If the construction industry does not buy unsold products, the Korean economy will be ruined.

(1)Subscribe to Yonhap News Agency
(2)Unsold housing industry is bad for the economy as a whole, so the government wants to intervene.
(3)Input 20230131 PM 231 Modified 20230131 PM 232 Article text
(4)Reporter Kim Chiyeon.
(5)Proposals, such as improvement of financing conditions for housing businesses purchasing unsold houses in the public sector, etc.
(6)Housing prices are the cheapest now for the head of the Korea Housing Association. In the future, the sale price will increase by 10 to 20.

(1)The Korea Housing Construction Association held a press conference on the 31st and announced suggestions for the housing industry after announcing the January 3 real estate deregulation measures.
(2)The association evaluated the government’s deregulation as a positive step toward normalizing the real estate market and restoring market autonomy, but argued that the government needs to create a market environment for the recovery of the housing industry through market intervention.
(3)The association proposed four tasks to the government: ▲ Improving the financing conditions of real estate projects financing PF loans ▲ Supporting liquidity for unsold housing operators ▲ Supporting normalization of housing transactions ▲ Creating flexible housing supply conditions.
(4)In particular, the Korea Land and Housing Corporation (LH) proposed buying unsold houses after completion and using them for rental business, and buying unsold houses from the public at the current highest price level of 70-75 and then repurchase them to the business entity.