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S.Korea to increase public housing to address rental home shortages

SEOUL, Nov 19 (Reuters) - South Korea’s finance minister on Thursday said the government will buy properties to convert them into public housing to fast address a shortage of rental homes across the nation.

Speaking at a policy meeting, Hong Nam-ki said the government plans to add 114,000 homes for public housing on lease within the next two years.

Reporting by Cynthia Kim Editing by Chris Reese

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