[Bills in Focus] Removing elevated railways, deferring taxation on inherited shares
PoliticsDec 4, 2023
Proposed bill: Special Act on the Transition of Elevated Metro Lines Including Line 1 of Seoul to Underground Lines Proposed by Rep. Lee In-young (Democratic Party of Korea) ● Elevated railways, such as Seoul Subway Line 1, are perceived to be the cause of noise pollution and safety issues. This bill aims to facilitate the implementation of projects to transform elevated railways into underground railways by establishing a dedicated organization and offering subsidies, loans and other incentives