Politics · South Korea · 3 hrs ago

Professor says policy changes could ease housing pressures in South Korea

Professor says policy changes could ease housing pressures in South Korea

Ma Kang-rae, an urban planning professor at Chung-Ang University, is calling for policy changes to address housing pressures in South Korea.

In an interview, he said redevelopment projects have added housing by changing land-use zones and raising permitted building density.

He warned that this approach cannot be repeated indefinitely, asking whether it could work again in 30 years.

Ma said many property experts see adding housing supply as the only answer, but he considers that a short-term measure.

His proposal is presented as a way to support older people and regional areas as well as address the jeonse crisis, a housing issue involving rental deposits.

The available information does not specify the policy changes he proposes or describe any next steps.

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What people are saying

Ma Kang-raeChung-Ang University professor
I do not think this can be repeated. It is impossible.
via Chosun Ilbo
Most real estate experts say there is no measure other than supply, but that is a short-term measure.
via Chosun Ilbo