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Housing and Socioeconomic Transformations in South Korea

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Housing East Asia

Abstract

In preceding periods of industrial growth, housing provision in South Korea served as a strategic tool to sustain political stability and economic development. Housing production has been prodigious in South Korea (hereafter Korea), with the construction of units exceeding half a million a year since the late 1980s. The state has been a key player, establishing centralized public housing agencies, setting ambitious periodic housing supply targets and trying to manage speculative cycles (Kim and Kim, 2000; KSATFT, 2007; Park 2007; Lee and Ronald, 2012). In recent years, however, the housing system has undergone structural transformations and become more dynamic than ever. Increasingly, political and economic systems have operated in tandem with changes at the global level, meaning that the housing system has been affected by both internally and externally driven shifts that are reshaping the role of housing policy and the impact of housing markets.

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Authors
  1. Hyunjeong Lee
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Editor information

Editors and Affiliations

  1. School of Social Policy, University of Birmingham, UK

    John Doling

  2. Centre for Urban Studies, University of Amsterdam, The Netherlands

    Richard Ronald

Copyright information

© 2014 Hyunjeong Lee

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Lee, H. (2014). Housing and Socioeconomic Transformations in South Korea. In: Doling, J., Ronald, R. (eds) Housing East Asia. Palgrave Macmillan, London. https://doi.org/10.1057/9781137314529_9

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