Press Conference: Disappointing Jeonse and Monthly Rent Measures

The press conference, held 473 days after the president's inauguration, was unusual as it took place without a clear reason, such as a typical one-year anniversary or an overseas trip. Despite the extraordinary nature of the conference, the government provided an unclear explanation for the root causes of its declining approval ratings. This led to an assessment that the press conference lacked a clear purpose.

This reminiscent of the previous government's anti-real estate stance, which provoked market backlash. Analysis indicates that failures in stock and real estate policies are major contributors to the government's declining approval ratings.

The president requested that only the facts be clarified through investigation, stating that matters concerning prosecution should be left to the National Assembly.

This clarified a stance that had not occurred before and would not in the future. It was pointed out that the deployment for safe passage of vessels should be distinguished from deployment for war support, and ambiguity still exists regarding the scope of operations for the Cheonghae Unit.

However, if house prices do not rise, rent fees tend to increase. Analysis suggests an inverse relationship between real estate prices and rent.

Wealthy individuals from rural areas move to Gangnam, causing a ripple effect that displaces residents from outer areas. Criticism is raised that the government is overlooking the actual shortage of housing for residents.

Although the government expressed its will to curb real estate prices, there is a discrepancy between the beliefs of those who predict a real estate collapse and the government's realistic measures. Despite promising a meticulous response to the jeonse and monthly rent issues, no concrete policies were presented. The lack of communication in interpreting the president's remarks on jeonse left much to be desired.

Analysis suggests that an overly calculating approach during investment fund negotiations provoked the United States. As negotiations stalled, the U.S. intensified pressure with substantive demands such as the relocation of semiconductor factories, troop deployment, and the release of specific individuals. The president officially confirmed that the time for signing the U.S. negotiation had arrived.

The U.S. refused to include the phrase, fearing it might accept irrational demands, and our working-level officials continued to request its inclusion until the night before the negotiation. Final agreement was only communicated at 7:30 AM on the day of the negotiation, and it is pointed out that the inclusion of this phrase could lead to future legal burdens, such as audits for public officials.

This leads to technological limitations in adopting advanced equipment such as smart farms and drone agriculture. The average small farm size of 200-300 pyeong is cited as a major reason for decreased agricultural productivity. Such fragmented farmland makes it difficult to adopt efficient farming methods using large tractors or drones.

There is a lack of concrete methods for agricultural modernization and economies of scale. It is emphasized that speculative investigations are a matter of actual enforcement, not just declaration, and clear policy direction setting is needed.

The nature of the Blue House press corps' reporting and their favorable analytical approach may have played a role. It is stated that the questions were aimed at problem-solving, not at embarrassing the president.

Analysis emerged on the background of the press conference starting with a low tone and an apology. Criticism was also raised that the president's attitude of cutting off questions mid-sentence conveyed coldness. This reveals a gap between the public's perception of livelihood and the president's awareness, demonstrating the limitations of the press conference's staging.

The Bank of Korea directly printing money is not the entirety of liquidity provision. Liquidity can only be released when commercial banks issue many loans. As commercial bank loans increase based on base money, money is released into the market, which in turn stimulates real estate.

The government used abundant tax revenue to repay bonds. Specifically, a surplus in the budget resulted from strong tax revenues from semiconductor companies, which allowed the government to repay national debt rather than issue more bonds and increase debt. This can serve as a basis for refuting concerns about national debt.

There are methods of lowering taxes for multi-homeowners with high tax rates based on price, and raising taxes for lower-priced homes. This time, taxes for single-homeowners were raised, effectively amounting to a tax increase. The opinion was also presented that a 'neutral tax reform' without an increase in tax revenue is a way to reduce political burden.