The Democratic Party criticized Seoul Mayor Oh Se-hoon on August 6, stating that he is using his housing supply policy solely for his political agenda. The party highlighted that while Oh claims to supply 90,000 housing units, this would result in the loss of over 220,000 existing homes, urging for alternative solutions.
Democratic lawmakers from Seoul held a meeting with the Seoul City Council to evaluate Oh's housing supply policy. After the meeting, Representative Kim Young-bae told reporters, "Oh claims he will supply 90,000 units through redevelopment and reconstruction, but over 220,000 homes will be lost in the process. Where have the 130,000 homes gone?"
He pointed out that this policy exacerbates the housing supply crisis for young people in their 20s and 30s, emphasizing that Oh is using housing supply measures solely for his political agenda. "There has been no real housing supply under Oh's policies," he added.
Representative Kim Nam-kun noted that despite a lunch meeting with Presidential Policy Chief Kim Yong-beom on August 5, Oh showed no willingness to actively cooperate on housing supply issues.
He remarked that Oh's lack of proactive engagement during the meeting with Kim indicated a disregard for the urgent need for diverse housing supply in Seoul, raising doubts about whether Oh would cooperate with the government's upcoming large-scale housing projects in the city.
Meanwhile, the Democratic Party and the Seoul City Council decided on August 3 to monitor the impact of the government's proposed real estate tax reform on the rental market.
Representative Oh Gi-hyung stated, "We will take a wait-and-see approach regarding the tax reform plan, expressing agreement with its goals of 'fair taxation' and 'tax rationalization' while closely observing its progress."
* This article has been translated by AI.
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