World · East Asia & Pacific · 1 hr ago

46% of youth-headed LH rental households are at least three months behind on rent

46% of youth-headed LH rental households are at least three months behind on rent

Nearly half of youth-headed households in South Korea’s LH rental housing are behind on rent by at least three months.

LH, the Korea Land and Housing Corporation, rents homes to low-income and vulnerable households at below-market rates through a system in which it contracts with landlords and then rents the homes to residents.

The figures show that 46% of these households have long-term rent arrears.

Their rental contracts could be terminated if they cannot resolve what they owe.

The situation has raised calls for measures to secure stable housing for these young households.

The available information does not say what support or next steps will follow.

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