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South Korea Tightens Regulations on Public Housing Tenancy for Owners of Luxury Cars

South Korea Tightens Regulations on Public Housing Tenancy for Owners of Luxury Cars

SEJONG, Jan. 8 (Korea Bizwire) – The South Korean government has revised its regulations to prevent individuals who own high-value cars, such as those from Ferrari and Mercedes-Benz, from residing in public rental housing. This move aims to curb the trend of so-called ‘fake low-income’ individuals occupying housing meant for those in genuine need. According [...]

Gov’t Moves to Convert Commercial Real Estate into Public Housing

Gov’t Moves to Convert Commercial Real Estate into Public Housing

SEOUL, May 7 (Korea Bizwire) — A plan will be implemented to renovate empty offices or shops in downtown Seoul and supply them to single-person households, including car-free youth. Announcing measures to supply housing in the metropolitan area Wednesday, the Ministry of Land, Infrastructure and Transport proposed a solution to renovate empty offices and shops [...]

LH Introduces Vertical Garden and Purification Plant Bench at Public Housing

LH Introduces Vertical Garden and Purification Plant Bench at Public Housing

SEOUL, Aug. 19 (Korea Bizwire) — Vertical gardens and a plant purification benches will be built at public housing complexes. The Korea Land and Housing Corp. (LH) said Sunday that it will introduce vertical gardens for public housing by applying an “automated irrigation system” that can automatically water plants according to the temperature. A vertical [...]

Gov’t Pushes Forward with High-rise Modular Construction Project

Gov’t Pushes Forward with High-rise Modular Construction Project

SEJONG, Jun. 24 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport announced it will invite local governments and public housing operators across the country to public housing sites needed for the “Property Project for Mid to High-Rise Modular Housing” by August 22. Modular housing refers to a method of building a unit structure [...]

Public Housing Complex Devises Simple Ways to Boost Residents’ Cognitive Health

Public Housing Complex Devises Simple Ways to Boost Residents’ Cognitive Health

SEOUL, Nov. 22 (Korea Bizwire) – Residents of a public housing apartment complex in Seoul’s Nowon District have seen their cognitive abilities improve thanks to a number of simple modifications and additions as part of the city’s “Cognitive Health Design” program. The metropolitan government surveyed 403 residents, 202 of them in their 40s and above, [...]

Moon Administration’s Urban Renewal-Centered “New Deal” Offered 57 Different Ways

Moon Administration’s Urban Renewal-Centered “New Deal” Offered 57 Different Ways

SEJONG, Sept. 14 (Korea Bizwire) – Glimpses of the future – 57 to be exact – were distributed by the Ministry of Land, Infrastructure and Transport to regional (metropolitan, provincial and special) governments on September 14. President Moon’s “New Deal”, a promise of urban renewal, was one of his core campaign proposals, and the 57 [...]