Gangwon Province to Supply 10,000 Youth-Focused Public Rental Homes by 2030

Gangwon Province to Launch 342 Youth Housing Units Next Year

100 New Senior Welfare Housing Units

Up to 8 Billion Won in Provincial Funding per Project

Hongcheon Shared Housing “Cheongaramchae” Opens

Gangwon Special Self-Governing Province (Governor Woo Sangho) is working to supply 10,000 youth-focused public rental homes by 2030. It will double the provincial funding cap for youth housing projects led by cities and counties and diversify supply methods to suit local jobs and living conditions.

Gangwon State Governor Woo Sangho poses for a commemorative photo at the opening ceremony of Cheongaramchae, a shared housing facility for young people, in Pungam-ri, Seoseok-myeon, Hongcheon County, on the 21st. Provided by Gangwon State.

Gangwon Province announced on October 21 that it will launch six new construction-based public rental housing projects next year, comprising 442 units. These include five sites with 342 units under the province- and city- and county-led Gangwon-Style Youth-Focused Public Rental Housing program, and 100 units of senior welfare housing being developed by the Korea Land and Housing Corporation (LH) and Taebaek City.

The youth housing units will be allocated as follows: 100 in Hoengseong, 84 in Yeongwol, 60 in Hwacheon, 50 in Inje, and 48 in Goseong. The projects will reflect local housing needs, including those of young people, newlyweds, local workers, and military families.

Hoengseong County will provide housing in the Eupsang-ri area with facilities such as a daycare center and kids' room. Yeongwol County will use the site of a former Korea Electric Power Corporation employee apartment complex in Deokpo-ri to support housing stability for young workers at nearby institutions and workplaces. The county plans to develop the Deokpo area into a hub for public housing for young people, linking it with existing public rental housing.

Hwacheon County will use county-owned land in Sineup-ri, Hwacheon-eup, and elsewhere to build all units with a dedicated floor area of 84 square meters. Inje County will provide housing in the Wontong-ri area of Buk-myeon to meet housing demand arising from development around Wontong Station on the Chuncheon-Sokcho East-West High-Speed Railway. Goseong County will establish a foundation for young workers, including those in tourism and service industries, to settle in the Geojin-eup area.

A 100-unit senior welfare housing complex, along with welfare facilities such as a cafeteria for seniors and a health center, is planned for the site of a former railway apartment complex in Cheoram-dong, Taebaek City.

To support the supply of youth housing, the province plans to raise the per-project cap on provincial funding for the Gangwon-Style Youth-Focused Public Rental Housing program from 4 billion won to up to 8 billion won. It will also scrap the rule limiting support to one site per city or county and strengthen step-by-step advance consulting, from project planning through approval, certification, and construction procurement.

Gangwon Special Self-Governing Province, led by Governor Woo Sangho, aims to supply 10,000 youth-focused public rental housing units by 2030. Courtesy of Gangwon Province.

The province will also take part in the Ministry of Land, Infrastructure and Transport's specialized housing competition this November. In addition to new construction, it will use other supply methods, such as purchasing existing properties, and plans to expand housing in areas where young people work and live, including industrial complexes and border regions.

On October 21, Cheongaramchae, a shared housing project for a youth village, opened in Pungam-ri, Seoseok-myeon, Hongcheon-gun. Built between 2023 and this year at a cost of 2.2 billion won, the two-story building has a total floor area of 640.30 square meters and includes 10 units of youth accommodation, a meeting room, and a shared kitchen.

Ten residents and four reserve residents have been selected. They will sign their contracts from October 26 to 30 and move in within 30 days of signing. The deposit is 1 million won, and the monthly rent is 100,000 won; maintenance fees and individual utility bills are charged separately. The lease term is two years, and residents may extend it twice, for a maximum stay of six years, as long as they continue to meet the eligibility requirements.

Gangwon Province Governor Woo Sangho said, "Above all, a stable housing foundation is essential to realizing 'Gangwon for Youth,' where young people can stay and grow. We will ensure the supply of 10,000 youth-focused public rental homes proceeds as planned and expand housing suited to local jobs and living conditions."

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