Archive · 7 Sep 2025
South Korea to Announce Measures to Stabilize Housing Market
The South Korean government plans to release new plans to help people find homes.
They want to make sure everyone can find a place to live without problems in the housing market.
The government is also concerned about the country's growing debt.
They are planning to increase spending, especially on technology and research, to help the economy grow.
Data shows that the number of homes owned by foreigners has increased recently, with Chinese nationals owning the most.
The government wants to solve the rising cost of homes.
These new policies are expected to bring changes.
South Korea's government will announce new measures to boost home supply.
The goal is to stabilize the housing market and ensure residential stability.
The government proposed a budget of 728 trillion won for next year.
National debt is projected to increase to over 51.6% of GDP by 2026.
Foreign ownership of homes increased by 20.7% between 2022 and 2024.
- Who
- South Korean government, Finance Minister Koo Yun-cheol
- What
- Will announce measures to supply new homes to stabilize the property market.
- When
- Announced on Sunday, with the measures to be disclosed later that day. Data from end-2024.
- Where
- South Korea
- Why
- To stabilize the housing market and ensure residential stability, boost economic growth.
- Government Goal
- Stabilize housing market, ensure residential stability
- Budget Increase
- 8.1% increase in proposed budget for next year
- Proposed Budget
- 728 trillion won (US$522 billion)
- National Debt Projection (2026)
- Over 51.6% of GDP
- Foreign Home Ownership Increase (2022-2024)
- 20.7%
- Largest Foreign Homeowners
- Chinese Nationals
- Number of Foreign Owned Homes (End of 2024)
- 99,830