President Moon: "Apologies for Real Estate Issues, Should Have Made More Efforts in Housing Supply"

2021 President's Dialogue with the People, Returning to Daily Life... "Aiming for a Stable Decline by the Remaining Period"

[Asia Economy Reporters Ryu Jeong-min and Lee Ji-eun] President Moon Jae-in, during the live broadcast of "President's Dialogue with the People, Back to Daily Life" on KBS on the 21st, responded to a question about real estate issues by saying, "I have apologized several times for the real estate problems, and looking back now, I think we should have put more effort into real estate and housing supply."

President Moon explained, "I think the 2.4 measures would have been somewhat helpful if they had been prepared a little earlier. However, during our government’s term, there have been more move-in volumes and permit volumes than any previous administration. There are also many planned volumes going forward."

President Moon said, "I believe the supply issue will be sufficiently resolved in the future. Thanks to that, real estate prices are entering a fairly stable phase, and the government aims for a stable decline during the remaining period."

[Image source=Yonhap News]

President Moon stated, "I will seek solutions until the end of my term so that the difficulties in real estate do not carry over to the next government. Real estate issues not only directly harm ordinary citizens but also cause a strong sense of relative deprivation."

President Moon pledged, "The government is currently focusing on comprehensive measures to recover unearned income and excess profits, preventing private developers from enjoying excessive gains, as various real estate-related problems have recently arisen. Related bills have also been submitted to the National Assembly. I will do my best until the very end."

Meanwhile, regarding youth unemployment, President Moon explained, "Employment, which had decreased due to COVID-19, has recovered almost 99.9% as of last month. The youth employment rate is also high."

President Moon said, "However, there is still a lack in terms of whether these are quality jobs. We will strive to ensure that quality jobs are obtained. Programs like Youth Hope On will focus on companies with government support. It will also be a good opportunity for those working in small and medium-sized enterprises."

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