SEOUL, March 4 (Korea Bizwire) — With South Korea entering the age of 1 million “officetels” — multi-purpose buildings with residential and commercial units — it’s becoming more imperative to use them as a housing policy tool for single-person households, a report said Thursday. The Construction and Economy Research Institute of Korea (CERIK) said in [...]
SEOUL, Aug. 11 (Korea Bizwire) — As seen from the news that authorities are moving to crack down on indoor smoking, the government has been taking pains to resolve neighborly disputes. On August 10, the Seoul Metropolitan Government issued a statement that a legal ordinance to regulate noise nuisances in residential complexes will be passed [...]
SEOUL, June 16 (Korea Bizwire) – Amid growing numbers of single households in South Korea, small-sized studio apartments are proving particularly popular, accounting for nearly 60 percent of all studio apartments in Seoul and the surrounding areas sold in the market this year. From January to May of this year, the number of studio apartments [...]
SEOUL, Oct. 25 (Korea Bizwire) – Korea is seeing a rising number of studio apartments built with “smart” features based on IoT, with the growing popularity of smart homes. According to construction industry watchers, these IoT-equipped efficiency apartments, also referred to as officetels in Korea, are particularly popular among members of the younger generation in their [...]