The government has announced plans for a comprehensive real estate policy, with President Lee Jae-myung set to preside over a 'National Real Estate Forum' on July 23.
Kim Yong-beom, head of the Presidential Policy Office, spoke to reporters on the morning of July 10 at the Blue House, stating, "From July 14 to 16, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, and the Ministry of Economy and Finance will hold public discussions on supply, finance, and taxation to gather opinions from experts and the public." He added, "On the 23rd, the President will directly participate in a forum to discuss the various opinions presented so far and explore policy directions."
Kim emphasized, "We plan to discuss the diverse opinions that have been raised and seek policy directions during the forum. We will also gather input from citizens who cannot attend through online channels."
He noted, "Concerns among the public regarding the real estate market have been growing. Housing is a matter closely tied to people's lives, and the burdens and anxieties related to housing prices, rents, loans, and home ownership are challenges many citizens are experiencing daily."
Kim stated, "The government takes this market situation seriously and is reviewing policies with a priority on ensuring housing stability for the public."
He explained, "The government has been pursuing policies under the principles of expanding supply and stabilizing the market. Supply plans are being implemented without delay, and necessary market stabilization measures are being taken in response to concerns about overheating in certain areas, such as the designation of land transaction permit zones in Dongtan, Giheung, and Guri."
In particular, he mentioned, "We are also examining reasonable improvement measures for the overall taxation system, including property and transaction taxes, based on research and international examples."
Kim added, "I do not believe that real estate policy can be completed solely by the government's judgment. Market conditions are constantly changing, and there may be voices from the field that the government has not yet considered."
He concluded, "What is needed now is not for the government to unilaterally present answers, but for the public and experts to collaboratively create solutions. The government does not assume it knows all the answers. We will listen more to the voices from the field and actively accept better alternatives."
* This article has been translated by AI.
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