Lessons From President Moon Jae In’s Housing Policy and The Road to Affordable Home Ownership in Seoul, South Korea

A fundamental goal of housing policy is to provide a safe and quality place to live for the population. This thesis studies the provision of affordable homeownership in Seoul, South Korea and particularly for non-homeowners and first-time buyers who did not have an opportunity to participate in the housing boom that the previous generations experienced. For Seoul, 58% of the population is non-homeowners. First, this thesis provides a brief introduction to the Korean housing history. Second, it discusses the housing policy under President Moon Jae In, and how housing prices soared under his administration due to misguided efforts. Finally, it describes the necessary path towards mitigating the housing affordability crisis that has been created in Seoul using both supply and demand side arguments.

Name thesis:degree_name

Master

Department dc:contributor.department

Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development.

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2024

Author dc:creator

• Cho, Kibong

Advisor dc:contributor.advisor

• Sant’Anna, Vinicios

Statement dc:rights

• In Copyright - Educational Use Permitted
• Copyright retained by author(s)

Licence dc:rights.uri

• https://rightsstatements.org/page/InC-EDU/1.0/

Handle dc:identifier.uri

https://hdl.handle.net/1721.1/157082

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/157082