Kim Tae-nyeon "Will demand disposal from multi-home lawmakers... Soon to announce strengthened comprehensive real estate tax bill"

Kim Tae-nyeon, floor leader of the Democratic Party of Korea, is attending the Supreme Council meeting held at the National Assembly on the 8th and delivering an opening remark. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Wondara] Kim Tae-nyeon, the floor leader of the Democratic Party of Korea, announced that he will ensure multi-homeowner lawmakers implement their plans to dispose of non-primary residences and share this information. He also stated that comprehensive real estate tax enhancement bills to be handled in the July extraordinary session of the National Assembly will be announced soon.

At the Supreme Council meeting held at the National Assembly on the morning of the 8th, Floor Leader Kim said, "The Democratic Party is aware that the public has a high level of interest in multi-homeowners," and added, "Currently, the Democratic Party is verifying the housing ownership status of its members to accurately grasp the situation."

Kim said, "The Democratic Party will handle the issue of lawmakers disposing of non-primary residences based on two principles," adding, "The first is the principle of keeping promises to the public, and the second is promptness."

He stated, "The Democratic Party candidates pledged during the general election to dispose of non-primary residences. This pledge is a promise to the people that must be kept," and added, "We will ensure that the relevant lawmakers fulfill their promises to the public." He continued, "Although the disposal was promised within two years at the time of the general election, in the spirit of taking the lead in stabilizing the real estate market, we will urge the fulfillment of the promise as soon as possible," and said, "We will require multi-homeowner lawmakers to directly disclose and implement their disposal plans and promptly proceed with the procedures to share them."

The Democratic Party plans to hold a party-government consultation soon to promote real estate-related legislation in July. Floor Leader Kim said, "After close party-government consultations, we will soon announce bills to be prioritized in the July National Assembly session, including strengthening the comprehensive real estate tax on multi-homeowners and speculative housing holders," and emphasized, "We will also prepare follow-up bills to be handled in the regular session and establish comprehensive measures to eradicate apartment speculation and stabilize prices."

Lee Hae-chan, the leader of the Democratic Party, said, "Apartment prices are rising rapidly, causing great concern among the public," and added, "The basic principles were explained last Monday, and we will carefully verify policies that can be implemented in July and supplement them in the regular session so that the perception of making money through apartments disappears from society."

Lee Hyung-seop, a Supreme Council member of the Democratic Party, criticized, "Joo Ho-young, the floor leader of the United Future Party, is calling the Democratic Party's real estate measures unconstitutional," and said, "The reason the real estate policy has not worked properly is because the 20th National Assembly boycotted sessions 22 times, obstructing follow-up legislation."

This content was produced with the assistance of AI translation services.