Transition Committee “Promotion of 1st new city TF and special law… “Limited increase in youth loans”


Hee-ryong Won, Planning Committee Chairman of the Presidential Transition Committee, Joo-hye Jeon, Co-Advisory Committee Chairman of In-gu and Future Strategy TF, and Young-Tae Cho, Co-Advisory Chairman, report on population and future strategy TF activities at the press conference of the Transition Committee in Toongui-dong, Jongno-gu, Seoul on the 1st. News 1
The Presidential Transition Committee announced that after the inauguration of the Yun Seok-Yeol government, the ‘1st New City Task Force (TF) and Special Act’ will be promoted. In addition, while maintaining overall loan regulations such as the total debt ratio (DSR), it promised to ease the mortgage loan ratio (LTV) only for young people and the homeless.

Won Hee-ryong, the planning chairperson of the transition committee and candidacy for the Minister of Land, Infrastructure and Transport, met with reporters immediately after the ‘Population and Future Strategic TF Activities’ briefing at the transition committee in Tongui-dong, Jongno-gu, Seoul on the same day and asked, ‘Are the first new city TFs formed immediately after the new government is inaugurated? , at the government level, the master plan will be made hastily.”

Earlier, President-elect Yoon announced a promise to create a ‘Special Act on Reorganization of the 1st New Towns (Bundang, Pyeongchon, Ilsan, Sanbon, and Middle East)’ during his presidential campaign.

Regarding the 1 city new town, Candidate Won said, “The first new town, equivalent to 300,000 households, was built at once by the state. said.

However, he emphasized that it was not a hasty promotion, but that “we will make a plan within the term of office and do it in an orderly manner, but without wasting time on purpose.” Candidate Won explained that we should not go into the form of a struggle for everyone who sees development benefits.

Regarding the observation of reverse discrimination on the subject of the special law, Candidate Won said, “The special law is not a policy that only targets new towns. I plan to make adjustments according to the circumstances,” he said.

Candidate Won also added that a task force to promote the reconstruction of the first Shintogi will also be launched.

In addition, regarding the easing of loan regulations, he promised the government help for young people or first-time homebuyers to purchase their own home by extending the loan period, while saying, “We will maintain the (DSR’s) strengthening trend.”

Candidate Won said, “While the total debt-to-income ratio (DSR) according to each person’s repayment ability remains strong, the loan maturity increases and the amount that can be borrowed increases. “We are reviewing a lot about implementing policies that can close the gap,” he explained.

Han Ji-hye, reporter for Donga.com [email protected]


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