Busan Metropolitan City (Mayor Park Heong-joon) announced that on the morning of June 25 at 10:00 a.m., a “Busan–Osaka Housing Administration Exchange Meeting” was held at Busan City Hall, where delegations from both cities gathered to share their housing policies and best practices in public administration.
○ The delegation from Osaka City, Japan, consisted of four members, including Hirofumi Shitanaka, Director of the Housing Policy Division. They visited Busan to promote intercity cooperation and share housing policy insights.
○ This meeting marked the second exchange following Busan’s housing policy delegation visit to Osaka in 2024. It was an opportunity for both cities’ housing policy teams to share their experiences and collaborate for mutual advancement.
The agenda of the meeting included:
●An overview of Busan’s youth housing policies
●A presentation by the Busan Urban Corporation on the results of a study outlining a roadmap for redeveloping aging public rental housing
●A presentation by Osaka City on its youth housing initiatives and examples of municipal housing reconstruction (remodeling) projects
○ Busan introduced several policies targeting young people, including:
- “Together for Life: Youth Home for All”
- “Lucky 7 House for Newlyweds”
- “Happy Housing in Front of City Hall”
- “Hope Plus Housing”
○ The Busan Urban Corporation presented the results of its study on a roadmap for redeveloping aging public rental housing. The roadmap covers 13 housing complexes over 20 years old and outlines a phased approach involving resident relocation and sequential redevelopment.
○ Osaka City introduced policies to attract younger populations, including subsidies for part of the interest on housing loans for newlyweds and families with children who are first-time homebuyers within Osaka. The city also shared cases where municipal housing complexes were consolidated and redeveloped, with surplus land used to construct private-sector apartments and convenience facilities, thereby stimulating local revitalization.
Following the meeting, the Osaka delegation visited public rental housing facilities implemented under Busan’s youth housing policies.
○ The delegates toured units and common facilities such as community cafés and fitness spaces at the “Happy Housing in Front of City Hall” and “Hope Plus Housing” in Bujeon-dong (Seomyeon E-Land Pier). They also exchanged views on operational models and rental pricing standards.
Busan and Osaka both implement similar housing policies to attract young people and newlywed couples.
○ The two cities are working to attract younger generations through initiatives such as supplying rental housing, providing interest subsidies for housing loans, and supporting monthly rent for public rental housing.
The Osaka delegation stated, “At last year’s housing policy exchange meeting, we were impressed by Busan’s policies for younger generations. This meeting gave us a valuable opportunity to learn from Busan’s advanced policies and see their implementation firsthand.”
Ha Seong-tae, Director General of the Housing & Architecture Bureau of Busan Metropolitan City, remarked, “Given the similarities between our two cities in terms of urban environment and development potential, we look forward to continued exchanges in housing policy.” He added, “We will continue to promote mutual growth by sharing policy experiences through future visits and collaboration.”
This content has been translated by AI. Please refer to the attached original Korean version for accuracy if needed.
Translated by AI
Link to Busan press releases in Korean