Busan city has introduced the largest-ever extraordinary housing support measures ahead of the transfer of the Ministry of Oceans and Fisheries.
Park Hyung-jun, the mayor of Busan, announced housing support measures for employees of the Ministry of Oceans and Fisheries on the afternoon of the 4th. The city plans to spend about 35 billion won by the end of this year to lease 100 apartments in Busan for four years to provide them as family housing for the ministry's employees, which greatly exceeds the current provision of eight government residences by the city.
In the long term, the Busan Urban Corporation plans to prioritize the supply of apartments at construction cost levels and allocate a certain percentage of housing for sale in public and private residential areas for special supply. Candidate sites include 6 locations in western Busan, 2 in central Busan, and 9 in eastern Busan, for a total of 17 sites. Detailed plans will be established once the final location for the new building is confirmed.
In addition, a one-time relocation settlement allowance of 4 million won will be paid to each transferring employee and their family, with a monthly settlement support of 400,000 won per employee for four years. Support for children will also be enhanced, providing a one-time amount of 1.5 million won for each child in elementary, middle, and high school, and a monthly scholarship of 500,000 won for two years. For preschool children, a monthly childcare subsidy of 500,000 won will be provided for two years, and an additional childbirth subsidy of 2 million won will be granted if a child is born within two years.
Additionally, it will provide actual cost support for brokerage fees and registration fees incurred when finding a house, each up to a limit of 1 million won.
Busan city expects that these support measures will significantly contribute to the population inflow due to the family accompanying the transfer and revitalization of the local economy. However, rapid legislation of the special law currently pending in the National Assembly is necessary to implement these measures.
Mayor Park stated, "This is a practical measure to help the Ministry of Oceans and Fisheries employees settle into their new living environment" and noted that "government-wide cooperation is needed for Busan to become the center of our country's leap toward becoming a maritime power."