Lee Hyung-il asserted that the fundamental key to stabilizing the real estate market is an increase in the quantity of housing supply. ^[1] Lee Hyung-il, nominee for Deputy Prime Minister and Minister of Finance, stated on September 2, 2026, that the government will maintain its core framework of establishing a resident-centered housing market and expanding housing supply. ^[2] The South Korean government announced plans to relocate the Ministry of Justice and the Ministry of Gender Equality and Family to Sejong. ^[3] South Korea's government announced on September 3, 2026, that it will move central administrative agencies remaining in the Seoul metropolitan area to the special self-governing city of Sejong starting in the first half of 2027. ^[4] Lee Hyung-il explained that while the tax differential between resident and non-resident owners will be eased, a distinction remains, setting the basic deduction at 1.4 billion won for resident single-homeowners and 1.2 billion won for non-resident single-homeowners. ^[5] The government finalized a revised tax reform plan on August 31, 2026, which maintains the basic deduction for comprehensive real estate tax for non-resident single-homeowners at 1.2 billion won, reversing an earlier plan to lower it to 900 million won. ^[6] Prime Minister Han Seong-sook stated that the relocation will begin with organizations that have large relocation sizes and significant ripple effects. ^[7] The government aims to complete a second presidential office in the administrative city of Sejong by August 2029. ^[8] An official involved in the announcement requested that the relocation process be handled quickly. ^[9]