SEOUL, Aug. 23 (Korea Bizwire) — About one-third of households in South Korea with members in their 30s and 40s, along with children, purchased their initial home before marriage, a government think tank said Tuesday. The Korea Research Institute for Human Settlements conducted a survey involving 3,042 households whose members fall within the age range [...]
SEOUL, Aug. 23 (Korea Bizwire) — Foreign nationals without a registered address or residence in South Korea must now appoint a trustee and provide their personal information when purchasing a house, the land ministry said Tuesday. The Ministry of Land, Transport and Maritime Affairs announced that it will enact and enforce the updated enforcement ordinance [...]
SEOUL, June 5 (Korea Bizwire) — About one out of every 4 South Korean households owns pets, which typically stay at home for an average of 5 hours per day, a report showed Sunday. The report, published by the management institute of KB Financial Group Inc., revealed that there were 5.52 million households with pets [...]
SEOUL, March 29 (Korea Bizwire) — With the exposé of foreigners living in harsh environments following news reports of various incidents, local governments and authorities are stepping up to come up with preventive measures. Last Monday, four young Nigerian siblings were killed in a fire that engulfed a three-story residential building in Ansan, south of [...]
SEOUL, Dec. 23 (Korea Bizwire) — The top 100 South Koreans owning the largest number of homes have purchased close to 2,000 more homes in the last 12 months, data showed Thursday. Rep. Kim Hoi-jae of the Democratic Party referred to a Statistics Korea report indicating that the top 100 home owners owned 22,582 residences [...]
SEOUL, Dec. 22 (Korea Bizwire) — Home-owning young South Koreans have more positive views toward marriage than those who do not own a home, the statistics agency said Wednesday. Statistics Korea analyzed the statistical data of the unmarried South Korean population between the ages of 19 and 34 as stipulated in the Social Survey 2020, [...]
SEOUL, July 21 (Korea Bizwire) — The number of real estate rental contracts shot up in Seoul this year amid an unprecedented drop in the real estate transaction market, data showed Wednesday. According to statistics from the National Court Administration, the number of real estate lease contracts signed in the first half of this year [...]
SEOUL, May 12 (Korea Bizwire) — Former President Moon Jae-in, after finishing his five-year term, returned to his retirement home on Tuesday, beginning his first day as an ordinary citizen. Moon returned to his private residence in Pyeongsan Village in the southeastern city of Yangsan to a warm welcome from his supporters, spending his first day [...]
SEOUL, May 10 (Korea Bizwire) — The pandemic has changed people’s perceptions about housing spaces, a survey showed Monday. Real estate app Zigbang conducted a survey of 750 app users, 61.7 percent of whom said COVID-19 had altered their preferences when it came to choosing a place to live. Among the respondents, the most important [...]
SEOUL, May 6 (Korea Bizwire) — The majority of children come home after 6 p.m. on weekdays, and close to a half of them enjoy less than two hours of free time, a recent survey showed. The Korean Teachers and Education Workers Union conducted an online survey of 1,841 children in 4th to 6th grades, [...]