In the biggest housing pledge by the Moon administration so far,. South Korea will build around 830-thousand new housing units across the country by 2025.
Finance Minister Hong Nam-ki said on Thursday that this plan is devised to stabilize the overheated real estate market. We have prepared this exceptional plan of supplying housing units that goes above market expectations by establishing a fast-track system for redeveloping housing areas and securing new housing sites. Through this, we plan to supply a total of some 830-thousand housing units by 2025.
Minister of Land, Infrastructure and Transport Byeon Chang-heum revealed the details of the plan dubbed Public-led 3080-plus .