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🇰🇷 South Korea /Economy & Trade

LH Debt per Public Rental Home Rises 60.9% in Four Years to 288 Million Won

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Documents & data Context piece
  • Korea Land and Housing Corp. incurred average debt of 288 million won per integrated public rental home in 2025, up 60.9% from 2021.
  • The homes serve low-income people, young adults and other housing-vulnerable groups at rents 10% to 65% below market rates.
  • Actual construction costs rose 61.5% over the period, while government support per home increased 40.7%.

Korea Land and Housing Corp. is taking on 288 million won in debt for every integrated public rental home it builds, a 60.9% increase in four years.

Data submitted by LH to the office of People Power Party lawmaker Kang Dae-sik showed that debt per home rose from 179 million won in 2021 to 288 million won in 2025. Integrated public rentals target low-income households, young people and other groups considered vulnerable in the housing market. Rents are set 10% to 65% below market levels.

The program combined permanent, national and “Happy” housing into one category and began its first supply in 2021. LH’s borrowing has increased as actual project costs have grown faster than state support.

Actual spending per home reached 365 million won in 2025, up from 226 million won in 2021, a 61.5% rise. Government support increased to 211 million won from 150 million won, or 40.7%. The debt represents the gap between actual project costs and government equity contributions, leaving LH to cover the difference through borrowing and other financing.

About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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