Vice Minister Kim Ei-tak of the Ministry of Land, Infrastructure and Transport on the 8th said, "If we instill public confidence in the supply of dwellings by pushing ahead with dwelling-supply measures at speed, and ease housing insecurity for young people, newlyweds and vulnerable groups by building a dense housing safety net, we can also expect fundamental stabilization of the public's housing."
The Vice Minister on this day presided over the first meeting to review the dwelling market and supply measures and said this. The meeting was aimed at closely managing the overall progress of policies related to dwellings and land, including follow-up steps to the Sept. 7 dwelling supply plan.
At the meeting, the Vice Minister reviewed the progress of the government agenda in the housing sector for the six months since the administration launched and the implementation plan for next year. The Vice Minister asked attendees to "ensure that the upcoming ministry business report faithfully reflects the government agenda."
The Vice Minister reviewed the overall implementation status of 33 tasks in four areas related to follow-up on the Sept. 7 measures: ▲ site supply ▲ downtown supply ▲ condition improvement ▲ market management. Of the 33 tasks, for "strengthening public guarantee support for dwelling project operators" and "expanding fund support for non-apartment projects," where follow-up implementation has been completed, the Vice Minister instructed close monitoring to see whether the support effects become visible in the market.
In particular, the Vice Minister called for continued cooperation with the National Assembly so that the institutional foundation to promote downtown dwelling supply can be prepared quickly, including amendments to the Urban Maintenance Act and the Urban Redevelopment Act, and enactment of special acts (tentative names) for complex development of aging public office buildings and for complex development of school sites.
The Vice Minister also reviewed public livelihood tasks such as surveys of the actual conditions of regional dwelling cooperatives and institutional improvements, prevention of semi-basement flooding damage, and monthly rent support for young people, saying, "Measures must be taken in a timely manner so that public inconvenience is quickly resolved," and added, "To ensure a swift response, I will personally oversee what is needed." The Vice Minister continued, "Let everyone in charge of dwelling affairs become one team and focus capabilities on faithfully executing the tasks discussed today."
The Ministry of Land, Infrastructure and Transport (MOLIT) plans to hold the meeting to review the dwelling market and supply measures on a biweekly basis under the chairmanship of the Vice Minister.