Korea increases newborn priority rate for newlywed couple housing supply (Chosun/29 Dec 2024)

Chosun Biz reports that the government is increasing housing support for newlywed couples with newborns, raising their priority supply rate in private housing from 20% to 35%. This follows measures to combat low birth rates announced in June, aiming to strengthen support for families with young children. The amendment reallocates supply ratios, reducing priority for childless newlywed couples to focus on households with newborns, with up to 16,100 housing units expected to benefit annually under the revised plan.