SEOUL, Aug. 2 (Korea Bizwire) — The number of South Koreans facing housing problems, residing in shacks, vinyl greenhouses, or moving from one accommodation to another without a permanent place to stay, is on the rise. According to data from Statistics Korea, last year saw over 1.83 million household members living ‘outside of a house,’ [...]
SEOUL, Sept. 26 (Korea Bizwire) –A new study has found that young adult couples in their 20s and 30s must save up for more than 15 years without spending a single cent in order to purchase a respectable apartment unit in Seoul. According to Statistics Korea, the average monthly disposable income for households under 39 [...]
SEOUL, April 14 (Korea Bizwire) – One in ten single individuals aged 35 to 64 in South Korea lives under substandard housing conditions, a recent report from the Ministry of Land, Infrastructure, and Transport (MOLIT) revealed. Of a total of around 19 million households, over 5.2 million were single households, the Korea Research Institute for [...]