Korea will prioritize policies to speed up housing supply and address volatility in the property market while tackling speculative trading, the finance minister said Friday. Finance Minister Koo Yun-cheol made the remark during a meeting on real estate policies with relevant ministries, noting Korea will accelerate the timetable for existing housing supply projects by streamlining approval procedures, according to the Ministry of Finance and Economy. For example, Koo said the country plans to start construction on a project in Seongnam, south of Seoul, that will supply 6,300 new homes in 2029 instead of the original target of 2030. “We will remove hurdles at housing construction sites and break ground as early as possible,” Koo said. The government will launch a support center led by the land ministry to closely inspect factors delaying construction at project sites and provide comprehensive support to resolve difficulties, he added. “Korea will proactively address illegal activities in the real estate market that undermine the effectiveness of housing supply policies,” Koo said, referrin
