Korea Land & Housing Corporation, together with its subsidiaries, is engaged in land, housing, and urban development projects, as well as related activities in Korea. The company operates through seven segments: Public Housing, Industrial Complex, Rental Housing, Multifunctional Administrative City, Innovation City Development, Land Bank, and Others. The Public Housing segment is involved in the development, construction, sale, and lease of housing units for low income households and individuals. The Industrial Complex segment is engaged in the development, construction, sale, and lease of industrial complexes. The Rental Housing segment constructs, purchases, rents, sells, and operates rent...
Founded in 1962
Finance Ministry Asks Korean Companies To Sell Assets To Pay Off Debt
Dec 12 13
The Finance Ministry of Korea ordered 12 debt-ridden major public organizations to map out self-rescue plans in a bid to tackle their soaring debt and become more efficient in management. They were also urged to sell unnecessary assets, refrain from issuing additional bonds, and conduct more vigorous feasibility studies before and after launching new businesses. The ordered companies include Korea Electric Power Corp. (KOSE:A015760), Korea Gas Corp. (KOSE:A036460), Korea National Oil Corporation, Korea Land & Housing Corp. and Korea Resources Corporation. “This is a comprehensive set of measures intended to restore normality in public organizations which have skyrocketing debt that has dragged down our economy and whose excessive benefits for their workers have angered the public,” Hyun Oh-seok, Finance Minister of Korea, said.
Korea Land & Housing Corp. Announces Resignation of Lee Ji-song as CEO
Mar 28 13
Korea Land & Housing Corp. announced that CEO Lee Ji-song tendered his resignation.