Oh Se-hoon Appoints Kim Heon-dong as New SH President

[Asia Economy Reporter Kim Min-young] Kim Heon-dong (66, photo), former head of the Real Estate and Construction Reform Headquarters at the Citizens' Coalition for Economic Justice, has been appointed as the president of Seoul Housing and Communities Corporation (SH Corporation).

Seoul City announced on the 15th that Kim Heon-dong was appointed as the president of SH Corporation. His term is three years from the date of appointment. The inauguration ceremony will be held online at 2 p.m. on the same day in the SH Corporation auditorium.

President Kim worked at Ssangyong Construction from 1981 to 2000 and has served as head of the Apartment Price Bubble Removal Movement Headquarters and the Real Estate and Construction Reform Headquarters at the Citizens' Coalition for Economic Justice (Gyeongsilryeon) since 2000. He also served as the head of the National Project Monitoring Team, head of the Apartment Price Bubble Removal Headquarters, and head of the Real Estate and Construction Reform Headquarters at Gyeongsilryeon, and was an aide at National Assembly member Jeong Dong-young's office from 2016 to 2017.

Since his candidacy, President Kim has repeatedly expressed his commitment to significantly supply half-price apartments to reduce the housing burden on ordinary citizens. He mentioned the supply of half-price apartments as his first task after taking office, stating, "For half-price apartment sale prices, I am considering 300 million to 500 million KRW for apartments around 30 pyeong (approximately 99 square meters), including in Gangnam, Seoul." Candidate Kim said, "We will also generously supply half-price apartments where the land is publicly owned and only the buildings are sold, minimizing the initial cost of purchasing a home."

Seoul City stated, "President Kim is a housing policy expert who has made stabilizing the real estate market and 'removing real estate price bubbles' his lifelong mission and has sought practical solutions from the field. We expect him to successfully lead the housing stability and housing welfare projects for Seoul citizens through his accumulated expertise and problem-solving abilities."

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