First Public Forum on Real Estate Policy: What Is the Key Focus?

[Anchor]

Starting today, July 14, the government is holding a series of public forums to gather public opinion on real estate policy. The expansion of housing supply is expected to be the primary topic of discussion at today's inaugural session.

Reporter Kwon Ran has the story.

[Reporter]

The government is launching its first series of public forums on real estate policy, spanning three days starting today, July 14, to collect feedback from the public.

This afternoon, a forum chaired by Minister of Land, Infrastructure and Transport Kim Yun-deok will be held, attended by ministry officials, academics, representatives from the housing and financial sectors, and members of the general public.

The session is expected to focus on measures to expand housing supply, including revitalizing the supply of non-apartment housing, expanding urban renewal and reconstruction projects, and addressing tasks to supplement supply measures.

Discussions are also expected to cover the progress and current challenges of the September 7 measures, which set a goal of breaking ground on 1.35 million housing units in the Seoul metropolitan area by 2030, as well as the January 29 plan, which includes a supply plan for 60,000 units in prime locations within the capital region.

There is also a possibility that various opinions will be raised regarding overall housing policy, including measures for residential stability such as addressing the rapidly rising costs of jeonse (long-term deposit rental) and monthly rent, expanding the supply of quality rental housing, as well as discussions on regulated areas, land transaction permit zones, and officially assessed land prices.

Following today's event, a housing finance forum hosted by the Financial Services Commission will be held tomorrow, and a real estate tax policy forum hosted by the Ministry of Economy and Finance will follow the day after. The government plans to continue these discussions at a national town hall meeting presided over by the President on July 23.

Rather than announcing new policies, the government intends to focus on listening to public opinion regarding existing supply expansion plans and incorporating that feedback into the future real estate policy-making process.

(Video Editing: Jung Yong-hwa)
※ Please note: This article was translated by AI and may contain errors.