'Establishment of Youth Policy Division in Ministry of Land, Infrastructure and Transport'... Noh Hyung-wook "Please Prepare Policies That Can Be Felt"

Minister of Land, Infrastructure and Transport Noh Hyung-wook visited the newly established Youth Policy Division at the Ministry of Land, Infrastructure and Transport on the 13th and urged the staff to "actively work to strengthen the housing ladder for young people."

On the 13th, Noh Hyung-wook, Minister of Land, Infrastructure and Transport, visited the newly established Youth Policy Division at the Ministry of Land, Infrastructure and Transport and urged, "Please actively work to strengthen the housing ladder for young people."

After meeting with the staff of the Youth Policy Division, Minister Noh said, "We have made various efforts such as supplying youth housing and preparing special youth measures to stabilize youth housing," but added, "Many young people still face significant difficulties throughout all stages of life, including education, employment, marriage, and childbirth, due to the burden of housing costs."

He continued, "The starting point for alleviating the worries young people face and restoring vitality to society is solving housing problems," and urged, "Go to the field to listen directly to what young people want, communicate with various experts, and prepare policies that young people can truly feel."

Minister Noh added, "Since this department is newly established, do not be complacent with what we have done so far, but broaden the scope of work and carefully consider ways to ease housing concerns."

Earlier, to strengthen youth policies, the government instructed four ministries?the Ministry of Land, Infrastructure and Transport, the Ministry of Economy and Finance, the Ministry of SMEs and Startups, and the Financial Services Commission?to create youth-related departments. The newly established Youth Policy Division under the Housing Welfare Policy Officer of the Housing and Land Office at the Ministry of Land, Infrastructure and Transport will be responsible for drafting youth housing policies, establishing mid- to long-term plans, inspecting youth housing conditions, and supporting housing for single-person youth households.

The aim is to consolidate youth housing tasks that were previously scattered across multiple departments to increase momentum. As housing prices have surged recently, accelerating housing instability among young people, there is analysis that the government is seeking to capture the votes of people in their 20s and 30s ahead of next year’s presidential election.

With the establishment of the Youth Policy Division, youth housing policies will also gain momentum. The Ministry of Land, Infrastructure and Transport plans to supply a total of 243,000 affordable rental housing units near schools and workplaces from this year through 2025 to support youth education and employment.

Next year, to provide stronger protection for low-income youth excluded from housing benefits, monthly rent support of up to 200,000 KRW will be provided to youth aged 19 to 34 with a median income of 60% or less.

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