Holds 'Real Estate Hell Citizens' Countermeasure Committee Launch Press Conference'

"Jeong Wonoh Avoids One-on-One Debate, Offers Only Commentaries"

Oh Se-hoon, the People Power Party's candidate for Seoul mayor, has strongly criticized the real estate policies of the Lee Jaemyung administration. He also repeatedly proposed a one-on-one debate with Jung Won-oh, the Democratic Party's candidate for Seoul mayor, to compare their capabilities in housing policy.


Oh Se-hoon, the People Power Party's candidate for Seoul mayor, is delivering a statement at the press conference for the Real Estate Hell Citizens' Countermeasure Meeting held on the 6th at Daewang Building in Jongno-gu, Seoul. Photo by Yonhap News

Oh Se-hoon, the People Power Party's candidate for Seoul mayor, is delivering a statement at the press conference for the Real Estate Hell Citizens' Countermeasure Meeting held on the 6th at Daewang Building in Jongno-gu, Seoul. Photo by Yonhap News

View original image

On the 6th, Oh held a press conference for the launch of the Citizens' Countermeasure Meeting for Real Estate Hell at his campaign office in Jongno-gu, Seoul.


Oh stated, "I stand here with a firm determination to protect the property rights and residential rights of Seoul citizens and to restore the destroyed housing justice," adding, "For Seoul citizens, a home is a hope they have devoted their lives to securing and the last pillar supporting their families. But to President Lee Jaemyung, a home appears to be nothing more than a tool of governance that he can shake at will."


He continued, "Even for those who own homes, life is hell. In this contradiction, where incomes remain the same but taxes soar, retired seniors whose only asset is their home are now facing the risk of bankruptcy while sitting idle."


Oh further criticized, "Jeonse rental homes have dried up and monthly rents are skyrocketing. When landlords ask tenants to vacate for their own use, tenants with nowhere to go are pushed out of their communities, leaving behind schools and workplaces, and forced to move outside Seoul. It was none other than the Lee Jaemyung administration that sowed the seeds of this tragic eviction conflict, where landlords who must sell quickly and tenants who wish to extend their contracts clash."


He also strongly criticized Jung's "Step-by-Step Development" plan, which includes reducing the redevelopment and reconstruction period from about 15 years to within 10 years, and delegating the authority for maintenance projects with fewer than 500 households to district offices. After the press conference, Oh told reporters, "The authority for management and disposal approval or implementation plans already lies with the district offices, so what is there to transfer? Can district offices relocate residents, demolish, and rebuild? Such statements only reveal a lack of understanding of the procedures."


He once again proposed a one-on-one debate to Jung. Oh said, "A one-on-one debate would expose any lies or lack of ability, and I intend to ask specifically where the reductions would be made. If you do not want to debate on every topic, let us at least discuss housing issues. While avoiding the debate, only commentaries pour out."


Oh Se-hoon, candidate for mayor of Seoul from the People Power Party, is delivering a statement at the press conference for the launch of the Citizens' Countermeasure Meeting for Real Estate Hell held at Daewang Building in Jongno-gu, Seoul on the 6th. Photo by Yonhap News.

Oh Se-hoon, candidate for mayor of Seoul from the People Power Party, is delivering a statement at the press conference for the launch of the Citizens' Countermeasure Meeting for Real Estate Hell held at Daewang Building in Jongno-gu, Seoul on the 6th. Photo by Yonhap News.

View original image

Earlier that day, Oh announced a comprehensive plan to expand the "Residential Mobility Safety Net" to ensure housing stability for citizens without homes. The main points include supplying 123,000 public rental units and 6,500 public sale units by 2031. In addition, the number of long-term Jeonse rental homes, currently 37,000 units, will be increased to 106,000 units by 2031.


To secure funding for housing measures, Oh also plans to pursue the restoration of "housing fund sovereignty." His camp stated, "The Housing and Urban Fund contributed by Seoul citizens through subscription savings totals 25 trillion won, but only about 10 trillion won has been invested in housing projects in Seoul. We will work to ensure more of the Housing and Urban Fund is allocated to the Seoul Housing Promotion Fund to strengthen the housing safety net for Seoul citizens."



Other pledges include establishing a customized housing cost support network tailored to each life stage and introducing a three-stage safety defense system to fundamentally block Jeonse rental scams.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing