Jin Sung-joon: "We must shift the paradigm from real estate to virtual assets and capital markets"

Democratic Party of Korea Policy Committee Chair Jin Sung-joon proposed the institutionalization of the stock and digital asset (virtual asset) markets as a measure to stabilize the real estate market.

According to the industry on the 8th (Korean time), Jin participated in a KBS Radio 'Special News' interview and stated, "We need measures to allow the funds concentrated only in real estate to move to other investment destinations," and insisted that it is time for a shift in the asset paradigm.

Previously, President Lee Jae-myung also mentioned the need to vitalize the stock market as a solution to the concentration of funds in real estate.

Jin particularly mentioned virtual assets as an alternative investment along with the stock market. "As the President emphasized, we must present new investment opportunities," he said. "For example, we need to institutionalize the stock market and the virtual asset market, improve fairness and transparency, and give the public confidence that they can invest with peace of mind," he added.