Housing Costs of Young College Graduate Renters in Capital Region Reflected in the 2012 Korea Housing Survey

Abstract

In Korea job markets and household finances have been negatively impacted by economic recessions over last several years. It is now more diffi cult for young college graduates to fi nd stable jobs and have suffi cient incomes to afford anindependent living. Such a situation resulted in social problems to make young adults hesitate to move out from their parents and form independent households; and expect for more parental supports for a longer period of time. In many housing research studies in Korea, college students have been popular research subjects because they are fine representatives of young adults who were considered influential prospective consumers in housing markets. Many research studies have explored college students’ housing values, preferences and/or expectations on future housing to gather information for future housing Housing Costs of Young College Graduate Renters in Capital Region Refl ected in the 2012 Korea Housing Survey Hyun-Jeong Lee* Chungbuk National University, Cheongju, Korea International Journal of Human Ecology Vol.15, No.2, December 2014: 93-104 http://dx.doi.org/10.6115/ijhe.2014.15.2.93 Original Article ISSN 1598-9593