<Anchor> This is a
friendly economic time. Today (29th) I will be with reporter Kim Hye-min. Did you hear that there is a survey result of an economic research institute asking domestic economic experts about the current government's economic policy?
<Reporter>
Now, the Moon Jae-in government has entered the second half of his administration. This is the point in time when the policies that have been introduced in the meantime are starting to be evaluated one by one.
An economic research institute conducted a survey on how the Moon Jae-in government judges the economic policy.
It was a survey of 113 domestic companies, research institutes, and financial institutions, and it was the result of asking economic experts, not the general public.
First of all, most of the respondents answered 'real estate policy' to the question of which part of the current government's economic policy was the most insufficient. About 6 out of 10.
In particular, even after the government has taken special measures one after another, real estate prices have risen sharply again recently. If you look at apartment prices in the metropolitan area, the average sale price has increased by more than 100 million won in eight months.
After real estate, 'reducing social polarization' and 'innovating various regulations' were cited as the things that received evaluations that the Korean government was insufficient.
<Anchor> That's
right. I don't think there is much difference between experts and the general public. So, have you come up with a solution to how to stabilize the real estate market?
<Reporter>
Reconstruction and redevelopment were the options most often chosen by experts.
About 1 in 3 people picked this up. However, the current pace of reconstruction and redevelopment is not progressing well.
The mayor of Seoul, Oh Se-hoon, who promised private reconstruction and redevelopment, was elected, but the situation is still the same.
Most of the experts answered that the 'supply of new housing land' should be increased next. He also saw the need for 'relaxation of building regulations such as floor area ratio' and 'expansion of public and rental housing'.
On the other hand, the proportion in favor of measures that require stricter regulations were all low, below 5%.
<Anchor> In the
end, it is said that supply should be expanded, and experts were of the opinion that not only new supply but also reconstruction and redevelopment should be expanded by loosening restrictions. Then I saw the parts that were lacking so far. Still, there are definitely some good points. So, what was the best part?
<Reporter>
I picked 'the part that greatly expanded welfare' as a good choice. Recently, there have been many welfare policies for small business owners and low-income families who have been affected by COVID-19. Also, there were a lot of respondents who said that the policies related to 'nurturing new industries' were excellent.
We also asked economists about their predictions for the Korean economy, and as for the full-fledged recovery period, one in three thought it was the second half of this year. This answer was the most common.
The response that 'recovery has already started' also showed a high proportion of about 30%. About 20% of the respondents said they would recover in the first half of next year.
<Anchor>
Overall, the economy will recover. Although there are some differences in timing, there is no disagreement about the economic recovery. Then it would be nice if it recovers a little faster. What factors have you diagnosed as needed to recover quickly?
<Reporter> If the
economies of advanced countries rebound, our exports will also increase. The most common response was that the economies of developed countries should recover first.
In addition, 'recovery of consumer sentiment' and 'getting out of the effects of Corona 19' were also considered important factors.
On the other hand, as for factors that will have a negative impact on the Korean economy, I have actually explained several times in this section, but I was most worried about the increase in household debt.
Due to the craze of stock and real estate investment, Korea has ranked third in the world in terms of household debt growth over the past year. Even compared to developed countries, this is a relatively steep situation.
It is expected that the base rate will be raised within this year, so those who have a lot of loans should go into management.
In addition, 'a rise in raw material prices' due to the negative impact on the Korean economy also showed a high proportion of responses.