Kangseok Seo, Songpa-gu District Mayor Candidate, Criticizes Government Real Estate Policies with Seohun Oh

Holding the "Songpa-gu Real Estate Hell Citizens' Countermeasures Meeting"
Unified Criticism of the So-Called Tax Bomb

Kangseok Seo, the People Power Party candidate for Songpa-gu Mayor, and Sehoon Oh, the People Power Party candidate for Seoul Mayor, held the "Songpa-gu Real Estate Hell Citizens' Countermeasure Meeting" at Songpa Hanyang 1st Apartment in Songpa-dong, Songpa-gu, Seoul on the 15th, where they criticized the government's real estate policy and tax hikes.

This meeting was a roundtable organized by candidate Sehoon Oh as part of his tour of all 25 districts of Seoul to listen to local residents' opinions and seek solutions to real estate issues. Around 100 people attended the event, including local residents and candidates for Songpa area city and district councilors from the People Power Party.

Kangseok Seo, the People Power Party candidate for Songpa-gu Mayor, and Sehoon Oh, the People Power Party candidate for Seoul Mayor, held the "Songpa-gu Real Estate Hell Citizens' Countermeasure Meeting" at Songpa Hanyang 1st Apartment on the 15th and criticized the government's real estate policy. Provided by Kangseok Seo's campaign office.

In his opening remarks, Sehoon Oh stated, "The officially assessed land value in Songpa-gu has risen by more than 25% on average. As a result, property taxes inevitably increase, but candidate Wonoh Jeong said he would cut them a little. He says he will reduce taxes for those over 60 and those without income, but it's unclear what types of income he means, and he says further study is needed. Isn't that like breaking someone's arms and legs and then telling them to endure it with just a painkiller?"

Kangseok Seo commented, "The Democratic Party has promised to reduce or refund property taxes, but tax administration is a legal duty. As of June 1, property owners who are liable for payment must unconditionally pay taxes based on the government-announced property value. There has never been a case of retroactive legislation to refund taxes already paid. The public outrage over the tax hikes prompted these promises, which are clearly for election purposes," he criticized.

Regarding reconstruction and redevelopment, candidate Oh said, "We have implemented an expedited and integrated planning process for private maintenance projects like reconstruction and redevelopment, with the Seoul Metropolitan Government acting like a marathon pacemaker to provide maximum support. However, Democratic Party candidate Wonoh Jeong appeared and slightly changed the name to 'Chakchak Development,' claiming he could get things done smoothly if he were in charge. He does not offer any specific solutions and simply insists that he could do it faster if he were in charge."

Nam Wonhyuk, chairman of the Songpa Hanyang 1st Apartment Reconstruction Promotion Committee, said, "Our complex started reconstruction ten years later than others, but thanks to the expedited planning, many procedures have been greatly accelerated. Although the exterior looks fine since the apartment was built 40 years ago, inside it is like a ticking time bomb, so we urgently need to proceed with reconstruction."

Regarding the capital gains tax, candidate Oh said, "Multi-homeowners face their own difficulties, and single-homeowners face theirs too. The suffering of Seoul citizens is beyond description. At the very least, regarding real estate and tax issues, please help ensure that Seoul and Songpa-gu can work together to implement the policies you want."

In response, one resident commented, "Many people in reconstruction complexes have lived there for more than 10 years, and if the special long-term holding deduction is abolished, we will not be able to sell our homes and move out. Elderly residents who have lived in Seoul for many years cannot simply relocate to another metropolitan area. The special long-term holding deduction is absolutely necessary."

After the meeting, candidates Seo and Oh visited the Jamsil Sports MICE Complex construction site to inspect the progress.

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