Gyeonggi Urban Corporation to Change Name to 'Gyeonggi Housing and Urban Corporation' After 13 Years

Gyeonggi Urban Innovation Corporation

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Urban Corporation is changing its name to 'Gyeonggi Housing and Urban Corporation' (GH Corporation) for the first time in 13 years.

Gyeonggi Urban Corporation announced on the 12th that the "Partial Amendment to the Ordinance on the Establishment and Operation of Gyeonggi Urban Corporation," which includes changing the corporation's name to "Gyeonggi Housing and Urban Corporation," passed the standing committee of the Gyeonggi Provincial Council on the 11th. The new name will be implemented immediately upon the promulgation of the ordinance amendment after the plenary session of the provincial council scheduled for the 24th. The English abbreviation will be GH Corporation.

The corporation explained that this change explicitly includes "housing" in the name to expand its business scope beyond development projects to good residential areas and to embody its vision of growing into a control tower for public housing policy.

A representative of Gyeonggi Urban Corporation stated, "By including housing in the corporation's name, we emphasized the corporation's demand for innovation and identity, and we will transform and grow into a 'public housing welfare platform company.' We will provide public services to solve Gyeonggi Province's housing and employment issues and create livable cities."

Gyeonggi Urban Corporation has accumulated development capabilities and expertise as a metropolitan urban development corporation by promoting major base development projects in the province, such as Gwanggyo New Town, Dasan New Town, and Pangyo Techno Valley, as well as industrial complexes.

Additionally, it is contributing to regional development in Gyeonggi Province through projects such as the 3rd phase new towns in Gwacheon and Hanam and industrial complex projects for balanced development in the underdeveloped northern areas.

Gyeonggi Urban Corporation was launched in December 1997 as "Gyeonggi Regional Corporation" and changed its name to "Gyeonggi Urban Corporation" in 2007, continuing to the present.

This content was produced with the assistance of AI translation services.