Secretary General Kwon Dae-young of the Financial Services Commission held a media briefing on May 13 and announced the government's plan for seeking an orderly soft-landing in the real estate project finance market. The announced measures will facilitate financial companies to more clearly distinguish construction projects that are deemed to be viable from the ones failing to meet standards in order to ensure seamless supply of funds to the former while encouraging market-driven restructuring or liquidation of the latter. Additional support measures have been prepared, such as additional guarantee support extended to builders for increased construction costs, creation of a syndicated loan to support restructuring or liquidation, and the availability of various incentives through temporary easing of financial regulations. At the briefing, Secretary General Kwon said that a successful soft-landing requires a clear, thorough, and transparent communication of policy tools to boost predictability, alongside the self-help efforts of market participants. To ensure that there is a sufficient level of predictability and work toward a successful soft-landing in the project finance market, Secretary General Kwon said that financial authorities will continue to closely engage with stakeholders and communicate relevant timeline and details of the measures.