Song Young-gil, leader of the Democratic Party of Korea, is speaking at the real estate status briefing held at the National Assembly representative office on the 4th. Photo by Yoon Dong-joo doso7@

Song Young-gil, leader of the Democratic Party of Korea, is speaking at the real estate status briefing held at the National Assembly representative office on the 4th. Photo by Yoon Dong-joo doso7@

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[Asia Economy Reporter Jeon Jinyoung] The Democratic Party of Korea has completely reorganized its in-party real estate special committee, which was operating to supplement real estate policies, including replacing the chairman.


Song Young-gil, the party leader, announced at the 'Real Estate Status Related Ministries Report' held at the National Assembly in the afternoon, "Chairman Jin Sun-mi had been serving as the special committee chairperson, but due to her heavy workload, she will be replaced, and Representative Yoo Dong-su will participate instead."


Song said, "The government announced a strong supply plan to provide 830,000 housing units, including 300,000 in the metropolitan area, by 2025 through the 2·4 Supply Plan," adding, "In this process, we have been reviewing whether adjustments are needed for measures for actual demanders, comprehensive real estate tax, the realization of official land prices, property tax, and so on, to support this well."



He added, "This time, I hope we can gather wisdom to minimize the shortcomings of the real estate measures and do well."


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

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