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HUD Secretary Fudge To Update Memorandum Of Understanding In Bilateral Meeting With Korean Minister

HUD Secretary Marcia L. Fudge met with the Korean Minister of Land, Infrastructure, and Transport to discuss collaboration and update the Memorandum of Understanding on public housing.

July 19, 2023

Washington- HUD’s Secretary, Marcia L. Fudge held bilateral talks with the Korean minister of land, infrastructure, and transport named Won Hee-ryong along with the Korean ambassador and other officials from both HUD and the Republic of Korea.

The discussions done in the talks were centered around the two countries’ urge to update the memorandum of Understanding (MoU) between the United States and the Republic of Korea signed back in 2014. The memorandum encourages the exchange of information on research and programs, especially for low-income families and individuals. In addition to this, it also includes housing market stabilization policies and sustainable urban development policies.

HUD’s Secretary Marcia L. Fudge said, “The United States and the Republic of Korea have much to share. The discussions today show our continued commitment to collaborating with our allies in Korea. We are here to support and learn from our respective research on affordable housing and develop successful strategies to shape our policies and programs.”

Both states share a long history of cooperation based on mutual trust, human rights, common strategic interests, and an enduring friendship. All the regional and global threats to the countries will be dealt with together by these two countries to strengthen their economies.

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Department of Housing and Urban Development. “HUD Secretary Fudge held a Bilateral Meeting with the Korean Minister of Land, Infrastructure, and Transport”. HUD, January 6, 2023,
HUD Secretary Fudge held Bilateral Meeting with Korean Minister of Land, Infrastructure, and Transport | / U.S. Department of Housing and Urban Development (HUD)

Last Updated: September 20, 2021