Gyeongnam Province 'Attracting Young People' ... Supplying 230 Public Rental Housing Units

First Urban Regeneration Project Launched
Improving Old Houses, Attracting Young Residents

Aerial view of Miryang City.

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongnam Province plans to supply a total of 230 public rental housing units by 2025, including 100 units in Sammun-dong, Miryang City, 100 units in Samho-dong, Yangsan City, and 30 units in Donggwang Village, Hadong.

The Ministry of Land, Infrastructure and Transport is promoting active participation of public enterprises in urban regeneration New Deal projects by creating a new type of comprehensive project manager as part of Urban Regeneration Season 2.

Accordingly, 230 public rental housing units for urban regeneration projects involving Korea Land and Housing Corporation and Gyeongnam Development Corporation have been established in the province.

The province plans to complete various permits and approvals such as design this year and immediately start construction to finish by the end of 2025.

The purpose of supplying public rental housing through urban regeneration projects is to provide quality housing in old urban areas and supply living infrastructure facilities for residents' convenience, thereby promoting regional development through the influx of younger generations.

Additionally, to attract younger generations, public rental housing will be supplied targeting university students, young workers, and newlyweds, aiming to lay the foundation for regional development through the influx of youth population.

Heo Dongsik, Director of the Urban Transportation Bureau of the province, stated, “Regional decline often correlates with the aging of residents living there, so we will create many policies to enable young people to move into old urban areas.”

Meanwhile, the province plans to inject youthful energy into urban regeneration sites by establishing a youth urban regeneration training course and expanding youth internships.

Aerial view of Hadong-gun.

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