Koo Yun-cheol, Deputy Prime Minister for the Economy and Minister of the Ministry of Economy and Finance, said on the 15th that regarding development of the Taereung golf course site, where 6,800 dwellings were previously to be supplied, "We will break ground in 2029, one year earlier than the original plan."
Koo, the deputy prime minister, said this while presiding over a meeting of ministers related to real estate on the morning of the same day. Listings in the real estate market increased before the resumption on the 9th of heavier capital gains taxes on multiple-home owners and then recently decreased.
Koo said, "About 2,900 units, including the Gangseo military site and mixed-use redevelopment of old government buildings, are planned to break ground next year." He added, "We are reviewing measures to boost housing stability by supplying in the short term dwellings ready for occupancy, including non-apartment types such as officetels."
Koo said, "Regarding business loans over which misuse concerns have been raised, we will expand the inspection targets from individual rental business operators to corporate rental business operators and will inspect all business loans secured by dwellings." He added, "Small loans will also be included within the inspection scope."
Meanwhile, Koo also presided over a meeting of the Emergency Economic Headquarters and a meeting of ministers related to the economy the same day. Koo said, "In the latter half of June, the economic growth strategy will include strategies to strengthen economic security and achieve an energy transition." He continued, "We will also prepare tasks to achieve a rebound in potential growth and resolve polarization, and we will closely reexamine the impact of changes in economic conditions, such as strong semiconductors, to present a revised economic outlook and macro policy direction." Earlier, the government had set this year's economic growth target at 2.0%.