The Transition Committee: "Will Present a Housing Supply Blueprint Immediately Upon the Next Government's Inauguration"

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyemin] The Presidential Transition Committee announced on the 31st that it will present a blueprint for housing supply immediately upon the launch of the next government.

The committee stated that this was discussed during the Economic Subcommittee 2 briefing session presided over by President-elect Yoon Seok-yeol on the same day.

On that day, the real estate task force (TF) reported on the overall policy direction considering the relationship between the sales market and the lease market, multi-homeowner policies, and the impact of finance and taxation on the economy.

They also decided to prepare a phased housing market normalization plan called the 'Real Estate Policy Normalization Master Plan,' which includes deregulation policies and market stabilization measures. The housing supply blueprint will be presented immediately upon the new government's inauguration.

Additionally, detailed implementation plans for transportation innovations such as the Metropolitan Area Express Railroad (GTX), strategies for balanced development and creating a smart national land, and measures to foster the national land and transportation industry as a future strategic industry?including Urban Air Mobility (UAM) and digital maps?were proposed.

The Economic Subcommittee 2 identified labor, education, and environment as the three major areas hindering corporate competitiveness and reported on plans to resolve regulations.

First, they plan to operate an Industrial Innovation Strategy Meeting (tentative name) presided over by the president to devise regulatory reform and industrial innovation measures, and to strengthen the Regulatory Impact Assessment Analysis Center to provide regulatory cost information for newly established regulations. They also plan to operate a public-private joint 'Regulatory Sherpa' system (tentative name) to minimize the regulatory response burden on companies.

Furthermore, as a direction for promoting a 'practical new trade policy,' they reported plans to strengthen cooperation networks with key mineral and major raw material supplying countries and to enhance the role as a pipeline country connecting advanced and developing countries in the Indo-Pacific region.

To appropriately expand the share of nuclear power, they judged that restoring the nuclear power industry ecosystem is necessary, and reported measures such as early job creation through priority orders for equipment and strengthening tailored research and development (R&D) support, as well as strengthening nuclear power export support through the operation of a pan-government export support group.

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