The Korea Developer Association, a group of domestic real estate developers, is making a fresh start under new President Kim Han-mo. It plans to support member companies' growth, discover future-oriented real estate, and expand its global network to elevate the status of "K-developer."
The Korea Developer Association said on Apr. 1 that it held a ceremony to launch its seventh leadership team on Mar. 31 at the Lunamiele Convention Hall in Yeouido, Seoul.
Chair Joo-hyun Moon of MDM Group and Seung-bae Kim, CEO of Fides Development and former fifth and sixth president of the Korea Developer Association, attended as honorary chairs. About 250 people from politics and government, the association's executives and member companies, and related institutions gathered.
At the regular general meeting in February, new President Kim Han-mo was elected as the seventh president. In her inaugural address that day, Kim said, "The industry now stands at an inflection point of major transformation, and we must face the reality of growing market uncertainty," and added, "It is time to redefine the developer's role in improving people's lives, grounded in a high level of expertise and ethical awareness."
At the association's 20th anniversary ceremony in November last year, Kim announced five key action tasks to flesh out the "AND20" vision. The action tasks are: ▲ supporting member companies' growth and discovering future-oriented real estate ▲ strengthening the policy think tank function and presenting effective policy alternatives ▲ building a smart association through AI and big data–based digital transformation ▲ creating a self-sustaining financial platform and supporting development projects ▲ enhancing the status of K-developer through expansion of the global network.
Kim also emphasized, "We will become an association that builds trust through execution rather than slogans," adding, "As the members are the owners of the association, we will always keep the door open for communication so they can participate with a sense of ownership."
The Korea Developer Association is a statutory organization under the Ministry of Land, Infrastructure and Transport, with about 950 domestic real estate development companies as members. Representing domestic real estate developers, it supports the protection of developers' rights and interests and the fostering of the industry through policy recommendations and training of professionals.