Won Hee-ryong "Housing Stability for Low and Middle-Income Classes... Balanced Development and Transportation System Innovation"

On the afternoon of the 10th, Won Hee-ryong, the nominee for Minister of Land, Infrastructure and Transport, attended a press conference held by the Presidential Transition Committee in Tongui-dong, Jongno-gu, Seoul, where the appointments of ministerial candidates for eight ministries of the Yoon Seok-yeol administration were announced, and responded to reporters' questions. Photo by Transition Committee Press Photographers Group

Won Hee-ryong, the Planning Committee Chairman of the Presidential Transition Committee, who has been nominated as the first Minister of Land, Infrastructure and Transport under the Yoon Suk-yeol administration, announced on the 10th that he will strive for housing stability, balanced development, and innovation in the transportation system.

In his 'Impressions on Being Nominated as Ministerial Candidate' distributed to the media that afternoon, Won said, "I am honored to be nominated as the first Minister of Land, Infrastructure and Transport of the new government and feel a heavy sense of responsibility."

He added, "I am well aware of the public's expectations for the new government and the Ministry of Land, Infrastructure and Transport. If given the opportunity to serve as minister, I will stabilize housing for the common people and the middle class through policies that listen to the voices of the public and the market."

He emphasized, "In particular, I will devote all my capabilities so that the younger generation, who have lost their dreams, can have hopes for the future."

Furthermore, Won stated, "I will also work on improving fair accessibility to regions, which is key to balanced development, as well as enhancing the metropolitan transportation system and innovating future-oriented transportation systems."

He said, "I believe there will be an opportunity to explain my principles and detailed policy directions regarding current issues during the confirmation hearing. During the preparation process, I will fully listen to the opinions of the public and experts and carefully consider and review the policy directions."

Earlier, after the personnel announcement held at the Transition Committee in Tongui-dong, Jongno-gu, Won told reporters, "To prevent the dilution of policy focus, policies that unnecessarily stimulate real estate prices will be moved in a very stability-oriented and cautious direction."

He stressed, "Due to many fragmented policies so far, trial and error and public anger and fatigue have accumulated. Rather than approaching the problem as something that can be solved all at once, I will try to stabilize various issues as much as possible while achieving overall harmony and balance."

Regarding housing price stabilization, Won said, "Since not only supply and demand but also various macroeconomic factors such as finance work together, I will align with economic ministries and the macroeconomic flow."

In response to some criticisms that he was a 'surprise nominee' lacking expertise in land and real estate policy, Won expressed confidence, saying, "On the contrary, as a politician, I can resolutely address the politically charged real estate issues."

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