On February 17, People Power Party lawmaker Jang Dong-hyuk sharply criticized President Lee Jae-myung for branding multi-property owners as unconditional ‘social evils’ and aggressively promoting this view on social media. Jang described the president’s approach as ‘truly pitiful and worrisome.’
Facebook Response to President’s Social Media Post
Jang addressed the issue directly on Facebook, responding to President Lee Jae-myung’s recent social media statement. He argued that as the nation’s leader and head of the executive branch, the administration shows no real effort to address housing anxiety. Instead, it divides citizens into those who own homes and those who do not, resembling an ‘election broker’ tactic aimed at gaining votes in upcoming local elections.
Multi-Property Owners Are Ordinary Citizens, Jang Argues
‘Even within this administration’s inner circle, those tracking high-interest private housing loans and workers’ deductions are not foolish speculators but everyday citizens burdened by soaring interest rates and relying on full-time job benefits,’ Jang stated. He accused the government of unfairly labeling these individuals as society’s ‘bad apples’ out of a handful of misplaced anger, calling such judgments neither righteous nor fair.
Jang emphasized that a true leader unites the people rather than fostering division. He questioned whether a legitimate president would ignore an expected 5 billion won capital gain from a ‘Bundang redevelopment lottery’ post-tenure, likening it to discarding a rotten apple while cherishing one’s own.
Historical Housing Price Surges Under Left-Wing Governments
Jang pointed out that if multi-property owners were responsible for inflating home prices, surges should have occurred under conservative administrations as well. However, apartment values skyrocketed only during the Roh Moo-hyun, Moon Jae-in, and Lee Jae-myung eras. ‘It’s not multi-owners but the regulatory policies of left-leaning governments that drove up prices,’ he asserted.
He further criticized the administration for dividing citizens despite reaching the presidency, labeling it a shameful spectacle that pits the well-fed against the hungry. ‘Creating divisions among the youth stems from presidential incompetence, not multi-property ownership,’ Jang added.
Call for Real Solutions Over Social Media Agitation
Citizens seek a president who resolves housing hardships, not one stirring division through finger-pointing over ‘stomach aches,’ Jang said. He urged the administration to prioritize realistic public housing measures, similar to those under former President Lee Myung-bak, rather than fixating on election calculations.
Jang also called for a major livelihood recovery conference and warned that begging for ‘likes’ on social media is inappropriate. Instead, the executive head should present a clear roadmap for tackling the economic crisis with genuine atonement toward the public. He highlighted the need to discuss housing realities amid current issues, including opportunities related to major firms like Coupang.
