Considering 'Green Remodeling' for Old Houses... Ministry of Land, Infrastructure and Transport Significantly Expands Support Scale
The Ministry of Land, Infrastructure and Transport and Korea Land & Housing Corporation (LH) announced on the 17th that they will significantly expand the scale of support for the 'Private Building Green Remodeling Interest Support Project.'
Green remodeling is a renovation project that improves the energy performance of aging buildings through enhanced insulation performance and window replacement, creating a comfortable and healthy living environment.
Private building owners who wish to undertake green remodeling can receive support for loan interest on project costs through the Private Building Green Remodeling Interest Support Project.
Applications can be submitted at any time through the LH Green Remodeling Center, and detailed information on support criteria and methods can be obtained via the Green Remodeling Center website and phone.
The Ministry of Land, Infrastructure and Transport is making this year the inaugural year for the leap of the Green Remodeling Interest Support Project, expanding it to about twice the scale compared to last year (12,000 cases).
To encourage broad participation in the project, the support amount for the residential sector has also been significantly increased. For detached houses, the amount has increased from 50 million KRW to 100 million KRW, and for apartment buildings, it has increased from 20 million KRW to 30 million KRW.
The scope of mandatory works, optional works, and additional supportable works for project participation has been expanded, and additional cooperating financial institutions have been added.
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Um Jeong-hee, Director of Building Policy at the Ministry of Land, Infrastructure and Transport, said, "Green remodeling, which improves the energy performance of aging buildings, is a project to reduce national greenhouse gas emissions and create a comfortable living environment," adding, "We will continue to put more effort into the full-scale spread of green buildings."
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