People's Solidarity for Participatory Democracy "Temporary Measures for Jeonse and Monthly Rent Supply... Concerns Over Reduction of Rental Housing for Vulnerable Groups"

[Image source=Yonhap News]

[Asia Economy Reporter Song Seung-yoon] On the 19th, the People's Solidarity for Participatory Democracy harshly criticized the government's announced jeonse and wolse (monthly rent) measures as "repeated patchwork supply measures."

In a statement released that day, the People's Solidarity for Participatory Democracy pointed out the government's plan to utilize vacant public rental housing, one of the jeonse and wolse supply measures, saying, "It plans to recruit tenants regardless of income and asset criteria at the end of December without any measures to resolve vacancies," and added, "It is difficult to consider this a new housing supply measure, and there is a significant concern that it will reduce the stock of permanent and national rental housing that vulnerable groups should occupy."

Regarding public jeonse housing, they also said, "It is merely a plan to supply monthly rent-type rental housing, which was included in previous supply measures, as jeonse," and "It is difficult to dispel controversies over high rents and business operator privileges arising from the existing News Stay (publicly supported private rental) housing in the case of purchase agreement-type housing, where the public sector purchases and supplies housing built by the private sector," they evaluated.

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