"Hotel Jeonse Announcement? Ha Tae-kyung Criticizes Jeonse Policy, Questions If Hong Nam-ki Intends to Move In First"

'Jeonse Crisis' Causes... Calls for Repeal of the 'Lease 3 Acts'

Ha Tae-kyung, People Power Party member. / Photo by Yonhap News

[Asia Economy Reporter Kim Suwan] After the government announced a real estate measure to convert hotels in downtown Seoul into rental housing for jeonse and monthly rent as a countermeasure against the jeonse crisis, Ha Tae-kyung, a member of the People Power Party, criticized it as "a cruel hope that is far from sufficient to solve the jeonse crisis."

On the 19th, Ha posted on his Facebook, "The government disguised hotels, which are criticized by the public as jeonse houses, as lodging business jeonse houses and announced it as is," and pointed out, "When there is resistance, they should listen and take a breather, but instead, the pattern of insisting they are not wrong keeps repeating."

Ha said, "Furthermore, Minister of Land, Infrastructure and Transport Kim Hyun-mi said yesterday that the hotel jeonse and monthly rent response is good, which is completely opposite to the public perception," and asked, "If so, I want to ask Deputy Prime Minister for Economy Hong Nam-ki, who is struggling because of jeonse houses, whether he is willing to move into a hotel jeonse house first."

He continued, "The government has poured out various measures by gathering every ounce of effort, but most of them are nothing more than cruel hope that is far from sufficient to solve the current jeonse crisis," and criticized, "It is absurd that they are only now planning to release rental housing that has been vacant for more than three months as if it were a great favor."

He also repeatedly criticized, "They said they would supply modular (prefabricated) houses to young people using the latest construction methods, but rather than that, offering camping cars would be more convincing."

Ha argued that the reason for the failure of the government’s measures is due to a fundamentally wrong diagnosis. He said, "The reason it has become such a mess is because the fundamental diagnosis is wrong," and added, "In this announcement as well, they are self-congratulating that the lease renewal rate has increased compared to before regarding the Lease Protection Act, which is the cause of the sharp rise in jeonse prices. It is unbelievable that they boast instead of sincerely apologizing to the people who are struggling to find jeonse houses due to the Lease Protection Act."

He also said, "They are hiding the reality that even those who renewed their contracts now will suffer from a tremendous increase in jeonse prices after two years," and emphasized, "The current confusion can only be reduced by fundamentally changing the government’s wrong real estate policies, including the Lease Protection Act."

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