A seminar evaluating the Lee Jae-myung government's real estate policy will be held ahead of the June 3 local elections.
The People Power Party Seoul Chapter's Special Committee on Normalizing the Housing Ladder (chaired by Kim Jae-sub) and Rep. Cho Eun-hee will host the seminar titled "Evaluation of the Lee Jae-myung Government's First-Year Property Policy and Future Tasks" at 2 p.m. on the 18th in the first seminar room of the National Assembly Members' Office Building.
The seminar was arranged to mark the first anniversary of the Lee Jae-myung administration and to diagnose complex issues in the property market, including polarization, the balloon effect, and instability in the jeonse (a Korean lease system requiring a large lump-sum deposit instead of monthly rent) and monthly rental markets, while comprehensively assessing the policy's merits and demerits. Coming at a time when the heavy capital gains tax on multi-home owners has been reinstated, the event is expected to feature critical discussions on tax policy.
Organizers said President Lee Jae-myung's direct intervention in the property market through social media will also be a key agenda item.
Sohn Jae-young, professor emeritus at Konkuk University, will chair the session. Lee Chang-moo, professor at Hanyang University, will present "An Analysis of the Lee Jae-myung Government's First-Year Property Policy Effects Through Statistics," while Jin Jang-ik, professor at Chung-Ang University, will present "Evaluation and Outlook on Property Tax Policies." Kim Deok-rye of the Korea Housing Industry Research Institute, Kim Sung-hwan of the Construction & Economy Research Institute of Korea, Kim Woo-cheol, professor at the University of Seoul, Shim Hyung-seok, professor at IAU in the U.S., and Jeong Seong-hoon, professor at Daegu Catholic University, will participate as panelists.
The People Power Party plans to use the seminar's findings as a foundation for crafting alternative property policies after the local elections.
