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

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

Gyeonggi Urban Innovation Corporation announced on the 24th that the amendment to the 'Ordinance on the Establishment and Operation of Gyeonggi Urban Innovation Corporation,' which includes the name change, was approved by the Gyeonggi Provincial Council.

The new name will take effect around the 20th of next month, when the ordinance amendment is promulgated.

A representative of Gyeonggi Urban Innovation Corporation stated, "By explicitly including 'Housing' in the new name, we reflected the future growth vision as a control tower for public housing policy and expanded the business scope beyond development projects to good residential areas. Moving forward, we will promote the development of a Gyeonggi-type future city model by establishing a self-sufficient job base and expanding the supply of long-term rental housing at reasonable rents."

Gyeonggi Urban Innovation Corporation was launched in December 1997 as Gyeonggi Regional Corporation with the purpose of building livable communities and improving the welfare of Gyeonggi residents, and changed its name to Gyeonggi Urban Innovation Corporation in 2007.

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