Apartment prices in Korea fell for four weeks, impacted by stricter lending rules and political unrest, with Seoul showing minimal resilience.
The government will hold the state-declared value of condos frozen at 69 percent their market value next year, meaning condo-dwellers' taxes will not rise on a policy basis.
President Yoon Suk Yeol's mother-in-law Choi Eun-soon is on the hook for a hefty fine after the Supreme Court recently declined to hear her appeal against a penalty for violating a law that governs real estate transactions.
A pedestrian takes a photo of apartment buildings seen from Mount Namsan on Thursday.
Real estate market revival will surely boost the sluggish Chinese economy. But I am reminded of the neighbor of the lan wei lou.
Blaming the problem entirely on the education fever and the college entrance competition comes from a lack of understanding in education and the real estate market.
We need a system respecting diversity and the freedom to choose superior education.
The prices of apartments in Seoul rose in August from the previous month, according to survey data the Korea Real Estate Board released Thursday.
Financial Supervisory Service Gov. Lee Bok-hyun hinted at intervening in the real estate market as household debt soars with banks hiking mortgage rates.
Korea JoongAng Daily Sitemap
