If the floor is thicker, one more floor... Won Hee-ryong "Incentives for Floor Area Ratio on Inter-floor Noise"

Minister of Land, Infrastructure and Transport: "Construction Companies Must Solve It"
"The State Will Chase After Jeonse Fraudsters"
"Strengthen Management Fee and Information Disclosure to Eradicate Corruption"

On the morning of the 28th, Won Hee-ryong, Minister of Land, Infrastructure and Transport, is engaging in a Q&A session with attendees at the '1st Ministry of Land, Infrastructure and Transport - Startup - Youth Foundation Coffee Chat' event held at the Gwanghwamun Youth Foundation.

On the 28th, Won Hee-ryong, Minister of Land, Infrastructure and Transport, stated that if construction companies make separate efforts to reduce noise between floors, an incentive plan allowing them to increase the number of floors could be considered. Regarding the recently growing concerns about jeonse fraud, he also said that the government will create a system to pursue fraudsters to the end together with the victims.

Minister Won made these remarks during a Q&A session with attendees at the ‘1st Ministry of Land, Infrastructure and Transport·Startup·Youth Foundation Coffee Chat’ event held at the Gwanghwamun Youth Foundation that morning.

When asked about the ‘three items planned as a real estate-related livelihood stabilization project,’ he cited noise between floors, jeonse fraud, and disclosure of management fee information.

Regarding noise between floors, Minister Won said, "If construction companies take responsibility for the floor thickness and interior to alleviate noise between floors and it practically helps consumers and residents, we can consider giving incentives on floor area ratio."

He explained, "If there is a plan to build 30 floors, regulations can be relaxed to allow one more floor if noise reduction measures are implemented." He added, "Instead of public officials and construction companies making decisions on noise reduction and floor area ratio incentives ‘on the side,’ if consumers participate in the evaluation, the problem of noise between floors in newly built apartments can be somewhat resolved."

For existing apartments, a separate subsidy method was mentioned. Minister Won said, "Existing apartments require separate interior work such as laying mats to reduce noise, which costs about 3 to 5 million won. We are discussing with the Ministry of Strategy and Finance to create a fund to support about 3 million won per household."

He also announced national support to prevent jeonse fraud. Minister Won said, "In the future, if a jeonse contract is made through a licensed real estate agent, even if fraud occurs, the victim will not suffer losses, and the government will create a system to pursue the fraudsters." He added, "As a preventive measure, we will thoroughly provide guarantee guidance services and strengthen guidance services at brokerage offices and real estate applications."

Finally, Minister Won emphasized more transparent information disclosure to eradicate chronic corruption in apartment management fees. He said, "Previously, information disclosure applied to complexes with more than 300 households, but from now on, management fee details should be disclosed for complexes with more than 50 households." He added, "Instead of simply posting management fee details in elevators, if they are also publicly disclosed on the internet for comparison with other complexes and rewards are given when corruption is found, it can serve as a control device against management fee corruption."

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