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S. Korea’s Top 100 Real Estate Investors Own More than 20,000 Homes

S. Korea’s Top 100 Real Estate Investors Own More than 20,000 Homes

SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s top landlords own more than 20,000 homes, data showed Thursday. Rep. Kim Hoi-jae of the Democratic Party referred to a Statistics Korea report indicating that the 100 South Koreans with the largest real estate holdings owned a total of 20,689 homes as of 2020. Jointly owned homes [...]

Gov’t to Buy and Rebuild Semi-basement Apartments as Above-ground Homes

Gov’t to Buy and Rebuild Semi-basement Apartments as Above-ground Homes

SEOUL, Sept. 28 (Korea Bizwire) — The government on Tuesday announced a plan to buy semi-basement homes with a high risk of being flooded and rebuild them as above-ground homes. To this end, the government plans to provide a variety of support aimed at helping underground dwellers move to above-ground homes. According to the Ministry [...]

Seoul to Weed Out Basement, Semi-basement Homes Following Flooding Deaths of Family

Seoul to Weed Out Basement, Semi-basement Homes Following Flooding Deaths of Family

SEOUL, Aug. 10 (Korea Bizwire) — The city government of Seoul will no longer give permission to construct basement or semi-basement homes, while pushing to gradually weed out existing subterranean homes, officials said Wednesday. The plan follows the deaths of three family members in a flooded semi-basement home in Seoul’s Gwanak district Monday night when [...]