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

On the 6th, Kim Yongbum, policy chief of the Presidential Secretariat, stated regarding real estate policy, "We need to devise even more extraordinary measures from a supply perspective," adding that countermeasures for the jeonse and wolse rental markets are currently under review.

Speaking on YTN Radio's "Lee Donghyeong's News Jeongmyeonseungbu" that evening, Kim said, "Compared to a year ago, demand pressure in the real estate market has become much stronger." He had also remarked at the Kwanhun Forum on June 24, "We need to just build more houses. Extraordinary measures must be discussed 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 stressed, "Fundamentally, it is difficult because fewer houses were built in 2024 and 2025, but we cannot simply blame that. In addition to the current third-phase new towns and the recent 60,000-unit plan in the Seoul metropolitan area, we must make desperate efforts to increase supply."

He continued, "We also need to provide long-term rental options that cater to the preferences of younger generations. There are people struggling right now because of jeonse and wolse. We are newly reviewing a multi-level approach, including measures for LH to supply more units through purchase-based leasing, as well as new countermeasures for the jeonse and wolse markets."

Meanwhile, regarding the selection of the Gwangju military airport site for the Honam region semiconductor cluster, Kim commented, "The key is how quickly a new military airport can be constructed in Muan. Since there is an absolute time required to build a military airport, if the training requirements of the Gwangju military airport are dispersed quickly, the site can be used without waiting for the new airport in Muan to be completed."

He further emphasized, "There is no need to expropriate land for the Gwangju military airport. If the airport itself is relocated or aircraft are moved to another airport, the land can be used."

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