Government to Release Top 20 List of Construction Companies with Housing Shortages
The Ministry of Land, Infrastructure and Transport has announced that it will be publishing a list of the top 20 construction companies facing housing shortages every six months. This decision comes after the ministry started accepting housing defect issues through the website of the Defects Review and Dispute Mediation Committee.
The Lower Judiciary Committee, an organization under the Ministry of Land, Infrastructure and Transport, resolves disputes arising from defects in apartment complexes on behalf of the courts. It is the first time that the ministry will disclose the number of default judgments for each construction company, in addition to the total number and types of cases.
The publication of the list aims to raise awareness about the issue of housing defects and prompt construction companies to improve the quality of their work. It serves to satisfy the public’s right to information and provide an opportunity for companies to strive for improvement.
According to the data from the Ministry of Land, Infrastructure and Transport, GS Engineering & Construction had the highest number of defaults between 2019 and last month, with a total of 759 defect reviews and 372 being judged as defective. The number of detailed defects for the company was 1,612. Gyeryong Construction Industry, with 151 defects and 533 detailed defects, followed closely behind. Other companies on the list included Daebang Construction, SM Merchant Marine, Daemyung Construction, DL E&C, and Daewoo Construction.
This release of the top 20 list by the government aims to increase transparency in the construction industry and address the issue of housing shortages. By providing this information to the public, it is hoped that the construction companies will be motivated to enhance their construction standards and deliver high-quality housing to the public.
Reporter: Kim Yoon-ki
Email: rdr05@infostock.co.kr
Note: Unauthorized reproduction and redistribution of this content is prohibited.
GS Engineering & Construction faces controversy over poor construction. Photo = News 1
[인포스탁데일리=김윤기 기자] The government has decided to publish a list of the top 20 construction companies with a lot of housing shortages every six months.
On the 26th, the Ministry of Land, Infrastructure and Transport announced that it was accepting housing defect issues through the website of the Defects Review and Dispute Mediation Committee and providing information on the status of defects for all construction companies.
The Lower Judiciary Committee is an organization under the Ministry of Land, Infrastructure and Transport that resolves defects disputes arising in apartment complexes on behalf of the courts. This is the first time that the Ministry of Land, Infrastructure and Transport has revealed the number of default judgments for each construction company.
Previously, only the total number of cases and the type of cases were disclosed, but the list of construction companies was published in order to raise awareness of the problem of do-it-yourself defects.
Between 2019 and last month, the construction company with the most defaults was GS Engineering & Construction. As a result of a total of 759 defect reviews, 372 were judged to be defective. The number of detailed defects is 1,612.
Gyeryong Construction Industry was judged to have 151 defects, and the number of detailed defects was 533. Next were Daebang Construction, SM Merchant Marine, Daemyung Construction, DL E&C, and Daewoo Construction.
An official from the Ministry of Land, Infrastructure and Transport said, “Disclosing defects will satisfy the public’s right to know and provide an opportunity for construction companies to strive to improve quality.”
Top 20 list of construction companies with housing shortages. Data = List of the top 20 construction companies with housing shortages from the Ministry of Land, Infrastructure and Transport. Data = Ministry of Land, Infrastructure and Transport
Reporter Kim Yoon-ki rdr05@infostock.co.kr
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