GH to Promote Joint Development of National and Public Land... Signs Agreement with KAMCO, SH, and iH

Gyeonggi Housing and Urban Corporation (GH) is set to promote joint development projects on national and public land.

On June 27, GH signed a mutual cooperation agreement with Korea Asset Management Corporation (KAMCO), Seoul Housing and Communities Corporation (SH), and Incheon Urban Corporation (iH) at the KAMCO Yangjae Tower in Seoul. The agreement aims to support joint development and address current issues related to national and public land.

This agreement was established as the four organizations recognized the need for a strategic approach to utilizing national and public land for public projects, in response to the recent overheating of the real estate market and rising land values in the Seoul metropolitan area. The organizations agreed to build a cooperative framework.

Gyeonggi Housing and Urban Corporation signed a mutual cooperation agreement with Korea Asset Management Corporation (KAMCO), Seoul Housing and Communities Corporation (SH), and Incheon Urban Corporation (iH) on the 27th at the Korea Asset Management Corporation Yangjae Tower in Seoul to support joint development and current issues of national and public land. Photo by Gyeonggi Housing and Urban Corporation

Under the agreement, the organizations will work together on the joint development of national and public land in the metropolitan area. Their collaboration will include: identifying and conducting joint research projects and studies to resolve current issues; jointly discovering policy agendas and making policy proposals to the government; co-hosting forums, seminars, and other events to share research outcomes and facilitate exchanges among experts; and sharing research results and data among the organizations.

An Sangtae, Director at GH, stated, "If we can establish ways to use the limited national and public land in the metropolitan area efficiently and for the public good, we expect it will enable us to provide housing for vulnerable groups and create a variety of public spaces."

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