'Discussion on the New Government's Strategy for Normalizing the Housing Market' to be Held on the 15th

2 PM on the 15th, National Assembly Members' Office Building, Conference Room 1

On the 17th, a view of apartments from Lotte World Tower Seoul Sky in Songpa-gu, Seoul. The Korea Real Estate Board announced that the actual transaction price index for apartment sales in Seoul in March was 175.1, up 1.4 points from the previous month (173.7). This marks the first time in five months since recording 180.0 in October last year that the Seoul apartment sales actual transaction price index has turned upward again. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Hwang Seoyul] On the 15th at 2 PM, a forum titled "Strategies for Normalizing the Housing Market under the New Government" will be held in the 1st Small Conference Room of the National Assembly Members' Office Building in Yeouido-dong, Yeongdeungpo-gu, Seoul.

This policy forum is organized to evaluate the previous government's housing policies and to explore the direction of the new government's housing policies. The forum is hosted by Lee Heunseung, a member of the People Power Party, organized by the Korea Housing Industry Research Institute, and sponsored by the Korea Housing Builders Association.

The forum will be moderated by Han Manhee, former Vice Minister of the Ministry of Land, Infrastructure and Transport. Kim Deokrye, Head of Policy Research at the Korea Housing Industry Research Institute, will present on "Policy Strategies for Normalizing the Housing Market under the New Government." Discussants include Professor Kwon Daejung of Myongji University, Kim Younghan, Director of Housing Policy at the Ministry of Land, Infrastructure and Transport, Song Inho, Director of the KDI Economic Information Center, Cha Hakbong, reporter at Chosun Ilbo, and Seo Myunggyo, Vice President of the Korea Housing Builders Association.

Attendees delivering congratulatory remarks include Lee Junseok, leader of the People Power Party, Kwon Seongdong, floor leader of the People Power Party, Song Eonseok, deputy floor leader of the People Power Party, Won Heeryong, Minister of Land, Infrastructure and Transport, and Chu Byeongjik, Chairman of the Korea Housing Industry Research Institute.

Kim Deokrye, who will present, believes that the housing market will maintain a correction and stagnation phase for 1 to 2 years before likely shifting to an upward trend starting in 2023. He will emphasize the importance of administrative and legislative measures and the opposition party's cooperation, proposing that all housing market normalization measures be divided into three phases and ideally completed by the first half of next year at the latest.

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