Foreword

This report analyses Korea’s response to the housing affordability crisis. It notes that Korea has a complex social housing system that, although largely focused on low-income households, such households still suffer from housing poverty in terms of housing stability, affordability and quality. The report argues that the national government alone will not be able to overcome the current housing challenge, which requires expanding the network of public housing providers by including the private and community sectors. The report also analyses the relationship between housing and urban regeneration strategies where Korea has moved to a more integrated approach to respond to the more complex challenges of social inclusion, job creation, housing and economic revitalisation. Finally, the report analyses Korea’s smart cities strategy. Korea is a global leader in smart city development which has brought benefits to Korean cities (e.g. integrated transport systems) and the national economy.