Park Wan-joo: "Considering the prolonged COVID-19 economic hardships, reviewing the application of official property prices"

Park Wan-joo, Chairman of the Policy Committee of the Democratic Party of Korea, is attending the floor countermeasure meeting held at the National Assembly on the 23rd and delivering a speech. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Koo Chae-eun] Park Wan-joo, the Policy Committee Chair of the Democratic Party of Korea, stated on the 21st that the ruling party and government’s consideration of applying this year’s publicly announced land prices for next year’s property tax calculation was unavoidable due to the prolonged hardships caused by COVID-19.

At the party floor countermeasure meeting held at the National Assembly that morning, Chair Park said, "It is absurd to disparage these efforts as a case of 'closing the stable door after the horse has bolted' as the opposition party does." He emphasized that the rise in publicly announced real estate prices is not limited to real estate transactions but is linked to property tax, health insurance premiums, and other factors, increasing the burden on citizens and affecting welfare benefits, making the effective postponement of price realization inevitable.

Chair Park added, "The Democratic Party will take this ruling party-government cooperation as an opportunity to comprehensively review measures from the perspective of reducing the burden on the people and implement practical and helpful policies."

Regarding the controversy over false academic credentials of Kim Geon-hee, wife of People Power Party candidate Yoon Seok-youl, he pointed out that "an apology starting with 'regardless of the reason' cannot be fair," calling it "fake fairness." After listing allegations involving candidate Yoon and his family, including the accusation of instigating a complaint, the inadequate investigation of the Busan Savings Bank case, and the Deutsche Motors stock manipulation suspicion, he said, "While candidate Yoon is a rigid figure to others, he has become like a reed swaying back and forth when it comes to his own matters," adding, "The wind will continue to blow, and the reed cannot keep pretending to be rigid forever."

Regarding candidate Lee Jae-myung’s small business and self-employed policy pledge, Chair Park said, "Candidate Lee Jae-myung and the Democratic Party will achieve a paradigm shift by implementing pre-compensation for losses simultaneously with government quarantine measures, expanding compensation for personnel restrictions, and significantly expanding local currency support for rapid sales recovery."

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