Opposition Floor Leader Candidates Emphasize 'Real Estate' in Unison

Kwon Seong-dong, Kim Ki-hyun, Yoo Ui-dong, and Kim Tae-heum, members of the People Power Party running for the floor leader election, are attending the discussion titled "Conversation with First-term Lawmakers - Listening to the Floor Leader Candidates" held at the National Assembly on the 26th, deciding the order of debate. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Kum Bo-ryeong] The lawmakers challenging for the floor leader position of the People Power Party identified 'real estate' as the most important agenda.

On the 26th, during the People Power Party's 'Dialogue with First-term Lawmakers - Listening to Floor Leader Candidates,' lawmakers Kim Tae-heum, Kwon Seong-dong, Yoo Ui-dong, and Kim Ki-hyun all presented real estate pledges in response to the common question, "Please present pledges centered on the agenda you consider most important."

Lawmaker Kwon Seong-dong said, "It is no exaggeration to say that we won the April 7 by-election because of the real estate issue," explaining, "Due to the three lease laws, people without homes have given up on buying houses, and actual homeowners with one household and one house are in a difficult situation due to tax bombs. When property tax and comprehensive real estate tax are imposed, public dissatisfaction will increase."

In response, Lawmaker Kwon stated, "We need to sit down with Seoul Mayor Oh Se-hoon to decide what to prioritize and what to do later regarding easing loan regulations, reducing capital gains tax and holding tax, and promoting redevelopment and reconstruction," adding, "We will negotiate with the government where possible, and if not, we will continue to push our claims until the presidential election."

Lawmaker Yoo Ui-dong emphasized, "To become a ruling party, it is essential to transform into a competent party," and added, "First, we must correct real estate policies directly related to people's livelihoods. Despite the economic difficulties caused by COVID-19, the main culprit making life harder for ordinary people is real estate."

Yoo said, "As many lawmakers have argued, the urgent task is to provide answers on how to continuously supply quality housing, how to reform the tax system, how to ease loan regulations, and how to amend the three lease laws to alleviate public anxiety."

Lawmaker Kim Ki-hyun also stated, "We must lower housing prices. Stabilizing housing prices is not enough," and said, "We need to strengthen housing supply policies to reduce housing prices and address issues such as how to allocate public housing to youth and low-income groups."

Lawmaker Kim Tae-heum said, "There were problems with youth employment and real estate prices, which angered young people," adding, "The ruling party recognizes the seriousness of the real estate issue, so we must investigate and analyze the problems more incisively and move in the direction the public desires."

Additionally, Lawmaker Kim Ki-hyun announced a pledge to enable the youth party to play its proper role through internal restructuring and to establish a Youth Officer School. Lawmaker Kim Tae-heum said, "I believe we must also consider how to change the food supply and economic systems after COVID-19."

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