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Seoul is still home to a fifth of the country’s population, but housing issues are the primary reason that 1.7 million South Koreans have left the capital for surrounding provinces in the last ...
South Korea's housing market grew as central bank interest rates were cut at the beginning of the coronavirus pandemic. During this period, many prospective homeowners sought loans at lower interest rates to buy homes. Since then, rising central bank interest rates have led to a noticeable downturn in the housing market.
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 ...
Yoon's surprise declaration, which he cast as aimed at his political foes, created the most serious challenge to South Korea's democracy since the 1980s and was unanimously voted down by 190 ...
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]
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.
Two weeks after becoming South Korea's second acting president, Choi Sang-mok faces not only the task of steering a shaky economy and rebuilding confidence among global allies but simply staying ...
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.