Woo Sang-ho "I Will Have a Beautiful Competition with Candidate Park Young-sun"

Woo Sang-ho, Park Young-sun Candidates
"Let's Revive the Party and Create a Foundation for Victory Through Healthy Competition"

On the 26th, Woo Sang-ho, a member of the Democratic Party running for the Seoul mayoral by-election on April 7, and Park Young-sun, former Minister of SMEs and Startups, attended the 'Gyeonggi-do Basic Housing Forum' held at the Glad Hotel in Yeouido, Seoul, and engaged in conversation. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Koo Chae-eun] Woo Sang-ho, a member of the Democratic Party running in the April 7 Seoul mayoral by-election, addressed his primary rival, former Minister of SMEs and Startups Park Young-sun, saying, "Let's revive the party through fair and beautiful competition and together create a foundation for victory."

On the 26th, Woo Sang-ho wrote on his Facebook, "Today is Park Young-sun's day, so I did not schedule any public events," expressing these sentiments.

Former Minister Park Young-sun officially announced her candidacy for Seoul mayor by holding a citizen report-style meeting at the Yeouido Korea Federation of SMEs building that day. With this, Park and Woo will face off again for the Seoul mayoral candidacy after three years.

He strongly criticized the opposition candidates' real estate policies, which focus on revitalizing private reconstruction and redevelopment. Woo said, "The result of entrusting redevelopment and reconstruction to the private sector is the current insane housing prices," adding, "Recall the real estate policies of the Park Geun-hye administration, whose motto was 'Borrow money and buy a house.'"

Woo diagnosed, "Even though regulations were eased and multiple home ownership was recognized, it has only turned into a speculative market guaranteeing capital gains for multi-homeowners." He questioned, "The Moon Jae-in administration's regulations aim to prevent speculation and block unearned income from speculation. If easing these is not activating speculation, then what is it?"

He said, "I want policy answers, not political engineering answers, on how to prevent speculation and how to prevent original residents from being displaced due to private redevelopment and reconstruction."