Construction Management and Housing Builders Associations to Hold Forum on Revitalizing the Construction and Housing Market on December 3

The Korea Construction Management Association and the Korea Housing Builders Association announced that they will jointly host a forum titled "Strategies to Revitalize the Construction and Housing Market" on December 3 at the Construction Hall in Nonhyeon-dong, Seoul.

This event aims to explore ways to revitalize the market amid mounting challenges in the overall construction and housing industry, including a slowdown in construction investment, rising construction costs, and increasing interest rate burdens. Kim Deokrae, Director of the Housing Policy Research Office at the Housing Industry Research Institute, will give a presentation on measures to invigorate the private housing market. Shin Eunyeong, a member of the Korea Institute of Civil Engineering and Building Technology, will address the prevention of failed bids in technology-based construction projects and the establishment of a fair construction cost environment. Jeon Youngjun, Director of the Future Industry Policy Research Office at the Construction Industry Institute of Korea, will discuss ways to improve overlapping regulations and excessive penalties imposed on construction companies.

During the comprehensive discussion, Kim Myungsoo, a professor at Catholic University, will serve as moderator. Experts from various fields, including the Construction Policy Division of the Ministry of Land, Infrastructure and Transport, Hyundai Research Institute, Yulchon LLC, Hyundai Engineering & Construction, and Geumseong Baekjo Housing, will participate as panelists. Jung Wonjoo, President of the Construction Management Association (who also serves as President of the Housing Builders Association), stated, "The construction and housing market has a significant impact on housing stability for the public and the overall economy. I hope this forum will provide an opportunity to share the industry's perspectives and produce realistic policy alternatives that can restore vitality to the sector."

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