Helping Improve Energy Efficiency of Aging Buildings... Green Remodeling Pilot Project Launched

Green Remodeling Interest Support Project Procedure (Source: Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport and Korea Land & Housing Corporation (LH) announced on the 6th that they will conduct a pilot project this year to support 'Green Remodeling' contractors for the first time.

Green Remodeling is a project that remodels old buildings with high energy consumption into comfortable buildings by improving energy performance and efficiency.

To ensure the quality of the Green Remodeling project, the Ministry of Land designates contractors with excellent construction capabilities and achievements, and provides interest support. As of last month, 453 contractors have been designated and are carrying out their duties.

This 'Contractor Support Pilot Project' is a project that supports the essential energy performance consulting work that designated contractors must perform when promoting Green Remodeling projects for individual buildings.

The primary purpose of the project is to support contractors by reducing Green Remodeling project costs, but it is expected that some benefits will also be passed on to Green Remodeling building owners as the final construction costs may be reduced.

Considering that Green Remodeling project achievements have been concentrated in apartment complexes, the Ministry of Land has this time set small-scale old private buildings such as detached houses under three floors as the main support targets.

Applications are accepted from the announcement date until the end of the year when the Green Remodeling interest support project ends. Applications can be submitted via email or mail to the LH Green Remodeling Creative Center.

Selected contractors can receive support for the costs incurred for energy consulting for Green Remodeling upon completion of the Green Remodeling project. The amounts are 3 million KRW for detached houses and 5 million KRW for non-residential buildings.

Kim Sang-moon, Director of Building Policy at the Ministry of Land, said, "Green Remodeling is one of the core projects for citizens' housing welfare and national greenhouse gas reduction," adding, "We will continue to actively improve the business conditions for contractors to further revitalize Green Remodeling."

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