Politics · South Korea · 3 hrs ago
South Korea opposition urges change to housing policy amid Seoul price rises
South Korea’s People Power Party urged President Lee to change housing policy on November 2.
The party said Seoul apartment prices had risen for 90 straight weeks.
It criticized a plan to build 76,700 homes in parts of Gyeonggi Province, saying Seoul was left out of the new housing sites.
Party leader Jang Dong-hyuk said the plan lacked transport measures and ways for the new areas to support themselves, leaving local residents angry.
The government’s stated target is to begin construction in 2030.
The party called for an immediate policy shift, but no further steps were specified.
South Korea’s People Power Party urged President Lee Jae-myung to change the government’s housing policy.
Party leader Jang Dong-hyeok said Seoul apartment prices had risen for 90 consecutive weeks.
He criticized a plan to build 76,700 homes in parts of Gyeonggi Province, saying Seoul was excluded from new housing sites.
Jang also said the plan lacked transport measures and ways to make the areas self-sufficient.
- Who
- South Korea’s People Power Party and its leader, Jang Dong-hyeok.
- What
- The party called for a change in the government’s housing policy.
- When
- November 2, 2026.
- Where
- Seoul and parts of Gyeonggi Province, South Korea.
- Why
- The party cited Seoul apartment price rises and criticized a housing plan that excluded Seoul from new sites.
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- Price trend
- Seoul apartment prices rose for 90 consecutive weeks
- Proposed homes
- 76,700
- Planned location
- Various parts of Gyeonggi Province
- Target
- Construction to begin in 2030
1 source
What people are saying
President Lee Jae-myung should immediately stop the housing tyranny.
Seoul apartment prices have surged for 90 consecutive weeks, yet Seoul was left out of the new metropolitan-area housing site plan.