President Lee Jae-myung stated on August 18 during a Cabinet meeting at the Blue House that he opposes Seoul Mayor Oh Se-hoon's calls for easing real estate regulations, saying, "We should aim to increase supply, but we must not raise the possibility of skyrocketing housing prices."
Lee made these remarks in response to Oh's suggestions regarding the relaxation of floor area ratio regulations, restrictions on the transfer of membership rights in housing cooperatives, and the proportion of rental housing, as reported by Chief Blue House Spokesperson Kang Yu-jeong during a briefing at the Chunchugwan.
However, Lee noted that there could be a way to maximize positive aspects while minimizing negative ones, directing Prime Minister Han Seung-soo to explore various opinions to find ways to increase housing supply.
In particular, the Blue House refuted Oh's claim made on social media after the Cabinet meeting that he had clearly expressed opposition to building apartments in Yongsan Park. Kang stated, "There appear to be inaccuracies in that assertion," adding, "We have not heard anything regarding Yongsan Park."
* This article has been translated by AI.
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