Lee Nak-yeon "Full Implementation of Youth Housing Benefit System"

On the 11th, Presentation of Plans at the 'Single-Person Household Housing Policy Forum' Hosted by Mindalpaengi Union
Proposal to Establish 'Right to Housing' in the Constitution... Suggestion to Raise Minimum Housing Standards

[Asia Economy Reporter Oh Ju-yeon] Lee Nak-yeon, former leader of the Democratic Party of Korea, announced that starting next year, the 'Youth Housing Benefit System' will be fully implemented for single-person youth households.

On the 11th, during the keynote speech at the 'Youth Single-Person Household Housing Policy Discussion' co-hosted with the Mindalpaengi Union, Lee said, "Currently, housing benefits are only provided to those with a monthly income of 820,000 KRW or less, but we will expand the eligibility to include youths earning the minimum wage level and adjust the benefit amount to reflect rental prices."

The Mindalpaengi Union is a non-profit private organization working to improve youth housing issues as housing problems have emerged as socio-economic inequality issues.

Lee also stated, "There are currently deposit and monthly rent loan systems for youths, but most are for jeonse loans, and monthly rent support is very limited," adding, "If the government subsidizes part of the rent, it can provide equal social starting opportunities to youth households who find it difficult to receive family support regardless of where they live nationwide." He continued, "We must impose appropriate taxes on multi-homeowners to curb speculation and guarantee housing rights so that youths do not suffer due to monthly rent," emphasizing, "This is essential for sustainable growth."

Additionally, Lee announced plans to establish a 'right to housing' in the Constitution. He said, "Currently, Article 35, Clause 3 of the Constitution states that 'The State shall endeavor to enable all citizens to enjoy comfortable housing through housing development policies,' but by amending the Constitution, we will explicitly state that 'All citizens have the right to comfortable and stable housing,' thereby strengthening the State's responsibility."

Lee stressed, "The minimum housing area of 4.2 pyeong (14㎡) for single-person households in our country is smaller than Japan's 7.5 pyeong (25㎡), known as rabbit houses, and the UK's 11 pyeong (39㎡). We will raise the minimum housing standards and establish appropriate housing standards at the level of advanced countries to dramatically improve housing quality."

Other measures proposed include △ expanding the supply of housing exclusively for single-person households △ implementing housing upgrade support projects for youths living in 'Jihok-go' (basements, rooftop rooms, and goshiwon) △ utilizing multi-homeowners' comprehensive real estate tax payments as housing welfare funds to support homeless youths and single-person households △ creating safe housing environments where individuals can live alone without fear of crime, illness, or loneliness, among various housing policies for youth single-person households.

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