Oh Se-hoon: "Lee Jae-myung–Jeong Won-oh Team Will Create a Real Estate Hell"

"Monthly Rent Slavery" Burden Passed Directly onto Youth

On Party Leader Jang Dong-hyuk's Support: "Doubtful It Meets Public Expectations"

Oh Se-hoon, the People Power Party's candidate for Seoul mayor, announced his youth housing support pledges while directly criticizing Jeong Won-oh, the Democratic Party candidate. He attributed the causes of the housing crisis among young people to the real estate policies of the government and the Democratic Party, arguing that "market distortions could worsen."

Housing Support Initiatives Such as 'Mirinae House' and 'Saessak One-Room' Announced in Sillim-dong

Seohun Oh, the People Power Party candidate for Seoul mayor, is announcing his youth housing support policy in a residential area in Sillim-dong, Gwanak-gu, Seoul on the 2nd. Photo by Yonhap News

On the morning of May 2, Oh visited a residential area in Sillim-dong, Gwanak-gu, Seoul, where he unveiled expanded support plans for youth monthly rent and deposit assistance. He pledged to increase the number of youth eligible for monthly rent deposit support to 42,000 and extend the support period to 12 months.

For young households preparing for marriage and childbirth, he promised to supply an additional 4,000 units per year of the long-term lease housing program 'Mirinae House.' He also pledged to provide 10,000 units of 'Seoul-style Saessak One-Room' for incoming university students and to offer up to 30 million won in interest-free deposit assistance.

He also presented housing measures for low-income youth. For young people whose income is below 50% of the median, he promised to supply 2,000 units of 'Didimdol Youth Housing,' where rent is set at 10-30% of the market rate, and 5,000 units of co-living houses with a principle of 100% jeonse deposit guarantee. In addition, he said he would select 12,500 'Youth Companion Landlords' who would freeze rents near university areas and provide assistance with brokerage fees and repair costs.

"Arrogance to Overcome the Market with Regulations Is Passed on as Suffering for Youth"

After announcing his pledges, Oh posted on Facebook to criticize the government's real estate policies. He wrote, "The arrogance of trying to conquer the market with taxes and regulations, and the reckless experimentation, has resulted in the burden being passed on to young people as 'monthly rent hell' and 'monthly rent slavery.'"

He continued, "If the 'Moon Jae-in–Park Won-soon duo' froze the market by drying up supply, the 'Lee Jae-myung–Jeong Won-oh combination' is not only repeating that failure but could escalate to even more blatant and direct market distortions," adding, "The Lee Jae-myung–Jeong Won-oh team will create an even worse real estate hell than the Moon Jae-in–Park Won-soon team."

Earlier that morning, Oh also attended the opening ceremony of the 26th Women's Marathon held at Peace Square in World Cup Stadium, Mapo-gu, Seoul, where he encountered Jeong Won-oh.

Distancing from the Central Party... Questions about Support from Party Leader Jang Dong-hyuk

Meanwhile, after his pledge announcement in Sillim-dong, Oh was asked about party leader Jang Dong-hyuk's support message for candidates and his plan to attend campaign openings in Busan and Daegu over a two-day, one-night schedule from May 2. Oh responded, "I am grateful for the support," but also added, "I question whether the direction of our party will be accepted by the public."

Oh has previously called for Party Leader Jang to step back from the frontline or resign, citing issues with the party's direction. He continues his campaign while keeping a distance from the central party.

This content was produced with the assistance of AI translation services.