Property taxes increased the maximum 30 percent this year for 580,000 households in Seoul.
Prime Minister Chung Sye-kyun, center, and dozens of people walk into a compound in Yongsan Garrison, which will be redeveloped into an urban park in central Seoul to attend a ceremony opening the plot to the public on Tuesday.
Mixed messages from the government on the property market are further muddying the already muddy real estate waters. Measures have been talked up left and right, some announced and some leaked.
The number of weekend moviegoers in Korea more than doubled from a week earlier thanks to a government-led discount event, raising hopes for a turnaround for the film industry hit hard by the novel coronavirus pandemic, data showed Tuesday...
Applications for 9,000 apartments in three new towns in the Seoul area will be accepted by the government starting next year, a few years earlier than originally planned.