Jeon Nam-do Councilor Mun Haeng-ju Proposes Extension of Hanok Development Fund Expiration Date

Moon Haeng-ju, Jeonnam Provincial Assembly Member

[Asia Economy Honam Reporting Headquarters Reporter Lee Jun-kyung] The “Jeollanam-do Hanok Support and Promotion Ordinance Partial Amendment Ordinance,” proposed by Moon Haeng-ju, a Jeollanam-do council member (Democratic Party of Korea, Hwasun 1), passed the Safety Construction and Firefighting Committee review on the 26th.

The main amendments of this ordinance include extending the duration of the Hanok Development Fund until December 31, 2023, for three years based on the results of the Jeonnam Provincial Financial Planning Review Committee meeting, and restricting duplicate support by reducing the scope of registration in the supplementary register to registration according to the building ledger.

As of the end of August this year, Jeonnam Province is operating a Hanok Development Fund of 51.8 billion KRW and has supported the construction of 1,857 households in 108 villages through a project that provides up to 200 million KRW (subsidies + loans) based on area to prospective builders of new hanoks over 50㎡ who own land.

Councilor Moon emphasized, “This ordinance will help extend the duration of the Hanok Development Fund, establish additional criteria for subsidies and loan support, maximize the dissemination and promotion of hanoks linked to policies for the preservation and utilization of architectural assets, and build and operate a system to systematically manage Namdo hanoks.”

This ordinance is scheduled to be approved at the 2nd regular session of the 348th meeting on the 10th of next month.

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