The Seoul Metropolitan Government on Thursday unveiled proposed changes to the city's basic development plan, which would boost housing supplies by encouraging the redevelopment of apartment complexes and residential areas.
The campaign promise is seen as aligning the party's policy with President Yoon Suk Yeol's, as burying railroads underground has been one of the president's key initiatives, particularly amid tensions that arose between the two last week
In order not to be the “fool in the shower” by flip-flopping between hot and cold water, authorities must steer the policy well so that it does not cause any unwanted side effects in the volatile housing market.
President Yoon Suk Yeol said guidelines for selecting redevelopment projects, which currently gauge safety risks, must change to prioritize housing depreciation to prevent residents' living conditions from deteriorating.
The Hoam Art Hall in Jung District, central Seoul, will be transformed into a concert hall for classical music equipped with the world's leading sound system.
The Seoul city government on Sunday revealed plans to redevelop a rail yard in southern Seoul into a high-tech IT commercial area.
Seoul’s skyline is set to rise higher as residents push to have their buildings demolished and taller buildings put in their place.
The redevelopment of Sibeom Apartments, the oldest apartment complex in Yeouido, western Seoul, has been approved by the Seoul city government, according to officials on Monday.
An excavator demolishes Sampyo’s ready-mixed concrete plant in Seongsu-dong, eastern Seoul, on Tuesday, ending its 46-year history.
Korea JoongAng Daily Sitemap
