GH, Excellence in Local Public Enterprise Management Evaluation

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Housing and Urban Corporation (GH) received an excellent grade of 'B' among the 15 metropolitan development corporations nationwide in the '2021 Ministry of the Interior and Safety Local Public Enterprise Management Evaluation.'

The Ministry of the Interior and Safety annually measures the major performance of local public enterprises and evaluates them into five grades. GH received a 'C' grade last year.

GH cited its management system oriented toward social values as the reason for achieving the excellent grade in this evaluation.

GH empathizes with housing and job issues and established the 2030 New Management Strategy. As part of this, it is making innovative efforts to realize a "livable city," including developing a shared city model.

Additionally, GH is proactively participating in the 3rd New Town project and continuously expanding its business capabilities, such as creating the largest industrial complex among local public enterprises. Internally, it has strengthened safety, ethics, and human rights management to establish a socially responsible management system.

GH is also paying attention to a stable financial structure. GH's debt ratio decreased by 19% compared to the previous year, and its net income was 389 billion KRW based on the 2020 settlement, the highest level among metropolitan development corporations.

Based on a stable financial condition, GH plans to continuously promote the timely implementation of the 3rd New Town, develop future-oriented urban models, and expand the creation of regional technovalley zones to generate quality jobs.

Lee Heon-wook, President of GH, emphasized, "Based on this year's management performance and excellent human resources, we will focus more on promoting the corporation's core strategies such as solving housing problems, establishing job foundations, and stabilizing real estate," adding, "Through this, we will strive to become a leading company in ESG management based on social values."

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