"House Prices Soar with Combined Capital Gains Tax Hike and Loan Regulations"
"Moving Has Become an Unrealistic Story"

President Moon Jae-in is speaking at the Cabinet meeting held on the morning of the 9th in the Blue House video conference room. [Image source=Yonhap News]

President Moon Jae-in is speaking at the Cabinet meeting held on the morning of the 9th in the Blue House video conference room. [Image source=Yonhap News]

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[Asia Economy Reporter Heo Midam] Jin-in (塵人) Jo Eun-san, who gained attention by posting the 'Seven Proposals for the New Year' criticizing the Moon Jae-in administration's policies on the Blue House National Petition Board, criticized President Moon Jae-in's daughter Dahye's life at the Blue House residence on the 9th.


On that day, Jo Eun-san posted a blog titled "Bitter" and opened by saying, "Where does the petty mind that criticizes a country's president living with his daughter come from? It comes from the desperate situation of citizens who cannot live with their parents and children."


He said, "Look at our lives. Even if parents living in Seoul try to move because of worries about their children and grandchildren who have been pushed out to the outskirts of the metropolitan area, it is not that easy," and pointed out, "It would be better if only the neighborhood I live in had rising house prices, but the reality is that the whole neighborhood has at least 1 billion won in value, so there is nothing better."


He continued, "With the combined effect of increased capital gains tax and loan regulations, even the common act of moving has become an impossible story," and criticized, "We cannot live together. I mean parents and children."


Jo Eun-san also said, "The Blue House seems to have nothing to say except that it is not illegal. Were the feelings of my father, who is about to turn eighty, and my mother, who dearly cherishes her grandchildren and wanted to live where her son is, so illegal?" and questioned, "I have driven 60 km one way to see my children's antics right in front of me without costing a single penny in taxes. Then, does this fall within the scope of legality?"


Furthermore, he said, "It seems that parent-child relationships are privileges and blessings allowed only to democratic bloodlines," and fiercely stated, "In a world where even basic rights are eroded, those rights are no different from privileges."


Finally, he concluded his writing by saying, "Just as those who must endure such criticism, I too find the reality that I have no choice but to write such a post very overwhelming," and said, "Live well together. We live separately."


President Moon Jae-in and First Lady Kim Jung-sook, having completed a 9-day, 7-night European tour including attendance at the G20 Summit and the 26th UN Climate Change Conference of the Parties (COP26), arrived at Seoul Airport in Seongnam-si, Gyeonggi-do on the 5th and are disembarking from Air Force One. <br>[Image source=Yonhap News]

President Moon Jae-in and First Lady Kim Jung-sook, having completed a 9-day, 7-night European tour including attendance at the G20 Summit and the 26th UN Climate Change Conference of the Parties (COP26), arrived at Seoul Airport in Seongnam-si, Gyeonggi-do on the 5th and are disembarking from Air Force One.
[Image source=Yonhap News]

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Earlier, it was confirmed that Dahye has been living at the Blue House residence with President Moon and his wife since returning from Thailand at the end of last year, sparking controversy.


In April 2018, Dahye received a villa in Gugi-dong, Seoul, under her husband Seo's name as a gift, then sold it three months later in July 2018 and moved to Thailand with her family.


While staying abroad, in May 2019, she purchased a multi-family house in Yangpyeong-dong, Yeongdeungpo-gu, Seoul, for about 760 million won, then after returning to Korea, sold it in February for about 900 million won, making a capital gain of about 140 million won.


The opposition parties criticized this as "Dad's chance" and "official residence tech." In particular, Heo Eun-ah, the senior spokesperson for the People Power Party, issued a statement on the 8th, saying, "How should we explain the president's family, who are not minors, living together in the Blue House, which is operated with taxpayers' money for the president's work, residence, and reception of foreign guests?"


Regarding this, the Blue House stated that there is nothing illegal about the president's family living in the official residence.



Also, Yoon Gun-young, a Democratic Party lawmaker who served as the Blue House National Situation Room chief, criticized on Facebook, "Since when did living with parents and children become a chance? Now, they are even nitpicking about living with parents."


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

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