South Korea has approved amendments to the Public Housing Special Act to stimulate urban housing and public land development.
Key changes include expanded incentives for urban projects and streamlined processes for public land supply.
The revised regulations were approved on June 6, 2024, as a follow-up to the government’s September 2023 housing supply plan.
President Lee Jae-myung has proposed extending capital gains tax relief for multi-home owners.
The extension would allow applications submitted by May 9 to be considered, easing restrictions for sellers.
Regulatory changes are under review, with implementation expected soon.
The South Korean government has announced a 26.2 trillion won supplementary budget to ease the burden of high oil prices.
Key measures include direct payments to low-income households, expanded energy vouchers, and increased K-Pass refunds.
Implementation will proceed in two phases, with details finalized by an interagency task force.
The Ministry of SMEs and Startups is increasing support for small businesses through the April Shopping Festival.
Key measures include raising digital Onnuri voucher discounts to 10% and offering up to 90% off on select goods.
The festival runs nationwide from April 11 to May 10, 2024.
South Korea has announced an ambitious plan to accelerate its renewable energy and electric vehicle targets by 2030.
The policy aims to reduce fossil fuel dependence, expand domestic energy production, and foster green industry growth.
Implementation began in April 2026, with key milestones set for 2030 and beyond.
South Korea has introduced a war supplementary budget and new policy measures.
Key changes include expanded fiscal support, river re-naturalization, and stricter drug driving penalties.
Implementation began in March 2024, with ongoing enforcement and stakeholder engagement.