Land Minister Nominee Park Sang-woo: "I Will Restore the Housing Ladder for Ordinary People"

Park Sang-woo, nominee for Minister of Land, Infrastructure and Transport, has pledged to prioritize national housing stability, the era of local autonomy, and innovation in commuting transportation.

Park Sang-woo, nominee for Minister of Land, Infrastructure and Transport, is taking an oath at the confirmation hearing held at the National Assembly on the 20th. / Photo by Hyunmin Kim kimhyun81@

On the 20th, during his opening remarks at the confirmation hearing of the National Assembly's Land, Infrastructure and Transport Committee, Park stated, "Based on my administrative experience and expertise, I will minimize factors causing instability in the housing market, such as real estate project financing (PF), and prioritize resolving supply-side difficulties to ensure various types of housing are supplied within urban areas in response to changes in population and household structures."

He continued, "I will restore the housing ladder so that ordinary citizens can nurture hope for homeownership, and further expand a detailed housing safety net for vulnerable groups." Regarding innovation at the Korea Land and Housing Corporation (LH), he said, "Drawing on my experience as president, I will accurately identify the root causes and swiftly and precisely excise the problematic parts."

He also expressed his ambition to open a "genuine era of local autonomy."

Park said, "Through the development of national advanced industrial complexes, urban convergence special zones, and new airport construction, I will foster growth hubs for region-specific development and improve residents' quality of life by redeveloping aging downtown areas in small and medium-sized local cities."

He added, "By promptly expanding the metropolitan area-wide transportation network, we will create a super metropolitan mega-city, ensuring fair opportunities and mobility rights for everyone living anywhere in the Republic of Korea."

In the transportation sector, he stated, "We will prepare without delay for the opening of the Greater Seoul Metropolitan Area Express Train (GTX) era, and strengthen efforts to reduce transportation costs and support transportation-vulnerable groups through the introduction of K-Pass and expansion of low-floor buses." He also expressed determination to secure a leading position in the future mobility market with high growth potential, such as urban air mobility (UAM) and autonomous vehicles.

Furthermore, he said, "Through region-specific tailored order-winning strategies, top-level diplomatic support, and financial assistance, we will lay the foundation for South Korea to leap forward as one of the world's top four overseas construction powers."

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