SH Corporation Provides Detailed Sales Cost Breakdown of 8 Complexes to Gyeongsilryeon

Scheduled to be Open to the Public as Well

Cho Daewon, Acting Head of Construction Business Headquarters at SH Corporation (left), and Kim Seongdal, Secretary General of the Citizens' Coalition for Economic Justice, are posing while holding detailed data on the cost of sale. (Provided by SH Corporation)

[Asia Economy Reporter Kim Hyemin] Seoul Housing and Communities Corporation (SH Corporation) announced on the 23rd that it has delivered detailed sales cost data requested by the Citizens' Coalition for Economic Justice (CCEJ).

On the same day, SH Corporation held a data delivery ceremony for the information disclosure request at the CCEJ headquarters auditorium in Jongno-gu and handed over the relevant data to CCEJ.

The data provided this time includes design statements, contract statements, subcontract statements, and subcontract-to-main contract comparison tables for eight complexes, including Naegok 1 Complex, which SH Corporation sold and supplied. CCEJ had requested information disclosure from SH Corporation in 2019, but the data had not been disclosed because it was either not directly created or managed by SH Corporation or there was a possibility of infringing on business and trade secrets between construction companies and subcontractors.

However, following the inauguration of Seoul Mayor Oh Se-hoon and SH Corporation President Kim Heon-dong, a former CCEJ member, last month, SH Corporation adopted a policy of expanding the disclosure of sales cost data, publicly releasing the sales cost data for Godeok Gangil 4 Complex and deciding to disclose the data requested by CCEJ as well.

SH Corporation plans to process the data to make it easier for citizens to understand and disclose it to the public.

Kim Heon-dong, President of SH Corporation, stated, "By transparently disclosing sales cost data and practicing transparent and open management, we will protect citizens' right to know," adding, "If various institutions join in SH Corporation's decision to disclose sales cost data, it is expected to have a positive impact on stabilizing the real estate market."

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