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Korean house prices rise most during Moon s administration - The Korea Economic Daily Global Edition
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New real estate taxation policy faces strong backlash
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Government accelerating moves to revamp real estate policy
Posted : 2021-04-21 16:09
Updated : 2021-04-21 16:30
Finance Minister Hong Nam-ki speaks during a ministerial meeting to discuss the real estate market at the Government Complex Seoul, Wednesday. Yonhap
Land ministry unveils supply plan of 30,200 new homes
By Lee Min-hyung
The government is accelerating moves to revamp its real estate policies in order to increase the supply of housing and ease regulations to alleviate market concerns and regain the public trust, following the ruling party s failure to win in the April 7 by-elections for mayors in Seoul and Busan, the country s two largest cities.
Posted : 2021-04-08 16:41
Updated : 2021-04-08 19:47
Finance Minister Hong Nam-ki speaks during a ministerial meeting to monitor the local real estate market, at the Government Complex in Seoul, Thursday. Courtesy of Ministry of Economy and Finance
By Lee Min-hyung
Finance Minister Hong Nam-ki reiterated his strong willingness to minimize post-by-election instability in the local real estate market amid signs of a bubble in some speculation-prone areas. A satisfactory housing supply can never be achieved independently by the central or regional governments, Hong said during a ministerial meeting. I hope the central government and local ones enhance cooperation in achieving this.
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