Gyeongnam Province Promotes Youth Shared Housing 'Geobuk-i Jip 2'

On the 23rd, Gimhae City and Gyeongnam Development Corporation Signed a Business Agreement

On the 23rd, Gyeongnam Province signed a business agreement with Gimhae City and Gyeongnam Development Corporation to expand the supply of youth shared housing at the Provincial Government Economic Vice Governor's Office. (Photo by Gyeongnam Province)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Gyeongnam Province announced on the 23rd that it signed a business agreement with Gimhae City, Gyeongnam Development Corporation, and Jungheung Construction Co., Ltd. to expand the supply of shared housing for youth.

The privately participated youth housing project, "Geobuki Jip 2-ho" (Turtle House No. 2), aims to alleviate the housing cost burden and improve the living environment for young people. It is a project to supply youth housing in the Gimhae area, where there is high demand from youth, in collaboration with private companies. This project supports the remodeling of privately owned old houses, and homeowners who receive support can rent their houses to young people such as university students, job seekers, and early career workers at half the surrounding market price for six years.

Through this agreement, Gyeongnam Province and Gimhae City will each provide 50 million won for the youth housing project expenses and will promote the establishment of project plans and the discovery of target sites.

Park Jong-won, Deputy Governor for Economic Affairs, said, "We expect that the supply of youth housing will proceed more smoothly as not only public institutions but also private companies participate in this youth housing project," adding, "The province will continue to expand customized housing welfare desired by youth and strive to create jobs that give hope."

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