But of course, while many people would sympathize with the government's effort to eradicate excessive real estate speculation,... others would argue that this clause would give the government too much power and encroach on people's private property rights.
A dispute over big or small government, prevalent in many countries.
Last but not least, let's take a look at how the government's proposed revision to the Constitution might change the form of government in Korea.
Well, if the government's bill goes through parliament, and that is a big IF,... South Korea will see a major change in the President's term in office, and a shift in the balance of power between the different branches of government.
The Moon administration is proposing a four-year, two-term presidency.
When the South Korean Constitution was last amended in 1987, the President's term of office was limited to five years with no possibility of re-election.
That stipulation was put in place as South Korea was coming out of a long period of military dictatorship.
The Blue House is stressing that times are different now, as exemplified by the "candlelight revolution" and its culmination last year.
However, the Blue House emphasized that the new system will be applied starting with President Moon Jae-in's successor; the government's proposal stipulates that Moon's term will end, as currently scheduled, on May 9th, 2022.
If the new system is adopted, the number of national elections taking place during a single Presidency will change as well.
Currently, the national leader's five years in office start with the Presidential election, which is then followed by a local election and a general election.
The government's proposal will have the Presidential and local elections take place at the same time, starting four years from now,... with the general election serving as a mid-term evaluation.
