Han Seung-gu, CEO of Gyeryong Construction Industry, Inaugurated as the 29th President of the Korea Construction Association

The Korea Construction Association announced on the 5th that Han Seung-gu, CEO of Gyeryong Construction Industry, has been inaugurated as the 29th president. His term is four years, from the 1st of this month until February 29, 2028.

Seung-gu Han, the 29th President of the Korea Construction Association (CEO of Gyeryong Construction Industry) / Photo by Korea Construction Association

Newly appointed President Han Seung-gu is recognized for his efforts to improve the construction industry environment, including guaranteeing appropriate construction costs for high-quality and safe construction and abolishing various construction regulations, while serving as the 10th president of the Daejeon Chapter of the association and as chairman of the Construction Mutual Aid Association's operating committee. He has also taken the lead in improving the image of the construction industry through transparent ethical management. President Han will concurrently serve as the president of the Korea Federation of Construction Associations, chairman of the Korea Construction Industry Research Institute, chairman of the Construction Technology Education Institute, and chairman of the Construction Industry Social Contribution Foundation.

In his inaugural speech, President Han emphasized, "We (the construction industry) will build a construction environment where we receive fair compensation and proper treatment."

He stated, "Due to ongoing international instability, rising raw material prices, and high interest rates and inflation, the economic environment is difficult, and our construction industry is also going through a very challenging period," adding, "In particular, the construction industry recently faces a 'three no's (삼무) crisis' with no work, no funds, and no profits."

He also pointed out the situation where the industry is labeled a 'regressive industry' due to punitive regulation and negative framing, saying, "We will lead the 4th Industrial Revolution and drive the second renaissance of the construction industry. We will overcome the crisis in the construction industry and achieve the goals of future profit creation and expansion of rights and interests," he added.

Furthermore, President Han expressed his determination to devote all efforts to making the construction industry trusted by the public through ▲ securing appropriate budgets for social overhead capital (SOC) ▲ advancing construction finance systems and fostering healthy co-growth between large and small-to-medium enterprises ▲ expanding construction volume through deregulation of the housing market ▲ revising unreasonable overlapping punitive laws ▲ innovating construction companies and strengthening competitiveness ▲ and improving the construction industry's image through ethical and transparent management.

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