South Korea Plans ‘Shock’ Housing Supply Boost to Tame Prices
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South Korea says it will boost available housing nationwide with a positive supply “shock” as President Moon Jae-in struggles to tame soaring home prices that are weighing on his approval ratings.
The government will ramp up supply by another 836,000 homes, including 323,000 in Seoul, by 2025 and speed up construction, according to a statement released Thursday by the Ministry of Land, Infrastructure and Transport.