Korea Accelerates Housing Supply, Strengthens Real Estate Market Controls

The South Korean government is intensifying efforts to stabilize its real estate market and accelerate housing supply, according to a recent announcement from the Ministry of Land, Infrastructure and Transport (MOLIT).

In a press release issued on May 15, 2026, detailing outcomes from a recent high-level real estate ministerial meeting, MOLIT reaffirmed its commitment to deploying all available resources to manage the property market. A key initiative involves fast-tracking major housing projects, with significant sites such as Taereung now slated to begin construction in 2029, a full year ahead of the originally planned 2030 schedule. This acceleration aims to bring new homes to market more quickly, addressing persistent supply concerns that often fuel price volatility in urban areas like Seoul.

Beyond increasing supply, the government is also strengthening measures to prevent speculative investment and maintain market order. MOLIT emphasized a more rigorous pursuit of the policy to “insulate the real estate market from finance,” a strategy designed to prevent property speculation from destabilizing the broader financial sector. This means implementing stricter controls to separate real estate investment from financial leverage, thereby mitigating financial risks associated with the property market.

Furthermore, authorities pledged a zero-tolerance approach to any actions that disrupt real estate market order. The government warned that any detected illicit activities or speculative behaviors would be met with swift and severe enforcement, reinforcing its commitment to fostering a fair and transparent housing environment for all citizens.

Source: 국토교통부 — Original Article (Korean)