Feb 19 β€’ 05:43 UTC πŸ‡°πŸ‡· Korea Hankyoreh (KR)

President Yoon: Overcoming the Destructive Housing Republic... Considering 'Permanent Expulsion' for Repeated Anti-Market Acts

President Yoon Suk-yeol vows to overcome the detrimental housing practices in South Korea, emphasizing the need for strict sanctions against anti-market behaviors.

In a recent meeting, South Korean President Yoon Suk-yeol expressed his determination to tackle the destructive real estate practices that contribute to growing inequality and despair in society. He pointed out the urgent need to establish a fair and rational social order that allows for sustainable economic growth. Highlighting the importance of normalizing the real estate market, he reiterated his stance on halting privileges for multiple homeowners as a vital step towards greater equity in housing.

President Yoon particularly stressed the prevalence of anti-market conduct across various industries, including real estate, sugar, flour, and meat. He characterized these collusive practices as deeply entrenched and detrimental to both fair competition and public trust in the markets. Yoon argued that these behaviors not only thwart economic development but also represent a malignant force within the economy that must be eradicated for the nation to achieve a qualitative leap in economic performance. He underscored the need for sanctions that exceed the benefits gained from such collusion, including the serious consideration of permanent expulsion from the market for repeat offenders.

Additionally, President Yoon commented on the nomination of South Korean citizens for the Nobel Peace Prize for their role in overcoming a state of emergency. He praised their courage and capabilities, asserting that their actions would be immortalized in the history of global democracy. The discussion reflects a broader strategy by his administration to address not only economic issues but also to recognize the role of citizen action in preserving democratic values in South Korea.

πŸ“‘ Similar Coverage