Ministry of Land,Infrastructure and Transport

Hyun Hwan Jin Vice Minister for Land and Infrastructure Ministry of Land, Infrastructure and Transport (MOLIT), Republic of Korea

Welcome to the Ministry of Land, Infrastructure and Transport (MOLIT) of Korea.

As the Vice Minister for Land and Infrastructure, I and my team will rebuild the housing ladder

and strengthen the housing safety net in Korea to broaden access to housing for people of all

generations and social groups.

To that end, we will build homes that can meet the diversified needs of occupants, expand

public housing supply, and plan our broader housing supply in reflection of the changes in

households. We will also enact measures to protect the victims of Jeonsei frauds and to lower

housing costs for the youth, newlywed and families with children.

In cities, we will move away from the traditional urban regeneration model that centers on

reconstruction and innovate cities to help them adapt to future urban trends and to enhance

urban living.

For balanced regional development, we will fully support local governments’ initiatives to

create regional growth hubs like the National Industrial Complexes and the Urban Innovation

Districts.

To prop up construction against the adverse trends or events affecting the domestic real estate

market like project financing, we will take decisive measures to mitigate their effects.

As we pursue these policies, we will constantly endeavor to improve our policies and actively

communicate with the public so that you can feel the difference brought by our policies.

Thank you.