Korean real estate Archives

Underage Landlords in Korea See 30% Income Growth Over 5 Years

SEOUL, Sept. 11 (Korea Bizwire) – A recent study has revealed a 30 percent surge in underage individuals earning income as landlords over the past five years. In 2021, a total of 3,136 underage landlords collectively generated 54.8 billion won in rental income, averaging 17.48 million won per person annually. This escalating trend of underage [...]

No. of Foreclosed Homes Out for Sale in Seoul Area Hits 13 Year High

SEOUL, July 19 (Korea Bizwire) – As the downturn in the real estate market deepens, more and more homeowners give up their houses after failing to make monthly mortgage payments. The number of apartment houses out for public sale in the Seoul metropolitan area has hit a 13 year high. According to Taein, a real [...]