SEJONG, Jan. 9 (Korea Bizwire) – A recent study conducted by the Korea Research Institute for Human Settlements reveals stark disparities in healthcare and education access between high and low-cost housing areas in Seoul. The study, released on January 8, indicates that the number of medical clinics or hospitals and doctors per capita is significantly lower [...]
SEOUL, Oct. 10 (Korea Bizwire) – The share of gifted properties in the housing transaction market continues to decline. According to housing transaction statistics compiled by the Korea Real Estate Board on Sunday, the nationwide share of gifted properties in housing transactions was 6.8 percent in August, the lowest since June 2020 when the figure was [...]
SEOUL, Jan. 4 (Korea Bizwire) — Home prices in South Korea are cooling at a jaw-dropping clip amid soaring borrowing costs and an economic slowdown, portending that indebted home owners may face the toughest-ever challenge this year and Asia’s fourth-largest economy may suffer a decline in private spending. The country’s apartment prices nationwide fell 0.76 [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea will supply 114,000 public ‘jeonse’ houses by 2022 to help tackle a shortage of the two-year contract-based rental homes, the transport ministry said Thursday. The government plans to purchase existing homes to convert them into public jeonse houses mainly for the underprivileged who have difficulties in finding [...]
SEOUL, Oct. 22 (Korea Bizwire) — Those who pay monthly rent for housing are less likely to get married than those who own their own home, a recent study revealed. The Korea Economic Research Institute (KERI) released a report Wednesday that analyzed the correlation between factors related to housing and marriage or birth based on [...]
SEOUL, Feb. 24 (Korea Bizwire) — The Seoul Metropolitan Government is seeking to promote the mental health of young people, whose stress index is the highest among all generations. According to the Health Insurance Review and Assessment Service, the number of individuals with depression in their 20s who received hospital treatment last year rose by [...]
SEOUL, Feb. 4 (Korea Bizwire) — As the number of single-person households increases, especially for men and women in their 40s and 50s, the need to come up with appropriate housing measures has been voiced. The Korea Research Institute for Human Settlements suggested in a recent report that housing policies should be reset to reflect [...]
SEOUL, Sept. 24 (Korea Bizwire) — The number of homes in South Korea has increased by nearly 5 million over the past decade and more than half of them have been purchased by buyers who already own at least one home, according to a report released Tuesday. The Citizens’ Coalition for Economic Justice (CCEJ), an [...]
SEOUL, Aug. 23 (Korea Bizwire) — The Seoul Metropolitan Government plans to carry out a construction project known as the Compact City to offer homes to younger Seoulites by redeveloping traffic islands, old sites used by rainwater pump stations, and other unused public property. The Seoul Housing and Communities Corp. (SH) announced on Thursday a [...]
SEOUL, Aug. 21 (Korea Bizwire) — As the use of eco-friendly wood in timber houses and interior designs has increased recently, attention is being paid as to whether phytoncides are being emitted from the processed wood. The Korea Forest Research Institute (KFRI), an affiliated organization of with the Korea Forest Service, analyzed volatile substances that [...]