Minister Kim Yoon-duk Presents Letter of Appointment to LH President Lee Seonghun

"Emphasis on High-Quality Rental Housing and Completing Internal Reforms"

The Ministry of Land, Infrastructure and Transport announced on the 14th that Minister Yoon-duk Kim presented the letter of appointment to Seonghun Lee, the new president of Korea Land and Housing Corporation (LH).

On that day, Minister Kim urged President Lee to ensure that LH fulfills its responsible role in stabilizing housing for citizens and promoting balanced national growth. Stressing the importance of accelerating the housing supply, Minister Kim said, "Mobilize all corporate capabilities to quickly advance the Phase 3 New Town project, and closely communicate with the field to deliver results in urban housing supply that meet the expectations of the public."

Yoon-duk Kim, Minister of Land, Infrastructure and Transport (right), is taking a commemorative photo after presenting the letter of appointment to Seonghun Lee, the new President of Korea Land and Housing Corporation (LH), on the 14th. Ministry of Land, Infrastructure and Transport

He also requested that the location, size, and quality of public rental housing all be improved. Minister Kim stated, "A wide range of citizens, including young people, newlyweds, and the elderly, should be able to actively consider public rental housing as a stable housing option." He added, "There must be a sufficient supply of spacious and comfortable rental homes in areas with good transportation and living conditions." He also emphasized that thorough quality and safety management must be ensured throughout the entire housing supply process.

Minister Kim remarked that LH's role is more important than ever as the three major mega projects are implemented and the foundation is laid for balanced regional growth. He said, "Provide land needed for establishing projects such as the Yongin and Honam region semiconductor industrial complexes in a timely manner to support corporate investment. Please utilize LH's accumulated experience and capabilities to build cities where local residents can settle and live."

In addition, he stated, "For LH to faithfully perform its core roles, the LH reform plan must also be successfully completed." He asked that the reform tasks be carefully managed as well.

Minister Kim concluded, "Let the Ministry of Land, Infrastructure and Transport and LH work closely together as one team to achieve results the public can truly feel," and called for joint efforts for the successful implementation of government policy tasks centered on national sovereignty for the people.

This content was produced with the assistance of AI translation services.