SEOUL, Aug. 16 (Korea Bizwire) — South Korea will supply 2.7 million new homes in the next five years by easing regulations for redevelopment and reconstruction and allowing the private sector to join downtown development projects, the transport ministry said Tuesday. The home supply plan is the first of its kind since President Yoon Suk-yeol [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea will gradually provide a total of 360,000 housing units in Seoul by 2028 as part of its broad home supply plan to stabilize the real estate market, the transport ministry said Thursday. The government plans to supply the homes mainly to underprivileged people in the capital city [...]
SEOUL, Dec. 19 (Korea Bizwire) — The South Korean government on Wednesday announced the second stage of its plans to supply more homes to stabilize the overheated housing market, involving the building of 155,000 homes in areas near Seoul. On top of the 35,000 new homes announced in September, 155,000 dwellings will be created at [...]