The Korean Real Estate Industry Association Concludes Academic Conference on 'Strategies to Revitalize Public-Private Cooperation in the Real Estate Industry'

Appointed as the 7th President, Lee Sang-geun, CEO of Ibaek Network, Proposed as a Measure to Achieve Yoon Government's National Goals, Held on the Afternoon of the 19th at the Seoul Association of Certified Appraisers Training Room

Photos from the Spring Academic Conference and General Meeting of the Korea Real Estate Industry Association held on the afternoon of the 19th at the Training Room of the Korea Association of Property Appraisers in Bangbae-dong, Seocho-gu, Seoul. Photo by Korea Real Estate Industry Association

[Asia Economy Reporter Hwang Seoyul] The Korea Real Estate Industry Association has concluded an academic conference on the theme of ‘Measures to Revitalize Public-Private Cooperation in the Real Estate Industry.’

According to the Korea Real Estate Industry Association on the 20th, the day before, at the training room of the Korea Association of Property Appraisers in Bangbae-dong, Seocho-gu, Seoul, measures to realize the Yoon Seok-yeol administration’s national goals of ‘real estate policy’ and a ‘dynamic economy led by the private sector and supported by the government’ were presented under the theme of ‘Measures to Revitalize Public-Private Cooperation in the Real Estate Industry,’ followed by presentations and discussions on the topic. About 50 people, including professors and experts related to the real estate industry and executives from private companies, attended the academic conference.

The presentations were given by Doo Sung-gyu, Senior Researcher at the Korea Construction Industry Research Institute, on ‘Reorganization Measures for Lease Order to Stabilize the Domestic Real Estate Market,’ and Kim Sun-cheol, CEO of Mugunghwa Trust, on ‘The New Government’s Direction for Reconstruction and Redevelopment Policies.’

Senior Researcher Doo stated in his presentation, “The instability in the lease market was caused by supply shortages and loss of balance between landlords and tenants,” and added, “Lease policies should be maintained until supply-demand balance is achieved through visible results such as expanding urban supply and developing the 3rd New Town.”

CEO Kim cited supply shortages and strengthened government regulations as reasons for the rapid rise in real estate prices, and said, “Housing market stability should be sought by expanding urban housing supply through deregulation of maintenance projects.”

After the presentations, a discussion was held chaired by Professor Jang Hee-soon of Kangwon National University, with participants including Dr. Kang Shin-eun (Korea Land and Housing Corporation), Professor Kim Sun-joo of Kyonggi University, Professor Park Moon-soo of Sangmyung University, Oh Moon-sung, President of the Korean Tax Policy Association, and Jang Yong-dong, senior reporter at Asia Today.

After the academic conference, a general meeting was held, and Lee Sang-geun, CEO of Ibaek Network, was appointed as the 7th president. The term is two years until June 2024.

The new president Lee has served as the Chair of the Korea Housing Association’s Operations and Public Relations Committee, the 8th president of the Construction Housing Forum, and the Industry-Academia Vice Chair of the Korean Society of Land and Urban Planning. Currently, he is an auditor of the Korea Housing Association, a management advisor at Mugunghwa Trust, and CEO of Ibaek Network.

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