newlywed couple Archives | Be Korea-savvy

Government to Offer Affordable Housing to Newlyweds

SEOUL, May 30 (Korea Bizwire) – The Ministry of Land, Infrastructures and Transport (MOLIT) revealed Sunday that it plans to implement a policy called ‘lease and purchase REITs (Real Estate Investment Trusts) for newlyweds’, starting in September. But it’s also evaluating the possibility pushing the start date forward, before the beginning of autumn, which is [...]

Seoulite Couple Needs 28.5 Years to Lease a “Jeonse” House

SEOUL, Oct. 30 (Korea Bizwire) – It takes 28.5 years for a newlywed couple to lease a “jeonse” apartment in Seoul, according to the Citizens’ Coalition for Economic Justice which analyzed data from Kookmin Bank, Statistics Korea and the Ministry of Employment and Labor. Houses in capital regions such as Gyeonggi Province and Incheon City take [...]