Lee Han-joon, the CEO of the Korea Land and Housing Corp., speaks at a press conference at the LH headquarters in Seoul on Friday. (Yonhap)
SEOUL: The CEO of the state-run Korea Land and Housing Corp (LH) offered to resign last Friday amid the growing controversy over its lax oversight and poor management of apartment complexes with missing critical structural components.
CEO Lee Han-joon said he was also belatedly informed the firm omitted five apartment complexes from its inspection report on compounds with underground parking lots built using a flat plate method.
During an emergency press conference held at the LH headquarters in Seoul, Lee said the firm’s executive directors have handed in letters of resignation to take responsibility for covering up the scale of faulty apartments built under the firm.
The LH executive directors, including Lee himself, are ready to resign and await the decision from the Ministry of Land, Infrastructure and Transport, he said.
“As we are officials of a public corporation, the opinion of the appointee (Ministry of Land) is more important than opinions of our own,” said Lee, who started his three-year term last November.
A total of 20 complexes were missing steel reinforcement out of the 102 examined, according to Lee, five more than the figure that was previously unveiled.
On July 31, LH said 15 of 91 apartment complexes built using flat-slab designs were lacking necessary steel reinforcements. The review was conducted as an apartment complex under construction in Geomdan New Town in Incheon using the flat slab design collapsed in April. It was found to have lacked the required amount of steel reinforcements in concrete slabs. LH was in charge of the construction.
The flat slab design is a way of constructing buildings using concrete columns to support concrete slabs without the use of steel beams. The design requires steel reinforcement in the concrete slabs, for safety, as the heavy pressure on the columns can cause them to break down. — The Korea Herald/ANN
