LH Replaces 4 Executive Directors and 26 Department Heads in "Largest Ever Overhaul"
4 out of 5 Standing Directors Replaced... Management Responsibility and Long-term Department Heads Changed
Employee Transfers Also Implemented This Month... Expansion of Field Workforce
[Asia Economy Reporter Kangwook Cho] Korea Land and Housing Corporation (LH) has carried out the largest-scale reshuffle in its history, replacing 4 out of 5 standing directors.
LH announced on the 21st that it will conduct its first senior-level personnel reshuffle since the inauguration of President Kim Hyun-jun.
With this reshuffle, 4 out of 5 standing directors will step down, and 26 first-level department heads will be replaced.
Among the 5 standing directors, 4 will be replaced, including the heads of the Planning and Finance Headquarters, Public Housing Headquarters, Residential Welfare Headquarters, and Smart City Headquarters. The retained head of the Management Innovation Headquarters will concurrently serve as vice president.
The first-level department heads were replaced due to responsibility for poor supervision of misconduct employees and controversies such as real estate speculation. LH explained that they made significant changes to bring a fresh breeze to the organization, boldly excluding long-serving department heads and appointing female headquarters leaders.
Following the 'real estate speculation scandal,' LH dismissed 4 employees with severe misconduct, terminated 2, and involuntarily retired 2 others.
LH plans to complete personnel transfers of general staff to strengthen field personnel within this month.
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President Kim said, "Through senior-level personnel reshuffles, we will renew the atmosphere and strengthen the organization's integrity and transparency with strict personnel management, including promotion restrictions on real estate speculators and excessive holders, to flawlessly implement the government's real estate policies on the ground."
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