Oh Shin-hwan "1.17 Billion Won for Marriage and Childbirth in Seoul? Is It Na Kyung-won or Na Kyung-young?"

Na Kyung-won, People Power Party Seoul mayoral primary candidate. / Photo by Dongju Yoon doso7@

[Asia Economy Reporter Choi Eun-young] Oh Shin-hwan, a preliminary candidate from the People Power Party running in the April 7 Seoul mayoral by-election, criticized his rival from the same party, Na Kyung-won, who promised a subsidy benefit of 117 million won for newlyweds, by saying, "Is it Na Kyung-won or Na Kyung-young?"

On the 6th, Oh issued a statement saying, "Candidate Na Kyung-won made an absurd pledge," adding, "She says she will cut property tax, comprehensive real estate tax, and capital gains tax while simultaneously providing 117 million won to newlyweds who get married and have their first child. While measures to address low birth rates are good, claims should be realistic and consistent."

Osinhwan, the preliminary candidate of the People Power Party running for the Seoul mayoral by-election [Image source=Yonhap News]

He continued, "Cutting taxes and increasing expenditures. Even a rough calculation shows that the budget required would easily exceed 5 trillion won. How does she plan to secure this budget?" he asked, criticizing, "If conservative politics wavers between hardline conservatism and populism, there will truly be no solution."

He also said, "I respectfully request candidate Na to refrain from making unrealistic and absurd pledges."

Earlier, on the 5th, candidate Na held a press conference on real estate measures at the National Assembly and announced, "If you get married, you will receive 45.99 million won, and if you have a baby, an additional 45 million won, meaning that if you marry and have a child after becoming independent in Seoul, you can enjoy a total subsidy benefit of 117 million won."

She also said she would raise the standard for high-priced housing from the current 900 million won to 1.2 billion won and halve the property tax for single households with one house valued at 1.2 billion won or less based on the official assessed price.

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