{"id":52092,"date":"2026-06-14T02:58:22","date_gmt":"2026-06-14T02:58:22","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/52092\/"},"modified":"2026-06-14T02:58:22","modified_gmt":"2026-06-14T02:58:22","slug":"land-ministry-blames-rent-surge-on-prior-governments-housing-slump","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/52092\/","title":{"rendered":"Land Ministry Blames Rent Surge on Prior Government&#8217;s Housing Slump"},"content":{"rendered":"<p><img alt=\"Seoul Mayor-elect Oh Se-hoon arrives for work at Seoul City Hall in Jung-gu, central Seoul, on June 4. Oh, who overtook Democratic Party candidate Jung Won-oh 13 hours into the vote count, became the first to win a fifth term in the history of Seoul mayoral elections. Reporter Oh Seung-hyun 2026.06.04 - Seoul Economic Daily Finance News from South Korea\" title=\"Land Ministry Blames Rent Surge on Prior Government's Housing Slump\" fetchpriority=\"high\" width=\"1200\" height=\"675\" decoding=\"async\" data-nimg=\"1\" class=\"w-full h-auto rounded-sm\" style=\"color:transparent;object-fit:contain;object-position:center\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/06\/1781405902_268_news-p.v1.20260604.9910fca0c8d147c781cfdb0101bf7c81_P1.jpg\"\/>Seoul Mayor-elect Oh Se-hoon arrives for work at Seoul City Hall in Jung-gu, central Seoul, on June 4. Oh, who overtook Democratic Party candidate Jung Won-oh 13 hours into the vote count, became the first to win a fifth term in the history of Seoul mayoral elections. Reporter Oh Seung-hyun 2026.06.04<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The Ministry of Land, Infrastructure and Transport (MOLIT) expressed regret toward the Seoul Metropolitan Government for blaming the central government for rising jeonse and monthly rent prices. The ministry pointed to a supply shortage caused by a decline in housing construction starts under the previous government as the cause of the increase.<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">In an explanatory press release Tuesday, the ministry said, &#8220;It is regrettable that the Seoul Metropolitan Government, which effectively holds the authority to permit housing supply including redevelopment and reconstruction, attributes the current rise in jeonse and monthly rent prices solely to the central government without considering the broader context.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">Regarding a Facebook post by Seoul Mayor Oh Se-hoon evaluating the government&#8217;s jeonse and monthly rent policies, the ministry made these remarks, stating that &#8220;the rise in jeonse and monthly rent prices is mainly due to the decline in construction starts from 2022 to 2024, and the shift from jeonse to monthly rent is the result of structural changes in the rental market.&#8221;<\/p>\n<p class=\"mb-4 text-[var(--color-text)] leading-relaxed\">The ministry&#8217;s position is that the central and local governments must cooperate to accelerate the expansion of supply for housing stability. &#8220;We are making all-out efforts to resolve on-the-ground difficulties, including holding more than 10 industry meetings since March such as the minister-hosted town hall meeting with the housing construction industry, and fully operating the &#8216;Pan-Government Housing Supply Field Difficulty Resolution Support Center&#8217; to promote housing construction including redevelopment and reconstruction,&#8221; the ministry said, stressing that &#8220;active cooperation from local governments such as the Seoul Metropolitan Government is also needed.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Seoul Mayor-elect Oh Se-hoon arrives for work at Seoul City Hall in Jung-gu, central Seoul, on June 4.&hellip;\n","protected":false},"author":2,"featured_media":52093,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[29790,9487,29788,1877,7641,29789,1149,112,2205],"class_list":["post-52092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-seoul","tag-housing-construction-starts","tag-housing-supply","tag-jeonse-prices","tag-korea-real-estate","tag-molit","tag-monthly-rent","tag-oh-se-hoon","tag-seoul","tag-seoul-metropolitan-government"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/52092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=52092"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/52092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/52093"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=52092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=52092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=52092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}