South Korean Prime Minister Han Seong-sook stated on July 27 that, according to the 2025 National Balance Sheet, real estate constitutes 71.9% of household net assets. "As the Prime Minister overseeing the executive branch, I feel a significant sense of responsibility and weight regarding how to address your difficulties and concerns about real estate," she said.
During her keynote speech at the National Forum on Real Estate Policy held that afternoon, she acknowledged, "It is entirely natural for the public to have a high level of interest, and many people are still struggling to secure stable living spaces, which are fundamental to a stable life."
Han emphasized that the real estate issue is one that directly affects all 50 million citizens, stating, "Everyone has a stake in this matter, and we are all experts in our own situations. It is indeed a critical issue." She noted that the concerns of individuals vary widely, including those of young people, newlyweds, renters, and landlords, leading to differing opinions on proposed solutions.
"It is also true that the conflicting interests make it challenging to find common ground," she added. "We must resolve the real estate issue and listen to the diverse concerns of the public to find a consensus on this difficult task."
Regarding the forum held on the 23rd, which was chaired by President Lee Jae-myung, Han explained, "We felt it was necessary to gather more opinions to guide our decision-making on real estate policy. The President also encouraged us to create opportunities for discussion, which is why this forum was organized today."
Han noted that since July 14, the real estate forum website has received 7,100 submissions, with over 2,000 diverse opinions related to taxation, finance, and supply. "We are discussing the necessity of reviewing these aspects in our policy considerations. We need to engage in discussions on how to reflect these opinions rather than overlook them," she stated.
She concluded, "Today, we will listen to many opinions and aim to share our thoughts on the matter."
During her keynote speech at the National Forum on Real Estate Policy held that afternoon, she acknowledged, "It is entirely natural for the public to have a high level of interest, and many people are still struggling to secure stable living spaces, which are fundamental to a stable life."
Han emphasized that the real estate issue is one that directly affects all 50 million citizens, stating, "Everyone has a stake in this matter, and we are all experts in our own situations. It is indeed a critical issue." She noted that the concerns of individuals vary widely, including those of young people, newlyweds, renters, and landlords, leading to differing opinions on proposed solutions.
"It is also true that the conflicting interests make it challenging to find common ground," she added. "We must resolve the real estate issue and listen to the diverse concerns of the public to find a consensus on this difficult task."
Regarding the forum held on the 23rd, which was chaired by President Lee Jae-myung, Han explained, "We felt it was necessary to gather more opinions to guide our decision-making on real estate policy. The President also encouraged us to create opportunities for discussion, which is why this forum was organized today."
Han noted that since July 14, the real estate forum website has received 7,100 submissions, with over 2,000 diverse opinions related to taxation, finance, and supply. "We are discussing the necessity of reviewing these aspects in our policy considerations. We need to engage in discussions on how to reflect these opinions rather than overlook them," she stated.
She concluded, "Today, we will listen to many opinions and aim to share our thoughts on the matter."
* This article has been translated by AI.
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