LH to Build 'Creative Residency Happy Housing' for Young Cultural Artists in Gwangju

On the 22nd, LH signed the 'Creative Residency Happy Housing Project Promotion Agreement' with Gwangju City and the Gwangju Information & Culture Industry Promotion Agency at Gwangju City Hall. At the signing ceremony, Byun Chang-hoom, President of LH, Lee Yong-seop, Mayor of Gwangju, and Tak Yong-seok, Director of the Gwangju Information & Culture Industry Promotion Agency (from left), are taking a commemorative photo.

[Asia Economy Reporter Lee Chun-hee] Korea Land and Housing Corporation (LH) announced on the 24th that it signed the 'Creative Residency Happy Housing Project Promotion Agreement' with Gwangju City and the Gwangju Information and Culture Industry Promotion Agency at Gwangju City Hall on the 22nd.

Creative Residency Happy Housing is a housing type that combines residential and creative spaces to allow young people working in the cultural content industry to focus on creative activities in a stable living environment. Since more than 60% of the approximately 1,840 cultural industry workers in Gwangju are young people, LH plans to supply Creative Residency Happy Housing at about 72% of the surrounding market price to alleviate the housing burden on young people and contribute to the growth of cultural content companies.

According to the agreement, LH will build and supply Happy Housing on idle public land provided by Gwangju City, and the Gwangju Information and Culture Industry Promotion Agency will recruit tenants from related industry workers and operate the facilities.

Currently, the site of the Youth Art Support Center in Sadong, Nam-gu, is being considered as the first project site. LH, Gwangju City, and the Gwangju Information and Culture Industry Promotion Agency have agreed to participate in the Ministry of Land, Infrastructure and Transport's 'Job-Linked Support Housing' contest using the site.

Byun Chang-hoom, President of LH, said, "Providing a complex space where cultural content industry workers can live comfortably and engage in creative activities together will help sustainable industrial development," adding, "LH will continue to closely cooperate with local governments to discover beneficial projects."

This content was produced with the assistance of AI translation services.