The Democratic Party of Korea is ramping up efforts to increase housing supply. The party plans to hold the first meeting of its housing market stabilization task force (TF) on the 12th and a general meeting of lawmakers on the 13th to gather consensus.
Kim Seong-hwa, the party's floor spokesperson, shared this information with reporters after a policy meeting at the National Assembly on the 11th. He noted that if the general meeting is scheduled for 1 p.m. on the 13th, there may be insufficient time before the plenary session at 2 p.m., but he suggested, "We can hold another meeting later if needed."
Additionally, a 'Seoul Policy Reform Task Force' (tentative name), led by the party's lawmakers from Seoul, will hold a meeting on real estate policy responses on the morning of the 13th. This task force previously analyzed the impact of changes in real estate tax policy and public sentiment in Seoul on the 6th. On the 13th, they plan to discuss the causes of the housing supply crisis in Seoul and potential improvements to supply measures.
Meanwhile, Han Jeong-ae, the chair of the party's policy committee, indicated during the previous day's policy meeting that, "The government is expected to announce housing supply measures soon, and we will closely examine these through the expanded housing market stabilization TF."
She emphasized, "We will hold our first meeting this week to receive reports on measures from relevant ministries and engage in in-depth discussions on necessary tasks related to supply, taxation, and the overall housing market."
* This article has been translated by AI.
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