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Homeownership Discourse in 1990s Korean Women’s Magazines and the Formation of the Woman Financial Subject - Focusing on the magazine Woman Sense

  • Journal of Popular Narrative
  • 2025, 31(2), pp.119~166
  • Publisher : The Association of Popular Narrative
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : May 14, 2025
  • Accepted : June 16, 2025
  • Published : June 30, 2025

CHOI SIHYUN 1

1연세대학교

Accredited

ABSTRACT

This study examines how women financial subjects were narratively constructed during the early stage of housing financialization in South Korea by analyzing personal essays and case articles on “homeownership” published in Korean women’s magazines in the 1990s. These magazines functioned not merely as sources of financial information but as everyday cultural devices that taught readers financial ethics and gendered practices. In this process, women’s desire for homeownership was legitimized through its close alignment with the moral duties of housewives, while the structural causes of housing insecurity were obscured and individualized through narratives of “bad landlords and suffering tenants.” The practice of purchasing housing through thrift and mortgage borrowing was framed as a moral obligation of women responsible for family well-being, through which readers gradually internalized financial responsibility and gendered self-discipline. Amid the expansion of housing supply and financial liberalization during the 1990s, women actively entered the financialization process through housing purchases, resulting in a transformation in which the private domain of the family became institutionally and culturally integrated into financial markets. This shift illustrates the concrete dynamics of women's incorporation into financial markets at the level of everyday life and household economy—a process characterized by the feminization of finance. Such practices suggest that symbolic and everyday financialization had already been internalized prior to the institutionalization of state-led housing financialization that formally began with the establishment of the Korea Housing Finance Corporation(KHFC) in 2004. By analyzing these narrative constructions, this study reveals the gendered trajectories of housing financialization and the formation of female financial subjects in South Korea.

Citation status

* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.