▲ Kim Yi-tak, First Vice Minister of Land, Infrastructure and Transport
Kim Yi-tak, First Vice Minister of Land, Infrastructure and Transport, stated that the goal of breaking ground on 62,000 public housing units in the Seoul metropolitan area this year must be pursued as planned to ensure that the public can feel the tangible results of housing supply at an early stage.
Kim presided over the '2nd Task Force Meeting on 2026 Public Housing Supply' held today (June 24) at the joint housing supply task force conference room of the Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation (LH) to review the status of public housing supply.
The meeting was attended by four major public corporations: LH, Seoul Housing & Communities Corporation (SH), Gyeonggi Housing & Urban Development Corporation (GH), and Incheon Housing and City Development Corporation (iH).
According to the review, the target of breaking ground on 11,000 units in the first half of the year is being met without setbacks, and the Ministry of Land, Infrastructure and Transport projects that the year-end goal of 62,000 units will also be achieved as planned.
The ministry explained that as a result of shifting the supply target to the start of construction and actively promoting the expansion of construction starts, public housing construction in the Seoul metropolitan area has recovered to its highest level since 65,000 units were recorded in 2020.
The Ministry of Land, Infrastructure and Transport plans to accelerate projects by conducting administrative procedures in parallel and will monitor the supply situation every month to ensure there are no setbacks in achieving the year-end goal.
Furthermore, the ministry aims to break ground on more than 70,000 units next year by managing projects from the compensation and site preparation stages, and by proactively resolving bottlenecks at each stage to minimize the possibility of supply delays.
"Please identify and resolve factors causing delays at each project stage early on, and ensure thorough management through close collaboration between relevant agencies so that the plans to break ground on 62,000 units this year and over 70,000 units next year can be implemented without any setbacks," Kim urged.
(Photo courtesy of the Ministry of Land, Infrastructure and Transport, Yonhap News)
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