People Power Party: "Government Real Estate Legislation Seriously Violates Citizens' Fundamental Rights... Will File Constitutional Complaint"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] The People Power Party announced that it will file a constitutional complaint, claiming that the government's real estate legislation seriously infringes on the basic rights of the people.

Song Seok-jun, chairman of the People Power Party's Special Committee for Normalizing the Real Estate Market, said at a press conference on the 24th, "We have confirmed that the Local Tax Act, Corporate Tax Act, and Income Tax Act, which impose punitive taxation not only on corporations and multiple homeowners but also on single homeowners, infringe on the property rights of the people."

He pointed out, "In particular, the Comprehensive Real Estate Tax Act raises the top tax rate to 6%, excessively restricting the property rights of the people to the extent that after 18 years, owned homes could be confiscated due to taxes. This must be corrected immediately."

Chairman Song urged reconsideration, saying, "The 'Special Act on Private Rental Housing,' which abolishes the rental business system and mandates subscription to rental deposit guarantee insurance, infringes on the people's freedom of occupation and equality rights, and also violates property rights through retroactive taxation, which is prohibited under the Constitution."

He added, "The 'Housing Lease Protection Act,' which introduced the rent ceiling system and the right to request contract renewal, interferes with the private life relationships of the people by the government, which is unacceptable in a free democratic country. We also confirmed that allowing local ordinances, rather than laws, to set different limits on rent increase claims violates the Constitution (breaching the principle of legal reservation)."

Regarding the Real Estate Transaction Reporting Act, which requires reporting lease contracts to the local authorities within 30 days, he stated that this constitutes government intrusion into personal property information, infringing on the people's freedom.

Chairman Song said, "The People Power Party's Special Committee for Normalizing the Real Estate Market has judged that the unconstitutionality of the Moon Jae-in administration's real estate legislation is so severe that it can no longer be overlooked. Therefore, through the special committee's legal support team and lawyers, we have decided to proceed with a constitutional complaint to the Constitutional Court." He added, "We are currently recruiting plaintiffs for the constitutional complaint from among the people whose basic rights have been or may be infringed due to the enforcement of the Local Tax Act, Corporate Tax Act, Income Tax Act, Special Act on Private Rental Housing, Comprehensive Real Estate Tax Act, Housing Lease Protection Act, and Real Estate Transaction Reporting Act enacted under the Moon Jae-in administration."