<Anchor>

President Moon Jae-in said today (10th) that the housing market is stabilizing and that the effects of real estate measures are slowly appearing. He said he would also consider establishing an organization to oversee the real estate market for the effectiveness of the measures.

First, reporter Deokki Yoo.

<Reporter>

President Moon Jae-in evaluated that a comprehensive version of housing and housing policies was prepared as a series of real estate measures.

Tax reform to collect unearned income, loan regulations to prevent speculative capital inflow, supply measures for end users, and enforcement of the Lease Protection Act.

Then, the current real estate market was diagnosed like this.

[President Jae-in Moon/Cheong Wa Dae Senior Aide Meeting (Today): The effects of comprehensive measures are gradually appearing. The housing market, which had been overheated, has stabilized, and the rise in house prices has begun to subside.]

In addition, Korea's ownership tax burden is only half of the OECD average, and it is a major that has adopted the standard rental system with unlimited rights to apply for contract renewal. He stressed the legitimacy of the policy, saying that the level of protection for tenants is still low compared to developed countries.

He also mentioned ways to change the real estate policy system divided by sectors such as taxation, supply, and loans from the root.

[President Jae-in Moon/Cheong Wa Dae Senior Aide Meeting (Today): We will also review the establishment of a real estate market supervisory organization if necessary for the effectiveness of the measures.]

Like the Financial Supervisory Service, it is possible to create an organization that investigates and establishes countermeasures for all transactions such as expedient gift and tax evasion, illegal resale, and house price fixing in the real estate market.

There may be confusion at some sites due to the fact that the system has changed a lot at once, but it can be interpreted as expressing a willingness to strongly push the current policy stance.

President Moon also mentioned measures to reduce property tax for middle and low-priced one-homeowners, which are expected to be released around October.

(Video coverage: Shin Dong-hwan, video editing: Kim Sun-tak, CG: Um So-min)