Abstract

This study aims to examine the distributive principal agents and the subjects of the Korean public housing lease policy in the context of foreign social housing. Social housing is the most representative policy within the field of housing welfare policy. Various areas such as social housing, housing expenditure support, and housing reform support are included in the housing welfare policy, and the Korean social housing policy has much room for improvement. Social housing policy is more widely known as public rental housing in Korea. The public rental housing policy was brought forward by the central government, and is led by the administration. The change in the role of the social housing distributer will accelerate in the near future through the participation and competition of various agents. Creating a competitive composition through injecting private agents will prove helpful in uplifting the effectiveness of the social housing business. Social housing was initially born to tackle the issues of those who fail to own an appropriate level of housing in the market due to the cost of housing. The Korean social housing, thus public rental housing was distributed in various forms depending on the government's goal However, the choice of subjects of residency in this form of housing changes depending on various factors such as the country's finance, distribution supply, and expected rent. Many developed countries have only reflected the cost of construction in settling the rent fees, and have excluded the cost of maintenance. Korea is of the same case. Social housing policies must evolve in order to effectively react to these issues.

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