The Minister of Land, Infrastructure and Transport will gather representatives from the top 10 construction companies based on construction capability evaluations for a meeting to listen to various voices. A briefing will be held on the 1st to explain the government's policy trends and hear the difficulties faced by the construction industry.
According to the construction industry on the 1st, Minister Kim Yoon-deok will hold a private meeting at a building in Seoul at 4 p.m. that day, inviting the president of the Construction Association of Korea and the CEOs of the top 10 construction companies.
During the meeting, the government policy direction will be explained, and the representatives from the top 10 construction companies will be called together to hear the difficulties faced by the industry.
The CEOs of Samsung C&T, Hyundai E&C, Daewoo E&C, DL E&C, GS Engineering and Construction, Hyundai Engineering, POSCO E&C, Lotte Engineering and Construction, SK ecoplant, and HDC Hyundai Development Company are invited to attend.
The Ministry of Land, Infrastructure and Transport is reportedly holding the meeting to gather opinions related to the supply measures it is preparing following the real estate loan regulations introduced on June 27.
Minister Kim noted that he would announce housing supply measures in early September. This is seen as a move to reflect the voices from the construction industry in the upcoming supply expansion policies to ensure there are no disruptions in policy implementation.
In the construction industry, there are concerns that while the government emphasizes accident prevention through strict sanctions on industrial accident fatalities at construction sites, it is also demanding a rapid large-scale supply of dwellings.
Earlier, Minister Kim Young-hoon of the Ministry of Employment and Labor pointed out the field management issues of construction companies by gathering the CEOs of 20 major construction firms on the 14th of last month after a series of serious accidents occurred at construction sites. He warned that even a single worker death could lead to restrictions on public bidding and the potential revocation of licenses under the special construction safety law.
A construction company official said, "While large-scale supply measures are positive as they generally increase the work that has been lacking for construction companies, in order to supply dwellings quickly, construction timelines must be shortened, and as the number of sites that companies need to manage increases, the likelihood of construction accidents also rises, leading to a rather uncomfortable situation."