Here’s how South Korea plans to create 100K units of housing

The South Korean government wants to convert empty hotels and office buildings into over 100,000 residential units over the next two years. The effort is meant to address concerns among residents about rising rents and supply shortages, according to CNBC. The government wants to create 114,000 units of one-person public housing through the program. “You all will be able to see hotels turning into affordable, high-quality, single-family homes,” said Kim Hyun-mee, minister of Land, Infrastructure