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S. Korea to supply 2.7 mil. houses nationwide over next 5 years mainly in high demand areas Updated: 2022-08-16 11:34:47 KST

In other news.
The Yoon administration has unveiled its first housing supply plan.
During a related meeting on this Tuesday Finance Minister Choo Kyung-ho said some 2.7 million homes will become available nationwide over the next five years as pledged by President Yoon Suk-yeol on his campaign trail.
The new homes will be supplied in high demand regions including the Greater Seoul area through active redevelopment projects.
Also the government plans to provide some 500-thousand new homes at prices below 70-percent of market prices to newly-weds young adults and those making their first home purchases.
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