Other Sections Stats Archives | Page 2 of 2 | Be Korea-savvy

Archive by category Other Sections Stats

Residents of Seoul’s Gangnam District Have Highest Average Salary

Residents of Seoul’s Gangnam District Have Highest Average Salary

SEOUL, Aug. 25 (Korea Bizwire) — Seoul’s affluent Gangnam District has the highest average salary per resident among all cities, counties and districts in the country, a lawmaker said Wednesday. Rep. Kim Hoi-jae of the main opposition Democratic Party analyzed the Annual National Tax Statistics report, which showed that each Gangnam resident made an average [...]

Unreturned Deposits for Home Rentals Hit Record High in 1st Half

Unreturned Deposits for Home Rentals Hit Record High in 1st Half

  SEOUL, July 12 (Korea Bizwire) — The value of unreturned deposits for “jeonse” home rentals is increasing year after year, hitting an all-time high in the first half of this year, data showed Monday. Under South Korea’s decades-old jeonse system, tenants pay a large lump-sum deposit, known as key money, to the landlord, which [...]