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Moon Administration’s Urban Renewal-Centered “New Deal” Offered 57 Different Ways

Moon Administration’s Urban Renewal-Centered “New Deal” Offered 57 Different Ways

SEJONG, Sept. 14 (Korea Bizwire) – Glimpses of the future – 57 to be exact – were distributed by the Ministry of Land, Infrastructure and Transport to regional (metropolitan, provincial and special) governments on September 14. President Moon’s “New Deal”, a promise of urban renewal, was one of his core campaign proposals, and the 57 [...]

Young South Koreans Release Counter-Commercial Gentrification Guidebook for Small-Business Owners

Young South Koreans Release Counter-Commercial Gentrification Guidebook for Small-Business Owners

SEOUL, Sept. 11 (Korea Bizwire) – A guidebook outlining ten major points to counter gentrification has been released by a group of young South Koreans in an effort to help small business owners. Going into detail, the book lists a number of the most prevalent behavior patterns of landlords before independent business owners fall victim to [...]

Seoul Housing Prices More Expensive Than London and LA

Seoul Housing Prices More Expensive Than London and LA

SEOUL, Sept. 4 (Korea Bizwire) – A new study has claimed housing prices in Seoul are more expensive than London and Los Angeles, considering the average household incomes in each city. The study released by the Bank of Korea on Sunday shows the average housing price is over 10 times higher than the disposable annual income [...]

South Korea’s Answer to Silicon Valley Sees Rapid Growth

South Korea’s Answer to Silicon Valley Sees Rapid Growth

Gyeonggi Province, Aug. 9 (Korea Bizwire) — Pangyo Techno Valley in Gyeonggi Province is growing rapidly, with annual economic output estimated at 77 trillion won last year. According to data released by the Gyeonggi Provincial Government on Tuesday, more than 1,300 companies had moved into Pangyo Techno Valley, also known as PTV, an industrial complex located [...]

Rich get Richer? Wealthy South Korean Reap Rewards From Real Estate

Rich get Richer? Wealthy South Korean Reap Rewards From Real Estate

SEOUL, Aug. 4 (Korea Bizwire) —The rebound of the real estate market has resulted in hefty profits for affluent South Koreans with property investments, with business income growth hitting a seven-year high thanks to soaring real estate revenue. On August 3, Statistics Korea reported that for the first quarter, those in the upper 20th percentile [...]