In addition, the Democratic Party of Korea and the government have decided to mobilize all policy capabilities to stabilize the real estate market.
The Democratic Party of Korea held the first meeting of the housing market stabilization TF at the National Assembly on the 12th to examine current issues in the real estate market.
Han Byung-do, acting chairman and floor leader, said, “The Democratic Party will devote all policy capabilities to stabilizing the real estate market. We will expand the housing market TF, which has focused on discussing supply measures, to check the overall real estate policy with the government.”
Han Jung-ae, chairman of the policy committee, said, “The supply shortage in the Seoul housing market has continued for a long time and the shortage of monthly rent is also getting serious. The central government, local governments, and the National Assembly should make all-out efforts to expand housing supply to stabilize housing.”
“It is necessary to improve the system to increase the supply of non-apartments such as urban living houses and officetels that can be supplied within a short period of time and to speed up the supply by introducing modular methods,” he said. “For this, a close cooperation system is required, especially between the Ministry of Land, Infrastructure and Transport and the Seoul Metropolitan Government.”
Subsequent legislation will also accelerate.
Regarding the follow-up bill to the September 7 supply measures last year, Chairman Han said, “It has not been passed for more than eight months due to non-cooperation of the people’s power,” adding, “We will make sure that bills for supply, such as the Urban Improvement Act and the Special Act on Public Housing, will be passed in August.”
“In August, we will pass the bill no matter what we do whether we do the filibuster,” he said. “Real estate policy is not subject to political dispute. If the people’s power at least sympathizes with the supply measures, please cooperate,” he urged.

