Apartment complexes are seen from Lotte World Tower in Seoul on Wednesday, ahead of the South Korean government's announcement of housing supply measures. Photo by Yonhap
The government said Thursday it will push to supply more than 230,000 additional homes in the Seoul metropolitan area by accelerating development on public land, lifting some greenbelt areas and supporting private-sector projects, as part of efforts to rein in high housing prices.
The Ministry of Land, Infrastructure and Transport announced a comprehensive package aimed at expanding housing supply and stabilizing both the rental and sales markets, with a focus on Seoul and other high-demand areas in the capital region.
The latest measures build on the Lee Jae Myung administration's housing supply plan announced in September 2025, under which the government aims to start construction on 1.35 million homes in Seoul, Incheon and Gyeonggi Province by 2030.
Under that plan, the government has sought to accelerate housing construction on public land while making greater use of existing public assets and other underutilized land.
