The Democratic Party stated on August 13 that "the housing supply in Seoul during Oh Se-hoon's tenure as mayor is at 60% of the 10-year average." They specifically criticized Oh for focusing on his political brand, such as the New Town Plan, rather than concentrating on administrative tasks like establishing project plans after district designations.
After a meeting on real estate policy response held by the Seoul City Party and its 'Seoul Policy Reform Promotion Team' (tentative name), lawmaker Kim Nam-keun told reporters, "The number of multi-family homes, which are often used by young people, has decreased by 32% compared to the 10-year average, contributing to the rental crisis." He added, "Oh has created a divide between public and private sectors by labeling public development as inefficient."
Lawmaker Kim Young-bae mentioned, "The government is expected to announce follow-up measures regarding supply and finance today," emphasizing that tax and finance are primarily the responsibility of the central government and the National Assembly, while supply should be a collaborative effort between the Seoul City and the government. He highlighted that the Seoul City’s leadership in this area is crucial.
Lawmaker Oh Gi-hyung noted, "During discussions, there was a suggestion that additional tax revenue should be used for housing stability and welfare. This needs to be addressed in the National Assembly." He also pointed out the need for collaboration between the central government and Seoul City to actively secure public rental housing. Furthermore, he stated, "In addition to public housing, there are various forms of private sector projects that should be actively discussed, particularly focusing on newlyweds, young people, and loans."
* This article has been translated by AI.
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