SEJONG, Dec. 15 (Korea Bizwire) – The home ownership rate in South Korea came to 56 percent in 2015, data showed Thursday. According to the annual data by Statistics Korea, 10.06 million households out of 19.11 million in the country owned homes as of Nov. 1, 2015. The latest data indicated that 44 percent of [...]
SEOUL, Nov. 25 (Korea Bizwire) – Daelim is set to become the first local construction firm to make use of sound design in an apartment complex. Sound design refers to the process of specifying, manipulating, and producing sound elements to achieve a specific effect or mood. Although it is most associated with sound recording and [...]
SEOUL, Oct. 25 (Korea Bizwire) – Korea is seeing a rising number of studio apartments built with “smart” features based on IoT, with the growing popularity of smart homes. According to construction industry watchers, these IoT-equipped efficiency apartments, also referred to as officetels in Korea, are particularly popular among members of the younger generation in their [...]
SEOUL, Sept. 1 (Korea Bizwire) – The social implications of smoking have grown higher in recent years. With the government almost doubling cigarette prices in 2014 and major cities banning smoking on main streets, near subway station exits, and bus stations, smokers in Korea are likely feeling increasingly unwelcome. However, some experts are pushing for [...]
SEOUL, Aug. 8 (Korea Bizwire) – Nearly half of new apartment units in Seoul are smaller than 60 square meters, industry data showed Monday, reflecting the trend that more people prefer smaller housing. Of 15,980 apartment complexes built between January and August of this year, 45.1 percent, or 7,205 units, have a total floor area [...]
SEOUL, July 5 (Korea Bizwire) – Saying “hello” to neighbors may be a relic of a bygone era. But when neighbors start suing each other, or worse, stabbing each other, it’s a whole different story. A 33-year-old man, referred to only as Kim, stabbed an elderly couple that lived upstairs at a 23-storey apartment building [...]
SEOUL, June 27 (Korea Bizwire) – As the city of Seoul has recently established a ‘Seoul Resident Grievance Center’ at the Seosomun local government office to resolve conflicts between residents due to inter-floor noise in apartment buildings, the construction industry is also coming up with specialized designs to minimize the transmission of noise between floors. According [...]
INCHON, Dec.28 (Korea Bizwire) – A plan to build an apartment for foreign professors in the Songdo International Business District will be pushed forward. According to the local office of Incheon Free Economic Zone, a plan to build an apartment exclusively for foreign professors, will be laid out due to the increase in the number [...]
GEOJE, Aug. 20 (Korea Bizwire) – Amid the rising concern over pleasant residential environments, the first apartment complex to be built directly adjacent to a golf course is coming to southeastern Geoje Island, the famous home of Korea’s largest shipyards. GS E&C announced that it would build an apartment complex with 783 households at Geoje [...]
SEOUL, July 29 (Korea Bizwire) – To purchase an apartment unit in Seoul, one would have to save their entire income for more than seven years. In its report on the current status and future prospects of the 2015 Real Estate Market released on July 28, the Korea Appraisal Board talked about the amount of time [...]