New LH Chief's First Site Visit: "Advance Seoripul Groundbreaking by Over a Year"

Race to Supply 20,000 Homes in Seoul's Seoripul Chief Inspects Project Progress in Person

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By Woo Young-tak
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LH President Lee Sung-hoon inspects the progress of the project during a visit to the Seoripul public housing district in Seocho-gu, Seoul, on the 8th. Photo courtesy of LH - Seoul Economic Daily Finance News from South Korea
LH President Lee Sung-hoon inspects the progress of the project during a visit to the Seoripul public housing district in Seocho-gu, Seoul, on the 8th. Photo courtesy of LH

Lee Sung-hoon, president of the Korea Land and Housing Corporation (LH), visited the Seoripul public housing district in Seoul for his first field trip since taking office, stressing the need to accelerate housing supply. Lee ordered that the housing groundbreaking be moved up by more than a year from the existing plan.

LH said Lee visited the Seoripul public housing district in Seocho-gu, Seoul, on Tuesday to inspect the project's progress. After receiving a briefing on the progress and schedule for each district, Lee instructed officials to boldly advance the housing groundbreaking timeline by more than a year ahead of the announced plan. He then visited Seoripul District 1 and District 2 in turn to examine the project's progress firsthand.

The Seoripul district is a key site for expanding housing supply in the Seoul metropolitan area. Combining District 1 (18,000 units), designated in February, and District 2 (2,000 units), designated in June, up to 20,000 units are slated for supply. The Seoripul district consists of District 1, developed in the Wonji, Sinwon, Yeomgok, and Naegok-dong areas of Seocho-gu, Seoul, and District 2 in the Umyeon-dong area.

LH had originally planned to apply for the district plan this month, obtain approval in the first half of next year, complete compensation in the second half, and break ground in 2028. However, Lee instructed officials that day to review a plan to advance the groundbreaking by more than a year from the existing schedule.

In addition, as resident opposition and complaints seeking preservation continue, LH plans to operate a resident consultative body to continuously discuss key issues such as compensation and relocation. LH aims to expand public rental housing for young people at prime locations such as areas near subway stations, and to newly introduce mid-sized units for newlyweds and families with children, along with other specialized housing, developing the Seoripul district into a flagship model of the government's housing policy.

"The reason I visited the Seoripul district as my first site after taking office and reviewed measures for early project implementation is that swiftly supplying housing in high-demand areas is an important task for achieving stability in the real estate market," Lee stressed. "I will devote all possible capabilities to housing supply so that low-income households without homes, young people, and newlyweds can reside stably in the Seoul metropolitan area."

Following his visit to the Seoripul district, Lee visited the Seoul Daebang Newlywed Hope Town construction site, where he conducted a special safety inspection in preparation for heavy rain and heat waves. At the site, he checked compliance with the five basic heat wave safety rules — water, cooling equipment, rest, cooling gear, and 119 emergency reporting — and instructed that work suspension measures for each heat wave stage be thoroughly implemented.

"Along with preparing for heavy rain, the risk of heat-related illness for construction site workers has grown due to climate change, so I will create a safe workplace free of accidents through meticulous on-site safety management," Lee said.

Original reporting by Woo Young-tak for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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