Chairman Kim Byoung Hwan of the Financial Services Commission visited the site of a new housing development project in Goyang-si, Gyeonggi Province on December 5 and held talks on the importance of ensuring a seamless implementation of the measures intended to seek a soft-landing in the real estate project finance market. The development project had faced the risk of delayed schedule due to increased construction costs but was able to return to normal operation as it secured financing support of KRW200 billion from the syndicated loan recently launched by the banking and insurance sectors. At the meeting with related industry officials, Chairman Kim talked about the importance of ensuring a soft-landing in the real estate project finance market not only for guaranteeing stability in the market but also from the perspective of guaranteeing a steady supply of housing. In this regard, Chairman Kim said that with the expectation of increased inflows of private sector funds into the real estate project finance market, the restructuring and resolution of problematic development sites and the purchase of nonperforming loans are currently taking place in ways that are both predictable and manageable.