People Party: "Jin Seong-jun on the 'One Household One Home' Bill... House Prices Won't Fall Even If You Do That"

"Are They Now Trying to Legally Restrict Private Property as Well?"

Ahn Cheol-soo, leader of the People’s Party, is attending the Supreme Council meeting held at the National Assembly on the 21st and delivering opening remarks. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Lim Chun-han] On the 22nd, the People’s Party criticized Jin Seong-jun, a member of the Democratic Party of Korea, for proposing a revision to the Basic Housing Act that explicitly states the principle of 'one household, one house ownership and residence' as a fundamental principle of current housing policy, saying, “Even if you do that, housing prices will not fall,” and called it “a ruthless trick to cover up the failure of real estate policy.”

In a statement on the same day, Ahn Hye-jin, spokesperson for the People’s Party, said, “The idea of using 'one household, one house' as a ‘means’ and legalizing it to control real estate prices infringes on the economic freedom of individuals and corporations guaranteed by Article 119, Paragraph 1 of the Constitution,” and added, “Are they now trying to restrict private property by law?”

Spokesperson Ahn pointed out, “I wonder if they will eventually say that all real estate should be reclaimed by the state to control housing prices and that food should be rationed to stabilize the economy.”

Spokesperson Ahn stated, “The government and the ruling party should quickly turn away from real estate policies that demonstrate the characteristics of an anti-market economy.”

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