[CLSTR]
< Back to situations

We’ll email you as it develops, and you can follow the whole thread from day one.

[SITUATION] · [ACTIVE]

5 clusters · 7 sources · 25 days · First seen · Last updated

Categories: BUSINESS · POLITICS

South Korea LH accelerates housing delivery

Entities: Gwangmyeong‑Siheung public housing zone · Goyang · Lee Seong‑hoon · Seogu district, Gwangju · Korea Land & Housing Corporation (LH)

Overview

In early July 2026 President Lee Jae‑myung appointed former presidential secretary Lee Seong‑hoon as president of Korea Land & Housing Corp (LH). Lee was sworn in and outlined five priority tasks, including speeding up housing delivery, improving public‑home quality, supporting balanced regional growth, leveraging AI and ESG‑based management, and enhancing safety.

Since taking office, Lee has acted swiftly to implement those priorities. LH announced the launch of 2,306 homes in the Goyang‑Changreung third‑new‑town project and 378 units in Gunpo’s Daeyami public‑rental‑to‑sale conversion, part of a 2026 procurement plan worth about 17 trillion won. He visited the Seoripul district and ordered the construction schedule for the flagship development to be moved forward by more than a year, targeting a 2028 start for its first phase, which could eventually provide up to 20,000 units. LH is pairing public‑rental units with profit‑sharing models and adding youth‑focused and mid‑size apartments, while reinforcing heat‑wave safety checks.

LH has now accelerated the compensation process for the Gwangmyeong‑Siheung new‑town project, beginning payments on July 31—four months ahead of the original November schedule. About 13,000 land and structure owners will receive lump‑sum settlements covering land, underground facilities and business rights, with negotiations slated to run for five months. Expanded staff and a new reservation system at the U‑Planet Tower office aim to streamline the process. The 12.71 million‑m² site is slated to deliver 67,000 housing units—including 13,000 for public sale and 24,000 for public rental—by the end of 2027, bolstering supply in the southwestern Seoul metropolitan area.

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    South Korea's LH accelerates housing projects and launches community play facility

    LH speeds up housing projects, restructures leadership, and adds a public indoor play facility in Gwangju to boost regional amenities.

  2. 15 days ago

    [BUSINESS] 2 sources
    South Korea's LH accelerates compensation for Gwangmyeong‑Siheung new town

    LH started compensation for the Gwangmyeong‑Siheung housing project four months early, covering 13,000 owners and targeting 67,000 homes by end‑2027.

  3. 22 days ago

    [BUSINESS] 2 sources
    South Korea's LH Boosts Housing Delivery Under New CEO Lee Seong-hoon

    New LH CEO Lee Seong‑hoon pushes rapid housing delivery, launching 2,306 units in Goyang Changreung, 378 in Gunpo Daeyami, and accelerating Seoul’s Seoripul project to add up to 20,000 homes.

  4. 23 days ago

    [POLITICS] 2 sources
    Lee Sung-hoon appointed LH head to accelerate public housing supply

    Lee Sung‑hoon becomes LH president, vows faster, affordable public housing, quality upgrades, regional balance and organisational reforms.

  5. 26 days ago

    [POLITICS] 3 sources
    South Korea names Lee Seong‑hoon as head of Korea Land & Housing Corp

    Lee Seong‑hoon, former presidential land‑transport secretary, becomes head of Korea Land & Housing Corp, ending an 8‑month vacancy and poised to push public‑housing expansion and LH reform.

Sources

biz.heraldcorp.com · hani.co.kr · news.donga.com · news.heraldcorp.com · sateconomy.co.kr · seoul.co.kr · stv.seoul.co.kr