President Lee Jae-myung stated that the government will implement swift supply measures along with support plans for genuine buyers regarding comprehensive real estate policies.
During a Cabinet meeting held at the Blue House, President Lee described real estate as "the most serious issue facing our society."
He also promised that the tax system would be reformed to be fair and reasonable, based on the common sense and expectations of the public.
President Lee emphasized that stabilizing the real estate market is a crucial prerequisite for alleviating polarization, noting that the current real estate market is a major cause of asset inequality, household debt, and the suffering and alienation of young people.
He pointed out that "extreme speculative demand and anxiety are intertwining, tying up a significant amount of social capital in unproductive real estate."
Furthermore, he stated, "Above all, illegal and improper real estate windfalls have become the biggest culprits in destroying fairness and common sense in our society, hindering national unity. Normalizing the real estate issue is essential for the productive reinvestment of resources, restoring social dynamism, and finding solutions to conflicts arising from polarization."
President Lee announced that a national forum on real estate will take place on the 23rd, expressing a humble request for the public's voice to move away from a detrimental real estate republic towards ensuring housing stability and productive economic development, while also aiming to create feasible alternatives and measures from that dialogue.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.