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President Lee calls for all-out efforts to boost housing supply

Summary by The Korea Times
President Lee Jae Myung on Tuesday stressed the need to cut the time required for administrative procedures in building homes, calling for all-out...

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On the 20th, President Lee Jae-myung stated, “I hope you will not be bound by existing practices and procedures, but instead launch an all-out supply campaign by shortening the time required from land development to various permits and groundbreaking as much as possible.” During a Cabinet meeting held at Che 청wadae (the Presidential Office) on the same day, President Lee said, “Housing stability is the core for the substantial improvement of the…

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President Lee Jae-myung stated on the 20th, “I hope you will launch an all-out campaign for housing supply by shortening the time required from land development to permits and groundbreaking as much as possible, without being bound by existing practices and procedures.” Speaking at a Cabinet meeting held at the Blue House that day, the President remarked, “Housing stability is a core foundation for the substantial improvement of the people’s liv…

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On the 20th, President Lee Jae-myung announced a 'sudden supply cutoff' to stabilize the real estate market by shortening the time required for housing permits and construction starts as much as possible.

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(ATTN: UPDATES with Cabinet meeting results in last 4 paras)SEOUL, Oct. 20 (Yonhap) -- President Lee Jae Myung on Tuesday stressed the need to cut the time required for administrative procedures in building homes, calling for all-out efforts to boost

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연합뉴스-Yonhap News Agency broke the news in Seoul, Korea (the Republic of) on Tuesday, October 20, 2026.
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