Kim Tae-nyeon: "Is the Opposition Rejecting the 5 Laws to Eradicate Real Estate Speculation? Hope for Immediate Review"

Kim Tae-nyeon, Acting Leader of the Democratic Party of Korea, is attending the Supreme Council meeting held at the National Assembly on the 19th and delivering an opening remark. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Jeon Jinyoung] Kim Tae-nyeon, Acting Leader of the Democratic Party of Korea, on the 22nd urged the opposition party to immediately respond to the review of the five laws to eradicate real estate speculation by public officials to prevent the recurrence of the Korea Land and Housing Corporation (LH) scandal, stating that the opposition is delaying the passage of the bills.

At the Central Election Countermeasures Committee meeting held at the National Assembly that morning, Acting Leader Kim said, "While the opposition party is delaying the passage of the bills, real estate speculation forces are disturbing market order by exploiting gaps in laws and systems."

He added, "There is a need for a supervisory body to prevent market disruption acts that undermine real estate order. However, the opposition party keeps repeating that it cannot be discussed in the March National Assembly, which is frustrating," and raised his voice, saying, "If the People Power Party does not refuse to clear out real estate corruption, I hope they will immediately respond to the review of the related bills."

Acting Leader Kim emphasized, "The five laws to eradicate speculation and corruption by public officials are the beginning of legislation to prevent speculation and corruption by public officials," and added, "We will also promote amendments to the Farmland Act to strengthen the review of farmland acquisition and the Act on the Recovery of Criminal Proceeds to recover profits from nominee transactions."

Regarding the processing of the supplementary budget bill (supplementary budget) approaching in two days, he requested smooth deliberation, saying, "The opposition party's political attitude may help in elections but does not help the people." Acting Leader Kim said, "I hope the review by the Budget and Accounts Committee will be smoothly completed by tomorrow as agreed by the ruling and opposition parties," and added, "This supplementary budget is an urgent budget to support citizens affected by COVID-19 and to secure and administer COVID-19 vaccines."

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