Kim Hyun-mi "If apartments were bread, I would have stayed up all night, but supply is difficult right now"

Minister of Land, Infrastructure and Transport Kim Hyun-mi attended the full meeting of the National Assembly Land, Infrastructure and Transport Committee held at the National Assembly on the 30th, touching her hair while reviewing documents. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Chunhee Lee] "If apartments were bread, I would stay up all night to make them"

"Apartments require an absolute construction period... We will supply quality multi-family houses and villas"(Kim Hyun-mi, Minister of Land, Infrastructure and Transport)

On the 30th, Minister Kim Hyun-mi of the Ministry of Land, Infrastructure and Transport attended a current affairs inquiry at the National Assembly Land, Infrastructure and Transport Committee and said, "Apartments take a long construction period, so it is difficult to prepare them immediately," adding, "Instead, we plan to secure multi-family houses and villas and supply them as quality rental housing." Minister Kim responded this way when Kim Gyo-heung, a member of the Democratic Party of Korea, asked why apartment supply was insufficient in the jeonse (lease) measures.

Minister Kim said, "The supply volume of apartments will decrease in 2021 and 2022," explaining the reason as "apartment permits were drastically reduced five years ago, and a considerable amount of public land development projects were also canceled," attributing the cause to the previous government's policies rather than the current administration's.

She continued, "If apartments were bread, I would stay up all night to make them," explaining that since apartments are difficult to supply immediately due to construction period issues, "we will supply multi-family houses and villas with good quality."

When Assemblyman Kim asked about public jeonse measures to resolve the jeonse crisis, Minister Kim replied, "We plan to decide on the project details through a meeting with purchase rental housing operators next month."

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