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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 [...]

Government Scraps Plans to Intervene in Conflict Between Couriers and Apartment Residents

Government Scraps Plans to Intervene in Conflict Between Couriers and Apartment Residents

SEJONG, Apr. 20 (Korea Bizwire) — The South Korean government has scrapped plans to intervene in a conflict between couriers and an apartment complex after local residents banned delivery vehicles from entering in fear of potential traffic accidents. In a statement released Thursday, the Ministry of Land, Infrastructure and Transport said, “We tried to help delivery [...]

Soaring Housing Prices a Conundrum for Homebuyers, Policymakers

Soaring Housing Prices a Conundrum for Homebuyers, Policymakers

SEOUL, Mar. 2 (Korea Bizwire) — Purchasing a home may be the largest-ever financial transaction for many ordinary citizens, such as Han Jung-min, a 40-something office worker who dreams of settling down in the posh district of Gangnam in southern Seoul. The problem facing such first-time homebuyers always boils down to timing — is it [...]