Nominee for Minister of Land, Infrastructure and Transport Byeon Chang-heum, LH President Farewell Ceremony

[Asia Economy Reporter Yoo In-ho] Byeon Chang-heum, president of Korea Land and Housing Corporation (LH) and nominee for Minister of Land, Infrastructure and Transport, stepped down from his position as president on the 14th.

LH announced that it held a farewell ceremony for President Byeon at the LH headquarters auditorium in Jinju, Gyeongnam, on the morning of the same day, with a minimum number of attendees including executives.

President Byeon took office as the 4th president of LH in April last year and carried out the policy tasks assigned to LH for 1 year and 7 months.

During his tenure, LH explained that he effectively addressed issues faced by residents and local communities by successfully achieving the government's housing welfare roadmap supply targets and introducing new business models in the fields of urban regeneration and redevelopment projects.

During President Byeon's tenure from 2019 to 2020, a total of 313,000 housing units were supplied, the largest scale since LH's establishment, and new land sites totaling 14.6 million pyeong, including the 3rd new towns, were designated.

LH evaluated that President Byeon led 35 business projects in 19 countries, including the groundbreaking ceremony of the Korea-Myanmar Economic Cooperation Industrial Complex, and proactively promoted the government's Korean New Deal policies such as smart cities and the Green New Deal.

At the farewell ceremony, President Byeon said, "Although I have been involved in various activities in the real estate sector, the 1 year and 7 months spent at LH was the most passionate time," and added, "I hope LH will continue to discover and implement models that meet the new demands of the people and become an institution that creates tangible changes."

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