LH Holds Emergency Meeting to Eradicate Construction Industry Cartel Practices

Thorough Investigation into 15 Cases of Rebar Omission and Allegations of Favoritism

Korea Land and Housing Corporation (LH) announced on the 2nd that it will hold an emergency meeting at 2 p.m. at the Seoul Regional Headquarters, where executives and regional heads from across the country will gather to discuss measures to eradicate the construction industry's interest cartel.

The meeting was organized to analyze the fundamental issues in order to proactively break the interest cartels across the construction industry, including design, construction, and supervision, as the largest public institution in charge of orders. It will also address measures to eradicate preferential treatment related to contracts currently under internal review.

First, LH plans to transparently disclose the selection procedures and evaluation processes of companies suspected of preferential treatment in the 15 apartment complexes with flat slab parking lots where issues have been identified.

Furthermore, LH intends to fundamentally eliminate any possibility of preferential treatment by thoroughly reviewing the entire construction process from ordering to supervision and improving the system accordingly. To this end, an organization dedicated to anti-cartel efforts and the eradication of poor construction will be established immediately.

Lee Han-jun, President of LH, stated, “We will improve the system so that suspicions of preferential treatment can no longer arise and will disclose the suspicions in detail to gain public trust. We aim for these efforts to serve as a decisive turning point in dispelling suspicions of interest cartels involving public institutions, including construction public enterprises, and to become a model case by promoting fundamental system improvements and preventive systems.”

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