The Financial Services Commission held a meeting with related ministries and financial and construction industry groups on May 23 to go over specific timelines for implementing measures to stabilize the real estate project finance market. The proposed upgrade to the standards for evaluating the viability of development projects will be prepared by early June, which will be adopted by each financial sector, and financial companies will complete evaluating the financial viability of development projects based on the upgraded evaluation standards by early July. A syndicated loan planned to be established by the banking and insurance sectors is expected to go into operation around mid-June. Until the end of June, the financial authorities will issue no-action letters to continue to make available some of the temporarily eased regulatory measures applicable to non-bank sectors. The authorities plan to hold meetings with the financial and construction industries once every two weeks to maintain close communication and frequently check policy implementation and market conditions.