Minister Kim Yoon-deok of the Ministry of Land, Infrastructure and Transport said on the 28th about the direction of reform for the Korea Land & Housing Corporation (LH), "The assets of LH are assets for the housing stability of the people," adding, "We must innovate so that the people's land can be used for the people."
On the same day at 5 p.m. at the Kensington Hotel in Yeouido, Seoul, Minister Kim emphasized, "I hope we can re-examine the structure and method of the public housing project from the ground up, so more people can practically feel the housing stability measures."
The LH Reform Committee is an organization aimed at innovating the overall functions and roles of LH, including its land development structure. Following President Lee Jae-myung's remark that "LH engages in land business," the Ministry of Land, Infrastructure and Transport formed the LH Reform Committee. The committee will focus on discussing ▲ business restructuring ▲ functional redefinition ▲ financial and management innovation of LH.
Minister Kim stressed that LH's role in regional balanced development should be enhanced. She said, "Currently, the vitality of the region is deteriorating, and we have reached a situation where we must decide whether to face extinction," adding, "I hope LH can find ways to contribute to balanced development."
Minister Kim also called for innovation in LH's financial and management aspects. She noted, "For LH to succeed, financial and management innovation cannot be overlooked," and added, "In order for public institutions to responsibly fulfill national policy goals, sound financial management must be supported."
On that day, Minister Kim repeatedly emphasized "safety." She said, "The construction sites managed by LH are both the homes and workplaces of the people," urging, "Please make safety a fundamental principle, not an expense, to ensure that no one is injured or sacrificed while working, and prepare fundamental measures."
Minister Kim requested that the discussions on the reform of LH do not become "a tail without a head." He stated, "Creating changes that the public can understand and nod at—that is the goal of the LH reform," and added, "I hope you can quickly complete reform plans that are in line with the public's expectations."
On that day, Lim Jae-man, a professor at Sejong University and the private chairperson of the LH Reform Committee, said, "To ensure that the people's land goes back to the people, we will gather opinions to create good reform plans for stable housing for the people."