Lee calls for all-out efforts to boost housing supply

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SEOUL, Oct. 20 (Yonhap) -- President Lee Jae Myung on Tuesday stressed the need to cut the time required for administrative procedures in building homes, calling for all-out efforts to boost housing supply.

The president made the call during a Cabinet meeting as runaway housing prices persist despite the government's efforts to cool the market.

"Stable housing is the foundation for practical improvements in people's lives," Lee said, citing a decline in housing construction permits and the supply of new land for real estate development over the past three years as reasons for disruptions in housing supply.

"In order to resolve the current problems in the real estate market, created by various factors that have accumulated over the years, consistent market management policies and large-scale housing supply measures should be implemented promptly," he added.

Lee instructed officials to make all-out efforts to boost housing supply by cutting the time needed to prepare land for development and granting administrative permits for house construction as quickly as possible, "without being constrained by customary practices and procedures."

"I ask you to make all-out efforts with the determination that the success of administrative management depends on stabilizing the housing (market)," he noted.

President Lee Jae Myung speaks during a Cabinet meeting at Cheong Wa Dae in Seoul on Oct. 20, 2026. (Yonhap)

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Lee calls for all-out efforts to boost housing supply

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首尔，10月20日（韩联社）——韩国总统李在明周二强调，需要缩短房屋建设的行政审批时间，并呼吁全力以赴提高住房供应量。

尽管政府努力为市场降温，但房价仍持续飙升，总统在内阁会议上发出这一呼吁。

李说：“稳定的住房是改善人们生活的基础。”他指出，过去三年住房建设许可证的减少和房地产开发用地供应的减少是造成住房供应中断的原因。

他补充说：“为了解决当前房地产市场由多年积累的各种因素造成的问题，应立即实施连贯的市场管理政策和大规模住房供应措施。”

李指示官员们要全力以赴增加住房供应，缩短土地开发准备时间，并尽快发放房屋建设的行政许可证，“不受惯例和程序的约束”。

“我要求你们全力以赴，下定决心，行政管理的成功取决于住房（市场）的稳定，”他指出。

2026年10月20日，韩国总统李在明在首尔青瓦台主持召开内阁会议并发表讲话。（韩联社）

首尔大都会区9.9万套住宅破土动工；政府力争完成年度目标的80%。

首尔市政府将长期住房供应不足归咎于前市长的政策。

（导语）李显龙在就职500天前承诺将民生放在首位

（新闻快讯）首尔市长表示将继续推进住房供应计划

李呼吁重组社会制度以满足不断变化的人口结构的需求。

李呼吁全力以赴增加住房供应