The National Land Transport Commission’s National Territorial Law Review Subcommittee in progress at the National Assembly in Yeouido, Seoul. News 1
Six out of the top 30 members of the National Assembly’Apartment Rich’ were found to be active in the Standing Committee of the National Assembly related to real estate policy. In addition, it was found that the top 30 apartment properties reported their property 34% lower than the market price.
On the 26th, the Citizens’ Federation for Economic Justice Practice (Gyeongsil-ryon) held a press conference and claimed, “Despite the public’s concern about conflicts of interest, several members of the National Assembly, who are multi-homed and rich in real estate, were still conducting legislative activities.” The lawmakers pointed out by Gyeongsil-ryeon are Kim Hoi-jae, Kim Hee-guk, Song Eon-Seung, Lee Heon-seung, and Gyeonggi Committee member Seo Byung-soo and Yoo Gyeong-jun.
Apartment rich lawmakers report an average of 34% lower
According to data from the Gyeongsil Ryeon, the average apartment property per person of the top 30 apartment property among the 21st lawmakers was 3.77 billion won. The total amount of apartment reports reported during the candidate period or at the beginning of the 21st National Assembly was 75 billion, or 2.5 billion won per person. However, in November last year, the market price was 38.1 billion to 1131 billion. Overall, it is possible to deduce that the report is 34% lower than the market price.
Over the past decade, the average number of apartments they owned per unit rose from 1.24 billion won in 2010 to 2.22 billion won in 2020, an increase of 980 million won (79.4%). In particular, during the Moon Jae-in administration, in May 2017, an average of 1.49 billion won per unit increased to 730 million won (49.4%).
“The price of apartments owned by lawmakers has risen a lot over the past 10 years. In particular, the Moon Jae-in administration has shown a 50% increase over the past four years,” said Gyeongsilryeon. “The reason why the National Assembly does not go out to remove bubbles despite the severe increase in apartment prices is that The people have no choice but to doubt that it is to take care of the enormous unearned income that follows.”
“Real estate reporting needs to be strengthened”
As of last year’s general election in April, 19 members of the People’s Strength, including Rep. Park Deok-heum, were the largest number of lawmakers who were included in the top 30 apartment property. The apartment property they reported was 44.1 billion won (2.32 billion won per person), but the market price in November 2020 was 70 billion won (3.69 billion won per person). Among the top 30, 9 members of the Democratic Party were members of the Democratic Party, and their reported apartment property was 27.1 billion won (30.1 billion won per person). Last November, the market price was 37 billion won (4.11 billion won per person).
“When reporting assets of high-ranking officials in 2021, it is mandatory to report to the current generation of the real estate held, and detailed information such as the location of the real estate must be disclosed together,” said Kyungshilryeon. “The real estate speculators aiming for unearned income caused by the real estate bubble “We need to prevent entry into the National Assembly and make it possible to monitor legislative activities in the National Assembly.”
Reporter Kwon Hye-rim [email protected]