
A specialized apartment management company that operates approximately 1,500 apartment complexes.
AI-generated summary
Four companies specializing in apartment management combined their field experience and expertise to establish a single company called KES. It has become Korea's largest management company, operating over 1,500 apartment complexes nationwide.
The largest management company in Korea, responsible for approximately 1,500 apartments, has been launched.
KES announced on the 4th that it held an official launch ceremony at its headquarters in Seocho-gu, Seoul on the 3rd with Genesis PE CEO Lee Yu-jae, KES CEO Seo Il-seop, and executives and employees in attendance.
KES is a company created by combining the field experience and expertise of four companies specializing in apartment management (Gwangin Total Management, Daewon Estate Service, Jeil Estate Service, and Blue Housing Management).
These four companies came together to become Korea's largest management company, operating over 1,500 complexes across the country.
On this day, KES presented the mission of ‘taking responsibility for the 40 years of living rather than the 3 years of building’ and plans to establish management standards that residents can trust and entrust.
CEO Seo Il-seop said, "Apartment management is about taking care of the living environment where many people start and end their day. We will connect the experience and expertise accumulated by each company into a single standard, and strengthen training and support so that field employees can put that standard into practice."

Ulju-gun, Ulsan, cautioned against false and exaggerated advertisements regarding publicity centers for new private rental housing projects in Cheongnyang-eup, Ungchon-myeon, and Sangbuk-myeon. Members or union members are being recruited without completing administrative procedures such as resident recruitment reporting or business plan approval, and legal protection against return of investment may be difficult.

Korea Land and Housing Corporation (LH) announced that it plans to order more than 3,000 modular homes per year, or a total of 18,000 homes, from next year to 2030, mainly in the 3rd new city in the metropolitan area. Through a meeting with six modular manufacturers, we discussed ways to stimulate private investment, such as introducing a volume-unit price linkage system and improving existing payment methods.

At the public hearing on the government's tax reform plan held by the National Assembly's Finance and Economic Planning Committee, experts gave mixed evaluations regarding the transition to a real estate tax system centered on actual residence.

Seoul Mayor Oh Se-hoon criticized President Lee's remarks in preparation for a plunge in housing prices, pointed out the 90th consecutive week of rising apartment prices in Seoul and a sharp rise in monthly rent prices, and called for a renewal of the housing policy staff.

The Ministry of Land, Infrastructure and Transport passed a revision to the Enforcement Decree of the Building Act and relaxed the area limit for multi-family and multi-family housing from 660㎡ to 1,000㎡ and the number of floors for multi-family housing from 3 to 4 floors. It will take effect from the 12th, and is expected to promote the supply of general housing by increasing land utilization in the city center.

An investigation is underway as it has been raised the possibility that some residents' personal information, such as names and RF card numbers, may have been leaked due to abnormal external access to GS Engineering & Construction's apartment community facility reservation management system.