Kim Hyung-nam Outlines Housing Plan in Seoul Mayoral Bid

Seoul mayoral hopeful Kim Hyung-nam, representing the Democratic Party of Korea (DPK), has prioritized housing insecurity as the city’s most pressing issue, proposing a freeze on rent increases and a significant expansion of public rental housing if elected. Kim, a former secretary-general of the Military Human Rights Center, presented his vision for addressing Seoul’s housing challenges on March 20, 2026.

Focus on Rent Control and Public Housing

Kim’s central proposal involves a temporary 0% cap on rent increases during his term. He as well aims to separate the sales market from the rental market to stabilize housing costs in Seoul. A key component of his plan is a commitment to secure 100,000 public rental units through direct purchases of villas and multifamily homes by the Seoul city government. This initiative seeks to reduce housing instability and alleviate the burden of rent for residents.

Addressing Generational Equity

Born in 1989, Kim positions himself as a younger candidate but rejects the require for a separate youth platform. He argues that the challenges faced by younger generations – including housing and economic pressures – are not exclusive to them and will ultimately impact society as a whole. He believes addressing these issues benefits all age groups.

Critique of Existing Redevelopment Policies

Kim criticized current redevelopment policies, particularly those surrounding university districts. He contends that these policies have failed to adequately address the demand for smaller rental units, inadvertently contributing to increased monthly rents by reducing supply.

Regional Policy and Decentralization

Recognizing the impact of Seoul’s high housing costs on regional overcrowding, Kim advocates for encouraging people to relocate to other regions based on opportunity, rather than solely due to affordability constraints. He expressed opposition to proposals to absorb parts of Gyeonggi Province into Seoul, viewing them as a step backward rather than a fundamental solution to the problem.

Leveraging Administrative Experience

Kim highlighted his decade of experience in military human rights activism, emphasizing his skills in budget oversight and policy advocacy. He believes this background has prepared him to transition from critique and proposal to effective planning and execution in a governmental role.

Vision for a Livable Seoul

Kim’s overarching political goal is to transform Seoul into a city where residents are not burdened by excessive housing and living costs, ensuring a secure “tomorrow” for all citizens.