“Park Kyung-hye showed her life in a Gangnam studio apartment”... Now she’s applying for a rental apartment

[Financial News] Actress Park Kyung-hye, who previously shared what it was like living in a 6-pyeong studio apartment in Seoul’s Gangnam district, has applied for public rental housing offered below market rates. She said she confirmed that she was eligible to move in and completed the second-round application for long-term-vacant apartments.
Details of Park Kyung-hye’s housing situation emerged in a video recently posted on the YouTube channel “Hyeri,” titled “Please Help NF Kyung-hye, Who’s in Trouble!!!!!”
In the video, Hyeri asked Park Kyung-hye what she had done that day. When Hyeri asked, “What did you do today?”, Park replied, “I went to the eye doctor, then the ENT, and it was the day to apply for a long-term-vacant apartment.”
After hearing Park Kyung-hye mention hospital visits and then the word “janggi” (long-term), Hyeri said she had mistakenly thought it meant internal organs, prompting laughter.
Park Kyung-hye explained that she had been talking about the housing application schedule. “It was the day to apply in the second round, so I went and submitted it,” she said, confirming that she had completed her application.
Park Kyung-hye has previously shown her living space. She shared glimpses of her everyday life in a 6-pyeong studio apartment in Seoul’s Gangnam district on YouTube and variety shows.
She also explained how the housing is made available. Acknowledging that she did not know the system in detail, Park said, “The government offers apartments at prices below prevailing market rates if the previous residents move out and the apartments then go unrented for six months or longer.”
She also discussed the rent and eligibility requirements. “If you pay a higher deposit, you can lower the monthly rent,” she said, adding, “I met the requirements to apply, so I did.”
Hyeri asked whether applying for a long-term-vacant apartment worked in a way similar to the housing subscription system. Park Kyung-hye said it did, and that she had taken part in the second-round application because she was eligible.
However, Park Kyung-hye has only disclosed that she completed the application. It is not known whether she was selected to move into a unit.
Long-term-vacant purchased rental housing is a program that offers homes below market rates when they have stood empty without tenants for a certain period. According to the Seoul Housing & Urban Development Corporation (SH Corporation), eligible homes are existing purchased rental units that have remained vacant without tenants for six months or longer. Some eligibility requirements are relaxed, and the units are offered at 50% to 70% of prevailing market rates.


[email protected] Han Seung-gon Reporter