The role of state-developed housing and housing poverty in Korea

During the lost 40 years, the emphasis of the public sector Korea has been on the expansion of state-developed housing for sale rather than for rent, The government has introduced state-developed housing lot sale alongside policies to encourage home ownership with a concept of 'filtering' in mind. The economic crisis of 1997 brought about all even more significant change in the ideological as well as the economic environment of housing: market forces are now regarded as a greater importance than the role of the state. The purpose of this paper is to examine the role of state-developed housing and to explore low-income housing issues. From the point of view of efficiency and also from that of equity, it is highly desirable that the state-developed housing-for-sole programme should be switched to rental housing or cooperative housing. The enabling framework should be developed as a low-income housing policy paradigm in Korea, The government alone cannot be expected to provide the necessary solution, There is a compelling necessity lot the private sector, civil society and the government to work together, in close partnership, to conceive a more practical housing scheme.