Protests Growing Over Korean Government’s Real Estate Policies
The unhappiness of the Korean public is growing at the Moon administration’s efforts to manipulate the real estate market:
![Three civic groups in protest of the government's real estate measures throw their shoes up in the air at a demonstration held in Yeongdeungpo District, western Seoul, on Aug. 1. [NEWS1]](https://i0.wp.com/koreajoongangdaily.joins.com/data/photo/2020/08/13/e66f6d67-2cb9-4dc2-a2d9-67a7d1ae367c.jpg?w=640&ssl=1)
With the average jeonse price in Seoul millimeters from the 500-million mark, people are taking to the streets and claiming the government is forcing them into rent servitude and denying their rightful place as members of the propertied class.
According to KB Kookmin Bank’s monthly report on real estate prices Thursday, the average jeonse long-term deposit price for apartments in Seoul was 499.22 million won ($421,500) last month, up 7.7 percent from the same period last year.
In July the average jeonse price in Seoul for 3.3 square meters (35.5 square feet) was 19 million won. This means the jeonse price for an 86.95-square-meter apartment in Seoul is 499.3 million won. (…………….)Civic groups gathered in front of the government’s administrative office in Gwanghwamun Thursday demanding President Moon remove Land Minister Kim Hyun-mee from her post. Their criticism was strong, calling the real estate measures a failure. They also urged the government stop coming up with more, claiming that the real estate measures have created many innocent victims.
“They are nothing but a political ploy that goes against market principles and are ineffective in helping the lower classes. The government wants to turn everyone into rent migrants so that more people become their core supporters,” said one participant at the event.
Another participant mentioned how torn younger people are to hear the government promote the monthly rent system over living in a jeonse flat and asked if the administration will be “happy to see everyone in the country live as tenants in government-owned rental apartments.”
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“happy to see everyone in the country live as tenants in government-owned rental apartments.” YES. commie moon pie learned well from his Pyongyang masters.
Next step is to rewrite the Constitution for Commie Moon.
The late Robert Mugabe, the Pyongyang-trained former school teacher and terrorist leader who became PM of Zimbabwe, was quoted as saying he wanted absolute power.
This was defined by an associate as “the whole country on their knees begging for a handful of mealies (a local type of corn)–with no other place to turn.” And he also thought he had 2x as many people as needed. The population of 13M self-corrected to 6M and has started to grow again (Wikipedia uses bad numbers for dates between 1980 and 2018) as some fled to other countries and others starved to death or were murdered by the so-called “veterans” (teens too young to have fought in the unsuccessful revolution).
Looks like Moon got the same idea. I expect the armed youth enforcing masks and/or social-distancing are just around the corner. And after they have served their purpose, they will probably receive the same reward Mugabe gave his former supporters in the Gukurahundi, or Stalin gave the Kulaks, or Adolf gave the SA…
History does repeat…
Moon already has his SS with the KCTU, Department of Justice and crooked prosecution doing his bidding.