Jugeonhyeop and HUG Hold Ceremony for National Merit Housing Improvement Project

Lee Heung-jae, CEO of Donggeon General Construction, who has actively engaged in free repairs of old houses for national merit recipients, is receiving the Presidential Citation.

[Asia Economy Reporter Tae-min Ryu] The Korea Housing Builders Association and the Housing and Urban Guarantee Corporation (HUG) jointly held the ‘2021 National Merit Veterans’ Old House Repair and Tenant Fund Support Ceremony’ on the 28th at the Federation of Korean Industries Building in Yeouido, Seoul, the 29th reported.

The event, held to commemorate the successful completion of the ‘National Merit Veterans’ Housing Condition Improvement Project,’ which marked its 28th anniversary this year, was attended by about 90 people including representatives of national merit veterans, officials from the Ministry of Land, Infrastructure and Transport and the Ministry of Patriots and Veterans Affairs, and representatives of housing companies participating in the support project.

Government awards such as the Presidential Citation and Prime Minister’s Citation, as well as the Minister of Land, Infrastructure and Transport Citation, Minister of Patriots and Veterans Affairs Citation, and plaques of appreciation were presented to 28 companies that repaired old houses of national merit veterans free of charge. The Presidential Citation was awarded to two companies, Yeongmu Construction and Donggeon General Construction, and the Prime Minister’s Citation was awarded to three companies including Naseong General Construction, Daesung Construction, and Cheongdo Construction.

The Minister of Land, Infrastructure and Transport Citation was awarded to five companies: ▲Ever General Construction ▲Juham Construction ▲Jinbok General Construction ▲Hongbu Enterprise ▲Daesin E&D, and the Minister of Patriots and Veterans Affairs Citation was awarded to six companies: ▲Dosigonggam ▲Duson Construction ▲Daebang Industrial Development ▲Sejung Construction ▲Bokwang General Construction ▲City Construction. Twelve companies including Daesong, which participated for the first time, received plaques of appreciation from the Minister of Patriots and Veterans Affairs.

Since 1994, the Housing Builders Association and HUG have conducted the National Merit Veterans’ Housing Condition Improvement Project annually. This year, 94 housing companies affiliated with the Housing Builders Association spent about 1.1 billion KRW to repair 109 old houses of national merit veterans free of charge. HUG supported housing rental funds totaling 600 million KRW, providing 4 to 5 million KRW per household to 116 homeless national merit veteran households.

Park Jae-hong, chairman of the Housing Builders Association, said, “Despite difficulties in the housing industry due to COVID-19, I deeply appreciate that more housing companies voluntarily participated than last year to repay the sacrifice and noble spirit of patriotism and loyalty of national merit veterans,” adding, “We plan to expand the project so that more national merit veterans can benefit.”

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