Democratic Jin Sung-jun, Capital Region Mortgage Limit of 600 Million 'Seeing Effects'

[Financial News] Jin Sung-jun, the policy committee chair of the Democratic Party of Korea, diagnosed on the 13th that the 'Household Loan Management Plan (6·27 Real Estate Measures)', which limits housing mortgage loans (mortgages) in the capital region to within 600 million won as part of real estate market stabilization, is showing effects. 
Jin, the policy committee chair, revealed this during an appearance on KBS 1TV's 'Sunday Diagnosis Live'. He stated that regarding the government policy limiting the capital region mortgage to 600 million won, "We see that it has been effective," and added, "The government and the ruling party should be prepared in advance for follow-up measures. You can assume that they are preparing in that way."
Jin, the policy committee chair, argued that the follow-up measures should be 'supply measures'.
He said, "Supply measures like new towns take over 10 years to realize, so it's important to check the progress of existing plans and push them forward quickly," suggesting the 3rd new town construction plan, old new town redevelopment plan, and Seoul area central public redevelopment plan announced at the end of the Moon Jae-in administration.
With the personnel hearings for the first cabinet ministerial candidates of the Lee Jae-myung administration starting in earnest from the 14th, he expressed his stance on the opposition's backlash, saying, "We should listen to how the candidate explains and if it's not convincing at all, we should seriously consider it."
Jin, the policy committee chair, said, "In principle, we should support the president's personnel authority," but added, "If it's an issue that cannot be explained in any way from the public's perspective, we should reconsider it."
Regarding the possibility of additional issuance of the 'People's Livelihood Recovery Consumption Coupon' to be distributed from the 21st, he said, "It entirely depends on the economic situation," and added, "If the economic situation is too severe, even if it means incurring debt, we should plan and execute a third supplementary budget, a third consumption coupon project, and other projects."
He added, "There is no financial capacity to launch another project like the consumption coupon. However, if the economic situation is too bad, we cannot say 'we can't do it because we can't incur debt for a supplementary budget' forever."

cjk@fnnews.com Choi Jong-geun Reporter