Daegu Urban Development Corporation Wins Grand Prize at the 'Active Administration and Municipal Innovation Competition'

Daegu Urban Development Corporation (President Jeong Myeong-seop) received the Grand Prize at the ‘2023 First Half Daegu City Active Administration and Municipal Innovation Best Practices Competition.’

Hosted by Daegu City, this competition aims to discover, share, and spread best practices in active administration and municipal innovation being promoted by Daegu City, its 8 districts and counties, corporations and public enterprises, and invested and funded institutions for regional development.

Daegu Urban Development Corporation employees are taking a commemorative photo after receiving the grand prize.

Daegu Urban Development Corporation presented a case in the active administration category where it actively interpreted the price calculation standards for the 10-year public rental housing conversion, achieving the Grand Prize for realizing housing stability for low-income residents.

In the case of 10-year public rental housing, the Public Housing Special Act stipulates that the conversion price must be based on the appraised price, which caused difficulties in reaching agreements between tenants and landlords. To resolve this, the corporation actively communicated not only with tenants but also with the Public Rental Housing Dispute Mediation Committee, the Korea Association of Property Appraisers, and the Ministry of Land, Infrastructure and Transport, leading to a smooth agreement.

This was the nation’s first case of reappraisal of the conversion price based on an agreement between tenants and landlords, and it was highly evaluated for positively influencing the conversion of 10-year public rental apartments in other regions, earning the Grand Prize.

Jeong Myeong-seop, President of Daegu Urban Development Corporation, stated, “The corporation will continue to practice innovation and active administration that citizens can feel, contributing to housing stability for low-income residents without homes.”

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