South Korean Presidential Chief of Staff for Policy, Kim Yong-beom, emphasized the urgent need to increase housing supply during a recent forum. His remarks, translating to “just build (houses),” reflect growing concerns over escalating property prices across all sectors – sales, jeonse (long-term lease), and wolse (monthly rent). The statement signals a potential shift towards prioritizing construction, even considering non-apartment options, to address the housing shortage. This comes as the nation grapples with a sustained period of rising housing costs and limited availability. The government appears to be signaling a willingness to accelerate building projects to alleviate pressure on the market. The focus is on increasing the overall housing stock to counter the current market trends. This policy direction aims to stabilize prices and improve housing accessibility for citizens.
