S. Korea vows to start building 230,000 houses in 5 years amid housing affordability crisis

South Korea on Thursday unveiled plans to begin construction of 230,000 houses in the Greater Seoul area within five years to address the housing affordability crisis. The announcement comes in addition to a September 2025 plan for building 1.35 million houses in the region by 2030. The construction of 27,000 homes will start "within three or four years" in newly designated public housing zones in Gangseo-gu, Seoul; Namyangju and Gwangju of Gyeonggi Province, said Kim in a briefing, adding that