Joint Announcement by Four Ministries on Comprehensive Plan to Address Unoccupied and Derelict Houses

• A joint task force of MOIS, MOLIT, MAFRA, and MOF has developed a plan to manage unoccupied and derelict houses as a government-wide initiative to promote balanced national development and mitigate the risk of local extinction.

• The plan aims to support the private sector in renovating and repurposing unoccupied and derelict houses by alleviating the tax burden, expanding the scope of eligible projects, and providing a consolidated database.

* This press release written in English is only for reference to the press release written in Korean, and is not official.

   The press release in English only for the purpose of reference is confined to this press release titled "Joint Announcement by Four Ministries on Comprehensive Plan to Address Unoccupied and Derelict Houses" only.

* For correct information and interpretation of the press release written in Korean, please contact the foreign press spokesperson of the MAFRA (TEL: 82-44-201-1120 / E-mail: csh9731@korea.kr).