Korea Land and Housing Corporation (LH) will increase its supply of jeonse rental housing by more than 10% this year to ease the housing cost burden on low-income households without homeownership.
LH announced on the 4th that it will supply 37,580 jeonse rental units nationwide this year. Under the jeonse rental program, eligible tenants find their own housing, after which LH signs a jeonse lease contract with the property owner and sublets the unit to the tenant at below-market rates.
Last year, LH supplied 33,000 jeonse rental units nationwide, accounting for 51% of its total public rental housing supply of 64,000 units. This year's allocation represents a 13.9% increase from last year. "We have expanded the supply of jeonse rental housing and moved up the supply schedule to stabilize housing for low-income households without homeownership and ease their housing cost burden," said Cho Kyung-sook, acting CEO of LH.
Units will be allocated by life stage and income level. The general and elderly category receives the largest share at 13,000 units (35%), followed by young adults at 10,000 units (27%), newlyweds and families with newborns at 6,700 units (18%), non-apartment housing at 2,800 units (8%), jeonse fraud victims at 2,500 units (7%), and multi-child families at 2,200 units (6%).
By region, 58.1% of units—or 21,836—will be concentrated in the Seoul metropolitan area, where housing demand is highest. Metropolitan cities and other provincial areas will receive 8,707 and 7,037 units, respectively.
The jeonse deposit support ceiling for the general category is 130 million won in the Seoul metropolitan area, 90 million won in metropolitan cities, and 70 million won in other regions. For single young adults, the ceiling is 120 million won in the Seoul metropolitan area, 95 million won in metropolitan cities, and 85 million won in other regions.
Considering current market conditions—including rising jeonse and monthly rent prices, declining inventory, and tightened lending regulations—LH has accelerated its first-half supply schedule ahead of previous years. Beginning with first-priority recruitment for young adults (7,000 units) posted last month, rolling recruitment for newlyweds and multi-child families will follow in April, with regular recruitment for general and elderly applicants in May. In the second half, LH plans additional supply within budget constraints, focusing on high-demand categories such as young adults based on supply performance and demand trends.