Hosted by North Jeolla Province and Jeonbuk Development Corporation
Secured 2.8 billion KRW in provincial funding
Imsil County in North Jeolla Province has been finally selected for the 2025 Jeonbuk-style Banhal Housing contest project.
The county announced on April 29 that, as a result of being selected for the Jeonbuk-style Banhal Housing contest organized by North Jeolla Special Self-Governing Province and Jeonbuk Development Corporation, it will receive 8 billion KRW in provincial funding.
Imsil County was finally selected for the Jeonbuk-style Banhal Housing contest project. Photo by Imsil County
To promote the project, the county signed a business agreement with Jeonbuk Development Corporation in June of last year and, in November of the same year, received an exemption from the local finance investment review consultation from the Ministry of the Interior and Safety.
Based on this, the county has thoroughly prepared for the contest project, focusing on a project site (15 lots, 9,299 square meters) located between Imsil High School and Imsil County Office.
With the selection of Imsil-eup (120 units) for the Jeonbuk-style Banhal Housing this time, the county will be able to supply a total of 320 public rental housing units, including Gwancheon-myeon (120 units) and Osu-myeon (80 units).
With the construction of rental apartments, the county will be able to provide stable housing for civilian employees working at the Army's 35th Division and the 6th Ammunition Depot, newlywed couples, soon-to-be-married couples, and young people. The county views this contest project as a golden opportunity to overcome the crisis of local extinction caused by population decline.
The Jeonbuk-style Banhal Housing (public rental housing) project provides half-price rental housing units with an exclusive area of 59 square meters, aiming to ensure housing stability for vulnerable groups such as young people, newlywed couples, and returning or incoming rural households, while also revitalizing the local community.
In particular, these public rental housing units can be converted to ownership after 10 years of rental, enabling stable and long-term settlement in the region and asset accumulation. In addition, Banhal Housing residents can reduce their housing costs to 50% of the standard rent. If a child is born after moving in, residents are eligible for full exemption from rent, which is expected to encourage marriage and childbirth among young people and promote population inflow into the region.
This project goes beyond simply supplying housing, as it is expected to create jobs and boost the local economy by linking with local industries. Furthermore, with the attraction of related companies such as those in agro-industrial complexes and the expansion of living convenience facilities, it will lay the foundation for additional urban development and significantly improve settlement conditions. The county is also preparing strategies to build various cultural facilities in the future.
County Governor Sim Min stated, "Being selected for the Jeonbuk-style Banhal Housing contest is the first step toward changing the future of Imsil," adding, "The county will spare no administrative and financial support so that young people can stay, families can settle, and everyone can aspire to live here."
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