Kang Hoon-sik, the presidential chief of staff, said on the 27th that he believes all policy tools in supply, finance, and taxation can be used to stabilize and normalize the real estate market.
Kang said on MBC News Desk that real estate is purchased for residential purposes, not for speculation or to make money, when asked, "What is the ultimate goal of the Lee Jae-myung administration's real estate policy?", adding, "This is what we consider the normalization of the real estate market."
Regarding Lee Jae-myung putting his Bundang apartment up for sale, he explained that the plan had been made a long time ago, but it was delayed somewhat due to coordination with the current tenant living in the home.
He then said it seems possible that Lee could use the funds from selling the home to buy an exchange-traded fund (ETF).
Kang emphasized that it is time to move beyond the "Korea discount" era and enter a "Korea premium" era, adding that above all, the government will respond with a zero-tolerance policy by imposing penalty surcharges of more than double on unjust gains from stock price manipulation.
Asked whether he would run in local elections, he said he would answer with a pledge that, as the first chief of staff of the Lee Jae-myung administration, he will never neglect his role on the path to the administration's success.