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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.
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]
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 ...
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.
Jeonse (English: / ˈ tʃ ʌ n s eɪ / CHUN-say; Korean: 전세; Hanja: 傳貰; Korean pronunciation: [tɕʌn.sʰe]), also known as chŏnse, key money deposit [1] or key money, [2] is a type of lease or deposit common in the South Korean real estate market.
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 ...
The lobby of the Eaves on South Gramercy Place in Koreatown is shown. The building converted into homeless housing has 58 bedrooms. (Myung J. Chun / Los Angeles Times)
Analysts have attributed South Korea's population decline resulting from low birth rates to the country's high economic inequality; including the high cost of living, low wages for an OECD member country, lack of job opportunities, as well as rising housing costs. [11] South Korea also has the highest suicide rate in the OECD and the wider ...