LH Holds Academic Seminar Commemorating 20th Anniversary of National Rental Housing

Review of Performance and Challenges of National Rental Housing, Discussion on Future Development Directions
Live Broadcast on December 12 at 2 PM on YouTube 'LH Hanguk Toji Jutaek Gongsa' Channel
"We Will Do Our Best to Grow Further as a Housing Welfare Specialist Institution Desired by the People"

[Asia Economy Reporter Kangwook Cho] LH announced on the 12th that it will hold an academic seminar commemorating the 20th anniversary of the National Rental Housing under the theme "The Footsteps and Future of Long-term Public Rental Housing for the Housing Stability of the Underprivileged" at the COEX Grand Ballroom in Samseong-dong, Seoul.

This seminar was prepared to commemorate the 20th anniversary of moving into National Rental Housing, to review the achievements of National Rental Housing policies with experts from various fields, and to explore future development plans for long-term public rental housing. Hosted by LH, the Korea Housing Welfare Forum, and the Korea Housing Service Society, and sponsored by the Ministry of Land, Infrastructure and Transport, the seminar will be held from 2 p.m. and will be broadcast live on the YouTube channel ‘LH Korea Land and Housing Corporation’.

The keynote speech will be delivered by Shin-young Park, Senior Research Fellow at the Korea Institute for Social Policy, under the theme "The Future of Long-term Public Rental Housing and Housing Welfare." In the thematic presentations, Kyung-chul Kim, Director of Housing Welfare Support at LH, Mi-yoon Jin, Research Fellow at the LH Land and Housing Institute, and Kyu-hyun Ji, President of the Korean Housing Association, will present on "Current Status of National Rental Housing Promotion," "Policy Significance and Challenges of National Rental Housing," and "Development Directions of Long-term Public Rental Housing," respectively.

Following this, an expert panel discussion chaired by Sung-kyu Ha, Executive Director of the Korea Housing Service Society, will take place. Panelists include Mina Kang, Senior Research Fellow at the Korea Research Institute for Human Settlements, Oh-jung Kwon, President of the Korean Housing Association, Jong-guk Seon, President of the Korea Housing Welfare Association, Ki-bong Lee, Director of Public Housing Policy at the Ministry of Land, Infrastructure and Transport, Yong-man Lee, Director of the Korea Housing Welfare Forum, and Yong-dong Jang, Secretary General of the Korea Housing Service Society.

National Rental Housing, introduced to serve as a "housing ladder" for the housing-vulnerable underprivileged, marked its 20th anniversary this year, starting with the move-in at Baeksul Village in Jeongja, Suwon in August 2001.

As of 2019, long-term public rental housing owned by LH and local governments totals 1.66 million units, of which National Rental Housing accounts for 540,000 units (32%), making it the largest portion of the long-term public rental housing stock and establishing itself as a representative policy of Korea's housing welfare.

Among these, LH-owned National Rental Housing comprises a total of 510,000 units (as of 2019), accounting for about 94% of the entire National Rental Housing stock. LH plans to continue to strengthen national housing welfare by expanding the supply of rental housing.

Hyun-joon Kim, President of LH, said, "Through this seminar, I hope that many experts and citizens will communicate and that a vision for the future of housing welfare, where all citizens can live happily, will be derived." He added, "Based on the various opinions presented today, LH will do its best to develop into a specialized housing welfare institution that provides the housing services desired by the people."

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