Oh Se-hoon, the candidate for mayor of Seoul from the People Power Party, criticized the real estate policies of the Lee Jae-myung administration, emphasizing the need for a supply-centered approach. He dismissed allegations regarding construction errors in the GTX (Great Train Express) A line as politically motivated attacks.
Speaking at a seminar on the evaluation of the Lee Jae-myung government's real estate policy and future tasks, held at the National Assembly, Oh stated, "The solution to real estate policy is not complicated. First, supply; second, supply; the key is simply to increase supply." He added that only sustainable and rapid supply, rather than excessive regulations that stifle the market, can provide a solution.
Oh criticized the current state of the real estate market, describing it as "very dire." He pointed out that excessive lending regulations have dismantled the housing mobility ladder for citizens and that recent proposals to alter long-term holding tax exemptions have further confused the market. He noted that spontaneous market intervention comments from President Lee on social media have led to increased uncertainty and anxiety among the public.
He also highlighted Seoul's commitment to a supply-centered policy, asserting, "While the government has shaken the market with regulations, Seoul has consistently pursued supply policies. I, Oh Se-hoon, will ensure housing stability for Seoul citizens through planning and execution."
Regarding the GTX allegations, Oh referred to them as a "farce," suggesting that the Democratic Party is feeling threatened by fluctuating support for their candidate. He criticized the campaign atmosphere of Democratic candidate Jeong Won-o, indicating a willingness to use the rebar incident as a campaign issue.
He remarked, "As revealed in the morning committee meeting, this is truly absurd. The situation was handled according to manuals and principles, but it turned into a farce as they tried to force it into a cover-up allegation."
Oh intensified his criticism of the Democratic Party, stating, "They cannot erase the suspicions surrounding this critical election. We are currently discussing safety measures after discovering construction errors during the project. Their efforts to manipulate the election in their favor are truly petty and unbecoming of the ruling party."
Meanwhile, Jeong continues to press the issue of construction errors, including missing rebar, on the GTX-A line. The Democratic Party claimed during a meeting of the Administrative Safety Committee that the Seoul city government failed to report these issues to the Ministry of Land, Infrastructure and Transport immediately, attributing responsibility to Oh.
* This article has been translated by AI.
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