Industry
South Korea to add 230,000-plus homes in capital region, to announce 100,000 new sites this year
South Korea plans to add 230,000-plus homes in the Seoul capital region by speeding up public land development, raising the pace of redevelopment and urban housing projects, and expanding non-apartment supply and public sale and rental housing. The government will cut the time from announcing candidate public sites to starting construction and will announce 100,000 homes in new public housing districts this year. It also plans to ease rules for redevelopment and provide new public rental and lease-support programs for young people.
