Chair of Land, Infrastructure and Transport Committee Yu Ui-dong: "Reconstruction and Redevelopment Housing Supply Important...Yongsan Value Must Be Considered"

Yu Ui-dong, Chair of the Parliamentary Land, Infrastructure and Transport Committee (People Power Party, Pyeongtaek Eulgu), held a breakfast meeting with Seoul Mayor Oh Se-hoon at Seoul City Hall on the 19th to discuss comprehensive real estate issues including housing supply.

At the meeting, they reviewed the effectiveness and limitations of the government's housing supply plan announced, and engaged in broad discussions on realistic alternatives that could lead to actual supply.

In particular, they reached consensus that to increase housing supply in Seoul and the greater Seoul region, rather than relying solely on public-led approaches, private redevelopment projects such as reconstruction and renovation should be activated to fully draw out the private sector's supply capacity.

They also exchanged views on the issue of utilizing Yongsan Park, which the government is reviewing as an additional supply measure. They agreed that priority should be given to the sustainable value inherent to the area, rather than simply emphasizing the necessity of housing supply.

Chair Yu Ui-dong stated, "Housing supply plans must not end at announcing numbers, but must lead to actual construction and occupancy," and added, "The government should sufficiently reflect the voices of local residents and local governments rather than unilaterally determining supply methods."

He continued, "As Chair of the Land, Infrastructure and Transport Committee, I will clearly address the problems in government measures and actively discuss necessary institutional improvements so that effective housing supply measures that the public can feel can be prepared."