Average Seoul apartment prices have hit 1.1 billion won ($988,000) for the first time, up from 1 billion won in September 2020, according to data compiled by KB Kookmin Bank since 2008.
It was bitterly cold on the evening of Jan. 8 when a four-year-old girl was found shivering in her pajamas outside a convenience store in Seoul. Newlyweds Lee Byung-geun, 30, and Hahm Jeong-min, 29, spotted the girl standing between cars outside...
A passerby looks at real estate prices at a real estate agency in Seongbuk District, northern Seoul.
The average increase rate of apartment prices in Gangbuk between the January to November period was about 12.79 percent ? exceeding the south side of Han River’s 10.56 percent for the first time in 12 years.
The price gap between apartments on either side of the Han River remains as wide as ever.
Property taxes increased the maximum 30 percent this year for 580,000 households in Seoul.
Another nasty case of “gapjil,” or abuse of position, is provoking public ire in Korea, this one involving an apartment security guard who committed suicide Sunday after being repeatedly abused by a resident...