Park Young-sun, "Expansion of Special Public Housing Supply for Long-term Workers in Small and Medium Enterprises"

Expansion of Special Public Housing Supply up to 5% for Workers Employed Over 5 Years in SMEs or Over 3 Years in the Same Company

[Asia Economy Reporter Oh Ju-yeon] Park Young-sun, the Democratic Party of Korea's candidate for Seoul mayor, announced on the 29th that she will take the lead in allocating 5% of Seoul's public housing units to long-term employees of small and medium-sized enterprises (SMEs) to help them realize their dream of owning a home.

On the 29th, Park announced the 'Seoul Declaration 5' containing this plan during a focused campaign rally at the Gireum Station intersection in Seongbuk-gu, Seoul. According to the declaration, 5% of public housing units will be allocated to workers who have been employed for more than 5 years at SMEs or more than 3 years at the same company. Currently, about 2% of the units are allocated under the institution recommendation type within special supply for long-term SME employees. Park plans to expand this to 5% by creating a separate category to provide stable housing supply for long-term SME employees.

Park Young-sun, the Democratic Party of Korea's candidate for Seoul mayor, is holding a concentrated campaign rally in Seongbuk-gu near Gireum Station in Seoul on the 29th. Photo by National Assembly Press Photographers Group

The housing policy specifically targeting SME workers can be understood as a measure to secure excellent talent for SMEs.

Park said, "SMEs are the core players in Korea's economic growth, accounting for 83% of jobs, and one-quarter of SME workers are in Seoul," adding, "Housing stability for SME workers is the most urgent issue for Seoul."

She continued, "Expanding housing supply for SME workers will also contribute to creating an environment where talented individuals can work long-term at SMEs," and said, "If I become mayor, I will take the lead in allocating 5% of Seoul's public housing units to long-term SME employees to help them realize their dream of owning a home."

Park expressed her expectation, saying, "This will attract talented individuals to Seoul, help SMEs grow, and create an environment for new job creation."

She emphasized, "Expanding housing supply for SME workers, along with previously announced policies such as adjusting the official land price increase rate system and disclosing SH Corporation's public housing sale costs, will be policies that give hope to young people," adding, "I will promote the 'Park Young-sun style' real estate policy so that no Seoul citizen is frustrated by real estate prices, but can honestly work, save, and own a home."

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