Korea Land & Housing Corporation (LH) will openly recruit a new president. Former President Lee Han-jun, who was appointed in Nov. 2022 under the Yoon Suk-yeol administration, tendered a resignation about three months before his term expired, but the resignation had not been accepted until the dismissal plan was approved on the 30th of last month.
LH announced on the 20th that it will invite applications for a president with a three-year term through its website until the 27th. The new president's term is three years, and reappointment will be in one-year increments depending on management evaluation results and other factors.
Candidates who pass the document screening will be interviewed, and the final president will be selected through deliberation and resolution by the Public Institution Management Committee, a recommendation for appointment by the Minister of Land, Infrastructure and Transport, and presidential approval. Considering past cases in which it took two to three months from recruitment to appointment, the new president is expected to take office early next year.
Meanwhile, the process to replace the heads of public institutions under the Ministry of Land, Infrastructure and Transport, who will work with the Lee Jae-myung administration in running state affairs, has recently gathered pace. The Korea Real Estate Board (KREB) has been accepting applications for a new president since the 17th, and SR since the 13th. The Korea Housing & Urban Guarantee Corporation (HUG) accepted applications for the next president until the 7th, drawing more than 10 candidates. The new HUG president is expected to be selected early next year.