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Jeju Construction Companies Facing Crisis with More than 1,200 Homes Unsold

Jeju Construction Companies Facing Crisis with More than 1,200 Homes Unsold

JEJU, Apr. 23 (Korea Bizwire) — Construction companies are facing the consequences of the decline in the real estate market on Jeju Island, as an increasing number of houses are sitting empty without buyers. Jeju Province announced on Monday that as many as 1,271 residences were left unsold this year. The number of unsold homes [...]

S. Korean Government Announces Development of Housing Registration Numbers

S. Korean Government Announces Development of Housing Registration Numbers

SEOUL, Jan. 22 (Korea Bizwire) — The Ministry of Land, Infrastructure, and Transport and the Korea Appraisal Board on Monday announced that they are developing a ‘housing registration number’ that assigns unique numbers to all South Korean homes. Housing registration numbers are similar to resident registration numbers, except they reference houses instead of people. The [...]