As early as this week, the government is announcing pre-generation measures to stabilize the jeonse market, such as supplying rental housing.



As public opinion deteriorated due to the intensifying cheonsei crisis, it was decided to prepare additional measures to partially compensate for the cheonsei-related part while maintaining the direction of the existing real estate policy.



According to related ministries such as the Ministry of Strategy and Finance and the Ministry of Land, Infrastructure and Transport, the government plans to announce measures to stabilize the jeonse market as early as this week and at the latest next week.



A government official said, "Beyond keeping a close eye on the market situation, we believe that it is correct to come up with countermeasures in any form and are conducting discussions between relevant ministries. Rather than taking a completely new countermeasure, we are maintaining the direction of the existing real estate policy. "It will be a form that compensates for some side effects."



Another government official said, "It's a step to look at the different measures that can be put forward," and "I'm seriously looking at the direction of increasing supply."



The ruling Democratic Party, the ruling party, is also showing its willingness to solve the real estate problem by announcing the launch of the Future Housing Promotion Team this week in'Awooseong' of public opinion on the jeonse crisis.



However, it is expected that this pre-generation policy will be prepared by the government in large part, even after consultations with the party government.



There was a prospect that the promotion team would announce measures sooner or later, but the Democratic Party decided to take a longer breath and consider measures after the promotion team was launched.



"It is difficult to come up with real estate measures immediately after the promotion team is formed," said a key Democratic Party official. I will deal with it."



However, it is a concern that in the current situation, the policy cards that the party can offer are not appropriate.



Deputy Prime Minister Hong Nam-ki and Minister of Equipment, said, "I have reviewed all the pre-generation policies over the past 10 years. There are not many sharp short-term measures."




Because of this, there are many prospects that it will be difficult to come up with a'big' countermeasure.



The government plans to come up with detailed supplementary measures focusing on the jeonse market, inconsistent with the existing policies to stabilize the trading market.



There is no modification of the existing policy directions such as the 3rd Lease Act.



Key measures such as expanding the supply of public rental housing such as jeonse rental and shortening the supply schedule are under review.



Tax incentives, such as the expansion of monthly rent tax credits mentioned by the Minister of Land, Infrastructure and Transport, are also subject to review.



Even in a situation where the government is difficult to come up with such a'sharp short-term countermeasure', the reason why the 24th real estate countermeasure was introduced is due to the jeonse crisis, such as a shortage of jeonse properties and a steep price increase.



The shortage of jeonse is so severe that the ``lots'' of jeonse contracts have occurred, and jeonse prices have risen for 12 consecutive months nationwide, and have increased further since the end of July when the new lease law took effect.



According to the Korea Appraisal Board, the nationwide apartment rental price in the third week of this month rose 0.21% from the previous week, recording the largest increase in five years and six months since the third week of April 2015 (0.23%).



In the early days of the deepening of the jeonse crisis, the government maintained its position to observe the situation, saying,'We will strengthen monitoring'.



The reason for the cheonsei crisis is partly due to the new lease law, but the stability of the trading market and seasonal factors are large, and there are concerns that if the jeonse plan is prematurely implemented in a situation where the trading market calms down, it was cautious because there were concerns that it could have adverse effects.



However, public opinion flowed negatively, citing government regulations and new lease laws as reasons for the jeonse crisis. 



(Photo = Yonhap News)