People Power Party "Byun Chang-heum's First Work Report Increases Confusion... Real Estate 2·4 Measures Are for Election Purposes"

Announcement Made Without Legislative Preparations Completed

Kim Eun-hye, Member of the People Power Party [Image source=Yonhap News]

[Asia Economy Reporter Lee Hyun-joo] The People Power Party criticized the real estate 2·4 measures on the 23rd, calling them "election-oriented measures" announced without even preparing legislation.

Kim Eun-hye, spokesperson for the People Power Party, said in a statement that "Yesterday, the new Minister of Land, Infrastructure and Transport's first work report only increased confusion," adding, "They could not specify any timing or method for the 'Byun Chang-heum plan' which promises '320,000 housing units in Seoul and 830,000 nationwide supply.'

Spokesperson Kim said, "The president said to stake his fate on real estate stabilization, but due to many variables, they say they cannot set a goal," and added, "The 2·4 measures announced without legislative preparation can only be explained as election-oriented measures trying to cover up real estate mismanagement with rosy prospects."

He continued, "Forcing cash liquidation that infringes on citizens' property rights retroactively without amending the Urban and Residential Environment Improvement Act, and responding with 'The National Assembly must unconditionally follow government policies' is an insult to the legislature that makes one doubt the qualifications of a cabinet member," and criticized, "In front of citizens suffering from the unyielding real estate and tax bomb of the 2·4 measures, the minister is now engaging in politics rather than administration."

Finally, he emphasized, "What the new Minister of Land, Infrastructure and Transport, with one year left in the government's term, should do is practical negotiations to make the modest dream of homeownership possible in this lifetime by resolving youth loan regulations and revitalizing the private sector," and urged, "Stop the release of numbers that cannot be kept and the hope torture for ordinary people and genuine buyers."

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