Hwang Sang-ha, former head of the Planning and Management Division of the Seoul Housing and Communities Corporation (SH Corporation), has been appointed as the new president of SH Corporation. He is the first president from within the organization.
The city of Seoul noted that Hwang was appointed as the president of SH Corporation, a position that had been vacant, effective on the 30th. His term lasts for three years from the date of appointment.
President Hwang has held various roles, including the head of the Financial Business Promotion Office, Deputy Minister for Planning and Coordination, asset management chief, and head of the Planning and Management Division at SH Corporation. He successfully drove innovations within the corporation, such as reducing debt by 7 trillion won, achieving a credit rating of AAA, and introducing new rental housing business models through real estate investment trusts (REITs). He is particularly recognized as an expert who establishes customized strategies based on extensive practical experience and pursues them vigorously.
Earlier, President Hwang underwent verification of his management capabilities, policy implementation abilities, and vision for the future of the corporation during the personnel hearing at the Seoul City Council on the 23rd.
The city of Seoul said, "We expect President Hwang Sang-ha to leverage the specialized knowledge, leadership, and capabilities accumulated over his long tenure at the corporation to resolve major issues of the Seoul Housing and Communities Corporation and to successfully implement policies for the housing stability and welfare services of Seoul citizens."
President Hwang stated, "At a time when housing insecurity for the underprivileged has intensified due to unstable housing prices, the corporation will take a more innovative and proactive stance in addressing urban issues in Seoul."
He added, "I will do my best to ensure the smooth execution of pressing agendas such as the construction and supply of high-quality rental dwellings, expanding the supply of long-term lease housing II (Miri's House), and the Great Han River Project, as well as securing financial soundness for the corporation's sustainable public utilities."