Iksan City Promotes Supply and Demand Policy for Rental Housing for Youth and Newlyweds

Population of 280,000 as the Threshold, High-Intensity Measures to Be Implemented

[Asia Economy Honam Reporting Headquarters Reporter Kim Tae-in] Iksan City, Jeonbuk Province, has decided to systematically manage the supply and demand of rental housing targeting young adults and newlyweds as part of its population increase policy.

On the 31st, Mayor Jeong Heon-yul of Iksan said at an executive meeting, “Apartments being built in Sorasang Park and rental housing expected to be supplied within a few years are in a predictable situation,” adding, “We hope to comprehensively grasp the rental housing within the jurisdiction, establish a systematic supply and demand plan, and reflect special supply for young adults and newlyweds in the sales announcement.”

At the same meeting, Mayor Jeong emphasized, “The population floor line of Iksan City is 280,000,” and said, “It is time to once again show the strength that maintained a population of 300,000 at the end of 2017,” instructing, “We must establish a high-intensity grand plan that pours all our capabilities.”

Mayor Jeong also said, “To revitalize the local alleyway economy, we must actively utilize the Iksan Dairo-um Payback event,” and added, “We hope many citizens participate in the Dairo-um surprise event held for the Chuseok holiday, to support small business owners and the alleyway economy struggling due to the prolonged COVID-19 pandemic.”

The city will implement a payback event for Chuseok, returning 10% in points on amounts spent from October 1st to October 4th, up to a total limit of 500,000 KRW.

Additionally, to promote regional economic consumption among users who purchase but do not use ‘Dairo-um,’ starting next month, if the balance exceeds 3 million KRW, the 10% additional accumulation incentive purchase benefit will be restricted. In this case, users must use the balance before purchasing ‘Iksan Dairo-um’ again.

Furthermore, Mayor Jeong stated, “There have been confirmed cases of public officials infected in some areas, and infection among public officials is a more serious issue than individual infections,” urging, “Employees must strictly adhere to quarantine rules such as refraining from visiting other regions and contact with outsiders.”

He added, “We must also make every effort to remove illegal banners before Chuseok to improve the city’s appearance.”

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