Jinju City Expands Support for Management Fees of Aging Apartment Complexes

Support Funds and Project Targets Expanded, Applications Accepted from Mid-January

Jinju City Hall Exterior (Photo by Jinju City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam announced on the 6th that it has secured 700 million KRW in city funds necessary for the maintenance and repair of common areas in apartment complexes and will promote the ‘Apartment Complex Management Support Project’ to partially support the costs required for managing apartment complexes with 20 or more households in the jurisdiction.

The Apartment Complex Management Support Project has supported a budget of 5.6 billion KRW for 394 apartment complexes since 2010, creating a more pleasant and safe apartment environment through residential environment improvements within apartment complexes and safety measures for hazardous facilities.

The support targets apartment complexes with 20 or more households, excluding rental housing under the Housing Act, and that have passed the usage inspection more than 10 years ago. The support covers costs for maintenance and repair of security lights, water and sewage facilities, roads, parking lots, and auxiliary welfare facilities within the complex, as well as rooftop waterproofing work and crack repairs of major structural parts.

Support will also be expanded to include the installation of rest areas to improve the working conditions of employees such as security guards and cleaners.

The support standard covers up to 50% of the total project cost, with the remaining costs borne by the apartment complex itself.

The support amount varies according to the size of the apartment complex, with a maximum support of up to 50 million KRW.

Through demand surveys and on-site investigations of applicant complexes, additional supplementary budgets will be secured to expand the project compared to last year, aiming to provide practical support.

Applications for support can be submitted from January 18 to January 27. Interested apartment complexes should prepare a project plan and apply to the relevant eup, myeon, or dong office.

The city plans to select and notify the target complexes in March after on-site investigations and review by the screening committee.

A city official stated, “So far, the Apartment Complex Management Support Project has received great responses from residents not only by creating a pleasant living environment in aging apartment complexes but also by fostering a cooperative residential culture. This year, since both the support amount and the scope of target projects have been expanded, we ask for active participation in applying for the support project.”

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