[2026 Parliamentary Audit] LH Chief Lee Seonghun: "Begin construction on 86,000 homes in the Seoul metro area this year... Improve public housing quality"

"Start Construction on 96,000 Homes Nationwide This Year
Improve Public Housing Design and Services"

Lee Seonghun, president of Korea Land and Housing Corporation (LH), said the corporation would move quickly to begin construction this year on 96,000 homes nationwide, including 86,000 in the Seoul metropolitan area. He also announced plans to raise the quality of public housing supplied by LH to the level of private-brand apartments by improving design and services.

Lee made the remarks during a briefing on LH’s work at a parliamentary audit by the National Assembly’s Land, Infrastructure and Transport Committee on October 12. “We will faithfully implement the government’s housing supply policies, including the September 7 measures, the August 13 measures and the Housing Stability Plan,” he said.

He said LH would accelerate project procedures to supply housing more quickly. “For public housing site projects in Seoripul and Taereung in Seoul, we are boldly carrying out all procedures in parallel and moving them forward, including permits, compensation, demolition and site preparation, to bring the start of construction forward by more than a year,” Lee said. “We will also expedite preliminary procedures for rebuilding aging rental housing, making use of idle sites and pursuing urban complex development projects so that construction can be expanded from next year on housing in urban areas, which the public prefers.” Regarding its purchased rental housing program, he added, “We will bring forward the start of construction and move-in dates by shortening schedules at every stage and strengthening incentives for early construction.”

Lee Seonghun, president of Korea Land and Housing Corporation, answers lawmakers' questions during a parliamentary audit of Korea Housing Corporation and others at the National Assembly on October 12, 2026. Photo by Yoon Dongju.

LH will also improve the quality of its public rental housing. “We will comprehensively transform the location, branding, design and services of both for-sale and rental housing to raise quality above that of apartments from leading private-sector brands in Korea,” Lee said. “We will expand public rental housing in excellent locations, such as near subway stations, and offer larger floor plans so that middle-income households can also live comfortably.” He added, “There will be no differences in finishing materials or design between rental and for-sale housing.”

LH will focus on expanding regional transportation networks in line with move-in schedules for the Third New Towns. It also plans to work to attract businesses so the new towns can become self-sufficient cities with both jobs and housing. “We will create livable cities with convenient transportation and ample jobs and infrastructure for daily life,” Lee said. “We will also continue to attract anchor companies, just as we brought SK and Korean Air to the Bucheon Daejang district and Kakao and Woori Financial Group to the Namyangju Wangsuk district.”

Lee said LH would also work to develop semiconductor industrial complexes in Yongin and the Honam region to lay the foundation for balanced national development. “We will develop the semiconductor industrial complexes in Yongin and the Honam region, which are central to the three major mega-projects, on schedule, while improving living conditions to support South Korea in securing a commanding technological lead in semiconductors,” he said. “We will begin construction early on the National Symbol Zone, where the National Assembly’s Sejong Office and the presidential office in Sejong will be located.”

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