Land minister nominee vows faster housing supply amid rising home prices
Hong Jee-sun, nominee for land, infrastructure and transport minister, said Wednesday he will mobilize all available resources to accelerate the housing supply and stabilize the market. Hong made the remarks during a parliamentary confirmation hearing amid growing public concerns over rising home prices in the Seoul metropolitan area. "I will mobilize both public and private sector resources to…
Hong Jee-sun, the nominee for land, infrastructure, and transport minister, pledged on Wednesday to expedite the housing supply and stabilize the market, addressing the mounting public worry over escalating property prices in Seoul. During a parliamentary confirmation hearing, Hong emphasized his commitment to utilizing both public and private resources to increase housing production in regions where people desire to reside.
Drawing from his experience in local government administration, Hong outlined plans to tackle practical obstacles such as permit and approval delays to enhance policy execution. Additionally, he assured the strengthening of housing assistance for young individuals and newlyweds while offering heightened defense for vulnerable segments, such as the elderly and those affected by rental deposit fraud.
Hong underscored the significance of balanced regional development as a matter of national survival, asserting that the government would sponsor extensive projects to establish cutting-edge industrial centers beyond the Seoul metropolitan area.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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