Speeding up follow-up measures for the 2·4 supply plan... Provincial Land Management Act and Gongju Act to be revised within March

[Image source=Yonhap News]

[Sejong=Asia Economy Reporter Kim Hyunjung] The government is accelerating follow-up measures to the plan announced on the 2nd to expand housing supply in metropolitan areas.

On the morning of the 9th, Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, held a meeting of related ministers (Green Room Meeting) at the Government Seoul Office to discuss the follow-up plan for the "Public-led 3080+ Metropolitan Area Housing Supply Drastic Expansion Plan."

At the meeting, the government decided to push forward with amendments to laws related to the measures announced on the 4th, including the Urban and Residential Environment Improvement Act and the Special Act on Public Housing, by next month. In addition, LH and SH will hold focused briefing sessions intensively over the next three months, and the designation of new public housing sites will be expedited as much as possible. Furthermore, a collaborative system among local governments, LH, SH, and other related organizations will be established and operated.

The Ministry of Economy and Finance explained, "There was consensus that concretizing the already announced supply plans and ensuring swift and certain execution are key to stabilizing the housing market, and it was decided to proceed with related matters at a rapid pace."

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