Housing Market in Crisis, Policy Response Measures... Construction Economy Research Institute and Housing Association Seminar Held

View of apartments and residential area from Inwangsan Mountain in Seoul / Photo by Yonhap News

[Asia Economy Reporter Noh Kyung-jo] The Korea Research Institute for Construction Industry and the Korea Housing Association announced on the 8th that they will jointly hold a seminar titled "Housing Market in Crisis: Diagnosis and Response" at the Construction Hall in Gangnam-gu, Seoul, on the afternoon of the 15th.

This seminar was organized to examine the current issues of the housing market entering a recession and to seek policy response measures. Anyone can attend without prior registration.

The seminar presentations will be given in the order of Huh Yoon-kyung, Research Fellow at the Korea Research Institute for Construction Industry (Current Housing Market Diagnosis and Policy Alternatives), followed by Lee Tae-hee, Associate Research Fellow (Evaluation of Government Housing Supply Policies and Institutional Improvements: Focusing on Seoul's Redevelopment Projects).

Afterwards, a comprehensive discussion will be held moderated by Professor Lee Yong-man of the Department of Real Estate at Hansung University. Panelists include Park Tae-jin, Director of the Housing Maintenance Division at the Ministry of Land, Infrastructure and Transport; Jung Jong-dae, Head of the Seoul Housing Policy Support Center; Kim Yeol-mae, Research Fellow at NH Investment & Securities; Lim Cheol-jin, Executive Director at Samsung C&T Corporation; and Ji Gyu-hyun, Professor of Digital Architecture and Urban Engineering at Hanyang Cyber University.

Research Fellow Huh said, "As domestic and international uncertainties increase, the sense of crisis in the housing market is intensifying," adding, "We are witnessing phenomena similar to the foreign exchange and financial crisis, where both transaction declines and financial risks occur simultaneously."

He continued, "It is important to set policy directions for market stabilization," and added, "To effectively respond to the housing market entering a recession, the Korea Research Institute for Construction Industry, which studies the housing market, and the Housing Association, representing the field, jointly planned this seminar."

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