Oh Se-hoon Blames Lee Administration for Soaring Housing Prices in Seongdong

By HYE YOUNG KO Posted : May 8, 2026, 13:39 Updated : May 8, 2026, 13:39
Oh Se-hoon, the People Power Party's candidate for Seoul mayor, speaks at a press conference on May 6 in Jongno, Seoul. [Photo=Yonhap News]

Park Yong-chan, spokesperson for Oh Se-hoon, the People Power Party's candidate for Seoul mayor, questioned Jeong Won-o, the Democratic Party's candidate, on May 8 regarding the soaring housing prices and rental crisis in Seongdong. "Is this Jeong's responsibility, or is it due to the Lee Jae-myung administration's flawed real estate policies?" he asked.
Park criticized Jeong for blaming Oh, who served as Seoul mayor for five years, for the current housing crisis. He argued that if Jeong follows this logic, he should also be held accountable for the real estate turmoil in Seongdong, where he has been the district mayor for 12 years.
He added that Oh does not hold Jeong accountable because he understands that the primary responsibility lies with government policy. Park also criticized the real estate policies of the Lee Jae-myung administration and former Seoul Mayor Park Won-soon, stating that the tax burdens and loan pressures imposed by the current government have led to a housing crisis. He described the decision to deregulate 389 redevelopment zones by the former mayor as a painful mistake that continues to have repercussions.
Finally, Park urged Jeong to stop the smear campaign that misplaces blame for the housing crisis.



* This article has been translated by AI.

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