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[THE INVESTOR] Although South Korea’s housing penetration rate has well exceeded 100 percent, but there are over 300,000 households who live in makeshift arrangements, data showed on Sept. 12.
Numbers provided by Statistics Korea said that as of November last year, 11,409 households lived in abodes with plastic roofs or made of planks. Another 30,131 households lived in motels and other types of accommodations. Statistics showed 322,591 households lived in temporary barracks built at construction sites, religious facilities, stores, saunas or on the streets.
In the last survey conducted five years ago, 117,115 households had lived in such conditions. In the new survey, the number jumped to 364,131.
Housing penetration rate measures the ratio of number of households to the number of housing available. The rate reached 101.9 percent in 2010 and rose to 103.5 percent in 2014. The latest survey results indicate that the rate increase is due to people owning a multiple number of homes, while the housing conditions for the poor have not improved.
(theinvestor@heraldcorp.com)
Numbers provided by Statistics Korea said that as of November last year, 11,409 households lived in abodes with plastic roofs or made of planks. Another 30,131 households lived in motels and other types of accommodations. Statistics showed 322,591 households lived in temporary barracks built at construction sites, religious facilities, stores, saunas or on the streets.
In the last survey conducted five years ago, 117,115 households had lived in such conditions. In the new survey, the number jumped to 364,131.
Housing penetration rate measures the ratio of number of households to the number of housing available. The rate reached 101.9 percent in 2010 and rose to 103.5 percent in 2014. The latest survey results indicate that the rate increase is due to people owning a multiple number of homes, while the housing conditions for the poor have not improved.
(theinvestor@heraldcorp.com)
