As the government prepares to announce real estate supply measures, the ruling Democratic Party has launched a task force (TF) to address public concerns. Meanwhile, the People Power Party has ramped up its criticism, blaming the Lee Jae-myung administration's 'hasty administration' for the burdens faced by ordinary citizens.
On August 12, the Democratic Party held the inaugural meeting of its housing market stabilization TF in the National Assembly, signaling its commitment to fully support the government's real estate policies. With the government's supply measures expected to be announced as early as August 13, the ruling party is mobilizing all its resources for a proactive public relations campaign.
Han Byeong-do, the party's acting leader, emphasized during the TF's first meeting that the most crucial factor for prompt supply is a sense of urgency that the public can feel. He urged for a close cooperation system between the party and the government to swiftly develop response measures. Han Jeong-ae, the head of the policy committee and TF leader, echoed the need for both the central government and Seoul City to increase housing supply in the capital, calling for collaboration to accelerate the supply process.
Kim Young-bae, a member of the TF, explained that he conveyed citizens' concerns regarding the government's real estate measures during the meeting. He noted that the discussions primarily focused on supply and financial strategies, adding that concerns from non-resident homeowners and young people regarding tax reform were communicated. However, he clarified that tax reform was not on the agenda for discussion that day.
In response, the People Power Party has expressed skepticism about the Lee Jae-myung administration's expertise in real estate supply measures, while also criticizing the government's hasty administration approach. Jang Dong-hyuk, the party's leader, appeared on the YouTube program 'Lee Dong-jae's News Cabinet' and accused President Lee of failing to uphold his campaign promises to reduce taxes, expand supply, and ease real estate loan regulations. Jang stated, 'Despite repeatedly saying after taking office that he would not use taxes to control housing prices, he is going in the opposite direction,' and criticized the administration for appearing uninformed about tax reform proposals.
Park Seong-hoon, the party's chief spokesperson, also commented that the government's reactive measures only exacerbate public anxiety, pointing out that the burden is falling on the homeless due to ineffective policies.
Additionally, the People Power Party plans to hold a parliamentary strategy meeting on August 14, where Seoul Mayor Oh Se-hoon is expected to discuss responses to the President's real estate supply measures. Given that Mayor Oh has indicated a confrontational stance against President Lee regarding housing supply policies, he is likely to directly criticize the administration's real estate strategies.
* This article has been translated by AI.
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