Seoul: The government will provide an additional 60,000 housing units in the Seoul metropolitan area, focusing on young people and newly married couples, Finance Minister Koo Yun-cheol announced.
According to Yonhap News Agency, the latest housing supply measures for Seoul and neighboring Gyeonggi Province are part of the government's commitment made in September to build more than 1.35 million homes nationwide by 2030.
"The government plans to swiftly provide a total of 60,000 housing units by utilizing idle land in central Seoul with good transportation access, including 28,000 units on state-owned land," Koo stated at a meeting of ministers related to real estate policy.
Koo emphasized that these units will primarily serve young people and newly married couples to address housing concerns among the younger population. He also noted that the government will continue to seek additional sites for urban housing supply and will announce further plans as they are finalized.