South Korea is taking significant steps to address its housing market challenges by announcing a series of measures aimed at increasing housing supplies and managing demand. The government plans to lift greenbelt regulations in the capital area to supply 80,000 homes. Additionally, South Korea's Finance Ministry has committed to raising house supplies dramatically and monitoring household debt more closely. These actions are part of a broader strategy to temper a rebounding property market that has frustrated potential buyers. South Korea's state-run think tank has also argued for early rate cuts.