South Korea to Fast-Track Housing Supply in Seoul to Cool Prices

South Korea will accelerate efforts to boost housing supply in the Greater Seoul area, broadening its response to a yearlong rally in apartment prices after a raft of earlier measures to curb speculative demand proved insufficient.

Authorities are now moving to make the impact more visible by fast-tracking building of about 60,000 homes from as earlier as 2027, starting with projects in city centers, Finance Minister Koo Yun-cheol said in a statement Thursday.