MOLIT Ministry of Land, Infrastructure and Transport National Flag

Lee Won-jae Vice Minister for Land and Infrastructure

Welcome to the Ministry of Land, Infrastructure and Transport (MOLIT) of Korea.

The world around us is changing fast.

Mega trends before and after COVID-19, including aftermath of the pandemic, shifting demography, arrival of the Fourth Industrial Revolution and slow growth will change our lives dramatically.

In the midst of such change, the public's desire for the 'new Korea' is growing stronger than ever.

To fulfil the public desire, MOLIT will take the following policy actions.

First, MOLIT will expand housing supply expeditiously and continuously so that people can get access to houses of their choice.

To that end, MOLIT will begin drafting a concrete plan to meet the 2.5 million+ supply target, detailing the number, types, and locations of homes to be supplied under the plan.
MOLIT will also rationalize the existing housing regulations to restore the housing market.

Second, MOLIT will pursue balanced regional growth to give everyone and every region a fair and equal opportunity to thrive.

In cities, big and small, MOLIT will support the initiatives led by local governments and businesses to create urban hubs for innovation and growth.

For communities in decline, MOLIT will rejuvenate the downtown areas to ensure quality living. Projects such as the 'Innovation City Project,' the 'Saemangeum Project,' and the 'Administrative City Construction Project in Sejong' will build new engines for growth across the nation.

Third, MOLIT will always place safety as its top priority to protect the safety of all.

Fourth, MOLIT will promote the Korean E&C industry at home and abroad by supporting the sector's efforts to reinvent itself and deliver value-added services.

Lastly, MOLIT will tap into the latest trends and technologies emerging in urban planning such as smart city, hydrogen city, and digital twin to encourage entrepreneurship and new services in the area.

MOLIT will implement these policy innovations in line with the Korean government's four guiding principles of 'national interest,' 'pragmatism,' 'fairness,' and 'common sense.'

Thank you.