IDEAS home Printed from https://ideas.repec.org/a/taf/intjhp/v10y2010i3p255-272.html
   My bibliography  Save this article

Housing Crises and Policy Transformations in South Korea

Author

Listed:
  • Seong-Kyu Ha

Abstract

South Korea has witnessed remarkable economic development since the 1960s. Its economic growth rate has few parallels. However, behind this facade of growth and progress, a chronic housing shortage in the capital region, declining owner-occupation, rising housing costs, and polarisation in housing conditions between the better-off and the worse-off clearly illustrate the increasing impasse and crisis in housing that Korea has faced. The Asian financial crisis of the late 1990s and the more recent global financial crisis shocked the Korean housing market. Immediately after each crisis, the housing market experienced a serious recession and a sharp drop in prices. This paper addresses the seriousness of the impact of the financial crises on Korean housing conditions and how the Korean government reacted to the housing crises. It also discusses the benchmarks over the years and how pressing exigencies in the last decade have led to dramatic transformations in housing policy.

Suggested Citation

  • Seong-Kyu Ha, 2010. "Housing Crises and Policy Transformations in South Korea," International Journal of Housing Policy, Taylor & Francis Journals, vol. 10(3), pages 255-272.
    • Handle: RePEc:taf:intjhp:v:10:y:2010:i:3:p:255-272
    DOI: 10.1080/14616718.2010.506742
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14616718.2010.506742
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14616718.2010.506742?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Seon Young Lee, 2018. "Cities for profit: Profit-driven gentrification in Seoul, South Korea," Urban Studies, Urban Studies Journal Limited, vol. 55(12), pages 2603-2617, September.
    2. Chunil Kim & Jinsoo Ko, 2023. "Unintended Consequences of Housing Policies: Evidence from South Korea," Sustainability, MDPI, vol. 15(4), pages 1-25, February.
    3. Kon Kim, 2022. "Exclusion and Cooperation of the Urban Poor Outside the Institutional Framework of the Smart City: A Case of Seoul," Sustainability, MDPI, vol. 14(20), pages 1-18, October.
    4. Jinhee Park, 2019. "Neoliberalism Meets “Gangnam Style”: Vernacular Private Sector and Large Urban Developments in Seoul," Urban Planning, Cogitatio Press, vol. 4(4), pages 62-72.
    5. Hyun Bang Shin & Soo-Hyun Kim, 2016. "The developmental state, speculative urbanisation and the politics of displacement in gentrifying Seoul," Urban Studies, Urban Studies Journal Limited, vol. 53(3), pages 540-559, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:10:y:2010:i:3:p:255-272. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REUJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.