The Korean housing policy was to supply new houses in the market. For the continuance supply policy, new houses were built excessively after 1990, and the present condition, over issuing of new houses and remaining the unsold houses in the market, causes houses to be unoccupied. The housing rate of 2005 was defined 105.9% by the government hearing of the National Assembly of the Republic of Korea, although 41.4% of household lived in rental houses, even so being the over supply. This tendency enforcements the turning point of housing policy only base on the new houses supply from 1965 and the modification of the FILTERING EFFECTS on the housing market, the demand of the policy from social welfares.
