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Housing Market for Foreign Residents Expands Rapidly as Population Grows

Housing Market for Foreign Residents Expands Rapidly as Population Grows

SEOUL, Sept. 10 (Korea Bizwire) – As the number of foreign residents continues to increase rapidly, the housing rental market targeting them is expanding and diversifying. According to real estate industry watchers, the preferred residential areas for foreigners are expanding from traditionally popular places like Hannam-dong, Itaewon and Yongsan to Mapo in Seoul, Songdo in Incheon and Pyeongtaek in Gyeonggi [...]

Drones to Deliver Not Only Bombs, But Parcels and Even Proposal Rings

Drones to Deliver Not Only Bombs, But Parcels and Even Proposal Rings

SEOUL, Feb. 10 (Korea Bizwire) – On February 7, Wang Feng, the Chinese rockstar, proposed to his girlfriend, Chinese actress Zhang Ziyi at her birthday party, which was held two days before her actual birthday. In a unique twist, Wang did not hide his proposal ring somewhere or get down on one knee. Instead, a [...]

Yongsan Development Plan Due for Second Half of 2015

Yongsan Development Plan Due for Second Half of 2015

SEOUL, Jan. 19 (Korea Bizwire) – The Korean Government is getting serious about several real estate development projects in a bid to invigorate the tourism industry, according to an announcement on January 18 from related ministries and agencies such as the Ministry of Strategy and Finance, the Ministry of Land, Infrastructure, and Transport, the Ministry of [...]

Horseracing Betting Center in Downtown Seoul to Face Shutdown

Horseracing Betting Center in Downtown Seoul to Face Shutdown

SEOUL, July 23 (Korea Bizwire) – Park Won-soon, Seoul City Mayor, asked the Korea Racing Authority to suspend the business of a horseracing betting center in Yongsan, near Seoul’s downtown, arguing it harms the educational and residential environment in the area. Park who visited Yongsan residents who were taking a sit-in strike against the betting [...]