The Democratic Party of Korea said it is securing idle sites for supplying dwellings in Seoul and the greater metropolitan area and plans to announce this at the end of the year or early next year. On raising property holding taxes, it said it is not discussing the issue.
Democratic Party floor leader Kim Byung-kee and senior deputy floor operations chief Moon Jin-seok and other Democratic Party floor leadership held a press briefing at the National Assembly on the 19th and explained the recently announced Oct. 15 real estate measures and follow-up steps.
Kim said, "I understand that idle sites are being secured to some extent in Seoul and the greater metropolitan area," adding, "However, since there is a population concentration issue, whether all of the secured idle sites will be used and whether idle sites are sufficient are separate matters."
Asked whether the government plans to announce additional supply measures within the year, Kim said, "It is one of the items under review by the party policy committee," and added, "If the review concludes positively, I understand that announcing it around the end of the year or the beginning of next year is being considered."
He drew a line on raising holding taxes. Kim said, "The party has no official position regarding real estate holding taxes," adding, "Because real estate issues, including raising holding taxes, are tasks that draw intense public sentiment, the government will make a comprehensive judgment."
Senior deputy floor operations chief Moon Jin-seok also said, "We are not yet discussing the issue of raising holding taxes."