Ruling Party and Seoul District Mayors Discuss Real Estate Supply Including Transfer of Approval Authority from Seoul Mayor

As the government and ruling party are working to transfer redevelopment and reconstruction project approval authority for projects with fewer than 500 households from metropolitan mayors, such as the Mayor of Seoul, to district mayors, the Seoul City Committee of the Democratic Party of Korea continued related discussions with its affiliated district mayors.

Kim Youngbae, head of the Seoul City Committee of the Democratic Party of Korea, met with reporters after a meeting on the 27th and said, "District mayors have requested active consideration of transferring authority over redevelopment districts with fewer than 500 households to the district level," adding, "At the level of the Seoul City Committee, I said we would actively suggest this to the central party."

(Seoul = Yonhap News) Reporter Seo Daeyeon = Kim Youngbae, a member of the Democratic Party and chairman of the Seoul City Party Committee, held a back briefing at the National Assembly communication office after a meeting with Seoul Mayor Oh Sehoon on the 22nd. Kim stated that he discussed housing supply plans for Yongsan Park and other matters with Mayor Oh on that day. August 22, 2026 dwise@yna.co.kr (End)

Regarding the suggestion made a day earlier by Seoul Mayor Oh Se-hoon to use the Gangnam Tancheon Water Reclamation Center as an alternative to supplying housing at Yongsan Park, Kim dismissed it as "groundless." He stated, "It is impossible to supply housing there, but the city is engaging in so-called 'rendering politics' as if it is a viable housing supply option."

A plan was also proposed to use the Youth Account of the Future Response Fund, which is created from excess tax revenue, for housing policies. Assemblyman Oh Ki-hyung explained, "We have put forward policy suggestions such as actively acquiring land from certain sites and constructing buildings using funds to support Korea Land & Housing Corporation (LH), expanding tax support for youth monthly rent, and adjusting loan interest rates." In addition, the use of public land such as the Guro railway vehicle depot was also mentioned as an option.

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