Yoon Seok-yeol Discusses Moon Administration's Real Estate Failures: "Youth Find Jobs but Sigh Over Housing Prices"

'Yoon Seok-yeol Listens' Third Visit
One-Hour Conversation with Kim Heon-dong, Head of Gyeongsilryeon
"The Most Important Issue for Government Involvement Is Housing"

Former Prosecutor General Yoon Seok-yeol is answering reporters' questions after declaring his presidential candidacy on the afternoon of the 29th at the Maeheon Yun Bong-gil Memorial Hall in Seocho-gu, Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Lee Hyun-joo] The livelihood-focused activities of former Prosecutor General Yoon Seok-yeol, named "Yoon Seok-yeol Listens," have shifted from opposing nuclear phase-out and innovating startup regulations to real estate policy.

The spokesperson office of former Prosecutor General Yoon's campaign announced on the morning of the 11th at the campaign office in Gwanghwamun, Seoul, that Yoon met with Kim Heon-dong, Head of the Real Estate and Construction Reform Division at the Citizens' Coalition for Economic Justice.

Former Prosecutor General Yoon and Head Kim discussed the Moon Jae-in administration's real estate failures, including rising housing prices, the jeonse crisis, and real estate speculation by the Korea Land and Housing Corporation (LH). Head Kim strongly criticized, saying, "It is estimated that for a 25-year-old social beginner to purchase an average apartment in Seoul under the Moon Jae-in government, it would take 200 years. The rising housing prices are plundering young people without homes." He also stated, "Over the past four years, more than 25 changes in real estate policies have fostered multi-homeowners, effectively encouraging speculation by the government," and argued, "The price ceiling system for pre-sale apartments should be strengthened, and the loan recall policy for those owning three or more homes should be revised."

Kim Heon-dong, Head of Real Estate and Construction Reform Division, Citizens' Coalition for Economic Justice
[Image source=Yonhap News]

In response, former Prosecutor General Yoon said, "The most important issue for the government to intervene in domestic affairs is housing," and added, "I received the implication that housing stability and controlling housing prices can be achieved easily if the government has the will." He continued, "It is a significant problem for the country's future that young people, even when they barely find jobs, only sigh while looking at soaring housing prices." Former Prosecutor General Yoon declared his presidential bid on the 29th of last month, criticizing the current administration's real estate policies and calling for a comprehensive review.

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