In a cabinet meeting on Tuesday, President Yoon Suk-yeol stated that South Korea’s “construction industry cartel” needs to be abolished. Yoon cited them as the reason behind the shoddy construction practices revealed at apartment underground parking lots. He emphasized that the integrity of the construction process should be maintained, calling for a thorough investigation into construction companies, architects, the state-owned Korea Land and Housing Corporation (LH) and related public officials.

Yoon’s statement on dismantling the “construction industry cartel” signals a stern approach toward malpractice in the sector and raises a call for improved transparency and stricter regulations to safeguard the