전환기 부동산정책의 새로운 방향 모색(하)(Structural changes and new policy directions)

The housing sector in Korea is currently undergoing several structural changes. Aging population, shrinking household size, and slowing economic growth represent on-going transitions in the demand side. Meanwhile, resolving the chronic housing shortage, at least in the national level, along with shifting policy focus from the government-driven mass production of affordable owning units toward various rental housing services for low- and moderateincome households are some of major changes in the supply and policy sides. Furthermore, the rising role of financing since the Asian Financial Crisis in 1997~97, for consume rs as well as for producers, became another critical element that shapes market outcomes in the sector. (The rest omitted)