Housing & Planning · Housing supply

Seoul: 3-trillion-won supplementary budget — housing vouchers, AI education, senior-friendly high streets

South KoreaEast AsiaOn the globe

Seoul passed a supplementary budget of nearly 3 trillion won (~£1.6bn) covering housing, AI education and public safety: housing vouchers extended to low-income university students, penalty points removed for families reapplying for public housing after marriage or childbirth, and "Senior Companion Stores" subsidising accessibility upgrades rather than mandating them.

A conservative-run megacity using allocations policy and small-business incentives, not mandates, for pro-family and ageing-society goals — the marriage/childbirth allocations tweak is a concrete, costless lever UK councils could copy.

Source
Korea JoongAng Daily

Summary by WorldPolis. Cite the original source.

Related stories