This study provides an overview of the project that calls for the use of the National Pension Fund to support the housing security of urban workers and employees. A survey of urban households with working members reveals that 52.4 percent of workers in the industrial cluster towns are married, and 64.8 percent of the married workers do not own their own house. Outside of the industrial cluster towns, the proportion of married workers rises to 62.9 percent, and 55.1 percent of them do not own their own house. The high proportion of urban workers without their own house indicates the severity of the housing problem that they face. While there are relatively numerous businesses that provide dormitories, housing loans and provisional housing for employees, few ever provide the benefits of the employee home ownership association or other forms of housing allowances.
We can look toward the National Pension, established to promote the welfare of people in Korea, as a possible way to increase the housing security of urban workers. Two main types of effective assistance will be provided: loans and investments. The loan projects may appropriate part of the National Pension Fund to provide mortgage loans used to purchase or build houses for urban workers who are participating in the National Pension. This can help significantly reduce the amount of capital that employees need in order to buy their own homes. The investment projects, on the other hand, will involve using part of the National Pension Fund to build new homes that people can either rent or buy so that urban workers without homes can have an affordable place to live. The mortgage loan projects should start with the estimated amount of capital needed to support the minimum possible number of beneficiaries in need, and gradually increase the maximum amount of loans that can be provided from year to year. The investment projects can provide at least 20,000 homes that can be rented and 40,000 homes that can be purchased each year. However, the ratio of rented to purchased homes can be adjusted as needed by taking into account the diverse aspects of the housing demand as well as the number of employees on waiting lists.
근로자 거주안정을 위한 정책방안연구(A policy study on improving housing security for urban workers)
|Series Title; No||정책연구시리즈 / 91-05|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Territorial Development < General|
|Holding||KDI; KDI School|