Kim Yongjin Inaugurated as GH President: "We Will Build a Sustainable Company Trusted by Gyeonggi Residents"

Kim Yongjin, former Vice Minister of Economy and Finance, was inaugurated as president of Gyeonggi Housing and Urban Corporation (GH) on the 22nd.

President Kim Yongjin previously served as the Second Vice Minister of Economy and Finance, president of Korea East-West Power, and chairman of the National Pension Service.

In his inaugural address, President Kim identified several crises facing GH: changes in the population structure and declining housing demand due to low birth rates and an aging society; rising costs of materials and financing; increasing public expectations for public services; and worsening financial conditions.

He highlighted improving GH’s financial soundness as the most urgent task. He also announced plans to manage the schedules of development projects such as the third phase of new towns, sell inventory assets, and pursue institutional reforms to improve financial conditions.

Kim Yongjin, president of Gyeonggi Housing and Urban Corporation, is speaking at the inauguration ceremony on the 22nd. Photo by Gyeonggi Housing and Urban Corporation

Furthermore, as a 'total housing welfare solution provider,' he pledged to go beyond simply supplying housing and to expand services and spatial welfare that enhance quality of life, as well as to promote housing policies focused on community recovery.

Regarding internal innovation at GH, he emphasized designing a flexible organizational structure optimized for digital transformation, establishing a culture of open communication and collaboration, recruiting and placing talent based on competencies, and innovating organizational culture.

President Kim stated, "We will overcome the crisis and build a sustainable GH that earns the trust of Gyeonggi residents," adding, "I will actively communicate and cooperate to realize 'Gyeonggi Province at the center of change and opportunity.'"

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