The Ministry of Economy and Finance will use state-owned land to carry out the "Sept. 7 measures," a plan to expand dwellings supply.
The Ministry of Economy and Finance (MOEF) held a meeting of the "task force to review dwellings supply using state-owned land" at Government Complex Seoul on the 7th. The meeting was attended by related ministries, including the Ministry of Economy and Finance (MOEF) and the Ministry of National Defense.
On Sept. 7, the government released that it would develop state-owned land and aging public office buildings to break ground on 28,000 units by 2030 in order to stabilize the dwellings market and promote housing stability for the public.
This was the first meeting since the launch of the "task force to review dwellings supply using state-owned land," and discussed ▲ directions for mixed-use development using state-owned land ▲ dwellings supply targets by ministry ▲ plans to expedite project implementation.
Kang Young-gyu, fiscal management officer at the Ministry of Economy and Finance (MOEF), said, "There is a need to actively expand the role and function of dwellings supply using state-owned assets, such as aging public office buildings," adding, "We ask that you make every effort so that the public dwellings groundbreaking target in the Seoul metropolitan area can be exceeded."