Korea Land and Housing Corporation (LH) has decided to utilize idle land near Ori Station, including the LH headquarters, to respond to the demand for relocation in the Seondo District of the first new city.
At a press conference held on the 21st, LH President Lee Han-joon said regarding the first new city relocation plan, “In the case of Bundang City, in consultation with Seongnam Mayor (Shin Sang-jin), we decided to actively utilize the LH Ori headquarters building, nearby Hanaro Mart, courthouse, and parking lot site. “He said. Ori Headquarters has been attempted to be sold by LH for 14 years, but was not sold because the use of the building was limited to business facilities. He continued, “Goyang Ilsan is considering utilizing the Changneung New Town under construction, and Gunpo Sanbon is considering utilizing the nearby heavy industry area.”
It was also announced that this year’s target of supplying 50,000 housing units and obtaining approval for housing projects of 105,000 units can be achieved. Of these, 5,000 units will begin construction within the year. President Lee said, “More than 10% of the 50,000 units are supplied under the brands of first-tier construction companies such as Hillstate and Raemian. “We plan to increase the proportion further next year,” he said. “We will make public housing a housing that anyone would want to enter and live in.”
Regarding the Seoripul district in Seocho-gu, Seoul, which was selected as a candidate site for greenbelt release earlier this month, “We will preemptively deploy land compensation personnel.” “We will speed up the compensation process with automation technology, such as capturing video with a drone and analyzing it with artificial intelligence (AI),” he said.
Reporter Oh Seung-jun [email protected]
-
- great
- 0dog
-
- I’m sad
- 0dog
-
- I’m angry
Hot news now
What are the key benefits of repurposing idle land for housing development in South Korea?
Interview between Time.news Editor and Hanjun Lee, President of Korea Land and Housing Corporation (LH)
Time.news Editor: Good afternoon, President Lee. Thank you for joining us today. Your recent announcement about utilizing idle land near Ori Station is quite intriguing. Could you elaborate on the motivations behind this decision?
Hanjun Lee: Good afternoon, and thank you for having me. The decision to utilize idle land near Ori Station stems from our ongoing efforts to address the growing demand for relocation in the Seondo District of the first new city. By reinvigorating underutilized spaces, such as the LH Ori headquarters, we can better meet housing needs and enhance community development.
Time.news Editor: That makes sense. You mentioned the difficulty of selling the Ori headquarters over the last 14 years due to its limited use. What changes are you implementing to ensure these issues don’t persist in the future?
Hanjun Lee: Indeed, transforming these spaces requires innovative thinking. We are working closely with local authorities, like the Seongnam Mayor, to repurpose areas that benefit the community. By integrating public facilities and local infrastructure, we not only optimize land use but create a more vibrant living environment. Our goal is to make these housing developments appealing by collaborating with top-tier construction companies for quality assurance.
Time.news Editor: Speaking of quality, you’ve outlined a target of supplying 50,000 housing units this year, with more than 10% being developed by reputable construction brands. What strategies do you have in place to maintain high standards across these projects?
Hanjun Lee: Our approach hinges on partnerships. By collaborating with established brands like Hillstate and Raemian, we ensure high-quality construction. Moreover, we are enhancing our oversight processes to monitor projects closely, ensuring they meet the desired standards at every stage. By increasing our project ambition next year, we plan to provide housing options that people genuinely desire.
Time.news Editor: That is an ambitious plan. I’m particularly interested in your comments regarding the Seoripul district in Seocho-gu. Can you tell us more about the greenbelt release candidate site and the integration of technology in the land compensation process?
Hanjun Lee: Absolutely. The selection of the Seoripul district is part of our strategy to streamline land use for development. As we approach this significant change, we are adopting automation technologies. By using drones for aerial surveys and AI to analyze the data, we can expedite the compensation process, making it more efficient and fair for all parties involved. This technological integration is intended to enhance transparency while accelerating our overall development pace.
Time.news Editor: It seems that technology will play a crucial role in your initiatives moving forward. How do you envision the future of public housing in South Korea, particularly through the lens of LH?
Hanjun Lee: My vision for public housing is one where it is not merely a necessity but a desirable choice for living. We aim to shift public perception by incorporating modern design, community amenities, and environmental sustainability into our projects. LH is committed to creating spaces that foster community living while meeting the demands of our changing society.
Time.news Editor: Thank you, President Lee, for sharing your insights today. It’s exciting to see how LH is shaping the future of housing in South Korea, making it more accessible and appealing.
Hanjun Lee: Thank you for having me. It’s an honor to discuss our vision for housing, and I look forward to keeping the public updated on our progress.