Foreclosures Surge in South Korea as Homeowners Struggle with Mortgage Payments

SEOUL, Aug. 6 (Korea Bizwire) – In a stark reversal of fortune for South Korea’s once-booming real estate market, the number of properties entering foreclosure has skyrocketed, reaching levels not seen in over a decade.  According to government data released on August 4, July saw 13,631 applications for the commencement of voluntary auction registration for real [...]