Joo Ho-young: "Moon Administration, Truly a Bad Regime"... Holds Real Estate and Livelihood Policy Meeting

Lee Jong-bae "Will Seek Measures Through Real Estate Legislation"

Joo Ho-young, floor leader of the People Power Party, is delivering a greeting at the "Real Estate Policy, Listening to Voices from the Field" public livelihood political meeting held at the National Assembly on the 25th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Lim Chun-han] Joo Ho-young, floor leader of the People Power Party, criticized the Moon Jae-in administration's real estate policy on the 25th, saying, "If I were to sum up the Moon Jae-in administration in one word, it was a truly bad administration," and added, "Real estate issues are very important matters inseparable from the lives of the people, but there seems to be no will to establish and implement proper policies, only fostering conflicts between landlords and tenants."

At the 'People Power Party Livelihood Policy Meeting ? Listening to Voices from the Field on Real Estate Policy' held at the National Assembly that afternoon, Floor Leader Joo said, "There is no hesitation in sowing discord and inciting fights among the people during policy implementation," and "It appears that this is being exploited to rally the support base."

Floor Leader Joo pointed out, "The real estate market is currently in chaos. During the four years of the Moon Jae-in administration, apartment prices in Seoul reportedly rose by as much as 50%, which is 4.5 times higher than during the Lee Myung-bak and Park Geun-hye administrations," and added, "Even though the people do not want it, housing prices have skyrocketed, and with the imposition of the comprehensive real estate tax bomb, people are exclaiming that it feels more like a fine than a tax."

Lee Jong-bae, chairman of the People Power Party Policy Committee, stated, "Because misguided ideological policies are being applied to the real estate market, policies disconnected from the market are emerging, distorting the market and dividing the people," and "We will take the lead in addressing the difficulties related to real estate faced by the people through legislation."

Chairman Lee said, "Those who own homes find it difficult to hold onto them due to the tax bomb, and because of the heavy taxes, some are forced to put their homes on the market and move to remote rural areas," and "Those who do not own homes have become rental refugees due to the lack of supply."

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