Lee Chan-jin: "Focus Financial Support on Early Housing Supply in Seoul and Metropolitan Area"

Financial Supervisory Service Governor Lee Chan-jin urged authorities today (Sept. 1) to concentrate capabilities on providing necessary financial support for the early, large-scale supply of housing in Seoul and the greater metropolitan area.

According to the FSS, Governor Lee made the remarks during an executive meeting this afternoon.

Accordingly, the FSS has expanded and reorganized its residential real estate project financing (PF) workforce from a single dedicated department into a cooperative system with each relevant inspection bureau, assigning dedicated personnel to each project site for close management.

In addition, the FSS will prioritize the intensive management of 325 residential project sites scheduled for supply within 2027 among those located in regulated areas in the metropolitan region.

If project delays or bottlenecks are identified, the FSS plans to provide customized support through active collaboration with related organizations such as the Ministry of Land, Infrastructure and Transport and Korea Land and Housing Corporation (LH), as well as the financial sector.

Financing-related difficulties will be mediated in connection with the financial sector and policy guarantee agencies, while other obstacles will be discussed with the Ministry of Land, Infrastructure and Transport and other entities.

Governor Lee specifically ordered special management to prevent any delays in the supply schedules of projects scheduled for next year, and called for exploring ways to supply them even earlier.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.