On September 2, the People Power Party held a policy forum focused on youth homeownership, addressing concerns about the government's perceived weaknesses in youth and real estate policies.
The party's Policy Committee and External Cooperation Committee convened at the National Assembly to discuss the topic, "Is Homeownership Possible for Korean Youth?" They explored ways to improve housing policies and real estate taxation for young people.
Jang Dong-hyuk, the party's representative, criticized the current administration, stating, "In response to the question of whether homeownership is possible for Korean youth, the Lee Jae-myung government has essentially said, 'Don't even dream about it.' It has become increasingly difficult to secure even a lease, let alone purchase a home, with rental prices soaring beyond what salaries can cover."
He emphasized, "We will create a Korea where young people can save diligently and achieve homeownership. We will carefully listen to the voices of youth and make them the foundation of our party's policies."
Shin Dong-wook, a lawmaker who moderated the forum, pledged, "The People Power Party will definitely address the issue of housing stability for young people. Once we become the majority party and take power, we will resolve this issue." Co-moderator Kim Jang-gyeom added, "It is the political realm's duty to provide hope to youth that they can move to better homes than today."
The People Power Party's decision to hold a forum on youth and real estate comes amid assessments that these areas represent vulnerabilities for the government and ruling party. A recent survey conducted by Realmeter, commissioned by Energy Economy News, found that only 38.9% of respondents approved of President Lee Jae-myung's performance, a drop of 1.3 percentage points from the previous week.
Political analysts cite deteriorating public sentiment on real estate as a significant factor in the declining approval ratings. The same survey indicated that over 60% of the 2030 age group expressed dissatisfaction, highlighting rising discontent among young voters.
In response, Jang has taken the lead as chair of the Special Committee on Real Estate Policy, directing the party's real estate initiatives. The committee recently visited a site in Goyang City, where applicants for the public housing project "New Home" were informed they would not receive the loan support they were promised during the pre-application process.
Additionally, the party's policy committee plans to recruit members for a youth policy planning group starting September 3, continuing efforts to incorporate young people's voices into party policies.
The party's Policy Committee and External Cooperation Committee convened at the National Assembly to discuss the topic, "Is Homeownership Possible for Korean Youth?" They explored ways to improve housing policies and real estate taxation for young people.
Jang Dong-hyuk, the party's representative, criticized the current administration, stating, "In response to the question of whether homeownership is possible for Korean youth, the Lee Jae-myung government has essentially said, 'Don't even dream about it.' It has become increasingly difficult to secure even a lease, let alone purchase a home, with rental prices soaring beyond what salaries can cover."
He emphasized, "We will create a Korea where young people can save diligently and achieve homeownership. We will carefully listen to the voices of youth and make them the foundation of our party's policies."
Shin Dong-wook, a lawmaker who moderated the forum, pledged, "The People Power Party will definitely address the issue of housing stability for young people. Once we become the majority party and take power, we will resolve this issue." Co-moderator Kim Jang-gyeom added, "It is the political realm's duty to provide hope to youth that they can move to better homes than today."
The People Power Party's decision to hold a forum on youth and real estate comes amid assessments that these areas represent vulnerabilities for the government and ruling party. A recent survey conducted by Realmeter, commissioned by Energy Economy News, found that only 38.9% of respondents approved of President Lee Jae-myung's performance, a drop of 1.3 percentage points from the previous week.
Political analysts cite deteriorating public sentiment on real estate as a significant factor in the declining approval ratings. The same survey indicated that over 60% of the 2030 age group expressed dissatisfaction, highlighting rising discontent among young voters.
In response, Jang has taken the lead as chair of the Special Committee on Real Estate Policy, directing the party's real estate initiatives. The committee recently visited a site in Goyang City, where applicants for the public housing project "New Home" were informed they would not receive the loan support they were promised during the pre-application process.
Additionally, the party's policy committee plans to recruit members for a youth policy planning group starting September 3, continuing efforts to incorporate young people's voices into party policies.
* This article has been translated by AI.
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