Chairman Lee Eog-weon of the Financial Services Commission announced comprehensive financial measures to facilitate the supply of housing and boost the provision of housing finance support for young adults at an inter-ministerial joint briefing held on August 13. At the briefing, Chairman Lee outlined specific details including an expanded supply of public guarantee support for housing development and construction projects, a new public guarantee program intended to promote urban renewal projects, and a set of housing finance assistance programs targeted at young adults. Considering the need to expand the supply of housing and boost the availability of housing finance for non-speculative homebuyers and renters, the total volume of annual household debt growth target for this year will be raised to a 3-percent level from the initially planned level of 1.5 percent.