Former Lawmaker Lee Eun-jae Nominated as Candidate for Chairman of the Korea Specialty Contractors Mutual Aid Association

Former Assemblywoman Eun-Jae Lee [Image source=Yonhap News]

[Asia Economy Reporter Seongpil Cho] Former lawmaker Eun-jae Lee has been selected as the new chairman candidate to lead the Korea Specialty Contractors Mutual Aid Association.

According to the construction industry on the 12th, the Korea Specialty Contractors Mutual Aid Association held an operations committee meeting that day and, after reviewing applicants for the chairman and standing auditor positions, selected former lawmaker Lee as the chairman candidate. If the appointment is approved at the extraordinary general meeting scheduled for the 1st of next month, Lee will assume the chairman position and begin a three-year term.

Hong Ji-man, former political secretary to the presidential office, who applied for the standing auditor position, was eliminated in the final screening. The standing auditor position will be reopened for applications.

Established in 1988 as a statutory organization, the Mutual Aid Association provides financial products such as guarantees, loans, and mutual aid for specialty construction business operators. It has approximately 59,000 members and capital of 5.5 trillion won. To enhance transparency and professionalism, this year marks the first time the chairman is elected through an open recruitment process.

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