SEOUL, May 20 (Korea Bizwire) — The spread of contactless transactions following the onset of the coronavirus pandemic is changing the landscape of the market for so called ‘proptech’ firms, those dealing with technology purpose-built for the real estate market. Zigbang Co., South Korea’s top real estate info application, recently introduced a 3D apartment complex [...]
SEOUL, March 3 (Korea Bizwire) — Apartment prices in Seoul have continued to rise under the Moon Jae-in government, except for four months, despite a string of measures to stabilize the market, a civic group survey showed Wednesday. Such a policy failure has sharply widened the gap in the values of assets owned by homeowners [...]
SEOUL, Feb. 26 (Korea Bizwire) — Starting from next year, new apartment developers in South Korea will be required to offer residents electric vehicle (EV) charging stations at 5 percent of the parking spaces in the complex. On Thursday, the government announced plans to set up more EV charging stations at homes and workplaces, taking [...]
SEOUL, Nov. 11 (Korea Bizwire) — Seoul’s apartment prices surged 58 percent during the presidency of Moon Jae-in, which is 4.5 times the increase rate of the combined period of the preceding Lee Myung-bak and Park Geun-hye governments, a civic group said Wednesday. The Citizens’ Coalition for Economic Justice (CCEJ), a leading progressive civic group, [...]
SEOUL, Aug. 3 (Korea Bizwire) — Apartment lease contracts in the South Korean capital of Seoul sank to a nine-year low in July amid tighter rules, municipal data showed Monday. The number of apartment lease contracts, called “jeonse” here, stood at 6,304 in July, the lowest monthly level since data tracking began in 2011, according [...]
SEOUL, June 10 (Korea Bizwire) — Starting in July 2022 at the latest, all construction firms will be required to meet regulations on inter-floor noise before acquiring construction permits. The Ministry of Land, Infrastructure and Transport announced Tuesday that it will require construction firms to pass a test to determine how well each floor blocks [...]
SEOUL, Feb. 7 (Korea Bizwire) — The Wuhan coronavirus is prompting changes to the way South Korean construction companies are selling new apartment units. Jungheung Construction Co., which plans to open sales for an apartment complex in the Wirye New Town in Hanam, Gyeonggi Province, in February, has replaced the typical model house with a [...]
SEOUL, Nov. 22 (Korea Bizwire) — A recent study has revealed that individuals who suffer from a heart attack at a location higher than the third floor of a building have a lower chance of full recovery than those who suffer from the same illness on the first or second floors. Researchers from Kangdong Sacred [...]
SEJONG, Nov. 19 (Korea Bizwire) — The number of apartments owned by households in South Korea came to 9.03 million in 2018, accounting for 59 percent of all homes across the country, government data showed Tuesday. The figures represent a 3.9 percentage-point hike from 8.7 million apartments owned by households in South Korea in 2017, [...]
SEOUL, Oct. 22 (Korea Bizwire) — Over the last five years, radon, a radioactive substance, was reportedly found at thousands of apartment complexes across the nation. The substance was mostly found in construction materials. Rep. Chung Dong-young, based on reports collected from 14 regional authorities, said radon was found in 18,682 households between 2015 and [...]