• The Korean Journal of Community Living Science
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• v.21 no.1
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• pp.91-103
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• 2010

The purpose of this study was to find the differences of household characteristics between homeowners and renters. The data was drawn from the 2002 Korean Labor and Income Panel Study and conducted by the Korea Labor Institute. 3,743 households were selected. The householder's mean age of homeowners was found to be 8 years older than those of renters, and the households in Seoul showed a higher rent ratio than those in other areas. The levels of household financial elements for homeowners were found to be higher than those of renters. Moreover, the levels of total real estate assets for homeowners were higher than those for renters, and the levels of total debt, and the debt from financial institutes were also higher than those for renters, reflecting that most Korean households may use loans from financial institutes for holding real estate assets. The results of the Chow-test showed that the group of homeowners and renters were significantly different in terms of socio-demographic and financial factors affecting the ratio of real estate assets to total asset.

• International Journal of Human Ecology
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• v.15 no.2
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• pp.93-104
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• 2014

This study examined housing costs and housing affordability of young college graduate renters in the Capital Region of Korea using microdata of the 2012 Korea Housing Survey (KHS). A licensed microdata set of 2012 KHS was obtained on September 29, 2012 from the official KHS Website and analyzed statistically. I selected 93,795 young college graduate renters between 20 and 29 years of age in the Capital Region and compared their housing costs across income levels and tenure type. Major findings were as follows: (1) Jeon-se deposit was on average 3.1 times the annual household income and monthly renters' deposit was 7.1 times the monthly household income; (2) households in higher income groups tended to pay a larger deposit and/or monthly rent; however, households with a lower income were found to pay a greater proportion of income to housing costs than households with a relatively higher income; (3) a total of 64% of all young college graduate renters had housing cost burdens to pay 30% or more of their income for housing, and more than 78% of the low-income households were found burdened; and (4) after housing cost payments, low-income households had less than one million KRW left to spend on other needs and savings; in addition, some low-to mid-income households had zero or even minus income left after housing cost payments.

• Korean Journal of Human Ecology
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• v.23 no.6
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• pp.1231-1247
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• 2014

The purpose of this study was to explore housing cost burden and financial support from parents to afford housing costs of college students from Capital and non-Capital regions. On-site and on-line questionnaire surveys were conducted to college students between March 3 and April 4, 2014, and total 241 useable responses were collected. Findings are as follow: (1) Jeon-se renters and monthly renters with deposit in Capital region were found to have paid greater housing costs than those in non-Capital region; (2) 86% of Jeon-se renters, 95% of monthly renters with deposit, and 80% of monthly renters without deposits were found to have received parental supports to pay housing costs; (3) respondents in Capital region tended to perceive influence of housing costs on housing choices greater than those in non-Capital region; and (4) more than a quarter of the respondents thought it would be proper to receive parental supports for all expenses until college graduation.

• Human Ecology Research
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• v.61 no.3
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• pp.375-387
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• 2023

In research on housing welfare policy, there has been little interest in middle-aged households compared with young or elderly households. The purpose of this study was to explore influences on the housing satisfaction of middle-aged renter households using microdata from the Korea Housing Survey 2021. A statistical analysis of data was performed on a total of 2,709,152 middle-aged (aged between 40 and 64 years) Jeonse (lumpsum housing lease) renters and monthly renters with deposits, living in private rental housing units. The major findings were as follows. Firstly, there were significant differences in housing unit satisfaction and residential environment satisfaction among renter groups by age and rental type. Early-middle-aged Jeonse renters displayed the highest satisfaction with both housing units and the residential environment, while semielderly monthly renters with deposits displayed the lowest satisfaction. Secondly, living in aged structures or in apartment units exerted the strongest influences on housing satisfaction, which implies the need for residential area regeneration programs that consider the situation of rental households. Thirdly, living in Incheon and Gyeonggi-do was found to have a negative influence on housing satisfaction. Fourthly, upward filtering on tenure types or lease renewal of the current house did not necessarily have a positive influence on the housing satisfaction of middle-aged renters. Based on the findings, suggestions were made to improve the housing situation of middle-aged renter households.

• Korea Real Estate Review
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• v.28 no.1
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• pp.65-77
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• 2018

This paper analyzes the redemption risk of renters by estimating the LTV and CoLTV with finance market big data (individual credit information) and housing market big data (actual housing transaction data). The analysis showed that when using LTV, the redemption risk was higher in the case of the monthly renter than of the chonsei renter. On the other hand, when using CoLTV, the chonsei renter had a higher redemption risk than the monthly renter. This implies that there is a need to activate a guarantee system, such as risk management using the CoLTV index and the chonsei deposit return guarantee because it is possible for renters to experience losses on their chonsei deposits due to the higher redemption risk. Another implication is that the risk manager should consider the individual characteristics of renters because of the different effects of the redemption risk stemming from the characteristics of the rental contract and the personal characteristics of the renters. CoLTV was just a concept until this study calculated it using housing big data and actual housing transaction information. It helps identify the redemption risk through the characteristics of renters and their contracts.

• Journal of the Korean housing association
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• v.26 no.1
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• pp.71-79
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• 2015

This study was aimed to explore housing costs and housing cost burdens of early-career young renter households in Seoul Metropolitan area. Between March 10 and April 24, 2014, an online questionnaire survey was conducted to young professionals in Seoul Metropolitan area living apart from their parents. Among the responses collected, this study analyzed 476 useable responses from renter households. Major findings were as follows: (1) Jeon-se renters' deposit was average 2.24 times their annual income; deposit of monthly renters with deposit was average 6.7 times their monthly income and their monthly rent was 18.6 percent of their monthly income; and monthly rent of monthly renters without deposit was about 23 percent of their monthly income; (2) thirty percent of the respondents were found to have housing cost burden paying 25 percent or more of their income for rental costs; and (3) about 55 percent received parental supports to pay current housing costs. The study findings implies that it is critical to extend provision of affordable housing units with small or no deposit for beginning-stage professionals.

• Journal of the Korean housing association
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• v.23 no.1
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• pp.9-17
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• 2012

The purpose of this study is to understand the factors that influence residents' satisfaction with their housing. Resident's satisfaction is mainly influenced by two factors - one that pertains to housing and the other as per characteristics of the individual. Housing-related factors include housing types, housing tenure types, and size of floor space. Individual-related factors include household income, size, and education level. This study shows how both factors influence residents' satisfaction. Residential satisfaction is affected by the type of housing tenure (own, chonsei and monthly rent) and housing (detached housing, apartment and multi-family housing). Residential satisfaction of home owners is greater than that of chonsei renters or monthly renters. Residential satisfaction of chonsei renters is greater than that of monthly renters. Satisfaction of apartment residents is far greater than that of detached housing residents or multi-family housing residents. There is no difference in residential satisfaction between detached housing and multi-family housing residents. As total household labor income, household member, and residential area increase, residential satisfaction increase. Residential satisfaction of countryside residents is greater than that of metropolitan residents.

• Journal of the Korean housing association
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• v.26 no.6
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• pp.43-52
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• 2015

The purpose of this study was to explore housing value clusters of young renters in South Korea and their relationships to household and housing characteristics reflected in the 2012 Korea Housing Survey (KHS). The 2012 KHS microdata was used as secondary data. Among the households included in the microdata, 1,196,144 young renter households (between 20 and 34 years of age) in private rental units were analyzed. The main findings are as follows. Ten rating scale items measured housing values. Eight of them were grouped into three value factors: Investment, Affordability and Cost Increase. Using these three value factors and perception of homeownership, households were classified into four clusters: Prospective Home Investor, Settled Renter, Homeowner Wannabe, and Support Needed. The current tenure types, income and expectation for next tenure types of four housing value clusters of young renters reflected Korea's tenure ladder which has home ownership at top followed by Jeon-se rental, monthly rental with deposit and monthly rental without deposit. The households in Prospective Home Investor and Homeowner Wannabe clusters would consider home purchase in the near future. Finally, households in Support Needed Cluster would be the main target to consider in development and implementation of housing welfare policies and programs to resolve housing problems of young renters, including beginning-stage professionals.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.6_3
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• pp.1293-1302
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• 2022

The relationship between homeownership and participation in giving and volunteering overall indicates that homeowners are more likely to give and participate in volunteering organizations than renters. This study compared 'giving and participation in volunteering between homeowners(n=6,078) and renters(3,587) in the 14^th Korean Welfare Panel Survey data collected in 2019. The outcome measure of study is a binary outcome of giving and volunteering participation. This study accounted for a bias arising from selection on observables. Specifically, this study employed a recursive bivariate probit model to simultaneously estimate respondents' participation in giving and volunteering participation and their selection of homeownership. Findings from this study have provided some evidence that homeowners and renters have different behaviors in giving and volunteering participation. Finally, issues relating to homeownership and social outcomes were discussed. Implications for social work practice and research were further discussed.

• Fashion & Textile Research Journal
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• v.22 no.6
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• pp.777-788
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• 2020

Growth in the sharing economy and sustainability have grown has influenced collaborative consumption that values usage rather than ownership. Collaborative fashion consumption platforms have become a rapidly growing business and need to be investigated. A theoretical review and case study were conducted to analyze the typology of collaborative fashion consumption consisting of renters, lenders, and platforms. Applying the nascent literature of partial organization, this paper outlines a typology, user-driven types in which lenders take responsibility to manage rental products and platform-driven types in which platforms are in charge. Four representative cases such as Hurr Collective, Villageluxe, Wardrobe, and Closetshare were selected in order to derive the roles of collaborative fashion consumption platforms. First, it is critical to balance between renters and lenders in collaborative fashion consumption platforms. Second, it is imperative to establish trust about the platform and formulate mutually understandable guidelines. Third, the concept of lenders needs to be broadened to individuals as well as fashion brand companies. Fourth, it is necessary to improve interaction between renters and lenders in platform-driven types. This study represents one careful step to understand collaborative consumption platforms that also provides managerial and academic implications.