Kim Tae-nyeon: "We Must Not Revive the Original Speculators Due to Real Estate Anger... Please Give Us Another Chance"

[Image source=Yonhap News]

[Asia Economy Reporter Jeon Jin-young] Kim Tae-nyeon, Acting Leader of the Democratic Party of Korea, appealed on the 5th for giving the Democratic Party another chance in the April 7 by-elections, saying, "We must not revive the original speculative forces due to anger over real estate."

At the Central Election Countermeasures Committee meeting held at the National Assembly that morning, Acting Leader Kim said, "After the February 4 real estate measures, housing prices have just begun to stabilize. The consistency of the three principles of real estate policy?blocking speculation, focusing housing supply on non-homeowners who are genuine demanders, and fair taxation on multi-homeowners?must be maintained."

He targeted the opposing candidate Oh Se-hoon of the People Power Party, saying, "However, speculative forces are rampant, taking advantage of disappointment in the Democratic Party's real estate policy, promising to loosen regulations here and there within a week or a month. Such pledges only fuel the speculative frenzy, raising housing prices and causing more suffering to our people."

He then appealed for support for the Democratic Party. Acting Leader Kim said, "We will once again humbly accept the anger and criticism for failing to achieve housing stability, the most important issue in people's daily lives. I sincerely apologize once again," but emphasized, "Although our Democratic Party is lacking, I earnestly ask for another chance to resolve the housing price stabilization and the February 4 supply measures."

He added, "We will make sure that public officials cannot even approach speculation, and we will definitely pass the Conflict of Interest Prevention Act. We will thoroughly ensure sufficient housing supply," and continued, "Even if you are greatly disappointed in the Democratic Party now, I ask you to look at and judge the abilities, policies, and life paths of candidates Park Young-sun and Kim Young-choon."

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