LH to Hire 250 Compensation Officers for Public Land Districts, Fully Mobilizes to Accelerate Housing Supply

More Than 340 Personnel Assigned to Compensation Tasks

Headquarters Sets Up Dedicated Compensation Acceleration Task Force

Compensation Period Cut to 22 Months

Korea Land and Housing Corporation (LH) will undertake a large-scale workforce expansion, hiring 250 compensation officers for public housing site districts and launching a dedicated task force to accelerate housing supply.

On September 2, LH announced that it would deploy 344 personnel to compensation sites in public housing districts in the greater Seoul area and completely overhaul its compensation procedures.

Sung-Hoon Lee, President of Korea Land and Housing Corporation (LH), visited the Seoripul District in Seoul on July 8 to receive an on-site business report. Provided by LH

First, LH plans to hire a significant number of 250 specialized personnel for compensation work this month. To speed up the housing supply, the company intends to implement an efficient staffing plan by focusing skilled staff from headquarters and non-metropolitan areas, along with new hires and professional or experienced contract workers recruited in the first half of this year.

Additionally, LH will establish a new headquarters-based task force called the “Compensation Acceleration Support TFT,” consisting of experienced compensation professionals. The aim is to finalize compensation and secure land for the third new towns, which are now in the final relocation stages, while expediting the compensation process in major ongoing project areas, including Gwangmyeong-Siheung and Seoul Seoripul.

The compensation process duration, from district designation to groundbreaking, will be reduced from the existing 44 months to 20 months. LH will run core investigations and appraisal processes in parallel, and will provide incentives and penalties side by side to encourage active cooperation from landowners. With the passage of the Special Act on Public Housing by the National Assembly last month, “compensation cooperation incentives” will now be paid to landowners who actively assist with surveys, negotiated contracts, and voluntary relocation, according to their participation period. LH also plans to introduce an enforcement penalty system that imposes financial sanctions on those who, despite receiving compensation, refuse to transfer or vacate the land or objects.

Meanwhile, on this day, LH President Sung-Hun Lee visited the Gwangmyeong-Siheung public housing district compensation site for a thorough review of the compensation progress. The Gwangmyeong-Siheung public housing district is the largest among the third new towns, spanning approximately 12.71 million square meters and supplying a total of 67,000 housing units. Negotiated compensation procedures have been ongoing since July, with a target groundbreaking year of 2027. The total compensation amount is KRW 2.4 trillion.

President Lee told LH employees, “We made a comprehensive reorganization from the perspective of field support to raise the speed of compensation, which is the starting point of housing supply as well as a critical step determining project progress,” and added, “I hope everyone will make their utmost effort, with a sense of responsibility for the weighty challenge of expanding housing supply.”

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