LH and Gangjin-gun, Jeonnam Sign Agreement for Happy Housing Construction Project

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Korea Land and Housing Corporation (LH) Gwangju Jeonnam Regional Headquarters announced on the 5th that it has signed the ‘Gangjin Hogye Happy Housing Construction Project Implementation Agreement,’ which includes the construction of 100 units of happy housing in Gangjin Hogye.

Happy housing is public rental housing supplied at rents lower than the surrounding market prices in areas with convenient public transportation and close proximity to workplaces, aimed at alleviating housing insecurity for young groups such as youth, newlyweds, and university students.

The ‘Gangjin Hogye Happy Housing Construction Project’ is a project to build 100 units of happy housing in Hogye-ri, Gundo-myeon, Gangjin-gun, to resolve housing issues for workers in the Gangjin Industrial Complex and support housing stability for young people.

The main schedule is to complete permits and approvals in the first half of this year, start construction in the first half of next year, and move in by 2025.

This agreement aims to define the roles and responsibilities between LH and Gangjin-gun for smooth project promotion. LH will handle the happy housing project planning, design and construction, permits and approvals, and supply and operation of happy housing, while Gangjin-gun will be responsible for purchasing the project site and supporting related permits and approvals.

The Gangjin Hogye happy housing project site was selected last year in the Ministry of Land, Infrastructure and Transport’s regional development project contest (customized support for regional demand). It is expected to contribute to improving the quality of life for local residents by establishing a residential platform that links jobs in the Gangjin Industrial Complex centered on happy housing and expands living SOC such as a complex cultural center.

Kim Jae-kyung, head of LH Gwangju Jeonnam Regional Headquarters, stated, “We will steadily promote the Gangjin Dongseong Village Maintenance-Type Public Housing Construction Project (150 units), which was successfully supplied last year, and the Gangjin Hogye Happy Housing Construction Project (100 units) to improve residential conditions in Gangjin-gun and continuously strive to attract young people and others.”

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