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 [...]
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, 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 [...]
SEJONG, Aug. 22 (Korea Bizwire) – The government claimed credit Tuesday for its latest real estate policy bringing down housing prices in Seoul. The price of a home in Seoul was up 0.33 percent in the fifth week of July, just ahead of the government announcement of the new policy on Aug. 2, the Ministry [...]
SEOUL, Aug. 18 (Korea Bizwire) – South Korean construction companies’ domestic orders rose nearly 15 percent on-year in the first half of the year on a robust housing market and increased fiscal spending, a trade group said Friday. According to the Construction Association of Korea, local builders clinched orders worth a combined 79.3 trillion won [...]
SEOUL, Aug. 9 (Korea Bizwire) — Naver is continuing its efforts to venture out into other fields, with the latest goal being a mobile property service after being accused of trying to dominate the desktop online property industry. Despite the South Korean online search giant’s official stance that it will remain as an open platform for [...]
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 [...]
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 [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s real estate investors may move their money to the stock market following tough government measures to cool the overheating housing market, analysts said Friday. In a desperate bid to rein in soaring apartment prices, the government unveiled a package of measures Wednesday, including the designation of areas [...]
SEOUL, Aug. 3 (Korea Bizwire) – South Korea’s stricter lending rules will likely affect about 400,000 potential mortgage borrowers in “speculative districts” in Seoul and the administrative capital of Sejong in the second half of the year, officials said Thursday. In its latest bid to rein in the overheating housing market, the government Wednesday designated [...]