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Next, let's look at what is public-participation reconstruction. There are many places in Seoul where you want to rebuild, but the permits are not very good. If such apartment complexes are renovated with Land Corporation or Seoul Housing City Corporation, they will increase the floor area ratio up to 500% and build the apartment up to 50 stories. Instead, the government believes that more than half of the households will be donated and used for public lease and public sale. To do this, two-thirds of the landlords must agree.

Reporter Jeong Seong-jin pointed out how many apartments will participate here and the effectiveness.

<Reporter> The

government plans to supply 50,000 homes for high-density reconstruction with public participation.

There are 260,000 housing complexes in 93, the initial stages of reconstruction projects in Seoul, and this is expected to be around 20%.

In the case of a reconstruction complex, if the existing floor area ratio increases from 300% to 200% points, even if you donate half of the donations, you will get 100% profit.

However, it is unclear how many complexes will actually participate.

The government announced that it would return up to 90% of expected profits, such as receiving contributions of up to 70%, and complaints about the increase in the proportion of public rentals and public distributions may appear. Is that you can.

[Songpa OO Apartment Reconstruction Association Officials: Excess profits or profits from rebuilding (you have to solve the part), it is nonsense to say that you will recover up to 90%. There are also those who oppose rental housing and avoid it. .]

[Housing maintenance company officials: Many (reconstruction) complexes are going to judge the policy by tapping on the calculator more… .] In the

end, there is a concern that the supply price of Gangnam could be stimulated again as the supply is not secured as expected.

[Lee Jae-man / Professor of Real Estate, Sejong University: The place where the reconstruction is good (Gangnam) is also good, and the place where it is not (Gangbuk) is unlikely. Reconstruction has always had this kind of problem driving the house price around… .] In

particular, Seoul announced that it did not approve of the public reconstruction plan, which had an in-permission right within half a day of the government's announcement.

[Kim Seong-Bo/ Head of Housing Construction Headquarters, Seoul: There are some practical questions about whether or not the private sector can participate. From the beginning, Seoul City was not in favor of it… .] As the

controversy grew, the city of Seoul explained that it was not against the business itself, but the government and the city co-ordinated policy problems.

(Video editing: Seon-tak Kim, VJ: Min-gu Jung)