freeze

March 20 (Asia Today) — Kim Hyung-nam, a Seoul mayoral hopeful from the ruling Democratic Party, said Friday he would freeze rent increases and expand public rental housing if elected, framing housing insecurity as the city’s most urgent problem.

Kim, a former secretary-general of the Military Human Rights Center, told Asia Today he would seek to separate the sales market from the rental market to help stabilize housing costs in Seoul. He said he would pursue a temporary 0% cap on rent increases during his term.

Born in 1989, Kim described himself as a younger candidate but said he does not support a separate youth platform. He said problems facing younger residents should be treated as issues affecting all generations, arguing that unresolved housing and economic pressures on people in their 20s and 30s will eventually weigh on broader society.

At the center of his housing agenda is a proposal for the Seoul city government to buy villas and multifamily homes and secure 100,000 public rental units. Kim said public authorities must take the lead in the rental market to reduce housing instability and curb rent burdens.

He also criticized redevelopment policies around university districts, saying they failed to reflect steady demand for small rental units and helped drive up monthly rents by reducing supply.

On broader regional policy, Kim said Seoul’s high housing costs are worsening overcrowding in the capital region. He said people should move to other regions because of opportunity, not because they are priced out of Seoul. For that reason, he called proposals to absorb parts of Gyeonggi Province into Seoul a step backward rather than a fundamental solution.

Kim also pointed to his decade of activism on military human rights issues as evidence of his administrative ability, saying his experience in budget oversight and policy advocacy prepared him to move from criticism and proposals to planning and execution.

He said his broader political goal is to make Seoul a city where people can live without being pushed to the edge by housing and living costs, and pledged to protect what he called “citizens’ tomorrow.”

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260319010005894