The Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation (LH) have begun developing a detailed roadmap for LH's organizational restructuring. Despite the separation of the organization, both newly established entities will maintain their headquarters in Jinju, South Gyeongsang Province.
On the afternoon of September 11, Vice Minister Kim E-tak held a kickoff meeting with LH President Lee Seong-hoon and others to discuss the direction of the restructuring and future preparations.
This meeting was convened to advance discussions following the Ministry of Economy and Finance's announcement on September 3 regarding the basic direction for the restructuring of public institutions, which included LH.
During the meeting, Vice Minister Kim stated, "Now that the direction for LH's restructuring, discussed since August of last year through the LH Reform Committee, has been established, it is time for the Ministry and LH to work as one team to implement the restructuring." He emphasized the need to create a specific roadmap and ensure that all necessary preparations are made for the subsequent procedures.
He also assured that employees would not face any disadvantages in terms of treatment during the restructuring process. "The restructuring must be based on trust and communication between the government, the institution, and the employees," he said, adding that while the government would make efforts, LH should also actively listen to employees' concerns and suggestions.
Furthermore, he noted, "Even with the separation of the organization, we will carefully ensure that employees do not experience any disadvantages in terms of compensation and treatment," and pledged that the Ministry would actively consult with relevant departments, including the Ministry of Economy and Finance.
Notably, the plan is to keep both institutions' headquarters in Jinju after the separation. Vice Minister Kim remarked, "Since LH has already relocated to the provinces, we plan to maintain the headquarters in Jinju even after the organizations are separated," and requested that the LH president pay special attention to internal communication and organizational stability to alleviate employees' concerns and allow them to focus on their work.
In conclusion, Vice Minister Kim stressed, "Core tasks directly related to housing supply and welfare must continue without disruption during the restructuring process," urging close cooperation between the Ministry and LH to ensure that ongoing issues are addressed without delay while the restructuring is carried out smoothly.
* This article has been translated by AI.
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