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“Green” Renovations Lead to Significant Energy Savings

“Green” Renovations Lead to Significant Energy Savings

SEOUL, Dec. 23 (Korea Bizwire) — The number of households benefiting from the government’s Green Remodeling Assistance project is increasing every year. The Ministry of Land, Infrastructure and Transport said Sunday that it has achieved green remodeling interest support for 11,000 households this year. This represents an increase of about 18.6 percent compared to 9,278 [...]

Popularity of Share Houses on the Rise as Young S. Koreans Embrace Independence

Popularity of Share Houses on the Rise as Young S. Koreans Embrace Independence

SEOUL, Aug. 8 (Korea Bizwire) — The number of single-bedroom share houses is increasing sharply in line with demand from the millennials, with many young South Koreans prioritizing independence from their parents. According to a survey conducted by the house-sharing portal Come&Stay Co., the number of single-person rooms grew by about 83 percent compared to [...]

44 pct of Unmarried Men and Women Say They Need Their Own House, But Reality Seems Otherwise

44 pct of Unmarried Men and Women Say They Need Their Own House, But Reality Seems Otherwise

SEOUL, May 8 (Korea Bizwire) — More than four out of ten unmarried men and women think they need to own their own house, but they see it as impossible in reality. Such results were published in a report titled “A Study on the Relationship Between the Living Characteristics of Young Adults and Marriage” by [...]

Seoul City to Create Guidelines to Protect ‘Hanoks’

Seoul City to Create Guidelines to Protect ‘Hanoks’

SEOUL, Aug. 3 (Korea Bizwire) – The Seoul city government on Wednesday said it will launch a citywide examination of “hanoks,” or Korean traditional houses, and other buildings in the capital city to set up guidelines on protecting the meaningful architectural works.  The Seoul Metropolitan Government said it will launch the research next month with [...]

Seoulite Couple Needs 28.5 Years to Lease a “Jeonse” House

Seoulite Couple Needs 28.5 Years to Lease a “Jeonse” House

SEOUL, Oct. 30 (Korea Bizwire) – It takes 28.5 years for a newlywed couple to lease a “jeonse” apartment in Seoul, according to the Citizens’ Coalition for Economic Justice which analyzed data from Kookmin Bank, Statistics Korea and the Ministry of Employment and Labor. Houses in capital regions such as Gyeonggi Province and Incheon City take [...]