President Moon pledges to alleviate housing burden for newlyweds and youth
Arirang News
2018-07-06
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President Moon Jae-in met with newlyweds in western Seoul on Thursday evening, where he pledged to provide policy support for newlyweds to help them ease the burden of finding an affordable home.
Our Blue House correspondent Hwang Hojun reports.
There are no children at home.
And leaving work at a regular time is a foreign concept to many.
Even considering marriage is an extravagance.
All because housing is becoming too much of a burden in people's lives, according to the South Korean leader.
President Moon Jae-in insists that all people should be able to enjoy basic housing welfare.
"The government will roll our sleeves up to boost housing security. Our direction and goal are clear - alleviating the housing burden for newlyweds and younger people."
President Moon made such comments while meeting with newly married couples on Thursday night in an apartment complex in western Seoul,... specifically constructed to provide homes for people in their 20s and 30s, including newlyweds, college students, and people who recently joined the workforce.
It was the location where the South Korean President chose to announce his administration's housing measures for newlyweds and the younger generation..
He pledged to support about 880-thousand households with housing benefits by 2022, which is up by 280-thousand from late November, when the administration first announced its housing stabilization roadmap.
And for over the next five years, President Moon pledged to provide an extra 250-thousand state-funded rental houses for newlyweds.
Also, about 100-thousand homes will be available for purchase at 20 to 30 percent lower than the market price,...and recently married couples will also be eligible for more tax benefits as well as favorable interest rates.
So according to the President, if the government sticks with the plan, it will have the effect of practically supporting all newlyweds in need of housing by 2020.
"For that to become a reality, we're putting in three times as much budget to be spent on such measures, compared with the previous government. I believe the public will agree to resolve the record-low birthrate issue in South Korea."
Similar government support will be provided to single-parent households as well.
Hwang Hojun, Arirang News.
Our Blue House correspondent Hwang Hojun reports.
There are no children at home.
And leaving work at a regular time is a foreign concept to many.
Even considering marriage is an extravagance.
All because housing is becoming too much of a burden in people's lives, according to the South Korean leader.
President Moon Jae-in insists that all people should be able to enjoy basic housing welfare.
"The government will roll our sleeves up to boost housing security. Our direction and goal are clear - alleviating the housing burden for newlyweds and younger people."
President Moon made such comments while meeting with newly married couples on Thursday night in an apartment complex in western Seoul,... specifically constructed to provide homes for people in their 20s and 30s, including newlyweds, college students, and people who recently joined the workforce.
It was the location where the South Korean President chose to announce his administration's housing measures for newlyweds and the younger generation..
He pledged to support about 880-thousand households with housing benefits by 2022, which is up by 280-thousand from late November, when the administration first announced its housing stabilization roadmap.
And for over the next five years, President Moon pledged to provide an extra 250-thousand state-funded rental houses for newlyweds.
Also, about 100-thousand homes will be available for purchase at 20 to 30 percent lower than the market price,...and recently married couples will also be eligible for more tax benefits as well as favorable interest rates.
So according to the President, if the government sticks with the plan, it will have the effect of practically supporting all newlyweds in need of housing by 2020.
"For that to become a reality, we're putting in three times as much budget to be spent on such measures, compared with the previous government. I believe the public will agree to resolve the record-low birthrate issue in South Korea."
Similar government support will be provided to single-parent households as well.
Hwang Hojun, Arirang News.
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