Lee Nak-yeon "Hope for the Homeless, Responsibility for Multi-Homeowners... Relocate Seoul Airport to Build 30,000 Homes Like a Second Pangyo"
Jung Se-kyun "There Is Philosophy but No Substance"
Kim Du-kwan "Could Be Misunderstood as Filling Han River to Build Apartments"

[Asia Economy Reporter Oh Ju-yeon] The ruling party presidential candidates who participated in the 4th Democratic Party primary TV debate jointly attacked former leader Lee Nak-yeon’s real estate policy, saying it "fails to grasp the essence."


[Image source=Yonhap News]

[Image source=Yonhap News]

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On the 17th, Democratic Party presidential candidates appeared on a TV debate hosted by Channel A in the afternoon and engaged in fierce exchanges over major issues. In the first half, which focused on real estate policy, Lee’s real estate pledges were especially questioned.


Lee said, "We will end the era of making money through real estate," adding, "Housing supply should be adjusted according to changes in demand. We will expand housing benefits for young people, relocate Seoul Airport, and build 30,000 homes like a second Pangyo." He also stated, "We will increase sale housing through 50-year mortgages."


In response, former Prime Minister Chung Sye-kyun criticized, "He still does not properly grasp the essence of the housing problem." He added, "The three laws on the public concept of land that Lee pledged are all good, but there is philosophy without substance." Chung said, "It is a consensus that the market cannot be stabilized without expanding supply, but the three laws on the public concept of land reduce supply, and among the pledges, only the Seoul Airport relocation involves supply expansion, which is not an appropriate supply measure." He criticized, "He still believes that the real estate problem can be solved through regulation."


Former Minister of Justice Chu Mi-ae also pointed out, "Seoul Airport is very important for national security," and said, "He keeps mentioning the airport when talking about new housing sites. There are concerns about speculation arising from Seoul Airport development."


Assemblyman Kim Doo-kwan also sharpened his remarks, saying, "No matter how scarce housing sites are, 200,000 homes at Gimpo Airport and 30,000 homes at Seoul Airport will worry our citizens," and added, "Seoul Airport contributes to enhancing national competitiveness and Seoul’s urban competitiveness." He continued, "There could be misunderstandings like cutting down Namsan Mountain and filling the Han River to build apartments. I earnestly ask for reconsideration of building apartments at Gimpo and Seoul Airports."



Gyeonggi Governor Lee Jae-myung, seemingly questioning Assemblyman Kim, indirectly criticized former leader Lee by saying, "Is it right to pre-announce specific areas where apartments will be supplied?" Kim agreed, saying, "I fully agree with Governor Lee’s point," and continued to criticize Lee’s plan to utilize Seoul Airport land.


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

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