Ruling Party: "Yongsan Park Development Not Yet Discussed... Discussions to Begin Now on Future Plans"

Party-Government Meeting Discusses Housing Supply Measures on August 19
Government: "Ministry of Land Collecting Opinions on Yongsan Park"

The Democratic Party of Korea and the government held a party-government consultative meeting on August 19 to discuss real estate supply measures in the Seoul metropolitan area and related issues.

On this day, Democratic Party lawmakers from the Land, Infrastructure and Transport Committee received reports from Minister of Land, Infrastructure and Transport Kim Yoonduk and others regarding real estate supply measures and the scale of damage from jeonse fraud before convening the full committee session. With regard to the highly watched issue of utilizing residential land in Yongsan Children's Park, discussions have not yet begun.

Minister of Land, Infrastructure and Transport Kim Yoonduk and Park Kigwang, the ruling party floor spokesperson of the National Assembly Land, Infrastructure and Transport Committee, are attending the ruling party-government consultation meeting of the Land, Infrastructure and Transport Committee held at the National Assembly Members' Office Building on August 19, 2026. Photo by Hyunmin Kim

Park Kigwang, who serves as the floor spokesperson for the Democratic Party on the Land Committee, stated, "The Yongsan Park Act (scheduled to be processed at the plenary session) currently addresses reducing the green space ratio in relation to Camp Kim, but discussions on how to supply the rest of the overall Yongsan Park have not even started yet. If there is supply capacity on that site, now is the time to start discussing how to utilize it."

This means that, regardless of the Yongsan Park Act—which may be processed on August 20—there could be separate discussions about ways to utilize the Yongsan Children's Park site.

The Office of the President stated regarding housing supply plans at Yongsan Park, "The Ministry of Land, Infrastructure and Transport is currently conducting public discussions with relevant agencies and gathering public opinion on the use of Yongsan Park." In this context, Ha Jun-kyung, Senior Secretary to the President for Economic Growth, said on TV Chosun's 'News Parade' that it is important to make good use of this prime land and emphasized, "We need to discuss what would be the best use of this area." He further clarified, "Building housing there does not mean the park will not be created. Rather, keeping the park at a reasonable size would enhance its usability, and at the same time, we need to leave a good residential space for future generations."

Meanwhile, the committee's full session on this day included reports on the settlement of accounts for fiscal year 2025 and on the types and scale of damages from jeonse fraud.

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