Housing policy in the Republic of Korea

Arbeitspapier

This paper evaluates housing policy in the Republic of Korea over the past several decades, describes new challenges arising from the changing environment, and draws lessons for other countries. The most important goals of the housing policy have been to alleviate housing shortages and to stabilize housing prices. To achieve these goals, the government has been engaging the private sector while establishing public sector institutions and legal framework, providing developable land, and allocating housing units to intended target groups. Thanks to the sustained and massive provision of new housing since the 1980s, the country's absolute housing shortage has been resolved, and overall housing conditions have improved substantially. Since the turn of the new millennium, enhancing the housing welfare of low-income households and the underprivileged has been added to housing policy goals. The supply of public rental housing was increased, and a housing benefit was introduced to address the new policy goal, but more work needs to be done. Today, the Republic of Korea also faces new housing challenges regarding the country's demographic and socioeconomic changes.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ADBI Working Paper ; No. 570

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Government Policy ; Housing Supply and Markets ; Production Analysis and Firm Location: Government Policy ; Regional Government Analysis: Land Use and Other Regulations
• Thema: Korean housing policy ; housing-macroeconomy nexus ; rental housing market structural change

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kim, Kyung-Hwan ; Park, Miseon
• Ereignis: Veröffentlichung
• (wer): Asian Development Bank Institute (ADBI)
• (wo): Tokyo
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/161446
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ