Jinju City 'Supports 2 Million KRW Construction Cost for Installing Parking Lot at Home'

Relieving Parking Difficulties in Residential Areas of Downtown Jinju City: My Home Parking Lot (Photo by Jinju City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam Province, conducts the ‘Having a Parking Lot at My House Project’ every year to solve parking problems in urban residential areas.

The ‘Having a Parking Lot at My House Project’ supports citizens by subsidizing part of the construction costs for installing a parking lot by demolishing or renovating the existing gate or fence of their house. If a parking space is installed in an urban residential area, a subsidy of up to 2 million KRW can be received.

The eligible buildings for the project are residential buildings located in the Dong area and some urban areas of Munsan-eup and Geumsan-myeon.

In the case of complex buildings, applications are possible if the total area is 660㎡ or less and the portion used as a residence is 50% or more. Buildings with illegal use changes are excluded.

Up to 90% of the construction costs for installing the parking lot are supported, with a limit of 2 million KRW for one parking space per household and 3 million KRW for two or more spaces per household.

Those who wish to receive support must apply to the Traffic Administration Division of Jinju City before the project begins.

If the project is carried out without application, subsidies will not be provided, so it is essential to report before starting construction.

Once the subsidy is received, the parking lot must be used exclusively for parking purposes for five years from the year following the completion of installation. If the use is changed or the purpose violated, the subsidy will be reclaimed, so caution is required.

A city official said, “Simply creating a parking lot at home by removing fences or gates can help alleviate urban parking problems to some extent, so we hope for much interest and participation in the Having a Parking Lot at My House Project.”

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