real estate broker Archives

New Real Estate Broker Openings in Korea Fall to Lowest Level Since 1998

SEOUL, Jan. 22 (Korea Bizwire) — The number of newly opened real estate brokerage offices in South Korea fell last year to its lowest level since the Asian financial crisis, underscoring the prolonged slump gripping the country’s property market. According to data released Tuesday by the Korea Association of Realtors, just 9,150 licensed brokers opened new [...]

More Koreans Move in with Housemates

SEOUL, Korea, Mar 20 (Korea Bizwire) – A 32-year-old man surnamed Lee has recently “moved in” with a housemate. Not out of romance but for the money. Upon renewal of the lease, his landlord requested either a 30-million-won raise in the deposit money for the 79-square-meter apartment or a 300,000-won increase of the monthly rent. [...]