President Lee Praises Kim Byunghwan, Chairman of the Financial Services Commission:
"There Is an Effect from the Regulatory Measures Introduced by the Commission"
Second Time Following the 'Chungcheong Town Hall Meeting' on the 4th
On July 15, President Lee Jaemyung praised Kim Byunghwan, Chairman of the Financial Services Commission, during a Cabinet meeting, saying that the '6·27 Real Estate Measures' appeared to be effective. This was the second time he has commended Kim, following his introduction and praise of Kwon Daeyoung, Secretary General of the Financial Services Commission, to attendees at the 'Chungcheong Town Hall Meeting' held in Daejeon on the 4th.
Spokesperson Kang Yujeong stated during a briefing at the Yongsan presidential office that "the Chairman of the Financial Services Commission had an opportunity to speak during the meeting, and at that time, President Lee praised the regulatory measures introduced by the Commission regarding the real estate policy, saying they were effective, which drew laughter from those present." There were no agenda items related to real estate policy at that day's Cabinet meeting.
Regarding the delayed appointments of the heads of financial authorities, including the Financial Services Commission and the Financial Supervisory Service, Kang said, "There is no particular reason," and when asked about the possibility of the Chairman of the Financial Services Commission remaining in office, she replied, "I am not sure."
At the Chungcheong Town Hall Meeting on the 4th, President Lee had also praised Secretary General Kwon, who stood up to answer a question about support measures for self-employed people, saying, "Let me introduce this person; he is the one who devised the recent real estate loan restriction measures. He did a good job."
On June 27, the government announced an ultra-strong measure prohibiting home mortgage loans exceeding 600 million won. This policy took effect the following day, June 28. Since then, the volume of housing transactions in overheated real estate areas has dropped significantly, and the upward trend in home prices has also slowed.
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