'Hwang Sang-ha System' SH Organizational Restructuring... Accelerating Mirinae House and Hangang Development

New Dedicated Department for 'Janggi Jeonse II' Mirinae Houses Established
Hangang Development Project Team Directly Under President

Hwang Sang-ha, the newly appointed president of Seoul Housing and Communities Corporation (SH Corporation), carried out an organizational restructuring just one week after taking office. The plan includes establishing a dedicated department for 'Miri Nae Jip (Long-term Jeonse Housing II)' and placing the Hangang Development Project Team directly under the president to accelerate the implementation of Seoul's core policies.

SH Corporation announced on the 6th that the organization was reorganized to expand the supply of 'Future My Home,' a key management goal of President Hwang, who took office at the end of last year, and to swiftly advance the 'Great Hangang Project.'

First, the 'Miri Nae Jip Supply Department' was newly established under the Housing Welfare Headquarters to exclusively handle the supply of 'Future My Home,' a core low birthrate countermeasure of Seoul City. 'Miri Nae Jip' is a long-term jeonse housing program introduced by Seoul Mayor Oh Se-hoon, which supplies newlyweds planning childbirth or marriage with long-term jeonse housing at prices lower than the surrounding market rates and offers an opportunity to purchase the house at up to 20% discounted price upon childbirth. Starting with 300 units at Olympic Park Foret in July last year, a total of 1,022 units were supplied last year. This year, 3,500 units are planned, with an annual supply of 4,000 units from next year onward.

Along with this, the Hangang Development Project Team, previously under the Urban Maintenance Headquarters, was moved directly under the president. This is intended to closely oversee the Great Hangang Project, including the Hangang Bus, Ferris wheel, and gondola, to promote the project swiftly and stably. SH Corporation established Hangang Bus last year (holding 51% of shares) and is pushing forward with the project aiming for official launch this year. Seoul Twin Eye (Ferris wheel) is scheduled to begin construction next year.

President Hwang said, "I hope that the rapid and stable supply of Future My Home will encourage more newlyweds to decide on marriage and childbirth," adding, "We will do our best to realize 'Attractive Special City Seoul' by advancing the Hangang development project quickly and steadily."

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