The Korea Real Estate Economic Association Federation (hereinafter BUKYEONGYEON) said on the 25th that at the regular general meeting held on the 24th, it elected Kim Jong-ho, president of the Korea Association of Realtors(KAR), as the new chairman.

/Courtesy of Korea Association of Realtors(KAR)

At the general meeting that day, in addition to electing the new chairman, key agenda items for the stable operation of the federation were approved. Major approvals included ▲ approval of the 2025 settlement of account ▲ change of BUKYEONGYEON's principal office ▲ appointment of new executives.

BUKYEONGYEON is a federated body in which a total of nine major statutory organizations participate, including the Korea Association of Realtors(KAR), the Korea Association of Property Appraisers, and the Korea Housing Managers Association. Its purpose is to foster a sound real estate culture and contribute to the national economy through mutual cooperation among organizations and policy research.

BUKYEONGYEON plans to conduct an academic review in preparation for the "Second Real Estate Service Industry Promotion Plan" in collaboration with the Korea Real Estate Academy and to expand channels through joint policy seminars with the National Assembly so that industry experts can directly participate in national policy formulation.

In his inaugural remarks, new chairman Kim Jong-ho said, "BUKYEONGYEON will work together to consider the future of the real estate industry and do our best to become an organization that provides real value to both the public and the industry on the ground," adding, "We will successfully lead the 11th Real Estate Industry Day event and use it as a starting point to lead industry cooperation, industrial development, and further national economic growth."

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