Kim Yongbum: "We Must Supply Long-Term Rentals Favored by Young People... Reviewing Jeonse and Wolse Measures"

Policy chief Kim Yongbum stated on the 6th regarding real estate policy, "We need to implement even more extraordinary measures from the supply side," adding that the government is currently reviewing measures for jeonse (lump-sum lease) and monthly rental housing.

Speaking on YTN Radio's "Lee Donghyeong's News Frontline" that evening, Kim said, "Compared to a year ago, the pressure of real estate demand has become much stronger." He had also remarked at the Kwanhun Forum on June 24, "We just need to build more housing. We must discuss extraordinary measures to achieve this."

Kim Yongbum, policy chief of the Presidential Office, is speaking at the Kwanhun Forum held at the Press Center in Jung-gu, Seoul on the 24th. June 24, 2026 Yonhap News Agency

Kim emphasized, "Basically, the current difficulties stem from having built fewer houses in 2024 and 2025, but we cannot blame ourselves for that. In addition to the current Third New Town projects and last year's supply of 60,000 units in the Seoul metropolitan area, we must make desperate efforts to increase housing supply."

He continued, "It is also necessary to provide long-term rental options that match the preferences of younger generations. There are people currently struggling due to jeonse and monthly rent. We are reviewing new, multi-layered measures, including ways for Korea Land & Housing Corporation to increase supply through purchase-type rentals, as well as overall jeonse and monthly rental policy."

Meanwhile, regarding the selection of Gwangju Military Airport as the site for the Honam semiconductor cluster, Kim commented, "The key is how quickly a new military airport can be built in Muan. Since there is a fixed amount of time required to construct a military airport, if the training needs of Gwangju Military Airport are dispersed quickly, the land can be used without having to wait for the new airport in Muan to be completed."

He further emphasized, "There is no need to expropriate land for Gwangju Military Airport. If only the airport is relocated or the aircraft are dispersed to another airport, the land can be utilized."

This content was produced with the assistance of AI translation services.