Han Seong-suk: “1.19 million public housing units by 2030 ... ‘Housing Supply Dashboard’ to be opened to everyone”

[Financial News] Prime Minister Han Seong-suk said, “We will supply 1.19 million public housing units by 2030 without a hitch, and will make a surprise announcement in the first quarter of next year, unveiling a ‘Housing Supply Dashboard’ that will let everyone see the stages of housing supply in real time.” She also made clear the principle that cities for public agency relocations, to be announced in the fourth quarter of this year, would be chosen according to “concentrated growth by region,” rather than “equal distribution.”
On the 7th, Prime Minister Han made the remarks at a press briefing marking her 100th day in office, held at the Prime Minister’s Residence in Sejong City. “With the approach of putting supply first, no ifs or buts, the government is concentrating its efforts on dramatically accelerating the pace of housing supply,” she said.
To address the housing problem, the government plans to supply 1.19 million public housing units by 2030, through public rental housing and for-sale units, without a hitch. It plans to actively direct semiconductor-related tax revenues and the government’s improved fiscal resources toward stabilizing housing for people, particularly through “universal public rental housing.”
In addition, starting in the second half of next year, the government will step up a program to acquire newly built properties in prime areas of Seoul through Korea Land and Housing Corporation (LH) and offer them at 60–70% of surrounding market prices, to help young people and others struggling with high rents and lease deposits. It plans to increase LH’s budget for the program.
New administrative infrastructure will also be built to speed up housing supply. The most notable measure is the “Digital Housing Supply Dashboard,” set to be unveiled in the first quarter of next year.
Prime Minister Han said, “We will create a dashboard that lets everyone—not just the president—see the stages of housing supply, including permitting, sales and move-ins, as they are.”
The plan is to activate this system to identify in real time why housing supply projects are stalled on the ground, clearly assign responsibility for resolving each issue to the relevant person in the relevant ministry, and put in place a system that enables the ministry in charge to address problems immediately.
Prime Minister Han stressed, “To accelerate housing supply, we will select the 300 top-priority districts and focus on managing them, with officials from the Ministry of Land, Infrastructure and Transport (MOLIT) and the Financial Services Commission deployed to sites at the same time so they can resolve bottlenecks on multiple fronts.” She also said the government would address project-financing (PF) problems to ease funding shortages at project sites and prioritize loans related to housing supply.
To support this, an integrated support system will also be established by bringing together the Financial Services Commission’s loan support and MOLIT’s permitting support center, enabling all related matters to be handled through a one-stop service.
The principles for relocating government ministries and public agencies were also reaffirmed.
On the relocation of public agencies to regional areas, Prime Minister Han said, “I’ve been giving a lot of thought to what equality and balance mean. Is it balance to divide everything into equal shares?” She made clear a regional growth principle that moves away from “equal distribution”—scattering agencies equally across all innovation cities—and instead maximizes the “concentration effect” that allows businesses and public agencies to work together.
The government plans to finalize and announce its public agency relocation plan in late November or early December this year, after consulting with the relevant organizations.
[email protected] Jeong Sang-gyun Reporter