In an emergency notice sent to reporters early this morning, the Ministry of Land, Infrastructure and Transport said, “All announcements scheduled for the 9th will be temporarily postponed to deal with the heavy rain situation.”
Initially, the government was planning to hold a meeting of real estate-related ministers this morning with the Ministry of Land, Infrastructure and Transport and the Ministry of Strategy and Finance to announce the Yoon Seok-yeol administration’s first housing supply measures.
However, as the torrential rains began to pour in the central region from yesterday and the flood damage spread, we decided to postpone the announcement of measures and focus on countermeasures such as damage recovery.
The announcement was to include the expansion of the housing supply in the city center by revitalizing reconstruction and redevelopment and easing the recovery system for excess profits from reconstruction.