SEOUL, April 6 (Korea Bizwire) – Korean prosecutors have launched an investigation into lawyers who have stepped into the real estate business. It seems like the second round has started in the battle between lawyers and realtors over a market worth two trillion won. The Seoul Central District Prosecutor’s Office announced that it had assigned the ‘Trust [...]
CHUNCHEON, March 14 (Korea Bizwire) – Gangwon Province is prolonging the effective period of the Real Estate Investment Immigration Act at the Alpensia resort in Pyeongchang. The Real Estate Investment Immigration Act was part of a strategy to attract foreign capital investment and successfully host the 2018 Winter Olympic Games. In 2011, Alpensia was designated as one [...]
SEJONG, March 14 (Korea Bizwire) – South Korea’s home sales plunged 24.9 percent last month from a year earlier as the local property market has shown some signs of a slowdown, government data showed Sunday. The number of home transactions reached 59,265 in February compared with a record 78,864 tallied a year ago, according to [...]
SEOUL, Jan.29 (Korea Bizwire) – According to Money Today, a Korean newspaper, the Korea Association of Realtors is resisting the entrance of lawyers into the real estate business. Consumers are also interested in the matter in hopes of lowered commissions. The Korea Association of Realtors announced that it will be filing a suit against Trust [...]
SEJONG, Jan. 12 (Korea Bizwire) – South Korea’s tax revenue rose sharply on-year in the first 11 months of 2015 thanks to higher cigarette prices and increased real estate transactions, the finance ministry said Tuesday. In the January-November period, the government collected some 206.2 trillion won (US$171 billion) in taxes, up 16.8 trillion won from [...]
SEOUL, Jan.4 (Korea Bizwire) – With Korean internet giants Naver and Kakao bolstering their mobile real estate service offerings, competition is becoming fierce. The mobile real estate brokerage market, which has been lead by startups like ZigBang, is expected to grow significantly this year. According to industry reports, Naver has launched the official version of [...]
SEOUL, Sept. 2 (Korea Bizwire) — Financial assets of Korean households have turned out to be very low compared to other countries. Experts say that the phenomenon is due to the Korean household practice of having most major assets concentrated on real estate. According to the Korea Financial Investment Association, the portion of financial assets held [...]
SEOUL, Aug. 10 (Korea Bizwire) – Under the current market conditions, attention is concentrated on profitable real estate. Due to continued low interest rates, the auction price ratio of business and commercial properties at court auctions exceeded 70 percent for the first time in nine years. The number of bids also reached an all time [...]
SEJONG, Jun. 25 (Korea Bizwire) — The Korean government has begun a project to develop an online contracting system for property purchasing and leasing, said the Ministry of Land, Infrastructure and Transport (MOLIT) on June 24. The online system will enable Korean citizens to sign a real estate contract with an electronic signature or an [...]
— Global revenue up 18% and Adjusted EPS up 28% for the year — Colliers International revenue up 24% and Adjusted EBITDA up 38% for 2014 *T Announces plan to separate into two independent public companies: Colliers International and FirstService Corporation *T Operating highlights: Three months ended Year ended [...]