Housing policy model and policy directions for Korea

Abstract

Hosing policy can be a response to various kinds of factors such as the nature and the scope of the housing problem, the economic, technological and social resources available. Thus, housing policies are very different as between different countries. Yet, there is no accepted model for the application of the ultimate policy objectives. The purpose of this paper is to review the Korean housing policies and to propose the policy directions. There are four types of housing policy model: ideological, economic, social, and political approach model. In Korea, housing policies have been formulated dominantly by the central government. And the central government distributes housing resources according to the government initiated plans, which is considered as typical approach of developing countries. In other words, housing resources are allocated by the central plannings. In that sense, housing policy model of Korea is totally distinct from the other countries. In this paper, housing policy model of Korea is difined as "Government Initiated Planning Model." It is important to have a clear, well defined policy model in order to cope with housing problems effectively and to provide policy directions. In other words, indepth discussion should be made regarding to the various type of policy model.