The Transition Team Establishes 3 Task Forces on Government Reorganization, Real Estate, and Digital Platforms

President-elect Yoon Suk-yeol is attending the transition committee secretariat meeting held at the Presidential Transition Committee in Tongui-dong, Jongno-gu, Seoul on the 22nd, delivering opening remarks. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporters Hyemin Kim and Gimin Lee] The Presidential Transition Committee announced on the 23rd that it has newly formed three task forces (TFs) focused on government organization reform, real estate, and the digital platform government.

Shin Yong-hyun, spokesperson for the Transition Committee, held a briefing at the committee’s office in Samcheong-dong, Jongno-gu, Seoul, and made the announcement.

The Government Organization Reform TF was established to efficiently create the new administration’s organizational reform plan. Spokesperson Shin explained, "It will operate as a collaborative system centered on the Planning and Coordination Subcommittee, but will also gather and coordinate opinions from all subcommittees currently receiving work reports."

The Real Estate TF will comprehensively review real estate taxation, finance, and supply. Shin said, "To smoothly implement the new government’s key real estate pledges, close coordination among various tasks and a smooth implementation plan are necessary. Led by the Economic Subcommittee 2, economic subcommittee 1’s professional members and private experts will coordinate taxation such as property tax and capital gains tax, finance including loan-to-value (LTV) ratios on mortgage loans, supply, and housing welfare."

Regarding the Digital Platform Government TF, he explained, "It started from the idea that data owned by each ministry is public property and ultimately belongs to the people," adding, "It is the concept of returning government-owned data to the citizens." The TF will be led by the Planning and Coordination Subcommittee and will include about ten collaborators such as experts from the Science, Technology and Education Subcommittee, Political, Judicial and Administrative Subcommittee, and private ICT specialists.

The spokesperson stated, "The goal is to fully disclose, completely open, link information, and ultimately integrate government-owned public data," adding, "The first task is to present the scope and guidelines on how far to share and in what manner to disclose the data."

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