Gov't to designate new housing zones for over 76,000 homes near Seoul

The South Korean government plans to designate six new public housing zones in Gyeonggi Province, surrounding Seoul, to build over 76,000 homes. This move aims to boost the housing supply in the region, which has been struggling with a shortage of affordable housing. The decision is part of the government's efforts to address the issue, following its August plan to supply 100,000 new homes. The new housing zones will provide relatively easy access to Seoul, making them an attractive option for those looking to live in the capital.

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The government's plan to build new homes will increase housing supply and potentially lower prices. This could make housing more affordable and boost the local economy.

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