SEOUL, July 4 (Korea Bizwire) – For the ongoing land reclamation project in Saemangeum area in the southwest, the Korean government decided to enlist foreign companies to have the right to develop the reclaimed land and allow the developers to resell less than 50 percent of the land. Currently, the development project for the reclaimed land [...]
SEOUL, Korea, April 19, 2014 (Korea Bizwire) – Office buildings are becoming more and more hollowed out. In the premium-grade skyscrapers in Seoul, it is rather easy to find empty offices these days. The vacancy rate in buildings in the Yoido district – Seoul’s main business and investment banking area dubbed as “Wall Street of Korea” [...]
SEOUL, Korea, Mar 23 (Korea Bizwire) — An approval process for building “small-sized apartments,” which used to be applicable only to housing complexes of fewer than 20, will be eased; the pertinent measures will be expanded to those fewer than 30 to 50 units for the foreseeable future. On March 20, the Ministry of Land, [...]