South Korea had 150,233 construction-type public rental homes at least 30 years old as of the end of August, according to data submitted by Korea Land & Housing Corporation (LH) to Rep. Yoo Sang-bum of the People Power Party, a member of the National Assembly's Land, Infrastructure and Transport Committee. The figure was 12.6 times the 11,906 units recorded in 2020, while the share of aging homes rose to 15.62% from 1.42%. The 137 affected complexes included 17 in Seoul, 19 in Gyeonggi Province, 10 in Busan and nine in Daegu. Residents, many of them older adults, people with disabilities and other vulnerable groups, face risks involving corroded drainage pipes, broken boilers, deteriorating stairways and elevator failures. LH's renovation budget fell to 125 billion won this year from 369.9 billion won in 2022. Of the 125 billion won budget, 70.4 billion won was assigned and just 2.7 billion won spent, an execution rate of 4% against the assigned amount. Yoo called for larger safety-related renovation budgets, comprehensive relocation support and better living conditions. LH attributed the low spending rate to planned rebuilding in first-generation new towns, fewer complexes covered by redevelopment plans and residents' refusal to relocate, saying spending had accelerated since the second half of this year.