Prime Minister Han names predictable housing supply top priority on Assembly debut

Prime Minister Han Sung-sook identified predictable and rapid housing supply as the most important task of her premiership during her first visit to the National Assembly since taking office. At a comprehensive policy session of the Assembly's Special Committee on Budget and Accounts on the 24th, she responded to Rep. Kim Nam-jun of the Democratic Party by promising regularly published data on construction starts, permits and approvals. The Prime Minister's Office will create a dedicated monitoring unit, and Han said she would oversee ministerial meetings involving agencies including the Ministry of Land, Infrastructure and Transport and the Ministry of Economy and Finance. The government had announced on the 13th a nationwide rapid housing supply monitoring system, including a prime minister-chaired review meeting and a working-level meeting chaired by the second deputy minister of the Office for Government Policy Coordination. Han also defended expansionary fiscal policy, saying strong tax revenue this year reflected improved corporate earnings, including exports, and arguing that growth-oriented investment is needed to preserve fiscal soundness and capture industrial-transition opportunities. She acknowledged shortcomings in ensuring that economic gains reached lower-income people and said additional livelihood-stabilization measures were necessary. Responding to opposition criticism of irresponsible fiscal spending, Han said national debt remains within the country's repayment capacity and that overseas institutions agree Korea needs expansionary fiscal policy.

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