Next-Generation ITX Trains to Begin Operation in Gangwon-do: Efforts Made for Faster Travel in Southern Gangwon
Gangwon-do Signs Business Agreement for Operation of Next-Generation ITX Trains Gangwon-do recently held a business agreement ceremony for the operation of next-generation ITX trains, which are set to begin running on the Taebaek Line from next month. The ceremony took place at Taebaek City Hall and was attended by local officials, including Governor Kim Jin-tae, […]
Suspension of Service Process for All Companies Ordered by South Korea’s Minister of Land, Infrastructure and Transport
Minister Orders Suspension of Service Process for All Companies in Korea Land and Housing Corporation By Park Hye-rin The Minister of Land, Infrastructure and Transport, Won Hee-ryong, has instructed the Korea Land and Housing Corporation (LH) to completely suspend the service process for all companies. This decision comes as Minister Won received a report on […]
Minister of Land, Infrastructure and Transport Orders Complete Halt to Contracting Services with Former Companies
Minister Wins Hee-ryong Takes Drastic Measures to Address Corruption Scandal at Korea Land and Housing Corporation SEOUL – The Minister of Land, Infrastructure and Transport, Wins Hee-ryong, has made a bold move to combat corruption at the Korea Land and Housing Corporation (LH). On October 15th, Minister Wins ordered LH to immediately halt all contracting […]
LH Faces High-intensity Restructuring: Organizational Culture Must Change to Ensure a Bright Future
It appears that the Korea Land and Housing Corporation (LH) is currently undergoing a process of intensive restructuring. In addition to structural changes, it is necessary for the organization’s culture to shift towards a more positive and transparent approach. Recently, it was revealed that LH had omitted the inclusion of 5 apartment complexes with missing […]
Government Implements Measures to Address Reverse Tax Crisis, Increase Loan Limits and Provide Housing Support
Government Introduces Measures to Address Reverse Tax Crisis The government has unveiled a set of measures aimed at tackling the reverse tax crisis. To address the issue of landlords who are unable to return the jeonse deposit, the current DSR (Total Principal Interest Repayment Ratio) will be replaced with a new approach. Under this system, […]
Substantial relaxation of restrictions on the resale of pre-sale rights… reduced from 10 years to 3 years
The amendment to the Housing Act Enforcement Decree was approved by the State Council… 1 year for overpopulation control areas, 6 months for metropolitan cities Effective from the 7th retrospective application … Basis for resale of ‘Dunchon Jugong’ from December this year Because the ‘mandatory residence rule’ is maintained, transactions are only possible after two […]
Unsold flats, on the rise for 9 consecutive months
75,438 nationwide in February A total of 83.3% still focus on fat Slowing growth… ‘Malignant’ volume soaring The government is “not at the level to intervene” In February, the number of unsold homes across the country exceeded 75,000 for the second consecutive month following the previous month. Although the increase in unsold units has slowed […]
Kim Kyung-wook, CEO of Incheon International Airport, who gave a letter of resignation, “I know it as the will of the person in charge of personnel affairs.”
“Land, Infrastructure and Transport Minister Hee-ryong won excluded from business report” “There is no reason for the resignation of the president of the airport who found live ammunition” Kim Gyeong-wook, CEO of Incheon International Airport Corporation. | Provided by Incheon International Airport Corporation It has been confirmed that Incheon International Airport Corporation President Kim Gyeong-wook […]
[시민기자가 간다] Hee-ryong and Lee Dong-hwan win “Improving old apartments in Ilsan New Town”
Wander around the aging planning city and listen to the views of residents… Check support and supplementary measures Minister of Land, Infrastructure and Transport Won Hee-ryong paid a surprise visit to Ilsan New Town in Goyang, Gyeonggi Province the day before and toured the aging planning city site for about two hours with Lee Dong- […]
Hee-Ryong won “Intermediary involved in charter fraud, punished according to zero tolerance principle”
On the morning of the 29th, Minister of Land, Infrastructure and Transport Won Hee-ryong met with Kim Tae-woo, head of Gangseo-gu, and officials from the Korea Association of Licensed Realtors in relation to the recent villa king charter fraud case at the office licensed brokerage in Gangseo-gu, Seoul. Photo = Yonhap News [데일리한국 박준영 기자] […]
