@article{ART001820776},
author={Heo, Kang Moo},
title={Park Geun-Hye Administration's Housing Policy Task},
journal={Public Land Law Review},
issn={1226-251X},
year={2013},
volume={63},
pages={91-117}
TY - JOUR
AU - Heo, Kang Moo
TI - Park Geun-Hye Administration's Housing Policy Task
JO - Public Land Law Review
PY - 2013
VL - 63
IS - null
PB - Korean Public Land Law Association
SP - 91
EP - 117
SN - 1226-251X
AB - During the period of its high-level of condensed economic growth, Korea's housing policy made the increase in quantitative supply its first priority task to resolve the issue of lack of housing caused by drastic social movements by the population. However, today, it is facing a point where it must adjust its policy goals to set measures in qualitatively promoting housing stability that is in step with changes in social and economic conditions such as the slow-growing economic structure and population and the form of living arrangements.
The Park Geun-Hye administration was inaugurated during this transitional period for Korea's housing policy. This year, the government established and announced the April 1st measure and August 28th measure. However, after the global financial crisis, the housing market has been facing a long-term slump in the sales of houses and the increase in jeonse prices have become an added burden to the insecure housing situation for the common people. Also, the revitalization of real estate transaction is difficult to realize due to the household debt amount which exceeds 1100 quadrillion won.
Currently, the government is faced with various issues relating to housing policy such as the revitalization of real estate transaction. Among such issues, the most serious housing policy related issue is that changes to the basis of the housing policy which correspond to the environmental changes have not been sufficiently made despite of the fact that societal changes are already taking place in Korea. In the future, the government should completely re-evaluate the preferential policy of ownership of one housing per one household and make housing stability its top priority goal in housing policy.
The purpose of this study is to evaluate the April 1st measure and August 28th measure provided by the Park Geun-Hye administration and provide a policy proposal regarding its task of establishing housing policies in the future. This study is comprises of four chapters. In chapter 2, we considers the structural changes to the housing market environment. In chapter 3, we diagnose the current status of the Park Geun-Hye administration's housing policy and legislative momentum. In chapter 4, we highlight certain tasks that the Park Geun-Hye administration should consider in the future to reasonably improve its housing policies.
KW - Housing Market;Housing Policy;Housing Subsidies;Rental Housing;Housing Stability
DO -
UR -
ER -
Heo, Kang Moo. (2013). Park Geun-Hye Administration's Housing Policy Task. Public Land Law Review, 63, 91-117.
Heo, Kang Moo. 2013, "Park Geun-Hye Administration's Housing Policy Task", Public Land Law Review, vol.63, pp.91-117.
Heo, Kang Moo "Park Geun-Hye Administration's Housing Policy Task" Public Land Law Review 63 pp.91-117 (2013) : 91.
Heo, Kang Moo. Park Geun-Hye Administration's Housing Policy Task. 2013; 63 91-117.
Heo, Kang Moo. "Park Geun-Hye Administration's Housing Policy Task" Public Land Law Review 63(2013) : 91-117.
Heo, Kang Moo. Park Geun-Hye Administration's Housing Policy Task. Public Land Law Review, 63, 91-117.
Heo, Kang Moo. Park Geun-Hye Administration's Housing Policy Task. Public Land Law Review. 2013; 63 91-117.
Heo, Kang Moo. Park Geun-Hye Administration's Housing Policy Task. 2013; 63 91-117.
Heo, Kang Moo. "Park Geun-Hye Administration's Housing Policy Task" Public Land Law Review 63(2013) : 91-117.
