Noh Hyung-wook "Pursuing LH Innovation Plan... 2·4 Measures Proceeding Without Delay"

Revealed in the Personnel Hearing Response Materials Submitted to the National Assembly

[Image source=Yonhap News]

[Asia Economy Reporter Kangwook Cho] Roh Hyung-wook, nominee for Minister of Land, Infrastructure and Transport (photo), announced on the 2nd that he will promote reasonable innovation measures to restore the trust in public institutions tarnished by the Korea Land and Housing Corporation (LH) land speculation allegations.

On the same day, in response to a question from Park Sang-hyuk, a member of the Democratic Party of Korea, regarding solutions to current issues related to LH, Roh stated in the personnel hearing response submitted to the National Assembly, "We will promote reasonable innovation measures to transform LH into a public institution that faithfully performs its original functions such as housing supply and residential welfare, which are the purposes of its establishment."

He emphasized, "We must take a responsible attitude toward this speculation incident, correct the wrongs, and restore the trust of the people. If I become minister, I will hold those involved in speculation accountable accordingly, but also pursue structural reforms where checks and balances operate to prevent speculation from occurring structurally, and I will pay close attention to whether these mechanisms function smoothly."

Along with this, Roh also stated that existing housing policies, including the February 4th measures, will be carried out without disruption.

He said, "Consistently implementing policies promised to the public is also a way to maintain trust with the people," and added, "We plan to steadily promote housing supply policies such as the February 4th measures without wavering."

Roh explained, "If appointed, I will especially ensure that there are no disruptions in housing supply due to employee unrest caused by LH innovation measures."

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