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Seoul city to spend 850 million U.S. dollars a year to increase housing support for newlyweds Updated: 2019-10-29 10:05:05 KST

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The Seoul City Government plans to spend two and a half billion U.S. dollars over three years on housing support for newlyweds.
The funding is set to begin next year, with 8-hundred-50 million dollars to be spent annually.
It's expected to help roughly 25-thousand couples each year for their first seven years of marriage.
The plan includes lowering the standard for financial support so that couples with a combined annual income of under 85-thousand dollars instead of the previous 68-thousand can apply for low-interest loans.
Reporter : jhee@arirang.com
KOGL : Korea Open Government License
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