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Housing in South Korea includes detached houses, apartment (unit of apartment, row houses, and private houses), studio apartments, and dormitories in non-residential buildings such as shopping malls and factories. While the occupancy rate of apartment houses is steadily rising, the occupancy rate of detached houses is steadily falling.
On Wednesday, 11 January 2022 at 15:46 KST, the façade of a 39-story apartment building under construction collapsed in Gwangju, South Korea, killing six workers. [1] HDC Hyundai Development Company was investigated by the government, and its chairman resigned.
The year-end season in South Korea is usually vibrant. But this year has been noticeably different. The political turmoil – along with the devastating Jeju Air crash on 29 December – has ...
The studio apartment Choi Soul recently scored might have the cheapest monthly rent in Seoul: 10,000 won, or about $7. “After I got the text message informing me I got it, I stared at it over ...
Korea Land and Housing Corporation real estate scandal is a suspicion that some employees of Korea Land and Housing Corporation (LH) have speculatively purchased land worth 10 billion won in Gwangmyeong and Siheung. The land is in the new towns' business areas, per the Moon Jae-in government's third New Town plan. [1]
South Korea's month-long political crisis saw another day of high drama with police failing to arrest suspended President Yoon Suk Yeol after a six-hour standoff. Authorities had sought to arrest ...
Newly released official data shows one in 5 people 65 or older
Squatting in South Korea is the occupation of land or buildings without the permission of the relevant authorities. From the 1950s onwards, shanty towns called P'anjach'on formed around cities, in particular the capital Seoul. As well as providing housing, squatting is used as a tactic by groups opposing gentrification and striking workers.