Jang Donghyuk Visits Youth Studio Apartment: "Real Estate Must Be Solved Through Supply, Not Words"

People Power Party Youth Housing Task Force Holds On-Site Meeting
Emphasizes the importance of housing supply policies backed by effective implementation
"Policy should focus on homeownership rather than public rentals"

Jang Dong-hyuk, leader of the People Power Party, visited youth rental housing in Mapo-gu, Seoul, on November 3 and said, "Real estate problems must be solved through actual housing supply, not words." He criticized the government's regulation-focused real estate policies and called for housing to be supplied through effective action.

At a field meeting of the Youth Housing Task Force under the Special Committee on Normalizing Real Estate Policy, held that day at E-Land PEER Sinchon, a Youth Safe Housing complex in Mapo-gu, Seoul, Jang said, "We created a separate Youth Housing Task Force because we felt the need for tailored real estate policies specifically for young people," adding, "This visit is our first step."

People Power Party leader Jang Dong-hyuk visits a youth housing complex in Mapo-gu, Seoul, and meets with members of the party's Real Estate Policy Revamp Special Committee Youth Housing Task Force on the 3rd. Courtesy of Yonhap News Agency.

He criticized the government, saying, "It has pursued regulation-focused real estate policies that are out of touch with the market. Whenever its policies fail to produce results, the president posts on social media to intimidate people with words and mislead the public." He continued, "Youth housing problems cannot be solved by merely citing numbers and pretending to provide housing. We must supply homes in the areas where young people truly want to live, and in the types of housing they want," adding, "The problem can be fundamentally solved only if housing policy is pursued with genuine commitment."

Those attending the site visit included Im I-ja, the party's policy committee chair; Cho Jung-hoon, chair of the Youth Housing Task Force; and Kang Myung-gu, the party's deputy secretary-general for organization. Jang and the others inspected the shoe cabinet, bathroom, and closet inside a studio apartment for young people, then checked the facilities and fees at the basement laundry room.

Cho, who heads the Youth Housing Task Force, criticized the Democratic Party's youth housing policy as a "rent at all costs" approach centered on public rental housing, while describing the People Power Party's approach as "ownership at all costs."

"It is a lie to say that people will be able to own an apartment in Gangnam as soon as they graduate from university," Cho said. He added, "The core of the People Power Party's youth housing policy should be to create conditions that allow people to live where they want as they move through marriage and having children and reach their mid-30s."

Im, the party's policy committee chair, reiterated that the "People's Livelihood Solutions Budget" announced by the People Power Party that day includes a plan to increase monthly rent support for young people without homes and newlyweds from KRW 200,000 to as much as KRW 500,000.

She also proposed providing up to KRW 3 million in emergency rent assistance to young people struggling to pay rent because of job loss or unpaid wages, and up to KRW 1 million in moving expenses for young people starting new jobs or changing jobs. "We will see this through so young people can focus on their studies and work without worrying as much about tuition and housing costs," she said.

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