2023-10-07 06:37:06
Kim Soo-hyun, former policy chief of the Blue House, recommends the book ‘Real Estate and Politics’
A post on Facebook regarding the failure of real estate policies when in power
On the evening of September 17th, a book concert by poet Lee Dong-soon, who wrote ‘National General Hong Beom-do’, was held at ‘Pyeongsan Bookstore’, where former President Moon Jae-in works as a bookstore keeper. Pyeongsan Bookstore Facebook capture
Former President Moon Jae-in said of the real estate policy when he was in power, “There were parts that were pushed around by public opinion or populism,” and “It is painful that trust in the policy was lost.” Former President Moon posted a post on Facebook on the morning of the 7th recommending the book ‘Real Estate and Politics’ by Kim Soo-hyun, former head of the Blue House policy office who led real estate policy during the previous administration. In this article, former President Moon said, “‘Real Estate and Politics’ is a book that examines the Moon Jae-in administration’s real estate policy by the author, who was in charge of real estate policy as Senior Secretary to the President for Social Affairs and Policy at the Blue House in the early days of the Moon Jae-in administration. It is an honest admission and reflection on mistakes.” It also contains harsh self-criticism. “His thoughts on real estate issues are the same as mine,” he said. At the same time, former President Moon evaluated the real estate policy at the time of his administration, saying, “Until June 2019, Korea did relatively well amid the surge in global real estate prices due to excessive liquidity.”
Screenshot of former President Moon Jae-in’s Facebook ※ Click on the image to enlarge.
He continued, “However, from the following year, as the bubble of excessive liquidity reached its peak due to the massive monetary release and ultra-low interest rates in countries around the world to respond to the coronavirus, the real estate price surge became even steeper, and Korea was no exception. “It was an unprecedented situation in history, but there were mistakes in policies and mistakes, and there were also parts that were pushed around by public opinion or populism,” he wrote. “More than anything, it is painful that trust in the policy was lost.” Regarding former Chief Kim, “He became a target of those who attacked the Moon Jae-in administration’s real estate policy due to the symbolism of being in charge of real estate policy in the early days of the administration, and he himself did not evade that responsibility and wrote a painful book. “Recently, he has been in trouble as he has been included in the Board of Audit and Inspection’s investigation request,” he said. He said, “Now real estate has gone beyond a housing issue and has grown into a problem of asset inequality and generation gap. He added, “We will need measures with a greater perspective,” and added, “I recommend the book in the hope that it will provide reflection and lessons no matter how you evaluate the Moon Jae-in administration’s real estate policy.” Reporter Oh Yeon-seo loveletter@hani.co.kr
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