SEOUL, Jan. 27 (Korea Bizwire) — For the first time in history, transactions of Seoul apartments priced above ₩900 million accounted for more than half of the city’s total sales in 2024, reflecting a shift toward high-end properties amid rising home prices and a preference for “one solid investment.” According to the Ministry of Land, [...]
SEOUL, Dec. 19 (Korea Bizwire) — The Seoul city government on Thursday announced a list of civic representatives to take part in the bell-ringing ceremony in downtown Seoul at midnight on New Year’s Eve. The 11 civic bell ringers were selected from among some 90 people recommended by the public last month for overcoming adversity [...]
SEOUL, Nov. 28 (Korea Bizwire) – Seoul’s urban skyline is set for a dramatic transformation as the city approved plans for ultra-high-rise apartment complexes reaching up to 250 meters in two prime locations: the affluent Apgujeong-dong neighborhood in Gangnam district and the emerging luxury district of Seongsu-dong. The Seoul Metropolitan Government announced on November 26 that [...]
SEOUL, Nov. 28 (Korea Bizwire) — Heavy snow blanketed South Korea’s capital area for the second consecutive day Thursday, with up to 40 centimeters of snowfall seen in parts of Seoul. A heavy snow advisory was in effect in all of Seoul as the accumulated snowfall reached 40.2 cm in Gwanak Ward and 27.1 cm [...]
SEOUL, Nov. 27 (Korea Bizwire) — More than 16 centimeters of snow blanketed the capital city Wednesday, marking the biggest snowfall in November since modern weather observations began in 1907, the state weather agency said. As of 7 a.m., Seoul had received 16.5 cm of snow, topping the previous record of 12.4 cm on Nov. [...]
SEOUL, Nov. 22 (Korea Bizwire) — Seoul Metro, the operator of subway lines 1-8, said Friday that 27 trains were delayed by more than 20 minutes on the previous day, the second day of a slowdown strike by its unionized workers. With 3,189 subway trains in operation Thursday, their on-time rate stood at 99.1 percent, [...]
SEOUL, Oct. 29 (Korea Bizwire) – Nike has unveiled its second “Playground for All” in Seoul’s Gangnam district, partnering with the Green Umbrella Children’s Foundation and local authorities, the company announced on October 28. The initiative, which follows the first playground opened last year in Seoul’s Geumcheon district, aims to create an inclusive community space where [...]
SEOUL, Oct. 16 (Korea Bizwire) — The Seoul city government will invest 172.3 billion won (US$126.4) over the next five years in an ambitious design industry development project aimed at nurturing Korean versions of the global furniture giant IKEA, officials said Wednesday. The five-year plan aims to strengthen the design industry in the capital and [...]
SEOUL, Oct. 16 (Korea Bizwire) – Transportation-related information, particularly subway data, has emerged as the most sought-after public dataset among Seoul residents, according to a report released October 15 by the Seoul Digital Foundation. The report, titled “Seoul Public Data in My Hand,” provides insights into how citizens are engaging with the city’s open data initiative. [...]
SEOUL, Oct. 11 (Korea Bizwire) – Seoul Mayor Oh Se-hoon presented his vision for a smart city at the opening ceremony of the Smart Life Week (SLW) exhibition, which kicked off on October 10 at COEX in Gangnam District. The inaugural Smart Life Week, running through October 12, brings together 500 participants, including mayors and corporate [...]