Jeonnam Development Corporation Wins Minister of Land, Infrastructure and Transport Award for Outstanding Residential Welfare Activities

Recognition for Achievements of the 'Jeonnam-style 10,000 Won Housing' Project

Jeonnam Development Corporation received the Minister of Land, Infrastructure and Transport Award in the 'Excellent Cases of Residential Welfare Activities' contest. Jang Chungmo, president (4th from the right in the front row in the photo), is striking a commemorative pose. Provided by Jeonnam Development Corporation

Jeonnam Development Corporation (President Jang Chungmo) received the Grand Prize at the '11th Best Practices in Housing Welfare Activities Contest' and was awarded the Minister of Land, Infrastructure and Transport Award on the 27th. The award is hosted by the Korea Housing Welfare Forum and sponsored by the Ministry of Land, Infrastructure and Transport.

Jeonnam Development Corporation explained that this award recognizes the achievements of the innovative housing welfare policy, 'Jeonnam-style 10,000 Won Housing', which aims to ensure housing stability for young people and newlyweds.

The Jeonnam-style 10,000 Won Housing project is the nation's first innovative housing policy, jointly planned by Jeonnam Province and Jeonnam Development Corporation, to address population decline and the risk of local extinction by encouraging young people and newlyweds to settle in the region. This project supplies a total of 1,000 newly built rental housing units across 16 counties designated as population decline areas, offering residents the exceptional condition of a monthly rent of just 10,000 won.

In particular, for newlyweds, the program is designed as a marriage and childbirth-linked structure, allowing a maximum residency period of up to 10 years upon childbirth, which is expected to significantly contribute to addressing the low birthrate issue.

Jeonnam Development Corporation is also distinguishing itself as an outstanding housing welfare institution by discovering the Jeonnam-style exclusive housing model for foreign workers, opening the fourth Yeonghonam Happy Together House, and conducting housing environment improvements and capacity-building training for housing welfare practitioners for vulnerable groups within the province.

Jang Chungmo, President of Jeonnam Development Corporation, stated, "This award is the result of our consistent efforts to improve regional housing welfare," and added, "We will continue to develop various policies for young people, newlyweds, and vulnerable groups, and establish ourselves as a leading housing welfare institution in Jeollanam-do."

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