Gangneung City Breaks Ground on 'Integrated Public Rental Housing' to Ensure Housing Stability for Young People and Newlyweds

Groundbreaking Ceremony for Integrated Public Rental Housing to Be Held on March 20

Gangneung City in Gangwon Province will hold a groundbreaking ceremony at 2 p.m. on March 20 to officially announce the launch of its integrated public rental housing construction project (Gangwon-type public housing), which aims to ensure housing stability for young people, newlyweds, and other newcomers to society.

Perspective view of Integrated Public Rental Housing. Provided by Gangneung City

Approximately 100 people, including Hong-kyu Kim, Mayor of Gangneung; Jin-tae Kim, Governor of Gangwon Special Self-Governing Province; and Ik-soon Choi, Chairman of the Gangneung City Council, are expected to attend the ceremony to celebrate the start of the project.

The Gangneung Integrated Public Rental Housing (Gangwon-type public housing) is being developed to promote housing stability for young residents in the area. It will be built on the site at 498 Ipam-dong, where the Daemok Geumgang Apartment complex, previously classified as a disaster-prone E-grade facility, was demolished.

This project, which has been underway since 2023, will require a total investment of 26.7 billion won. The building will have a total floor area of 6,815 square meters, consisting of one basement floor and ten above-ground floors, and will accommodate 80 households. The project is scheduled for completion in December 2027 and is designed to be suitable for young people, newlyweds, and other newcomers to society. It is expected to provide a solid foundation for them to take their first steps in society and establish roots in the local community.

Hong-kyu Kim, Mayor of Gangneung, stated, "We will do our utmost to ensure that the integrated public rental housing provides tangible support for housing stability among the region’s youth, prevents the outflow of young people, and alleviates concerns about housing while they establish themselves in the area."

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