Ministry of Land to Hold Policy Briefings on 'August 13 Measures' for Maintenance Projects: September 1 in Seoul, September 3 in Daejeon

Guidance on Improvements to Reconstruction and Redevelopment Policies and Systems

Kim Yunduk, Minister of Land, Infrastructure and Transport, announced the "Measures for Rapid Housing Supply to Stabilize the Jeonse, Rental, and Sales Markets and Comprehensive Financial Measures to Stabilize the Real Estate Market" at the Government Seoul Office in Jongno-gu, Seoul on the 13th. The announcement was accompanied by Lee Okwon, Chairman of the Financial Services Commission, Im Kigun, Director of the Office for Government Policy Coordination, and Lee Hyungil, Vice Minister of Strategy and Finance. Photo by Jo Yongjun

The government is taking proactive steps to accelerate the pace of reconstruction and redevelopment projects by engaging directly with stakeholders on site.

On August 30, the Ministry of Land, Infrastructure and Transport announced that it would hold policy briefing sessions for stakeholders involved in maintenance projects nationwide. These sessions are designed to provide on-site guidance on the policy direction and institutional improvements for maintenance projects outlined in the "Measures for Rapid Housing Supply" announced on August 13.

The briefing sessions will be held a total of two times. The first session will take place at 2 p.m. on September 1 at the Yonsei Severance Building near Seoul Station. The second session will follow at 2 p.m. on September 3 at the Chungnam Headquarters of Korea Railroad Corporation (KORAIL) located at Daejeon Station.

Plan to Hold Policy Briefing Session on Maintenance Project. Ministry of Land, Infrastructure and Transport

Anyone can participate in the sessions by registering in advance through the Korea Real Estate Board website or on a first-come, first-served basis on the day of the event at the venue.

During the policy briefing sessions, relevant organizations will directly address questions from project stakeholders. The Ministry of Land, Infrastructure and Transport, Korea Housing and Urban Guarantee Corporation (HUG), Korea Land and Housing Corporation (LH), and the Korea Real Estate Board will each provide explanations regarding policies and systems in turn.

The Ministry will announce the key points of the proposed legislative amendments, while HUG will explain financial support measures such as relocation loans. LH will introduce methods for public redevelopment projects, and the Korea Real Estate Board will present the construction cost verification system.

Detailed Schedule for the Maintenance Project Policy Briefing Session. Ministry of Land, Infrastructure and Transport

Yoon Youngjoong, Director of Housing Maintenance Policy at the Ministry of Land, Infrastructure and Transport, stated, "We are continuously improving project procedures to enable maintenance projects to proceed quickly, while also expanding support to address the difficulties faced on the ground, such as business feasibility and financing."

Director Yoon added, "We hope these briefing sessions will serve as an opportunity for stakeholders to actively utilize the updated policies and diverse support programs on site. We will continue to accelerate the pace of maintenance projects so that urban housing supply can become tangible as soon as possible."

This content was produced with the assistance of AI translation services.