Chairperson Lee Eog-weon of the Financial Services Commission said on Oct. 20 that, regarding criticism that the Oct. 15 real estate measures restrict working-class people from buying homes, "we judged that stabilizing demand should come first."
The Chairperson appeared at the Financial Services Commission's audit by the National Policy Committee of the National Assembly that day and said, "Because the real estate market was extremely overheated, we saw that cutting this off quickly would, in the long term, guarantee the housing ladder for working-class people."
The Chairperson said, "Officials are also considering how to broaden opportunities for housing stability for working-class people, end users, young people, and newlyweds," adding, "If we immediately extend more loans to back them up, it would neither achieve housing stability nor would it avoid stoking anxiety." The Chairperson continued, "Supply measures should of course be added in the future," and "we are certainly paying closer attention and trying to concentrate our capabilities."
Regarding the Lee Jae-myung administration's policy to ease the separation of banking and commerce (the separation of financial and industrial capital), the Chairperson said, "While keeping the basic principles, we are considering parts that can be resolved in a practical way," adding, "We will consult with the relevant ministries on the realistic problems at hand and draw up practical measures."