Korea National Oil Corporation to Promote Housing Support for Unhoused Young Workers in Ulsan Area

Ulsan City and Korea Land & Housing Corporation Sign Business Agreement

Korea National Oil Corporation signed a business agreement on the 29th with Ulsan City and the Busan-Ulsan Regional Headquarters of Korea Land and Housing Corporation to promote the regional youth shared housing support project.

Ulsan City Director of Urban Affairs Choi Pyunghwan (left), Korea National Oil Corporation General Affairs Director Shin Seunghoon (center), and Korea Land & Housing Corporation Housing Welfare Business Director Kim Yongwoon are holding a business agreement ceremony for the Regional Youth Shared Housing Support Project.

The ‘Regional Youth Shared Housing Support Project’ is a program that provides free shared housing of Korea National Oil Corporation employee residences located in Songjeong and Maegok districts, Buk-gu, Ulsan, to homeless youth aged 19 to 39 who are employed in Ulsan.

Through this agreement, Korea National Oil Corporation will lease and provide 34 employee residences for sharing with local youth from Korea Land and Housing Corporation, and Ulsan City will recruit and select tenants for the shared housing.

From December 1 to 15, applicants for the regional youth shared housing will be recruited through the Ulsan City website. Selected youth, after qualification screening including age and income, can use the shared housing for 2 years (up to 4 years).

A Korea National Oil Corporation official said, “We hope this Ulsan regional youth shared housing support project will provide practical help to local youth,” and added, “We will continue to strive to coexist with the local community by promoting various social contribution activities.”

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