South Korea’s Economy on the Rise: President Yoon Promises Continued Growth and Housing Solutions

South Korean President Yoon Suk-yeol has declared that the country’s economy is experiencing a significant revival and will continue to grow stronger in the future. During a press briefing, President Yoon highlighted various initiatives, including deregulation, semiconductor mega-cluster development, and nuclear energy revitalization, as key drivers of this economic growth. He also emphasized that the world is taking notice of South Korea’s competitiveness and growth trajectory. Addressing housing concerns, President Yoon assured the public that the government is actively working to provide affordable housing options. He announced a comprehensive plan to address the recent surge in housing prices in the Seoul metropolitan area, involving the supply of 427,000 new homes over the coming years. President Yoon also emphasized the government’s commitment to increasing the annual housing supply in the capital region to 70,000 units, exceeding the historical average by approximately 11%.