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Gyeonggi Province Supports Electronic Voting System for Apartment Complexes

Gyeonggi Province Supports Electronic Voting System for Apartment Complexes

SUWON, Nov. 7 (Korea Bizwire) — The Gyeonggi Provincial Council’s Urban Environment Committee passed a bill on the revised ordinance on managing and supporting apartment complexes in Gyeonggi Province. The bill involves subsidizing a certain portion of the costs being paid to mobile carriers when using smartphones to electronically vote to determine or change the [...]

First Apartment Complex in S. Korea Coated with Fine Dust Fighting Paint

First Apartment Complex in S. Korea Coated with Fine Dust Fighting Paint

SEOUL, Oct. 31 (Korea Bizwire) — The first apartment complex in South Korea armed with an air filtering function has made its reveal. The Seoul Housing & Communities Corp. (SH) painted the exterior of an apartment complex in Seoul with a type of photocatalyst paint that helps remove nitrogen oxide and sulfur oxides, the main [...]

80,000 Individuals Own 5 or More Housing Units Leased to Tenants

80,000 Individuals Own 5 or More Housing Units Leased to Tenants

SEOUL, Oct. 5 (Korea Bizwire) — A survey has found that 80,000 South Koreans own five or more housing units that are being rented out to tenants. According to an analysis by Liberty Korea Party Rep. Kim Sang-hoon of data provided by the Ministry of Land, Infrastructure and Transport (MOLIT), 6.14 million people owned a [...]

Apartment Fever Grips S. Korea

Apartment Fever Grips S. Korea

SEOUL, Oct. 5 (Korea Bizwire) — A 41 year-old office worker earned a windfall of 80 million won (US$71,000) over a canceled apartment transaction, a case that underscores the recent rapid surge in home prices in Seoul. The salaried worker of a major South Korean conglomerate made a down payment of 10 percent of the [...]

Fake Divorces Emerge as a Way to Buy an Apartment on the Cheap

Fake Divorces Emerge as a Way to Buy an Apartment on the Cheap

SEOUL, Jul. 27 (Korea Bizwire) — A middle-aged South Korean woman got married to and divorced from the same man twice, a rare occurrence in most parts of the world. But the couple’s on-again, off-again relationship may have been motivated by more than just their feelings for each other: The couple’s fake divorce appears to [...]