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The government plans to open up its public housing sector to private construction companies in order to reduce the dominance of LH. The move follows a series of construction disasters involving the state-run developer.
Jack supports are installed between the columns in an underground parking lot at an LH Apartment in Gongju, South Chungcheong, on Monday.
LH needs a full makeover if it really wants to continue to function as a public enterprise in charge of providing new urban locations and public housing for the people.
Land and Housing Corporation pledged to root out so-called construction industry “cartels” amid rising public jitters on shoddy construction. It launched an anti-cartel headquarter aimed at preventing corruption in the construction process.
The omission of steel bars in LH apartments shows how public safety is utterly neglected for the corporate greed.
President Yoon Suk Yeol ordered investigative and government agencies to launch a nationwide probe into poorly-built apartment complexes, following recent heavy downpours that exposed negligent architectural design and construction.
GS Engineering and Construction (GS E&C) will rebuild a whole apartment complex from scratch after the roof of its underground parking lot collapsed in April due to poor construction.
President Yoon Suk-yeol has promised quality housing for younger people, many shut out of the market as a result of the rapid increase in prices during the Moon Jae-in administration.
The government will look into the regulations to see if it can recoup excessive profits private developers pocket from real estate development projects. It was a response to a Seongnam governmennt development project scandal.
Korea JoongAng Daily Sitemap