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A Study on the Operating Factors of Continuing Care Retirement Community(CCRC) in Korea

  • Korea Real Estate Review
  • 2022, 32(4), pp.21-32
  • DOI : 10.35136/krer.32.4.2
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate
  • Received : September 17, 2022
  • Accepted : December 16, 2022
  • Published : December 31, 2022

Kim, Se-Yul 1,  Jung， Yu Na 2,  Seon-Jong Yoo 2

1건국대학교 부동산학과
2건국대학교

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ABSTRACT

Korea is rapidly entering a super-aged society, creating housing issues for the elderly. Determining the necessity to understand the continuing care retirement community (CCRC), a model that enables the realization of the value of "aging in place" (AIP), was the starting point of this study. This study aims to identify the types of facilities that most closely resemble the “Korean style of CCRC” and to analyze the factors affecting its operation because there is currently no complete CCRC type in Korea. The subjects of this study were 31 senior welfare housing and 3 paid elderly care facilities among the residential welfare facilities for the elderly registered with the Ministry of Health and Welfare as of 2020. The “Korean style of CCRC” was defined as facilities with four or more of the independent living, assisted living, nursing home, daycare center, and community center . Subsequently, logistic regression analysis was conducted. The results indicated that the probability of operating as a "Korean-style CCRC" increases when the following factors are greater: land area, total number of households, efficiency rate, number of community facilities, number of workers, and monthly living expenses. Meanwhile, the number of years elapsed and the move-in price per 3.3㎡ were analyzed to have no effect. This study is expected to identify the current status of residential welfare facilities for the elderly and suggest implications for potential consumers who wish to move into CCRCs in order to facilitate their facility selection.

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