Yonhap News29.04.2026PolitiqueSouth Korea
S. Korean PM Visits Major Housing Construction Site to Inspect Third New City Project Progress
PM Kim Min-seok checks on 314,000-unit housing development near Seoul amid government's push to increase supply and curb real estate speculation
L'essentiel
- Prime Minister Kim Min-seok visited the Wangsuk district construction site in Namyangju on Wednesday to inspect progress on the Third New City Project, a massive development aimed at building approximately 314,000 new homes in six areas on Seoul's outskirts.
- The project, underway since 2018 with ground broken in 2023, is part of President Lee Jae Myung's initiative to combat real estate speculation through increased housing supply.
Résumé généré par IA
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Prime Minister Kim Min-seok visited the Wangsuk district construction site in Namyangju on Wednesday to inspect progress on the Third New City Project, a massive development aimed at building approximately 314,000 new homes in six areas on Seoul's outskirts. The project, underway since 2018 with ground broken in 2023, is part of President Lee Jae Myung's initiative to combat real estate speculation through increased housing supply.
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This article was originally published by Yonhap News.
