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S. Korea to invest 26.4 trillion won in housing stabilization

S. Korea to invest 26.4 trillion won in housing stabilization
President Moon Jae-in identified housing market stability as a “crucial policy task.”
Thursday, January 7, 2021 11:53 PM UTC
South Korea will spend over 26.4 trillion won to develop new towns in Incheon and build other infrastructure in the first half of the year to curb soaring housing prices.
The said infrastructure projects include the construction of a railroad linking Pohang and Samcheok in Gangwon Province and a highway connecting Hamyang County in South Gyeongsang Province and the Ulsan Metropolitan City will be included in the SOC project.
President Moon Jae-in identified housing market stability as a “crucial policy task.” ....

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