South Korean government announces plans to increase housing supply in Seoul

The South Korean government has announced a policy to increase housing supply in the Seoul area by redeveloping public land. This comes as data shows fewer residents are leaving Seoul, with a net inflow of young adults into the city.

Separately, Seoul's stock market hit another record high, with the KOSPI index nearing 4,600 points. In international relations, Seoul officials reassured Washington about their commitment to a trade deal after the U.S. made a tariff threat.