Kim Jong-in: "Tax Increase Due to Real Estate Policy Failure... Need to Correct State Affairs with April 7 Election"

Increase in Official Land Prices and Comprehensive Real Estate Tax Burden on Ordinary Citizens
"Why Purge Deep-Rooted Evils in Elections?"
Election Victory Paves the Way for Regime Change

On the 23rd, when the unified opposition candidate poll results for the Seoul mayoral election were announced, Kim Jong-in, the Emergency Committee Chairman of the People Power Party, responded to reporters' questions at the National Assembly. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporters Hyunju Lee and Juni Park] Kim Jong-in, Emergency Committee Chairman of the People Power Party, stated on the 25th, "The April 7 by-elections should be used to evaluate the four years of policy under the Moon Jae-in administration and to correct the disorderly state affairs."

At the campaign event for Oh Se-hoon, the People Power Party's Seoul mayoral candidate, held in front of Daehanmun at Deoksugung Palace in Jung-gu, Seoul, Chairman Kim raised the failure of the current government's real estate policy and made these remarks.

Chairman Kim said, "The rise in real estate prices is not due to the failure of government economic policies or the fault of ordinary citizens," and pointed out, "However, the failure of real estate policies results in an increase in your taxes." He continued, "Currently, the government raises official land prices and comprehensive real estate taxes as if the responsibility for real estate speculation lies with the common people," adding, "This government, which makes life difficult for innocent people, is the current Moon administration."

He also mentioned the background of candidate Oh, who has served twice as Seoul mayor. He said, "I want to emphasize that he is the only candidate who can normalize city administration immediately after taking office," and added, "Due to the nine years of Mayor Park Won-soon's administration, the city's competitiveness has drastically declined."

Chairman Kim said, "I understand well the extreme public distrust that has recently risen," and also touched on suspicions surrounding President Moon's AstraZeneca vaccine inoculation.

Furthermore, Chairman Kim questioned, "This government talks about purging deep-rooted evils by referring to the past," and asked, "Why do they want to carry out a purge during the election?" He added, "There is nothing to boast about after leading this country for the past four years," and promised, "If the People Power Party wins this election and this victory becomes a stepping stone for regime change next year, I promise to correct the disorderly state affairs until now."

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