Deputy Prime Minister's response to the criticism of "tax relief, giving people away"

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From now on, we will discuss the economic policy direction of the new government in detail with Deputy Prime Minister Choo Kyung-ho.

[Chu Kyung-ho / Deputy Prime Minister of Economy: The current economic situation is such that prices are soaring and the economy is falling.

And the financial and foreign exchange markets are also unstable due to the rapid increase in interest rates in the United States, but the most important thing is price stability.

Therefore, to stabilize prices, the government is currently providing financial, taxation, and financial support.

We are trying to reduce the cost burden of our processed foods and foods related to our diet, and we are investing about 230 billion won in energy vouchers for energy-poor households, and then tariffs to alleviate the burden of various international raw materials and oil prices. Measures such as cuts are being implemented now.]

[Cho Kyung-ho / Deputy Prime Minister of Economy: Looking at the past five years, Korean companies' overseas investment has increased tremendously, but domestic corporate investment is almost at a standstill.

This is ultimately not good for our business environment.

There are various regulations here, and then we have a lot of details to say.

So, at the very least, it is a good way to revitalize the Korean economy as a whole to lower the burden on companies to an international level, and to revitalize the economy through active autonomy and creativity, creating jobs and investing actively. And I came to present these measures this time.]

[Chu Kyung-ho / Deputy Prime Minister of Economy: As you know, the tax on property taxes is the only system in the world that exists in Korea.

It should have been a system that the Korean people could accept to some extent, but there is a part that has been raised too much, so that part is normalized. In regards to this, since high-value investors pay a stock transfer tax, they always pour out new listings at the end of the year, and thus increase volatility in the stock market. This is a measure to revitalize the stock market, which is currently in a bad situation.]

[Cho Kyung-ho / Deputy Prime Minister of Economy: Actually, it is an artificial regulation like the 3rd Law on Leases, a policy that goes against the order of the market a little bit.

Such a policy should not have been born, but the fact is that such strong regulations are so strong in real estate that so-called so-called unilateral measures are being implemented without an agreement between the ruling and opposition parties.

So I think this system should disappear quickly, but if you turn it around at once, the market may be very confused.

It is difficult to abolish this system right now, I think.

And since there are people who will have a burden on the cheonsei rental market, we will come up with measures soon while thinking about ways to make the market a little more leased and to reduce the burden on those who use the cheonsei rental. The expected.]

[Cho Kyung-ho / Deputy Prime Minister of Economy: We increased the automatic renewal from 2 years to 4 years because we thought that the artificial compulsory regulation itself, introducing such a system itself was not desirable.

That is not desirable, but such an approach itself is not good, and this is basically supply and demand.

It is right to take measures so that the amount of cheonsei in the market can come out, and if you artificially control the flow of the amount, artificially control the price, and intervene in this way with the price, eventually the market will be distorted. I think so.]

[Cho Kyung-ho / Deputy Prime Minister of Economy: In times like these, the government will take the lead and take the lead.

However, I earnestly hope that Korean businesses, the people, the labor community, and the political circles will cooperate and come together to overcome this difficult situation for price stability.]