Supply-check task force meets with LH, SH, GH and iH
"Please push even harder to accelerate the pace of supply so that tangible results can be delivered to the public as soon as possible."
Kim Yi-tak, first vice minister of the Ministry of Land, Infrastructure and Transport, made the call Wednesday afternoon at the second meeting of the 2026 Public Housing Supply-Check Task Force, held in Yongsan, Seoul. Representatives from Korea Land and Housing Corp. (LH), Seoul Housing and Communities Corp. (SH), Gyeonggi Housing and Urban Development Corp. (GH) and Incheon Urban Corp. (iH) attended.
The meeting focused on reviewing the state of public housing supply in Greater Seoul during the first half of the year and progress toward year-end targets. Officials said the first-half ground-breaking target of 11,000 units is on track, and the full-year target of 62,000 ground-breakings is expected to proceed as planned.
Under the current administration, the ministry has shifted its supply benchmark to ground-breakings and is actively working to expand them. On that measure, Greater Seoul is estimated to recover to its highest level since 2020, when 65,000 units broke ground. That figure had since fallen to between 20,000 and 40,000 units annually.
To keep ground-breaking targets on schedule, the ministry plans to run administrative procedures in parallel and conduct monthly monitoring. It has also set a target of more than 70,000 ground-breakings next year, managing progress from the land compensation and site preparation stages — before construction begins — and clearing bottlenecks at each project phase in advance.
"We will identify and resolve delays at each stage of the project early, and manage the ground-breaking schedule rigorously through close coordination among relevant agencies," Kim said. "I am grateful for the efforts of all partner organizations working to deliver housing supply."
smh@heraldcorp.com
