A policy seminar is held in the National Assembly to explore options for improving the regional dwellings cooperative system. It seeks to find ways to restore the original purpose of the regional dwellings cooperative system, which is to supply housing to actual users.
A policy seminar titled "Improving the regional dwellings cooperative system," hosted by Democratic Party of Korea lawmaker Jeon Yong-gi, will be held on the 27th at 2 p.m. in the first small conference room of the member's office building at the National Assembly in Yeouido, Seoul. This seminar is jointly organized by the National Association of Regional Dwellings Cooperatives, the Korean Real Estate Society, the Korean Urban and Regional Planning Association, and the law firm LKB & PARTNERS.
Regional dwellings cooperatives are a system where local residents autonomously form a cooperative, directly purchase land, and build dwellings without competitive bidding for subscriptions. The system was created with the aim of supplying dwellings to actual users, such as those without homes or owners of one house within the national housing scale. However, regional dwellings cooperatives have not been activated due to issues such as ▲ excessively high land acquisition rates ▲ complicated approvals and financing ▲ responsibility issues of agents ▲ and lack of communication with administrative agencies.
The number of households with regional dwellings cooperatives that cannot progress with projects due to regulations, despite exceeding an 80% land acquisition rate, amounts to 85,000 households (out of a total of 200,000 households). This contrasts with the rapid acceleration of regional maintenance projects led by the Seoul city government with active administrative support.
This seminar will have representatives from promotion committees and cooperatives in various regions participating directly. It is expected to be a venue where they can vividly convey institutional difficulties and realistic improvement demands experienced during the project promotion process. In particular, discussions will focus on ▲ the current status of regional dwellings cooperatives ▲ structural causes of member damages ▲ the role and responsibility of administrative agencies ▲ and requests for institutional improvements centered around practitioners, which has garnered significant interest not only from policymakers but also from academia and real estate development experts.
A spokesperson for the National Association of Regional Dwellings Cooperatives noted, "For the voices from the field to be reflected in policy, it is necessary for cooperative practitioners to gather in one place and convey them directly," and expressed hope for active participation from promotion committees and cooperative representatives nationwide who are interested.
Promotion committees, cooperative representatives, experts, and others wishing to participate can apply in advance to the secretariat of the National Association of Regional Dwellings Cooperatives.