Sunday , September 20 2020

Entering General Mode Policy… "Except Sensitive Content, Most Popular"


Entry 2019.11.17 06:00

In response to the government's economic policy of September this year, critics say only the drumming up, except for the solution needed to improve the constitution of the Korean economy. It has been shown that the government has already entered the general elections regime next year, focusing on the most popular, except for sensitive issues that are expected to have negative public opinion.

Among the economic policies announced by the government from September to 17 this month, the four biggest policies to respond to changes in population structure (September 18-November 13) транспорт Metropolitan Transport 2030 Vision (October 31) Cap (November 6). Policies deal with issues that require structural solutions such as the aging Korean economy, population decline and housing instability due to overpriced housing in some areas.

Experts point out that the recently announced policy is not "necessary to reform Korea's economic structure, but may lead to falling support rates". Sung-Jun Seon, professor of economics at Fonsey University, said: "The upper limit of pre-sale prices is different from market movement, which may not work as anticipated and may cause side effects in the long run." Usually something is given in the country, that is related to popularity. "

Real estate near Daechi-dong, Gangnam-gu, Seoul
Real estate near Daechi-dong, Gangnam-gu, Seoul

The Democratic Party District is out of range, and the Adjustment Zone is posted on the sales price cap.

Recently, the real estate market has been hot, with the Ministry of Land and Infrastructure announcing on 6th of this month that a pre-sale cap is being applied and adjustment space has been released. The Ministry of Land, Infrastructure and Transport has recently announced that it has chosen a pre-sale cap area based on trends and regulations on house prices, but there are doubts that the decision has been taken in the general election.

The representative area is Gangnam-gu. The number of dongs in Gangnam-gou, Seoul, designated as a pre-sale hat is surface, more than half of the total of 14 dongs. Six of the 14 Donggangs in Gangnam-gou, which are not subject to the upper limit of the sale price, are the Shinto, Nonhion, Jagok, Segok, Fulheon and Suseo shrines. The six dungs ​​head to Gangnam-eul (Gaepo, Ilvon, Jagok, Segok, Fulhion, Suseo), the governing Democratic Party's Jeone Hyun-he district.

The same day, Kim Hyun-mi, the Minister of Regional Land, Yeiyong Goyang-s (Ilsan Seo-gu, Goyang-ongong) and the three districts of Busan Dongra, Swim and Jaeunde-gou, were considered a general election battle. raised from the subscription adjustment area. The affected areas have restricted mortgage rates (LTVs) and total debt repayment rates (DTIs) and are subject to the same subscription regulations as the subscription overheating area. When this restriction is lifted, the local real estate economy comes to life, so local public sentiment is sensitive.

The Ministry of Land, Infrastructure, Transport and Tourism's vision of a "broad transport 2030" also made it difficult to avoid controversy over "priority measures ahead of general elections". By 2030, it will shorten the transit time between metropolitan area centers by 30 minutes by establishing GTX in the western part of the metropolitan area. The main content is to add the "GTX D" route.

The GTX A line has just begun to build, while lines B and C have just undergone a preliminary feasibility study (eg), adding new lines. While running a large business, they did not mention the budget or specific timetable needed to proceed with the project.

Measures There are no population measures, a policy of small part reduction

The government launched the Pan-Government Task Force (TF) in April to announce plans for low birth rates and rapid aging in September-November this year. Low birth rates and aging are very fast, and birthrate policies that have been introduced so far have not worked together. Korea is the only OECD country with an overall fertility rate of less than 1 (0.98 · 2017), well below the OECD average of 1.65.

However, the government's main plan is to inject national funds to benefit the elderly. This includes expanding retirement benefits and a "continuing employment system" that provides workers with 60 years of employee subsidies. Expected response, such as national pension reform, which raises the burden of aging and seniority of the elders, were not included in the measures.

Main contents of response to demographic changes
Main contents of response to demographic changes

The government is unaware of the seriousness of the national pension reform. In December 2017, when the country assumed office, a National Committee on the Development of the Pension System, a public-private joint organization, was set up to prevent impoverishment of national pensions. However, last December, the ball went to the National Assembly, followed by the Committee on Economic and Social Affairs, a body of social consensus. Politicians, however, do not want to touch on national pension reform, an unpopular issue ahead of the April general elections.

Raising the age of the elderly, who is 65, is also a policy that is not popular but needs to be discussed. According to the Elderly Welfare Act, the standard of care for the elderly is a standard set in 1981, when the expected life expectancy was 66.1 years. It has been shown that the average life expectancy does not correspond to the reality over 80 years old.

However, the baby boom generation (born 63 ~ 1955), who is 65, is vehemently protesting. Increasing the age of the elderly delays the receipt of benefits and benefits. That is the point that the government wants not to provoke the baby boom generation, which has a large number of voters, before the general election.

Jo Ounun-mo, a professor at Sungkinwan University, said: "It is necessary to increase demand by increasing government spending in a recession, but we need a bold alternative that touches on the underlying issues, rather than the welfare of cash wages." "There's just discussion about it."

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