Minister Kim Yun-duk of the Ministry of Land, Infrastructure and Transport said on the 27th at the second large-scale real estate forum chaired by the prime minister, "I have developed a strong desire to build dwellings even if it means lifting the green belt," adding, "If necessary, the Ministry of Land, Infrastructure and Transport (MOLIT) is actively considering allowing dwelling supply by lifting part of it."

Minister Kim Yun-duk of the Ministry of Land, Infrastructure and Transport meets with SK hynix President Song Hyun-jong at the National Assembly Members' Office Building in Yeouido, Seoul, on the 23rd to discuss public-private cooperation measures, including establishing a national industrial complex to expedite semiconductor investment in the Honam region. /Courtesy of Ministry of Land, Infrastructure and Transport.

The Minister said this while answering a question related to dwelling supply at the forum held that day. A real estate expert at KB Kookmin Bank noted, "While dwelling supply is certainly necessary, turning even Seoul's green belt into housing sites by lifting it does not seem desirable," to which the Minister responded in a way suggesting it is in fact necessary.

The Minister said, "In principle, I oppose converting green belts into housing sites, but since becoming the Minister of the Ministry of Land, Infrastructure and Transport (MOLIT), I think differently."

The Minister also said the government will restructure the administrative system to accelerate supply. The Minister said, "The president has already instructed us to change the step-by-step supply system into a parallel implementation system." The Minister added, "We are putting in place a system to simultaneously carry out housing site development, industrial complex creation, and various permitting procedures."

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