Hong Nam-ki Visits Yeongdeungpo Youth Housing Construction Site... "Will Promote Complex Architecture Development Project"

Visited Construction Site in Yeongdeungpo, Seoul
Checked Progress and Offered Encouragement

Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki is attending an extraordinary Cabinet meeting held at the Government Seoul Office in Jongno-gu, Seoul on the 6th. At this extraordinary Cabinet meeting, the supplementary budget related to the relocation of President-elect Yoon Seok-yeol's presidential office will be reviewed and approved. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Park Jun-yi] Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki visited a youth housing construction site and stated, "We will steadily promote the complex architectural development project."

On the 6th, Deputy Prime Minister Hong visited the construction site of the Seoul Yeongdeungpo Narakeum complex office building, the first youth housing utilizing national property, to check the progress and encourage the staff.

He said, "The Yeongdeungpo complex office building is the first case of a youth public housing complex architecture," adding, "Housing priced lower than the market rate is provided in a location with excellent environment, which will greatly contribute to the residential stability of the youth."

The government is promoting a complex development project that builds youth and newlywed public housing together when reconstructing old government offices and residences. Since July 2018, a total of 16 project sites with about 3,000 public housing units have been selected.