The Blue House will hold a large-scale real estate policy debate on the 23rd with President Lee Jae-myung attending. The aim is to broadly gather opinions from a wide range of market participants, including not only government officials but also market experts, academia, and the general public, and to reexamine real estate policy overall, including supply, finance, and taxation. Before the government announces its tax reform plan set for early next month at the latest, it will hold three rounds of ministry-by-ministry debates and then synthesize them at a national debate and reflect them in policy.
Kim Yong-beom, the Blue House policy chief, said at a briefing at the Blue House on the morning of the 10th that a large-scale real estate debate will be held on the 23rd.
Deputy Minister Kim explained, "The government has pursued policies under the principles of expanding supply and stabilizing the market," adding, "We are also reviewing reasonable improvement measures for the overall tax system, including holding taxes and transaction taxes, based on research projects and overseas cases."
Kim went on to say, "The government does not believe real estate policy can be completed by the government's judgment alone," adding, "Market conditions continue to change, and the difficulties people feel are diverse." Kim added, "There will also be voices from the field that the government has not yet fully captured," and, "What is needed now is not the government unilaterally presenting answers, but a process in which the public and experts work together to craft solutions."
Kim said that from the 14th to the 16th, the Ministry of Land, Infrastructure and Transport, the Financial Services Commission, and the Ministry of Economy and Finance will each hold public debates on the themes of supply, finance, and taxation to hear opinions from experts and the public, and that on the 23rd, a large-scale debate will be held at the Blue House with President Lee attending to discuss the various opinions presented so far and seek policy direction.
The specific plan will be released at a joint government briefing on the 12th. Kim said, "The ministries will announce the plans for the debates on the 14th to 16th in a joint briefing format," adding, "There are basically no restrictions on participation, and the ministries have pools of people with various views, including scholars in various fields, on-site experts, and YouTubers." Kim added, "I also heard that after joining the Sejong moms' community, that's where the most information is."
Kim also said that the difficulties faced by young people and newlyweds formed the main backdrop for this debate. Kim said, "When a bank reduced the loan limit from 600 million won to 300 million won, I received a lot of texts even this morning," adding, "There is concern about whether it is right to ignore the voices of young people who say they are getting married, both spouses are working, and they are confident about their future income over 30 to 40 years, but they don't have money now."
Kim said, "We will make the online opinion collection channel open to anyone to freely submit opinions regardless of time and region, and we will fully review the opinions received and faithfully reflect them in the debate discussions and policy review process," adding, "We will listen more to voices from the field and actively embrace better alternatives."