Korea has the demographic population structure of the lowest birth rate in the world, the increased elderly population
due to aged society, and the largest share of one person households. The economic growth rate of less than 3% entailed the
unemployment rate of young people of more than 10%, but housing prices are rising. In the Seoul metropolitan area, the
ownership rate is less than 50% and the price to income ratio (PIR) is about 10, which is economically burdensome.
The government's housing policies shifted from providing quantitative housing to focusing on housing stock
management, housing regeneration, and housing welfare. It will revitalize the private rental housing market and expand
consumer support such as housing benefits and financial and tax support. The 'Housing Welfare Roadmap', announced in
November 2017 in Korea, presented a large-scale public housing supply especially for young people and newly married
couples. It is necessary to exchange information continuously between the two countries' societies on issues to be solved at
the same time in Korea and Japan, such as creating child-friendly environment for raising the birth rate, elderly residential
environment, housing regeneration, and housing vacancy problem.
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