Aiming to Alleviate Housing Shortages for Young People, Newlyweds, and Others

Kim Kiho, a preliminary candidate for Boryeong Mayor from the People Power Party, announced on April 2 a "Boryeong-style 1,000-won rental housing" pledge, promising to provide rental housing at a daily rent of 1,000 won for young people, newlyweds, and single-parent families.


Candidate Kim held a press conference at his election office on this day, stating, "As my first key livelihood pledge, I will secure a site for the Boryeong-style 1,000-won rental housing within six months of taking office, supply 300 units within the first year as a priority, and complete the supply of a total of 1,000 units within three years."


He went on to say, "The total project cost for the Boryeong-style 1,000-won rental housing is expected to be 200 billion won. By utilizing idle public land and existing public housing, we can achieve this supply target during the term."


Regarding funding, Candidate Kim stated, "We will establish a sustainable operation model through public finances and public-private partnerships," and added, "This will not be a short-term supply project, but will be developed into a scalable housing welfare policy in the future."



Meanwhile, Candidate Kim Kiho plans to sequentially announce additional policies directly related to the lives of citizens, starting with this first key livelihood pledge.

'1,000 Won a Day' Kim Kiho Pledges to Supply 1,000 Boryeong Rental Housing Units View original image


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing