September 20, 2014 11:29 PM ET

Real Estate Management and Development

Company Overview of Korea Land & Housing Corp.

Company Overview

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...

217 Jungjadong

Bundang-gu

Seongnam,  

South Korea

Founded in 1962

6,472 Employees

Key Executives for Korea Land & Housing Corp.

Chief Executive Officer
Age: 57
Head of Planning & Finance Division
Age: 61
Head of Housing Welfare Division and Executive Director
Age: 55
Head of Urban Environment Division and Executive Director
Age: 56
Head of Public Housing Division and Executive Director
Age: 55
Compensation as of Fiscal Year 2014.

Korea Land & Housing Corp. Key Developments

Finance Ministry Asks Korean Companies To Sell Assets To Pay Off Debt

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

Korea Land & Housing Corp. announced that CEO Lee Ji-song tendered his resignation.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 28, 2014
C-1 Block, Daegok 2 Housing Development Area, Dalseo-gu, Daegu-si, South Korea
Private Placement
December 27, 2013
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