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Land minister: Additional greenbelt housing supply limited to Gyeonggi Province

Created at 26 Aug · 2:36 AM1 source↑ Market-relevant
IN SHORT

South Korea's Land Minister Kim Yun-duk stated that planned additional housing development from greenbelt areas will be confined to Gyeonggi Province, effectively excluding Seoul. This decision comes amid disagreements with the Seoul city government over housing supply strategies.

Key Numbers

73,000new housing units to be supplied
27,000homes to be built by 2030

Who's Involved

Kim Yun-duk
South Korean Land Minister
Oh Se-hoon
Seoul Mayor
Land minister: Additional greenbelt housing supply limited to Gyeonggi Province

↳ Why This Matters

The decision highlights a significant divergence between the central government and Seoul's city administration on how to address housing shortages, potentially impacting urban development strategies and housing affordability in the greater Seoul metropolitan area.

Key facts

  • Additional housing supply from greenbelt areas will be limited to Gyeonggi Province.
  • The government plans to supply 73,000 new housing units.
  • The Seoul city government has expressed opposition to developing greenbelt areas.
  • Seoul Mayor Oh Se-hoon opposes building homes in Yongsan Park.

South Korean Land Minister Kim Yun-duk announced that the government's plan to develop additional housing by utilizing greenbelt areas will be restricted to Gyeonggi Province. This decision was made in response to differing views between the central government and the Seoul city government regarding housing supply measures in the capital.

Minister Kim stated that the planned 73,000 housing units would be supplied in Gyeonggi Province, thereby excluding greenbelt sites within Seoul from the upcoming development plan. This announcement came ahead of a meeting between Minister Kim and Seoul Mayor Oh Se-hoon to discuss housing supply in Seoul and its surrounding regions.

Earlier in August, the government had revealed plans to commence construction of 27,000 homes by 2030 through new housing projects in Gangseo, Seoul, and in Namyangju and Gwangju, Gyeonggi Province. The Ministry of Land, Infrastructure and Transport also indicated its intention to announce additional development sites capable of accommodating over 73,000 homes by late September, which had fueled speculation about the inclusion of underutilized land or greenbelt areas in Seoul.

However, the government's broader housing supply initiative has encountered resistance, particularly from the Seoul city government, which opposes the development of environmentally protected greenbelt zones. Mayor Oh Se-hoon, affiliated with the main opposition People Power Party, has also publicly voiced his opposition to the government's proposal to construct apartments in Yongsan Park, located in central Seoul.

Frequently asked questions

The main disagreement concerns the development of greenbelt areas for housing supply, with the central government favoring it and the Seoul city government opposing it due to environmental protection concerns.

The government plans to supply an additional 73,000 housing units, with earlier plans including 27,000 homes by 2030.

The additional housing supply from greenbelt areas will be limited to Gyeonggi Province.

What Happens Next

01The Ministry of Land, Infrastructure and Transport plans to announce additional development sites for over 73,000 homes in late September.

How It Developed

Land Minister Kim Yun-duk announced additional housing supply from greenbelt areas will be limited to Gyeonggi Province.
This decision effectively rules out greenbelt areas in Seoul from the government's upcoming housing development plan.
The government previously announced plans to construct 27,000 homes by 2030 in Gangseo (Seoul), Namyangju, and Gwangju (Gyeonggi Province).
The ministry plans to announce additional development sites for over 73,000 homes in late September.
The Seoul city government has opposed developing environmentally protected greenbelt areas.
Seoul Mayor Oh Se-hoon also opposes building homes in Yongsan Park in central Seoul.

Sources

T1
Land minister says additional greenbelt housing supply to be limited to Gyeonggi ProvinceYonhap News Agency

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