Kim Yoon-deok, the Minister candidate for the Ministry of Land, Infrastructure and Transport, stated on the 29th that "it is more desirable to observe the discussion process of the National Assembly" regarding the excess profit recovery system for reconstruction.
During a personnel hearing held on this day at the National Assembly in Yeouido, Seoul, candidate Kim responded to People Power Party member Kim Eun-hye, who mentioned the necessity of abolishing the excess profit recovery system, saying, "The excess profit recovery system is actually a system that has never been implemented," and added, "I believe we can evaluate it after it is implemented."
Candidate Kim also said, "If I assume the role of Minister, I will examine the excess profit recovery system more closely," but noted that "there are also aspects that can be activated in various forms, such as simplifying the redevelopment and reconstruction stages or adjusting the floor area ratio." He explained, "I think it would be better to discuss having an overall measure rather than a few fixed measures."
Regarding the reduction of the lending limits for the stepping stone and support policy loans due to the June 27 loan regulations, candidate Kim expressed, "If policy loans are excessively carried out, it could lead to an increase in cash liquidity in the market, which might affect housing prices in the long term," and noted, "We are realistically in the process of adjusting that."