SEOUL, Sept. 27 (Korea Bizwire) — Brokerages in South Korea raked in a combined 23.61 billion won (US$16.5 million) in fees from handling stock short selling in the first half of this year, data showed Tuesday. The amount compared with 29.28 billion won they earned from short selling-related fees throughout last year, according to the [...]
SEOUL, Sept. 3 (Korea Bizwire) — Starting from next month, the government will lower the real estate brokerage commission cap. The Ministry of Land, Infrastructure and Transport announced on Thursday that it will issue an advance legislation notice on the revised enforcement ordinance of the Real Estate Agents Act by Sept. 16. The brokerage commissions on real [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korea’s real estate agents are beset by enemies on all sides as they are under increasing pressure from both the government and the public opinion to lower real estate commissions. Consumer complaints are high about real estate brokerage fees, which are set in proportion to a home’s sale [...]