South Korea to convert buildings into apartments to address rental home shortages


South Korea Finance Min Hong Nam-ki speaking at a policy meeting, said the government plans to add 114,000 homes for public housing on lease within the next two years.

SEOUL: South Korea's finance minister said on Thursday the government will buy properties to convert them into public housing to address a shortage of rental homes across the nation.

Speaking at a policy meeting, Hong Nam-ki said the government plans to add 114,000 homes for public housing on lease within the next two years.

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