Jeong Won-o, the Democratic Party candidate for Seoul mayor, and Oh Se-hoon, the People Power Party candidate, have clashed over the direction of real estate development in Seoul. Jeong's camp criticized Oh for neglecting the Yongsan development for an extended period, while Oh's camp accused Jeong of reverting to the urban regeneration policies of former Seoul Mayor Park Won-soon.
On May 9, Jeong posted on Facebook, questioning, "Why has Oh Se-hoon left this land unattended during his four terms as mayor?" He attributed the delays in Yongsan development to a lack of clear responsibility for the project. Jeong stated, "We cannot continue down the path of Oh Se-hoon. I will develop differently."
The day before, Jeong announced a pledge to attract a United Nations artificial intelligence hub to the Yongsan International Business District and to concentrate five advanced strategic industries there. Park Kyung-mi, a spokesperson for Jeong's campaign, remarked, "A candidate who has effectively neglected the Yongsan maintenance site for ten years is asking for a fifth chance. Citizens should hold Oh accountable for his decade of mismanagement."
Oh's camp took issue with Jeong's comments regarding housing supply. Park Yong-chan, a spokesperson for Oh's campaign, expressed concerns in a statement, saying, "Jeong's remarks about villas raise suspicions that he aims to revive the urban regeneration projects of the Park Won-soon administration."
The comments in question were made by Jeong during a meeting with candidates for district councilors on May 5, where he stated that solutions to the rental housing issue could be implemented within two to three years by utilizing villas, officetels, and residential-type accommodations. Park criticized this, stating, "The creation of villa towns was a core project of past urban regeneration efforts, which ended in failure. Are we to attempt this again?"
Both sides are also at odds over the scale of housing supply within the Yongsan International Business District. Jeong's camp emphasizes the creation of a mixed-use city that integrates living and working spaces, while Oh's camp argues that this could undermine the international business functions of the area. As real estate policy emerges as a central issue in the Seoul mayoral election, the debate over redevelopment and reconstruction strategies is expected to intensify.
* This article has been translated by AI.
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