Han Byung-do, acting leader and floor leader of the Democratic Party of Korea, said Friday that the Lee Jae Myung government and the Democratic Party would "definitely achieve housing stability for the people" by expanding homeownership opportunities and access to stable housing for end-users. He also took aim at the People Power Party, asking whether "rattling off verbal bombs" would actually speed up housing supply.
Speaking at the party's supreme council meeting at the National Assembly, Han addressed the government's real estate supply policy announced Thursday, saying the key to the measures lay not simply in presenting supply figures but in "dramatically cutting the time it takes to actually break ground." He pledged to ensure "sufficient supply flows without obstruction."
On real estate financial policy, Han said the principles were clear: "block speculative demand while helping and protecting genuine end-users." He said the use of jeonse loans as a tool for gap investment would be blocked, but that the jeonse loan guarantee ratio for non-homeowners would remain unchanged. Han added that the party would expand financial support tailored to different housing arrangements and pilot a "jeonse and monthly rent security trust project" within the year to safely protect jeonse and monthly rent deposits.
He went on to say the Democratic Party would use its housing stabilization TF to "swiftly review the implementation of supply, tax and financial benefits," adding that the Lee Jae Myung government and the party would "definitely achieve housing stability for the people" through bold and swift supply measures, fair and reasonable tax policy, and strong financial support carefully protecting end-users.
Han urged the People Power Party and the Seoul Metropolitan Government to "cooperate constructively with the government's supply measures." He said the PPP had "stubbornly refused to process bills aimed at boosting supply" and questioned how it could speak of supply with any credibility, adding that follow-up legislation to the government's measures had been stalled for a year due to PPP obstruction.
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