Vice Chairman Kim Soyoung of the Financial Services Commission met with officials from the construction sector on April 4 and held talks on continuing challenges caused by high inflation and interest rates and the availability of diverse support measures intended to stabilize the real estate project financing market. In this regard, Vice Chairman Kim said that the government first put in place market stabilization programs amounting to KRW50 trillion-plus in the second half of 2022, and has since prepared additional financial support programs for a total of KRW85 trillion-plus. Vice Chairman Kim also said that the authorities will make sure to promptly implement and provide additional support in the form of loan guarantees amounting to a total of KRW9 trillion planned for property developments under PF loans and non-housing development projects. The FSC plans to continue to engage with related industries and expert groups to closely monitor the progress of market stabilization efforts and seek additional measures if needed.