Kim Yun-duk, Minister of the Ministry of Land, Infrastructure and Transport, reports to the Land Infrastructure and Transport Committee's audit of government agencies at the National Assembly in Yeouido, Seoul, on the 13th. /Courtesy of Yonhap News

Minister Kim Yun-duk of the Ministry of Land, Infrastructure and Transport said on the 13th, "We will firmly guarantee the housing rights of all people," adding, "We will carry out the Sept. 7 new government supply measures without a hitch."

On this day, at the National Assembly in Yeouido, Seoul, during a policy audit of the Land Infrastructure and Transport Committee, Minister Kim said in opening remarks, "To ensure that sufficient dwellings can be supplied quickly in the Seoul metropolitan area, we will speed up through direct implementation by the Korea Land & Housing Corporation (LH) and also resolve delay factors at each project stage of public housing sites."

Minister Kim said, "We will carry out mixed-use development of aging government office buildings and state-owned/public land and also revitalize public-led redevelopment projects to expand supply within city centers where residential preference is high," adding, "We will reasonably improve regulations, including shortening permits and approvals, to also promote private supply of dwellings."

Next, Minister Kim said, "While strengthening tailored housing support suited to the characteristics of demand groups such as young people, newlyweds, and older adults, we will also ease the housing cost burden of low-income and vulnerable groups," adding, "We will strengthen information provision for tenants and swiftly support victims to robustly protect the public from jeonse fraud."

In particular, Minister Kim also warned against illegal acts that could induce rises in home prices. Minister Kim said, "We will crack down hard on illegal acts such as price collusion and price-boosting to enhance the soundness of the real estate market."

At the same venue, Minister Kim also pledged balanced growth by region. Minister Kim said, "For sustainable growth, we will create a national land space where everyone prospers," adding, "We will build growth hubs that attract corporations and talent, and densely expand metropolitan transportation networks to connect those hubs, focusing on fostering the five-pole, three-special economic and living zones that can coexist with the Seoul metropolitan area."

Minister Kim also said, "To complete the de facto administrative capital, we will push without a hitch for the presidential Sejong office and the National Assembly Sejong Hall projects, while also swiftly advancing the second transfer of public institutions, starting with a full survey of the institutions subject to transfer that began last month."

Minister Kim also previewed efforts to revive regional economies. Minister Kim said, "Through LH purchases of unsold units and aligning construction costs with reality, we will revive sluggish regional economies and induce new investment," adding, "Through RE100 industrial complexes, we will strengthen the global competitiveness of our corporations and actively foster future mobility industries such as autonomous vehicles and urban air mobility (UAM)."

In particular, Minister Kim also emphasized safety. Minister Kim said, "We will build a safe Korea that protects the lives and property of the people," adding, "We will swiftly implement follow-up measures to the aviation safety innovation plan announced in April this year, and strengthen safety management for roads and railways by leveraging advanced technologies such as artificial intelligence (AI)."

Minister Kim continued, "While shifting the underground safety management system to a prevention-centered approach, we will strengthen safety management across all stages before construction to eradicate recurring construction site accidents," adding, "We will create fair and safe workplaces so that on-site workers in delivery, transport, and construction can work without worry while receiving fair treatment."

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