On the front page of President Moon’s New Year’s address, “Apologizing for Real Estate Issues”
President Moon Jae-in said on the 11th, “I can finally see the end of the dark tunnel. With a lot of uncertainty removed, it is now possible to predict, forecast and plan. This year, we will fully recover our daily lives and leap forward as a leading country in a new era with a quick and strong economic recovery.”
President Moon promised free vaccination and job expansion for the whole people. For the first time, he apologized for the’housing problem’. President Moon said, “I am very sorry to the people who are very discouraged by the difficulties of housing. I will not hesitate to come up with necessary measures for the stability of housing. With special emphasis on supply expansion, we will quickly come up with a variety of housing supply plans that can be quickly effective.”
On the 12th, the nationwide morning general newspapers reported on President Moon’s New Year’s address on the front page. Among the contents of the New Year’s Address, I focused on the part where I said “very sorry for the real estate issue”.
In an article on the front page of the Hankyoreh, “President Moon, who declared his willingness to’never lose in the war on real estate speculation’ a year ago, apologized for the real estate market insecurity, using the expression’regret’. President Moon said,’I am very sorry to the people who are discouraged by the difficulties of housing. I will not hesitate to come up with necessary measures for the stability of housing.’ In particular, President Moon reportedly announced a change in the keynote of the real estate policy, saying,’We will quickly come up with a variety of housing supply plans that can be effective quickly with a special emphasis on supply expansion.’
The Chosun Ilbo said in an editorial, “The apartment price in Seoul for the three years of the Moon administration rose 58%, recording the worst in history. This is the result of ignoring the market principle and blocking supply and overregulating, blaming the previous government and speculators. The surge in house prices in Seoul has spread across the country using the government’s false diagnosis and ignorance.”
It is natural for the government to increase supply to solve the real estate problem, but there were also concerns that it would loosen necessary regulations. In an editorial, Kyunghyang Shinmun said, “It is natural that adequate supply helps stabilize the market. However, there is concern that necessary regulations will be released in the process. In particular, I am worried that there is even a plan not to suppress excessively high sales prices when supplying to the private sector. If you do so, there is a risk of releasing the reins of pre-sale prices and fanning the prices of nearby houses.”
The Kyunghyang Shinmun said, “It is not unusual that some of the passports recently came up with a theory of easing capital gains tax. Deputy Prime Minister Hong Nam-gi, the economic command tower, and Rep. Jin-pyo Kim, head of the Democratic Party’s emergency economic countermeasures, who served as the deputy prime minister, pointed out this. The reason real estate policies did not work properly is that they did not boldly introduce measures such as the July 10 countermeasures at the beginning of the regime, and only repeated tinkering prescriptions. Now is the time to keep the principle of retrieving unearned income from real estate and stabilizing prices down while providing adequate supply wherever there is demand. “We must not shake the principle by being swung over by the supply-first.”
Individual investors buy up to 4.5 trillion won
Individual investors broke the record for net buying of 4,492.1 billion won (as of the 11th). The net purchase of individual investors on this day was more than double the previous maximum of 2.22206 billion won on November 30 last year.
On this day, institutional and corporate investors sold 3.7 trillion won worth of sales, recording the highest sales ever, but individual investors bought 700 billion won more than that, keeping the KOSPI at the 3,000 line.
Newspapers expressed concern as they reported the news. In the article on the front page of the Chosun Ilbo, “Individual investors who are making’debt investment’ are increasing. The’credit loan’ that individual investors borrowed money from securities companies to invest in was 20.32 trillion won on the 8th, an increase of 200 billion won from the previous day. The credit balance of the five major banks, including KB Kookmin Bank, also increased by about 450 billion won at the beginning of this year (4-7 days).”
The Hankyoreh reported on the front page of the stories of people feeling deprived of the stock rage. In the article, the Hankyoreh reported both cases of people who made a profit from investing in stocks and those who lost money from investing in stocks.
In an article on the front page, the Hankyoreh said, “The stock craze appears once every few years, including the venture capital craze in 2000, the fund trend in 2007, and the rising period after the recovery of the financial crisis in 2009. The joke that’everyone got rich except me’, which was popular at that time, came without fail this year. There is also a so-called’FOMO (Fear Of Missing Out) Syndrome’, which is suffering from the sentiment of’only I seem to be falling behind’ and jumping into investment. In particular, in recent years, due to the overall rise in asset prices such as real estate, bitcoin, and stocks, the phenomenon of ordinary people calling themselves’thunderbolt’ (the opposite of the thunderbolt) has arisen.”
On the cutting board of’AI ethics controversy’
Start-up Scatter Lab, the developer of’Iruda’, an artificial intelligence chatbot with the concept of a 20-year-old female college student, decided to temporarily suspend the service on the 11th. Immediately after the controversy, Scatter Lab announced its intention to continue the service by solving the problem, but it seems that it has declared a stoppage when public opinion is not so serious.
Released on the 23rd of last month, Iruda is a character with the concept of a 20-year-old female college student, and you can have daily conversations with subscribers. It has more than 400,000 subscribers. However, in the process of talking with Eruda, controversy grew as remarks of hate for the disabled and minorities poured out.
The JoongAng Ilbo devoted all 12 pages to report on Eruda, which sparked the AI ethics issue. The JoongAng Ilbo said, “Will it be okay for humans to sexually harass AI chatbots whose purpose is to satisfy human moods, or whether it is appropriate for AIs that have learned about human biased conversations to continue service even though they imitate minority hatred? “Do it”.
The JoongAng Ilbo said, “The problem of personal information also emerged. It is known that the KakaoTalk conversation data of the love coach app (Science of Love) operated by Scatter Lab, who developed Eruda, was used for learning Eruda. On the 11th, the Personal Information Protection Committee requested data from Scatter Lab on the 11th to find out the facts.”
The JoongAng Ilbo said, “Recently, the’Iruda Shock’ broke out in a situation where social and industrial expectations for AI technologies such as voice assistants and autonomous driving have increased. Even in their teens and twenties, the issue of gender discrimination with strong explosive power was entangled. If you have to live with AI anyway, voices are increasing to come up with a social consensus on AI ethics at this opportunity.” After explaining, “AI chatbot teams such as Facebook and Google are also preventing controversy by avoiding hate topics.” Pointed out.
In an editorial, the Hankyoreh said, “With this work, more fundamental and broader discussions and countermeasures on the ethical standards of artificial intelligence are needed. While the pace of development of artificial intelligence using data is so fast that it is hard to keep up, the development of technology to control the problems that derive from it is only slow. It is virtually impossible to do only with the efforts of individual companies, and if this is neglected, you may face a situation of out of control. At the end of last month, the government established’Artificial Intelligence Ethics Standards’ based on the basic principles of human dignity, the public good of society, and the purpose of technology. He advised that if these principles do not become a good tabletop debate, experts and civil society should participate and come up with practical plans.”
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