Gangseo-gu and LH Sign Business Agreement for Shared Property Utilization and Public Housing Project Promotion

Cooperation on Utilization Plans for Public Property Related to New Government Building Construction

Gangseo-gu, Seoul (Mayor Jin Gyo-hoon) has decided to collaborate with the Seoul Regional Headquarters of LH (Korea Land and Housing Corporation) to efficiently manage public assets and accelerate public development projects.

Jin Gyo-hoon, Mayor of Gangseo-gu, Seoul (right in the photo), is taking a commemorative photo after signing a business agreement with Park Hyun-geun, Head of LH Seoul Regional Headquarters, for the "Efficient Development of Public Property and Creation of Happy Residential and Urban Environments." Provided by Gangseo-gu.

According to the district office, the two organizations signed a "Memorandum of Understanding for the Efficient Development of Public Assets and the Creation of Happy Residential and Urban Environments" on the 4th at Gangseo-gu Office. The core of the agreement is to devise utilization plans for public assets owned by the district office following the construction of the integrated government building and to promote public housing supply projects aimed at improving the residential environment.

Both parties agreed to seek efficient management plans for unused or idle public assets and to cooperate on ongoing urban public housing complex projects and public redevelopment projects in the area.

They also committed to promptly respond to changes in urban housing policies such as the Ministry of Land, Infrastructure and Transport’s "Plan to Expand Housing Supply in Metropolitan Areas" and Seoul City's "Southwest Area Grand Renovation Plan." Additionally, they will join efforts to expand housing supply and establish resident-tailored urban infrastructure to stabilize housing for low-income residents and youth. The two sides will form a working-level consultative body composed of practitioners from each project field to discuss specific cooperation plans, including identifying pending projects and establishing detailed plans.

Mayor Jin Gyo-hoon stated, “Starting with this agreement with LH, we will promptly prepare efficient development and utilization plans for major public assets of the district office,” and added, “We will continue to do our best to enhance the future value of Gangseo-gu and realize the wishes of our residents through closer cooperation with LH.”

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