Han Sungsook: "Housing Supply Digital Dashboard to Go Public in Q1 2027"

Comprehensive policy session of the National Assembly's Special Committee on Budget and Accounts on Nov. 4

Prime Minister Han Seongsuk said on the 4th that the government would overhaul its housing supply management system so it could track not only simple targets for permits and construction starts but also information related to actual move-in dates. The government plans to set up a digital dashboard on housing supply in the first quarter of next year that the public can access.

At a comprehensive policy hearing of the National Assembly's Special Committee on Budget and Accounts that day, Assemblyman Kim Namjun of the Democratic Party of Korea asked how the government would establish predictable move-in plans. Han replied, "We are setting clear standards for how to interpret construction starts and establishing criteria for move-ins and permits, while linking the relevant data."

Prime Minister Han Seongsuk delivers opening remarks at a comprehensive policy hearing on next year's budget bill at the National Assembly on Nov. 4, 2026. Photo by Yoon Dongju

She added, "We will create a dashboard by the end of this year and first set up a digital dashboard that the public can access in the first quarter of next year. Our policy is to make all information public as much as possible."

Assemblyman Kim pointed out the problem of prolonged delays in construction starts, saying that although the previous administration set a five-year target of approving permits for 2.7 million households, 59.8% of the total had yet to begin construction more than three years after approval. He called for housing supply plans to move beyond setting overall volume targets and provide schedules that would allow the public to estimate when they could actually move in.

Lee Hyeongil, Deputy Prime Minister and Minister of Finance and Economy, also said, "Apartment price increases appear to be gradually slowing, particularly in Seoul," while adding, "We are conducting ongoing monitoring based on construction starts."

"We believe that managing move-in volumes as well would help the public feel the impact, so we are discussing this with the relevant ministries," he said. "For public housing, we are separately managing about 150,000 households based on move-in dates, from the fourth quarter of this year through next year."

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