SEOUL, Jan. 18 (Korea Bizwire) — Six out of ten South Korean households believe one household needs one home, regardless of age or income level. As long as the housing environment is stable, respondents were even willing to get a lease or pay monthly rent to live in a home. The Korea Housing Finance Corp. [...]
SEOUL, Dec. 4 (Korea Bizwire) — Despite soaring real estate prices across South Korea, income levels have remained stagnant, making the purchase of a home even more of an unachievable “dream.” Real estate assets account for 68.2 percent of all assets on average for Koreans. This means that volatility in the real estate market can [...]
SEOUL, Mar. 28 (Korea Bizwire) — Couples who purchase a home or live rent free early on in their marriage tend to have more children, a report showed Wednesday, indicating a correlation between housing and family planning. According to the report by Korea Institute for Health and Social Affairs, 54.7 percent of newlyweds live in [...]
SEOUL, March 16 (Korea Bizwire) – DIY interior design, or self-interior design, is trending among South Koreans. According to market research firm Nielsen Korea, the number of online mentions of “self-interior” related to “moving” on online communities and SNS platforms doubled from a monthly average of 5,256 in 2015 to 10,460 in 2016. Although “to [...]
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, 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 [...]