Ministry of Land, Infrastructure and Transport Establishes Dedicated Teams for Urban Air Mobility and Autonomous Vehicles

[Asia Economy Reporter Kim Min-young] The Ministry of Land, Infrastructure and Transport announced on the 11th that it will reorganize the 'Automobile Policy Division' into the 'Mobility Automobile Bureau' and establish five departments under it, including the Urban Air Mobility Policy Division and the Autonomous Driving Policy Division.

The Urban Air Mobility Policy Division has been elevated from a team-level unit. Through this, the Ministry plans to promote the commercialization of UAM by 2025 to reduce road congestion.

Additionally, to foster real estate finance, the existing 'Real Estate Industry Division' has been renamed the 'Real Estate Investment System Division' to take charge of real estate finance tasks. The former 'Real Estate Development Policy Division' has been changed to the 'Real Estate Development Industry Division' and will be responsible for managing brokerage businesses.

To comprehensively plan youth policies in the land and transportation sector, the Youth Policy Division under the Housing and Land Office will be transferred to the Planning and Coordination Office and renamed the 'Youth Policy Officer.'

The Ministry plans to complete the organizational restructuring within the year after public notice, and review and approval by the State Council.

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