Seoul: Finance Minister Koo Yun-cheol stated on Sunday that the government is set to unveil a series of measures aimed at increasing the supply of homes, a move intended to stabilize the property market. Koo emphasized that stabilizing the housing market and ensuring residential stability for the population remain the government's top priorities. He made these remarks during an interview with KBS but did not provide specific details about the forthcoming measures.

According to Yonhap News Agency, Koo acknowledged public concerns regarding rising national debt. However, he stressed that now is the time to invest in new growth engines for the economy, as the country's potential growth rate is on a downward trend. In line with this vision, the government recently put forward a budget proposal amounting to 728 trillion won (approximately US$522 billion) for the coming year. This proposal represents an 8.1 percent increase from the current year's budget and aims to significantly enhance spending on research and development as well as artificial intelligence, to foster future economic growth.

The Ministry of Economy and Finance projects that South Korea's national debt will rise to over 51.6 percent of its gross domestic product by 2026, up from 49.1 percent this year. Koo's comments and the government's plans underscore a commitment to addressing economic challenges while seeking to bolster the nation's housing market and overall economic stability.