Seoul city blames ex-mayor's policies for weak long-term housing supply

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The Seoul city government on Friday blamed policies pursued under late former Mayor Park Won-soon for weakening the foundation for long-term housing supply in the capital. The municipality made the assessment in a report analyzing the city's housing policies over the past 20 years, as recent shortages in the capital have contributed to sharply rising home prices. The report said that between 2012 and 2020, while the late Park served as mayor, 389 of the 683 areas designated for city improvement…