GH Earns "Excellent" Rating in Local Public Enterprise Evaluation, Up One Grade from Last Year

Gyeonggi Housing and Urban Development Corporation (GH) has received an "Excellent" rating in this year's local public enterprise management evaluation (based on 2024 performance). This marks an improvement of one grade from last year's "Da" rating.

Despite challenging market conditions, including a downturn in the real estate sector, GH has steadily advanced large-scale national projects such as the third phase of new town developments, faithfully fulfilling its role as a public developer.

In addition, GH has taken the lead in introducing the "equity accumulation housing (savings housing)" model, which aims to reduce housing costs for ordinary citizens and is expected to deliver visible supply results. The corporation also received high marks for its proactive response to financial risks, thorough management efforts, and advancement of business operations based on digital transformation.

Gyeonggi Housing and Urban Development Corporation

In particular, the "equity accumulation housing" initiative, spearheaded by Gyeonggi Province and GH, is drawing attention as a new paradigm for public housing and a flagship model symbolizing GH's policy capabilities. It was reviewed as a key housing supply agenda item at the first Cabinet Ministers' Meeting on State Affairs of the new administration.

Lee Jongseon, Acting President of GH, stated, "This improvement in our rating is a valuable achievement made possible by the collective efforts of all executives and employees. We will continue to do our utmost to serve as a trusted housing policy implementation agency that enhances the quality of life for residents and realizes public interest, as well as a leading public enterprise driving sustainable urban innovation."

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