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A person looks at a bulletin on the empty window of a real estate agent's office Wednesday, in Songpa District, southern Seoul. As a standing committee passed the tenant protection law Wednesday, which protects jeonse tenants up to 4 years and limits price increases, the real estate market is seeing a massive shortage in supply of such properties, pushing the price up for 52 consecutive weeks. The ruling Democratic Party urged for the bill to be put to a vote as soon as possible. [YONHAP]

A person looks at a bulletin on the empty window of a real estate agent's office Wednesday, in Songpa District, southern Seoul. As a standing committee passed the tenant protection law Wednesday, which protects jeonse tenants up to 4 years and limits price increases, the real estate market is seeing a massive shortage in supply of such properties, pushing the price up for 52 consecutive weeks. The ruling Democratic Party urged for the bill to be put to a vote as soon as possible. [YONHAP]

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