Growth of Housing Costs Hits 5-year High in 2018

SEOUL, Mar. 11 (Korea Bizwire) — Growth of South Korea’s housing-related outlays reached a five-year high in 2018 due mainly to severe cold waves and scorching heat, central bank data showed Monday. Local households spent 148.4 trillion won (US$131 billion) on heating, water use and rent last year, up 4.3 percent from a year earlier, [...]