SEOUL, Jan. 18 (Korea Bizwire) — Six out of ten South Korean households believe one household needs one home, regardless of age or income level. As long as the housing environment is stable, respondents were even willing to get a lease or pay monthly rent to live in a home. The Korea Housing Finance Corp. [...]
SEOUL, Sept. 10 (Korea Bizwire) — In the South Korean film “Microhabitat” released last year, the protagonist Mi-so hits the streets when she is no longer able to afford paying rent for her apartment. The film was critically acclaimed for featuring a story that reflected the realities of the younger generation, many of whom are [...]
SEOUL, Sept. 10 (Korea Bizwire) — On grounds that once hosted the U.S. Army base in central Seoul, a new push for the construction of low-rental public housing has been on the rise in place of the current plan to establish an ecological park. As the cost of homes continues to increase, people have been [...]
SEOUL, Jun. 21 (Korea Bizwire) — The trend of a decreasing number of court auctions recently made a turnaround for the first time in four years. Experts say the sudden rise in properties available at court auctions is the result of more housing becoming available in addition to the extended economic downturn. However, the growing [...]
SEOUL, Mar. 19 (Korea Bizwire) — The burden of buying a house in Seoul has risen to a 6-year high as demand for homes in the affluent Gangnam district surged despite the government’s measures to cool the property market, data showed Monday. The Korea Housing Affordability Index rose to 116.7 in the fourth-quarter of last [...]
SEOUL, Nov. 20 (Korea Bizwire) — The median price of a house in Seoul is higher than that of Tokyo, a parliamentary report showed Sunday. The findings by the National Assembly Research Service (NARS) released by Rep. Park Kwang-on showed that the price of a typical home in Seoul is on average 100 million won [...]
SEOUL, Aug. 9 (Korea Bizwire) — The way in which Naver is dealing with mobile searches for housing has ruffled feathers, as accusations that it is marginalizing its competitors’ websites in favor of its own services are increasing. According to industry sources, the tension between Naver and its clients-cum-competitors started to sizzle in May of this [...]
SEOUL, Feb. 16 (Korea Bizwire) – Interest in hanok, traditional Korean-style housing, has skyrocketed with new architectural technology and financial support in the form of government subsidies, and more and more Koreans are now rushing to build houses using once-forgotten traditional designs. According to government sources, over 50 local governments have come up with official [...]
SEOUL, Jan. 4 (Korea Bizwire) – A rise in home prices tended to lower the birthrate, a trend that existed regardless of whether the economy was good or bad, a report from a local institute said Wednesday. The Korea Institute of Child Care and Education followed the changes in home prices and their correlation to [...]
SEOUL, Jan. 4 (Korea Bizwire) – The growth of mortgage loans in South Korea markedly slowed last month amid indications of interest rate hikes and a downturn in the real estate market, data showed Wednesday. Outstanding home-backed loans extended by six major banks here – KB Koomin, Shinhan, Woori, KEB Hana, NH and the Industrial [...]