Yoon Hee-sook: "Hong Nam-ki Apologized for Inadequate Real Estate Policy... Hopeful for Meaningful Policy Revisions"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Yoon Hee-sook, a member of the People Power Party, emphasized that it would be fortunate if meaningful policy revisions are made, referring to Hong Nam-ki, the Deputy Prime Minister for Economy, apologizing the day before for the instability in the real estate market.

On the 11th, Yoon said on Facebook, "When an apology is made for policy shortcomings, policy revisions usually follow."

The day before, Deputy Prime Minister Hong appeared on KBS Sunday Diagnosis, apologized for the instability in the real estate market, and hinted at market stabilization through the release of multi-homeowner properties.

Yoon said, "Since public sentiment on real estate has become a pressing issue during the election season, there is much speculation that the government and ruling party are considering easing capital gains tax," adding, "It seems the government, which ignores public opinion, fears not public anxiety or market disruption but only electoral districts, but still, it would be a great relief if meaningful policy revisions are made."

He also pointed out that a civic group official who had previously dismissed his criticism of the Lease Protection Act is now stepping forward to criticize the law. Yoon said, "I was surprised to see a column written by the head of a civic group who had defended the Moon administration's real estate policy while criticizing it this morning in conservative media," adding, "The same person who called my criticism of the Lease Protection Act 'nonsense' and defended the law at the time of its passage is now criticizing it."

This appears to refer to Kim Heon-dong, head of the Citizens' Coalition for Economic Justice, who had previously rebutted Yoon's '5-minute real estate speech' as nonsense. Yoon said, "When reversing statements made as a public figure, there should be reflection that previously one focused on certain aspects and missed others," adding, "I feel regretful because this awareness of historical responsibility seems to be lacking among so-called 'speakers.'"

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