LH (Korea Land and Housing Corporation) employees’ suspicion of land speculation in the new city continues to emerge. In particular, public anger is growing at the situation where related experts have tried to maximize rewards by using tricks such as’split the stake’ and’plant a rare tree’ that are surprised.
LH is a public company created by the merger of Korea Land Corporation and Korea Housing Corporation in October 2009. It carries out the entire process from housing site development or urban development to housing sales. According to Alio and LH, a management information disclosure system for public institutions, the average annual salary for employees last year was 8,010,000 won.
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Earthwork and main work integrated repulsion… Integrated union in 10 years
LH was established as a new corporation by integrating the two companies in the 1990s as earthworks formed various new towns and participated in housing construction projects, and when the main works and duties overlapped. L is Land and H is House.
In this process, the earthworks and maingong employees each strongly opposed the integration, but even after the establishment of LH, the hostile atmosphere did not change easily. A prime example is union activity. Even after the consolidation, the unions of the previous company were each active, and only in 2019, 10 years after the consolidation, the unified union was born.
An LH employee who requested anonymity said, “It was openly said that the promotion of department members varies depending on whether the department manager is from Earthworks or Jugong. I am losing.”
LH employees have a wealth of real estate knowledge as their main job is to develop land and sell houses. In particular, the compensation service, which is considered the front-line department with the greatest number of complaints, is the department to which LH new employees are assigned first. In general, ten-year-old employees have worked on compensation for an average of four years. Because of this, even new employees have a lot of knowledge about the land.
Another LH employee who requested anonymity said, “The main topic is about real estate investment when you have a dinner with close associates from the beginning. He said, “If you have to keep and have no extra money, three or four people gather together to buy and bury them.”
Currently, there are 10,000 people working at LH. Among these, the departments that can know the new city development information in advance are largely about the departments that determine candidate sites for new cities or promote development, and departments that handle land compensation after the candidate sites are determined.
The New Town Business Department works with the Ministry of Land, Infrastructure and Transport and local governments to select candidate sites for new cities and determine development sites among them. You can literally get related information early. Compensation work is a structure that most employees know immediately after a new city is designated. That’s why LH employees say, “out of 10,000 people, it is upset that some departments that have access to information on candidate sites for new cities are imposed on some, and they are also in high ranks, but they are swearing by shame.
Whenever an employee in charge of a new city business unit or a compensation business accesses a PC to view related information, a log of access is left. To prevent data leakage, the relevant information is printed out as an encrypted modifier. Employees in charge of business related to the new city also make a confidentiality pledge not to disclose information.
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Insufficient safety devices to prevent gasping… Controversy over’Gap Jil’
However, this is the only safety device that prevents speculation using internal information from employees. Information can be easily removed by simply taking a picture of a PC screen with a smartphone. In fact, in 2018, an incident occurred in which the development drawings of the Wonheung district in Goheung were leaked, and a smartphone was also mobilized at that time.
The LH staff sent the development plan related to the Wonheung district by messenger to the LH military advisory committee, and the military officials took pictures of the drawings and the data were leaked. The leaked drawings were even published on the Internet. However, at the time, the discipline received by the relevant staff was at the level of’warning’.
Although there is a clause in the LH regulation’prohibition of the use of undisclosed development information’, no employee has been caught or punished based on this clause in the past 10 years. The punishment regulation is just’self-discipline based on internal regulations’. On the contrary, public finance companies are prosecuted to the prosecution if this is discovered.
LH builds a housing site to build a house, selects a contractor, builds and sells apartments, and manages tenants for rental apartments. All tasks are the role of so-called’A’. LH is looking at the question of whether construction companies will be penalized for receiving construction orders and payments, and renting apartment residents will not be able to provide defects or repairs or renew contracts. Because of this, there is no end to the’sad controversy’ surrounding LH.
You can easily find petitions related to’LH GapJil’ on the Blue House National Petition bulletin board. In September of last year, a small and medium-sized business in Daegu said, “(LH employee) threatened and… ”And so on.
In 2018, an LH deputy general manager in charge of supervising the construction site of an apartment in Busan left a high-pressure text message to a field employee of a subcontractor who is 20 years of age or older, such as “If you are late, see the terms of the contract”. It was controversial.
In the same month, an LH executive-level employee told a representative of a tenant at a rental apartment in Daegu, “It’s XX that I can’t live.” “This XXX, while living in national rental. It became a problem when he said that he was talking to the owner (LH employee) while living in the national lease. The only punishment for LH employees, which was a problem at the time, was a one-month cut. Hwang Yong-sik, a professor of business administration at Sejong University, said, “LH’s’corruption insensitivity’ organizational culture that closes the eyes for quite a bit of corruption has raised the problem.”
Reporter Choi Hyun-joo [email protected]