Yoon Hee-sook: "The ruling party claims to be the nation's official 'Naeronambul' and now declares itself the 'new champion of speculation'"

Kim Tae-nyeon "We must not revive the original speculative forces through real estate anger"

[Image source=Yonhap News]

[Asia Economy Reporter Heo Midam] Kim Tae-nyeon, Acting Leader of the Democratic Party of Korea, said, "We must not revive the original speculative forces due to anger over real estate," while on the 5th, Yoon Hee-sook, a member of the People Power Party, criticized, "The Democratic Party has admitted to being the 'nationally certified hypocritical' party and now the 'new powerhouse of real estate speculation.'"

On the same day, Yoon posted on her Facebook, saying, "Don't further ridicule yourself by saying 'The only party that can stabilize house prices and prevent speculation is the Democratic Party.' It is best to be calmly evaluated as the party responsible for the unprecedented surge in house prices and speculation forces," she said.

Earlier, Acting Leader Kim said at the party's Central Election Countermeasures Committee meeting held at the National Assembly in the morning, "The Democratic Party has done its best to create a country worthy of the name," adding, "There were many achievements, but there were also shortcomings in meeting the public's expectations. In particular, we failed to curb the surge in house prices, which disappointed many citizens. We were also insufficient in eradicating real estate speculation and deep-rooted evils."

He continued, "I will accept the anger and criticism regarding the failure to achieve housing stability, which is the most important issue in people's daily lives," but also said, "Although the Democratic Party is lacking, I earnestly ask for another chance to fulfill the 2.4 supply plan and stabilize house prices."

Regarding this, Yoon pointed out, "A proper apology requires specifying what was done wrong," adding, "Shouldn't they apologize for insisting for four years that there was no shortage of real estate supply while causing house prices to soar? They blocked supply tightly, fostering speculators by raising expectations of price increases, and now they are cowardly hiding behind that," she criticized.

She also addressed the remark about being "insufficient in eradicating deep-rooted evils," saying, "Who are those evils? The public has seen many ruling party members and high-ranking officials who took public information and speculated on land. They should quickly eradicate the evils within themselves and ask for votes," she pointed out sharply.

Furthermore, she said, "During the Lee Myung-bak and Park Geun-hye administrations combined, Seoul apartment prices rose by 16%, but under the Moon Jae-in administration, they rose by 73%," adding, "If you have thoroughly imposed regulations that have destroyed the ladder to homeownership, no matter how urgent it is, you should not arrogantly claim to be better than others," she sharply criticized.

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