Housing Problems among Young Households in Korea
Thursday, February 28, 2019 - 12:00pm to Thursday, February 28, 2019 - 1:30pm
Housing Problems among Young Households in Korea
Young households usually encountered housing challenges due to their lower affordability in the housing market. Most problems decline as households age and their financial situation improves. However, in Korea, the problems are becoming more serious than before due to following factors: less inheritance from parent generation, increasing proportion of temporary jobs, low fertility rate and the unique rent-payment system (Chonsei). In this seminar, Dr. Jun-Hyung Kim explains these factors in detail and introduces the various measures which Korean Government has applied to address them. He also shows some results of empirical analysis on the seriousness of problems and the limitation of measures.
About the speaker:
Dr. Jun-Hyung Kim is an associate professor at Department of Real Estate, Myongji University in Seoul, Korea. He is also a PSU visiting scholar for 2019. He has taught courses on urban planning, location theory, land and housing policy and research methodology in Korea. He recently finished research projects of the rent schemes of public housing of Seoul Metropolitan Government, housing policies for young households in Seoul, and spill-over effects of public housing and student housing in Seoul. His recent research interests are affordable housing policy, the design and evaluation of real estate policy and restructuring of real estate industry. He surely help your understanding about the urban planning and housing issues in Korea.