom of residence relocation are being infringed upon."

Chairman Kim also pointed out the recent spread of COVID-19, stating, "As the Korean Confederation of Trade Unions (Minnocho) forcibly held large-scale outdoor rallies over the weekend, public anxiety is increasing," and criticized, "Until now, the government has used COVID-19 prevention measures to completely block rallies critical of the current administration by raising what was called the 'Jaein Fortress,' and even referred to rally organizers as 'murderers.'"

He said, "It is impossible not to have doubts that the government is selectively responding to COVID-19 based on political advantages and disadvantages," and added, "If President Moon approaches COVID-19 prevention politically, it will provoke significant public resistance."

He also raised his voice that special activity funds (teukhwalbi) should be abolished except for investigative intelligence activities. He pointed out, "It has been confirmed that more than 1 billion won of special activity funds, which should have gone to the prosecution, flowed to the Ministry of Justice," and said, "Special activity funds are supposed to be used for confidential information and investigation expenses, but it has become undeniable that these funds have been used by someone as salary or petty cash."

He said, "The Moon administration and the ruling party accused special activity funds as deep-rooted evils and even said they would reduce them, but now it turns out that the funds were just renamed, and a budget of about 1 trillion won has been allocated for next year, increasing the amount," and added, "It is right to abolish special activity funds except for investigative intelligence activities."

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