Gyeongsil-ryeon “The price of land increased by 2.670 trillion won during the last three years of Moon’s administration …

Entry 2020.10.21 11:44 | Revision 2020.10.21 13:26

According to the Moon Jae-in administration, the result of a survey was announced indicating that privately owned land prices increased by 2.670 trillion won in the past three years. The increase in annual average land prices was also the largest among previous governments.

The Citizens Alliance for the Practice of Economic Justice (Gyeongsilryeon) held a press conference at the Gyeongsilryeon auditorium in Jongno-gu, Seoul, on the morning of the 21st, and announced the results of the analysis of land prices in Korea by part of the government. Based on the result of comparing the publicly announced land price and the actual transaction price of his own property, Kyungshilyeon calculated the reflection rate of the average market price of the officially announced land price to estimate the real price of the earth.

According to the Kyungshilyeon, the rise in privately owned land prices was the largest in the Roh Moo-hyun administration. The Roh Moo-hyun administration recorded an increase in land prices of around 3123 trillion won, a 92% increase in land prices compared to the beginning of the regime. The increase in land prices in the Moon Jae-in administration was approximately 2,669 trillion won, the second highest among previous regimes after the Roh Moo-hyun administration. The rate of increase with respect to the beginning of the regime is 36%.

Also, the amount of land price increase by the government was approximately 1,153 billion won by the Kim Dae-jung administration, 1107 billion won by the Park Geun-hye administration, 383 billion won by the Kim Young-sam’s administration and 380 trillion from Roh Tae-woo’s administration. The Lee Myung-bak administration found that the price of land fell by around 195 trillion won, which is 3% compared to the beginning of the regime.

The annual average increase in land prices was the highest in the Moon government. Land prices increased by an average of 890 billion won per year under the Moon administration and 625 billion won per year under the Roh Moo-hyun administration. Furthermore, the annual average price of land increased in the order of 277 billion won in the Park Geun-hye administration, 231 billion won in the Kim Dae-jung administration, 190 billion won in the Roh Tae administration. -woo and 77 billion won in the Kim Young-sam administration.

Gyeongsilryeon criticized Moon Jae-in’s administration as “unearned income-driven growth.” “Annual household income increased by 57.2 million won over three years, from 5172 million won at the end of 2016 to 57.24 million won at the end of 2019,” Kyungshilryeon said. “The price of land increased by 2,669 billion won and 130 million won per household during the same period.” He noted that “unearned income during Moon Jae-in’s administration increased 23 times the increase in family income, which is not based on income, but on growth driven by unearned income.”

Some pointed out that government statistics related to real estate do not reflect the actual price of the transaction. Gyeongsilryeon said: “The price of privately owned land in the Republic of Korea calculated by Gyeongsilryeon is KRW 104 billion, but the Bank of Korea announced 6590 billion KRW, and the price of land announced by the Ministry of Lands, Infrastructure and Transportation (Ministry of Land) was KRW 4345 trillion, defined as, but generated statistics that resulted in a difference of billions of trillion won from the actual transaction price.

Heon-dong Kim, head of the Kyungsil-ryeon Real Estate Construction Reform Headquarters, said: “The Ministry of Land, Infrastructure and Transport did not disclose the total amount of land prices by city and province this year. , which was announced every year.