SEOUL, June 1 (Korea Bizwire) – Only a few years ago, the single most important factor in the popularity of an apartment was its proximity to education institutions. ‘Cho-Pum-Ah’ for instance, a Korean abbreviation for ‘apartment that embraces an elementary school’, enjoyed high popularity among apartment seekers for exactly this reason. And yet, with a well-established [...]
SEOUL, May 20 (Koreabiz Wire) – Foreign ownership of land in South Korea grew slightly last year compared to 2014 amidst increasing Chinese investment in the southern resort island of Jeju, said a government official Friday. In total, some 20.6 million square meters, or 1.1 percent, of Jeju Island is owned by foreigners. According to the [...]
SEOUL, April 14 (Korea Bizwire) – Research indicates that as housing prices rise, people tend to have children at an older age or not have any children at all. The results of a recent study suggests that policies tied to housing prices could effect the birthrate. A recent report issued by the Korea Institute for [...]
JEJU, April 11 (Korea Bizwire) - If you think of Jeju Island as just a laid back vacation spot or a place for fishermen and tangerine growers, give it a second look. This southern resort island known for its scenic beach and volcanic landscape has drawn a huge influx of Chinese travelers over the past five years [...]
SEOUL, April 6 (Korea Bizwire) – Korean prosecutors have launched an investigation into lawyers who have stepped into the real estate business. It seems like the second round has started in the battle between lawyers and realtors over a market worth two trillion won. The Seoul Central District Prosecutor’s Office announced that it had assigned the ‘Trust [...]
SEOUL, March 18 (Korea Bizwire) – An inconspicuous cafe near Gyeongbok Palace in central Seoul might be a typical place where customers would enjoy coffee or small talk with their friends over a cup of tea after lunch in the neighborhood. What draws the eye, however, is that it changes into a different shop at night [...]
SEJONG, March 16 (Korea Bizwire) – Statistics Korea has announced the launch of a new service called ‘Neighborhood I’d Like to Live in’, that makes use of statistical geographic information system (SGIS) data. The service provides useful information that can help homebuyers decide where to live. An individual know as ‘Lee’, who lived in Seoul for [...]
CHUNCHEON, March 14 (Korea Bizwire) – Gangwon Province is prolonging the effective period of the Real Estate Investment Immigration Act at the Alpensia resort in Pyeongchang. The Real Estate Investment Immigration Act was part of a strategy to attract foreign capital investment and successfully host the 2018 Winter Olympic Games. In 2011, Alpensia was designated as one [...]
SEJONG, March 14 (Korea Bizwire) – South Korea’s home sales plunged 24.9 percent last month from a year earlier as the local property market has shown some signs of a slowdown, government data showed Sunday. The number of home transactions reached 59,265 in February compared with a record 78,864 tallied a year ago, according to [...]
SEJONG, Feb. 22 (Korea Bizwire) – South Korea’s official average land prices rose at the fastest clip in six years in 2015 amid government-led property market boosting measures, government data showed Monday. Government-set land prices in the country’s 252 cities and districts rose 4.47 percent from a year earlier, slightly up from the previous year’s [...]