SEOUL, June 28 (Korea Bizwire) — The 13th edition of the Land, Infrastructure, and Transport Technology Fair will be held at COEX in Seoul from June 28 to 30. Organized by the Korea Agency for Infrastructure Technology Advancement and hosted by the Ministry of Land, Infrastructure, and Transport, this event commemorates two decades of R&D [...]
SEOUL, Dec. 1 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.2 percent in the first half of 2022 from the end of 2021, the land ministry said Thursday. Foreigners owned 260.75 square kilometers — slightly more than four times the size of Manhattan — at the end of June. It represents 0.26 [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea has so far nationalized 5.04 million square meters of land owned by Japanese citizens and Japanese companies during the 1910-45 colonial rule, the state procurement agency said Thursday. The official appraisal price of this land is estimated at 150 billion won (US$114 million) and the size of [...]
SEOUL, Sept. 27 (Korea Bizwire) — A recent study has shown that the increase in land prices greatly outpaced that of consumer prices last year, deepening inequality in land ownership. According to a report released by the Institute of Land and Liberty on the basis of government data, land prices in South Korea grew by [...]
SEOUL, April 16 (Korea Bizwire) — Foreign ownership of South Korean land rose 3 percent in 2019 compared with a year earlier, the land ministry said Thursday. Foreigners owned 248.7 square kilometers — slightly more than four times the size of Manhattan — at the end of 2019. It represents 0.2 percent of South Korea’s [...]
SEOUL, Jul. 25 (Korea Bizwire) — South Korea has completed the nationalization of land worth an estimated 90 billion won (US$76.40 million) across the country that should have reverted to the state but was still registered under Japanese names following Japan’s 1910-45 colonization of Korea, government data showed Thursday. The data, submitted to Kang Byung-won, [...]
SEOUL, June 26 (Korea Bizwire) – South Korea will launch a project later this year to provide 300,000 rental homes to jobseekers that can help ease the financial burden of young people, the land and infrastructure ministry said Monday. The rental homes will be supplied gradually during the President Moon Jae-in’s five-year term that began [...]
SEOUL, March 27 (Korea Bizwire) – The estimated value of land owned by South Korea’s 10 biggest business groups rose to a record high last year due in part to the purchase of the headquarters of the Korea Power Electric Corp. (KEPCO) by Hyundai Motors Co. and its affiliates, a market researcher said Monday. Hyundai [...]