South Korea's Ministry of Economy & Finance published an update from a government real estate ministers meeting setting out a two-part response to the housing market. The government will accelerate housing supply, closely monitor market conditions and use all available measures to contain instability, while tightening controls intended to limit spillovers from real estate into finance and manage household debt. On supply, the Taereung golf course project is to start construction in 2029, one year earlier than originally planned. About 2,900 homes from the Gangseo military site and mixed-use redevelopment of old government office sites are moving through preliminary feasibility exemption procedures and are scheduled to start construction in 2027. Site-specific supply managers will be appointed to oversee delivery, and the government is also reviewing measures to increase short-term supply of move-in-ready homes, including non-apartment housing such as officetels. On credit controls, authorities will strictly check compliance with the home mortgage loan management targets introduced in 2026 and aim to improve the inspection framework for misuse of business loans in the first half of 2026. Financial companies will expand self-inspections from individual rental business operators to corporate rental business operators, apply checks in principle to all business loans secured by housing, and include small loans. The government also said it will work with related agencies to detect and respond strictly to market-disrupting real estate activity.

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