Hong Jee-sun, nominee for South Korea’s Minister of Land, Infrastructure and Transport, said the government should preserve the core spaces of Yongsan Park while examining housing development in suitable auxiliary areas across the site. In written responses submitted to the National Assembly’s Land, Infrastructure and Transport Committee on the 14th ahead of his confirmation hearing on the 16th, Hong said no project site or detailed development plan had been determined. He described the site as having potential to provide substantial residential space for future generations, including young people, while saying housing must coexist with the park’s green-space function. Hong said any plan would follow sufficient public deliberation and efforts to build public consensus, with consultations with the Seoul Metropolitan Government focused on areas of agreement. He also supported selectively releasing already damaged, low-conservation-value development restriction zones when needed for public housing stability. His broader supply agenda includes easing excessive reconstruction and redevelopment rules, reviewing the Reconstruction Excess Profit Recapture System, expanding residential capacity in the Yongsan International Business District and shortening permitting, construction-start and compensation timelines. Hong backed gradually shifting the Comprehensive Real Estate Tax toward a property-value basis, opposed broad deregulation for multi-homeowners, and said investment-purpose lending should remain subject to market and systemic-risk management. He also endorsed maintaining the direction of the Basic Housing policy he developed in Gyeonggi Province while remaining open to changes in specific projects. Hong separately said his spouse borrowed 170 million won from her mother to help fund an apartment purchase, with repayment deferred and interest paid at an annual statutory rate of 4.6%.