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.
Related stories
South Korea · Oct 25, 2026
South Korea's president orders a housing 'supply blitz' as Seoul-area targets slip
South Korea · Aug 23, 2026
Seoul's mayor defends redevelopment as the city's only large-scale route to new housing
South Korea · Aug 17, 2026
South Korea targets 230,000 new homes around Seoul — cuts the site-to-shovel timeline from 68 to 37 months