Politics · South Korea · 2 hrs ago

South Korea’s ruling party seeks fast passage of housing reform bill

South Korea’s ruling party seeks fast passage of housing reform bill

South Korea’s Democratic Party plans to move quickly on a housing reform bill aimed at increasing supply in Seoul and the surrounding region.

The bill would amend the Urban and Residential Environment Improvement Act.

The party discussed the legislation at a meeting involving the Land, Infrastructure and Transport Ministry and lawmakers on the National Assembly’s land and transport committee.

The People Power Party is not expected to use a filibuster to delay the bill.

The proposed changes matter because they are intended to expand housing supply in the capital region.

The Democratic Party says it will seek to process the bill as quickly as possible.

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