Choi Jae-hyung "My daughter also missed the timing and can't buy a house... Considering low-interest long-term loans for youth"

Choi Jae-hyung, a presidential primary candidate of the People Power Party, is presenting his economic policy vision at the campaign press room located in the Daehwa Building, Yeouido, Seoul, on the 13th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Park So-yeon] Choi Jae-hyung, a presidential candidate from the People Power Party and former head of the Board of Audit and Inspection, stated, "We are considering measures to provide long-term loans at low interest rates when young people or newlyweds buy a house for the first time."

On the 14th, Choi invited two supporters to his presidential campaign office set up in the Daehwa Building in Yeouido, Seoul, and had a conversation about his reflections during the month since joining the People Power Party.

The invitees were a job seeker in their 20s and a person in their 70s from Busan, who had correctly answered a quiz related to Choi during his online presidential candidacy announcement on the 4th.

When asked about solutions to the real estate problem, Choi said, "My second daughter also considered taking out a loan to buy a house 4 or 5 years ago but hesitated thinking 'Will house prices really rise that much?' and missed the timing, so now she is not in a position to buy a house."

He added, "Housing prices stabilize when there is sufficient supply, but the current government has reduced supply and imposed heavy taxes that prevent people from buying, holding, or selling houses," criticizing the administration.

Choi said, "There is a lot of anger due to the difficulties people face under the current government," and added, "I believe the desire to reform existing politics regardless of party lines has brought me to this position."

When asked about his reflections after spending a month since joining the party, Choi said, "It feels like I have moved very quickly," emphasizing, "I will listen carefully to what the people truly want and work together to draw the future picture of the Republic of Korea."

Regarding ways to increase his approval ratings, Choi mentioned, "I think momentum will build if we read the people's hearts and fully consider the voices they want to be heard."

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