FSC Standing Commissioner Kwon Dae-young held a meeting with related ministries, policy financial institutions and financial industry representatives on October 5 to check the implementation plan of the financial measures intended to boost housing supply. The authorities expect that the real estate PF market normalization fund, which will be available for operation from this month, is expected to facilitate restructuring of real estate development projects, and this will help to bring in new money from the private sector through investments in the NPL market. Despite challenging circumstances, FSC Standing Commissioner Kwon said that the collective effort made by the public and private sectors will in time help to alleviate difficulties of both real estate development projects and the supply of housing for the public.