Currently, South Korea has more than 11 million apartment units, and its proportional value is more than 62 percent. In other words, more than six out of ten Koreans live in apartments. This lecture focuses on why many Koreans want to live in apartments based on a chronological perspective from the 1960s to the current status. Especially, apartments were cheaper, faster and denser housing for low-income households in the 1970s. Since the 1980s, the Korean government had supplied many large-scale apartment complexes for the homeownership dream for the Korean middle-class. According to the national economic growth, there was a continuous rise in apartment prices at the national level. Many Koreans recognise apartments as not just housing but also a product with high exchange value. Over the decades, many people have benefited financially through the apartment from consistent provisions led by the Korean government at levels lower than market prices.

Thus, this lecture concludes the Korean apartment: it was the modern direction for housing in South Korea; it is the investment means to increase personal assets; it will expand gradually through a high-quality branding process.

Year: 2022

Type: Academic Lecture

Place: Department of Architecture at KIT Karlsruhe Institute of Technology, Germany

Keywords: Apartment, Housing, Korea, Metropolitan City

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