landlords Archives | Be Korea-savvy
‘Full-time’ Landlords Earn 2.79 mln Won a Month

‘Full-time’ Landlords Earn 2.79 mln Won a Month

SEOUL, Oct. 7 (Korea Bizwire) — It has been confirmed that as many as 18,000 “full-time” landlords make money by renting out apartments full-time, without any other job. According to data received by Rep. Park Hong-keun from the National Tax Service, the number of individuals that live off of rental income, or so-called ‘landlords’, came [...]

2,400 Underage Real Estate Owners in S. Korea

2,400 Underage Real Estate Owners in S. Korea

SEOUL, Oct. 2 (Korea Bizwire) — There are thousands of ‘underage landlords’ in South Korea who own real estate and collect rent. Rep. Shim Ki-joon of the ruling Democratic Party reported that there were a total of 2,415 juveniles who profited from renting out real estate in 2017. The young landlords generated 50.4 billion won [...]

S. Korean Landlord Has Nearly 200 mln Won in Debt: BOK

S. Korean Landlord Has Nearly 200 mln Won in Debt: BOK

SEOUL, Mar. 28 (Korea Bizwire) — An average landlord in South Korea owed 200 million won (US$176,000) to financial institutions last year, a central bank report showed Thursday. According to the Financial Stability Report submitted by the Bank of Korea (BOK) to parliament, the total financial debt of households that lease homes and commercial buildings [...]