Finance Minister Choi Sang-mok announced during an economy-related ministers' meeting in Sejong that the finance ministry plans to relax regulations on real estate investment trusts (REITs) in order to support the normalization of the real estate project financing sector. The government intends to introduce "project REITs" by significantly reducing regulations to enable greater participation from small investors, and will expand the scope of REIT investment to include areas such as health care and data centers. REITs are a form of security that allows investors to trade stakes in real estate assets like office buildings, apartments, and hotels on major exchanges. This initiative comes in response to the challenges faced by South Korea due to increasing delinquencies in the real estate project financing sector, exacerbated by a downturn in the property market and high interest rates. The government aims to facilitate an "orderly soft landing" for the debt to mitigate its potential impact on the economy. Finance Minister Choi Sang-mok emphasized the government's commitment to enabling more individuals to benefit from real estate developments and continuing efforts to stabilize the project financing market.