Abstract

The newly launched government announces its new real estate policy that plays an important role in the success or failure of the new government. Launched on May 10, 2022, the Yoon Seok-yeol government set “Korea Leaps Again, a Country of the People Living Together” as its national vision and selected 110 national tasks to implement them. Among them, “[Promise 02] We will correct real estate policy from the public's perspective” said that it will improve the housing finance system, such as expanding housing supply, realizing housing stability through market function recovery, normalizing real estate tax for stable housing, and providing tight and strong housing welfare. In addition, “[Promise 17] We will build a bridge of hope to support the dreams of young people,” it promised to provide customized support such as housing to young people. After that, the National Housing Stability Realization Plan was announced to embody these national tasks. In this article I summarized the “five strategies for realizing national housing stability” proposed by the government and analyzed the countermeasures for pending real estate market issues embodied at the 3rd real estate-related ministers’ meeting. And then I tried to examine what real estate policies the new government has prepared and how they are embodied, and review regulations related to the new government’s real estate policies.

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