Kim Hyun-jun Appointed as 5th LH President: "Rebirth of Integrity and Fairness in Organization with Bonripdoseong Spirit"

Establishment of LH Innovation Committee and Innovation Promotion Team for Strong Reform
Rebirth as a Clean Organization through Organizational Innovation to Restore Public Trust
Accelerating 2.4 Measures with Fairness, Transparency, and Safety as Top Priorities for Work Innovation

[Asia Economy Reporter Kangwook Cho] "We will turn this crisis into an opportunity for growth and rebirth Korea Land and Housing Corporation (LH) as a public enterprise loved and trusted by the people."

Kim Hyun-jun, the 5th president of LH (photo), emphasized the spirit of ‘Bonrip Doseong (本立道生 - When the foundation is firm, the path ahead becomes clear)’ during his inauguration ceremony held at the headquarters auditorium on the 26th.

On this day, President Kim began his inaugural speech with a ‘public apology.’ He bowed his head and said, "I sincerely apologize for causing great disappointment and concern to the public due to real estate speculation by some employees. All executives and staff, including myself, recognize the seriousness of the current situation and will undergo a thorough self-reflection and make relentless efforts to completely reform ourselves."

President Kim also stated, "We will accurately diagnose the organizational problems and reform and innovate the entire organization to ensure that such incidents never happen again." He announced plans to establish the ‘LH Innovation Committee,’ which includes external experts from academia and civic groups, and the ‘LH Innovation Task Force’ as a dedicated working team.

He added, "We will thoroughly monitor the follow-up measures and implementation status of the government’s LH innovation plan to rebirth LH as an honest, fair, and transparent organization. We plan to broadly collect public suggestions to reflect them in the LH innovation plan and actively reform the irregularities and unreasonable practices raised by the media to meet the public’s expectations and report the implementation results to the people."

Through this, he promised to make LH △ an honest organization △ a fair and transparent organization △ an organization realizing public interest values △ an organization of communication, harmony, and cooperation.

President Kim also emphasized the importance of steady policy implementation to stabilize the real estate market. He said, "We will accelerate the policy projects assigned to LH, such as the 2.4 Housing Supply Plan (Public-led 3080+), the Housing Welfare Roadmap, and the 3rd New Town pre-subscription, and supply various types of housing including public rental, public jeonse, public ownership, and public sale to contribute to stabilizing the real estate market as much as possible."

He also presented work innovation plans prioritizing fairness, transparency, and safety. Acts of private gain using internal information will be strictly punished with zero tolerance, internal controls will be strengthened to eradicate corruption, and effective work innovations will be pursued simultaneously.

President Kim stressed, "All national projects carried out by LH, such as land development and housing supply, will be promoted in a direction that aligns with the public interest, making LH an institution that harmonizes public interest and efficiency and realizes public value."

His first official schedule is to attend the National Assembly Land, Infrastructure and Transport Committee on the 27th, followed by visits to the 3rd New Town project sites to inspect the progress of policy projects.

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