Feb 26 • 02:06 UTC 🇰🇷 Korea Hankyoreh (KR)

Han Byeong-do: "We will establish full measures to prevent speculative forces from gaining a foothold in rural areas"

Democratic Party leader Han Byeong-do announced plans to implement measures in collaboration with the government to prevent real estate speculation in rural Korea, particularly regarding agricultural land that is not being farmed.

On the 26th, Han Byeong-do, the leader of the Democratic Party's National Assembly, emphasized that the party would work closely with the government to ensure that speculative forces have no place to operate in rural areas. This statement follows President Lee Jae-myung's directive on the 24th to consider sales orders for unused agricultural land as part of efforts to eradicate real estate speculation in the country. During a policy coordination meeting held in the National Assembly, Han pointed out that President Lee's instruction to conduct a comprehensive survey and review of the sales orders aligns with the constitutional principle of managing agricultural lands by individuals engaged in farming.

Han stated that they aim to cleanse the land of speculation, reaffirming the commitment to restore the integrity associated with the genuine agricultural principle of managing farming grounds. Additionally, the chair of the policy committee, Han Jeong-ae, highlighted plans to review numerous exceptions in current laws to ensure that they support actual agricultural activities. She pointed out that the existing agricultural law allows for extensive recognition of non-farmers owning agricultural land, which has significantly impacted rental farmland, with over 50% of farmland being leased by non-farmers—ultimately leading to rising land prices and making it difficult for young farmers to return to farming.

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🇰🇷 Korea Feb 25 • 00:17 UTC

President Yoon: 'Is ordering the sale of farmland communist? Is Lee Seung-man, who established 'land for those who farm it' also a communist?','summary_en':'President Yoon emphasized that the order for farmland sales is a legal measure to combat speculative land transactions, dismissing critics who likened it to communist policies.','summary_long_en':'President Yoon Sook-yeol of South Korea has defended his administration’s directive to order the sale of farmland, clarifying that the measure is intended to prevent speculative transactions in agricultural land. During a recent cabinet meeting, he specified that the government is not targeting inherited farmland or land that is intentionally left unused due to the owner's age or other circumstances. Instead, he indicated that the focus is on instances where individuals acquire farmland under the guise of farming plans but fail to utilize the land for agricultural purposes thereafter. Yoon reiterated the constitutional principle of

Hankyoreh (KR)