Jang Dong-hyeok: 'Lee Jae-myung Administration Fails to Control Housing Prices, Targets Citizens Instead'… Real Estate Special Committee Relaunched

The People Power Party has relaunched its Special Committee on Normalization of Real Estate Policies, headed by Representative Jang Dong-hyeok, and promised to formulate effective measures to stabilize housing prices and revitalize supply.

Representative Jang has raised issues regarding the government's 2026 tax reform proposals—such as strengthening taxation on ultra-high-end homes and non-resident single-home owners, and abolishing the long-term holding special deduction—calling them "tax extortion."

During a meeting combined with a certificate-awarding ceremony at the National Assembly today (the 7th), Representative Jang said, "Many citizens are gripped by confusion and fear due to this tax reform plan," adding, "(The government) drove up housing prices themselves, and now they are targeting citizens instead of fixing housing prices."

He continued, "Retired seniors who managed to buy a single home are finding it difficult to even keep their houses due to increased property taxes, and the reduction of the long-term holding special deduction makes it hard to sell them either. The same goes for non-resident single-home owners living elsewhere due to school or work," criticizing that "essentially, the government is depriving citizens of their freedom of movement and residence."

Representative Jang also pointed out, "Youth and homeless commoners will suffer even greater hardships," noting that "if property taxes are hiked massively, landlords have no choice but to move in themselves or raise jeonse and monthly rent prices."

He further criticized, "Is this what President Lee Jae-myung calls real estate normalization?" and added, "Dropping a tax bomb on citizens right after selling his own house—there is truly no hypocrisy like this."

Mentioning the second real estate policy inspection meeting presided over by President Lee to be held this afternoon, Representative Jang dismissed it, saying, "They say supply measures will be discussed, but probably very few citizens have any expectations."

Secretary-General Jung Hee-yong stated, "We will listen to the voices of the citizens to revive hopes of owning a home, and do our best to ensure effective measures so that genuine buyers can purchase homes with peace of mind."

Representative Bae Jun-young, secretary of the National Assembly's Strategy and Finance Committee newly appointed as a committee member, also stated, "We will do our best to ensure that the flawed tax reform plan and real estate policies are reversed so that they can properly support people's livelihoods."

The special committee, which was launched at the end of last year ahead of the June 3 local elections, has been reorganized on the occasion of the second-half committee formation.

Lawmakers serving as secretaries of relevant National Assembly standing committees—including the Land, Infrastructure and Transport, National Policy, and Strategy and Finance committees—have been newly appointed as members.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.