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At the beginning of the year, the Blue House declared that people who own more than one apartment were not welcome as senior government officials. Many vice ministers promoted last month disposed of apartments in Sejong City....
In his five-year economic plan upon inauguration in May 2017, President Moon Jae-in promised to create jobs through income-led growth, achieve a fair economy, improve livelihoods for the working and middle class, spur migration...
The “bread queen” has finally exited. Land Minister Kim Hyun-mee was let go after being hounded for her ill-timed and ludicrous comment of “I’d bake apartments day and night if they were bread.” Her remarks translated into an...
What attracts our attention in the government’s reshuffle on Friday of four ministers was the replacement of Land, Infrastructure and Transport Minister Kim Hyun-mee. She was not replaced for her blunders on real estate policy,...
President Moon Jae-in on Friday nominated four new ministers, replacing his embattled land minister, who has championed the administration’s controversial housing policy for over three years.
Insensitive remarks from Land and Transport Minister Kim Hyun-mee have once again added fury to the people whose livelihoods have been weighed down by concerns over housing. “I would go on making them day and night if apartments...
The 24th set of real estate measures has even lost favor with the progressive front. The Kyunghyang Shinmun questioned if “mid- to small-sized public rents in unpopular districts can help meet the growing demand for jeonse...
Recent statements from politicians of the ruling party responsible for the real estate measures have stirred controversy in several online communities for lacking compassion and being out of touch with reality.
The government will increase supplies of residences by 114,000 units over the next two years, including repurposing hotel rooms and office space. This is the 24th set of real estate measures introduced by the Moon Jae-in government.
Despite government claims that real estate prices have been stabilized, the average selling price for an apartment in Seoul exceeded 1 billion won ($852,000) for the first time in a single month.
Korea JoongAng Daily Sitemap