Jung Sung-ho: "LH Should Be Excluded from 3rd New Town Project, Gyeonggi Housing and Urban Corporation Should Take the Lead"

[Image source=Yonhap News]

[Asia Economy Reporter Jeon Jin-young] On the 15th, Jeong Seong-ho, a member of the Democratic Party of Korea, stated that in relation to the Korea Land and Housing Corporation (LH) scandal, LH should be excluded from the 3rd New Town project, and instead, the Gyeonggi Housing and Urban Corporation should take the lead.

Jeong, considered a close aide to Gyeonggi Province Governor Lee Jae-myung, said on his Facebook that “LH, which has completely lost the trust of the public, should undergo reforms at the level of dismantling and be effectively excluded from the main body of the 3rd New Town project.”

He suggested, “How about making the Gyeonggi Housing and Urban Corporation (GH), which is located in the relevant area of Gyeonggi Province, the main body of the 3rd New Town project, with LH participating only as a supporting partner?”

Jeong emphasized, “GH has sufficient experience and capability, and if the project is promoted based on Governor Lee’s principle of basic housing, I am confident it will become a groundbreaking turning point for stabilizing housing prices and securing affordable housing for ordinary citizens.”

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