Nam District said it completed consultations with the Ministry of Health and Welfare on changes to the social security system, allowing the program—described by the district as the first of its kind in Daegu—to extend beyond home purchases to reflect newlyweds’ housing needs. The district said it will abolish the age limit, expand the definition of newlyweds to couples within 10 years of marriage from the current seven, and raise income and housing-price thresholds.
For home purchases, the combined annual income cap will rise to 130 million won from 100 million won, and the home price limit will increase to 650 million won from 600 million won. Under the new jeonse category, eligible applicants are households living in homes with deposits of 300 million won or less and exclusive floor area of 85 square meters or less, with combined annual income of 75 million won or less.
Applications will be accepted online through Daegu’s civil service and public contest home service from June, between the first and 15th of each month, excluding May and November. Selected households can claim interest support twice a year, receiving up to 250,000 won a month, or 3 million won a year, for up to three years, for a maximum of 9 million won.
Nam District Mayor Cho Jae-gu said the expansion to jeonse and the eased standards reflect newlyweds’ varied housing situations. He said the district will continue refining the policy so that meaningful relief in housing costs can help attract residents and improve settlement conditions.
* This article has been translated by AI.
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