Former Presidential Secretary Appointed New Head of South Korean Housing Corporation LH

Lee Sung-hoon, formerly a presidential secretary for land and transport, was appointed as the new president of the Korea Land and Housing Corporation (LH) on Tuesday. This appointment fills the leadership vacuum at LH, which has been without a president for 10 months since Lee Han-joon resigned in October.

Lee Sung-hoon is a career public servant who entered government service in 1996 through the Higher Civil Service Examination. He has held various key positions within the Ministry of Land, Infrastructure and Transport, including director of real estate development policy and director of logistics policy. His background suggests a deep understanding of housing and urban development policies.

His appointment comes at a critical time for LH, which has faced scrutiny and challenges in recent years. Observers anticipate that Lee's leadership will prioritize and accelerate the government's agenda for large-scale housing supply, aiming to stabilize the real estate market and address housing shortages.