Abstract
In Seoul, a metropolitan city, affordable housing is a major issue. Since 2012, social housing has been implemented as a means to solve housing shortages in the South Korean capital. Various policies in different times have been applied, and Seoul came up with a unique form of social housing: providing housing to those in need. The purpose of this paper is to review the development of social housing in Seoul and to discuss policy implications. First, this paper defines the concept of social housing in Seoul by comparing that of social housing in Western countries. The major differences in the concept of social housing between Seoul and Western countries lies in the provider of social housing. The providers of social housing in Seoul are social economy actors, including non-private organizations and cooperative unions that work as agencies to pursue the public interest. In addition, this paper presents an overview of the historical development and specific features of social housing. Finally, a discussion is presented on the implications for social housings, including the need for the allocation of social housing throughout the city, the extended length of residence, and reliable financial support to social housing providers.
Highlights
One of the most basic human needs is to attain a safe and comfortable place to shelter where one can live, rest, and flourish
Based on the Price-to-Income Ratio (PIR) in 2020, the number of years it takes to buy a house spending the entire income, people in Seoul Metropolitan City needed a sum of money equal to 24.58 years of income to buy an apartment unit in Seoul [1]
This paper focuses mainly on Seoul social housing, it is worth reviewing the bigger picture of public social housing in South Korea
Summary
One of the most basic human needs is to attain a safe and comfortable place to shelter where one can live, rest, and flourish. Under the public housing umbrella, social housing in Seoul Metropolitan City intends to provide decent housing properties to people with just needs and rights at less than the current market price and for a more secure rental period. The average rate of social housing based on the OECD data is 7.9% According to this data, the proportion of social housing in South Korea is lower than that of other European countries and the OECD mean [4]. The proportion of social housing in South Korea is lower than that of other European countries and the OECD mean [4] To expand this viewpoint, it might be the right time to take a closer look and reevaluate South Korea’s position regarding the social housing policy. The aims of this review paper are fourfold: (1) to review the definitions of social housing, (2) review the historical development of social housing, (3) investigate the current social housing situation in Seoul, and (4) discuss the future of sustainable social housing in Seoul
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