Gyeongbuk Development Corporation Freezes Rent for Kolon Haneulchae Public Rental Housing in Provincial Government New Town

Gyeongbuk Development Corporation (President Lee Jae-hyuk) announced on the 3rd that it has frozen the 2024 rent for Kolon Haneulchae, a public rental housing located in Andong City’s provincial government new town, to alleviate the burden of housing costs faced by residents amid economic downturns such as rising prices and a sluggish domestic economy.

Considering the housing cost burden on vulnerable groups, Gyeongbuk Development Corporation has frozen rental deposits and rents for four years since the initial move-in in 2020. This was an unprecedented support measure compared to other public rental housing supplied by Gyeongbuk Development Corporation. They stated that, using the Kolon Haneulchae case as a reference, they will discover various support measures for residents and apply them to other public rental housing as well.

Gyeongbuk Development Corporation is taking a commemorative photo with residents aged 65 and over living in Kolon Haneulchae located in the provincial government new town as they depart for a healing trip to Uljin County.

On the 29th of last month, Gyeongbuk Development Corporation took senior residents aged 65 and over from Kolon Haneulchae on a healing trip to Uljin County to promote their residential welfare. The residents who participated in the healing trip said, “We would like to thank President of Gyeongbuk Development Corporation for providing this travel opportunity, allowing us to escape daily life, create memories, and enjoy the autumn atmosphere in nature.”

Lee Jae-hyuk, President of Gyeongbuk Development Corporation, said, “I am glad that the corporation’s sincere care for the residents was clearly conveyed. Going forward, our corporation will expand housing services throughout Gyeongsangbuk-do and actively lead in supplying quality housing.” He added, “This will not be a one-time event; we promise to provide travel opportunities every year so that the seniors can fully enjoy nature and experience various cultural activities.”