Korea's finance minister has announced plans to boost the country's economic growth by developing idle state-owned land at the sixth meeting on economic revitalization this morning.
Kim Hyesung reports.

Finance Minister Hong Nam-ki has said the government will develop idle state-owned land to help induce investment and create more jobs.
At a meeting on economic revitalization on Wednesday, Minister Hong said 6-point-nine million square meters of unused land following the relocation of public facilities will be developed. The land, which is more than double the size of the capital's financial district Yeouido, will be used for 22-thousand public homes and as spaces for startups and ventures.
He added that land development will be linked with smart cities and urban regeneration projects.
The government expects an investment of 15 billion U.S. dollars into the state-owned land development will help create an economic effect of near 33 billion dollars, and create over 200-thousand jobs by 2028.
Citing slowing export growth, the finance minister also vowed to expand financial support for construction companies to help win more overseas orders.
Last year, Korea won around 32 billion dollars worth of overseas construction and plant projects.
Kim Hyesung, Arirang News.