Korea Joongang Daily
Korea JoongAng Daily

'I can even give my grandchildren allowance money': Korea’s plan to pull 340,000 older adults out of poverty

Increasing numbers of older Korean adults are utilizing housing pensions to alleviate financial strain in retirement, with evolving attitudes toward inheritance and proposals for reforms to boost enrollment.

2025-05-16

FSS reports proper management of overseas real estate investments by financial firms

Financial firms' exposure to overseas real estate has been properly managed despite lingering woes over their potential deterioration, the country's watchdog said Thursday.

2025-05-15

Koreans turn to overseas real estate investments as local economy stagnates

As the domestic economy slows Korean investors are turning to overseas real estate amid fluctuating currency exchange rates.

2025-04-29

Number of unsold new homes hits near 12-year high

The number of unsold new homes in Korea has reached the highest level in 11 years and five months, data showed Sunday, due mainly to weak demand for new homes in provincial regions.

2025-04-20

Civic group finds 1 in 5 lawmakers rich enough to owe real estate holdings taxes

The Citizens' Coalition for Economic Justice released a report that found that 60 of the 299 lawmakers in parliament were subject to the comprehensive real estate holding tax, indicating sizable net wealth.

2025-04-15

Officetel profit rises for 13th straight month

The average rental return rate on officetels in Korea rose to 5.49 percent in February.

2025-04-02

BOK warns against market volatility amid uncertainty, rising household debt

The Bank of Korea warns of financial market volatility due to weak economic growth.

2025-03-27

Un-real estate: Gov't permission system imposition fuels confusion

Apartment listings are posted on the wall of a real estate agency in Songpa District, southern Seoul, on March 20.

2025-03-20

Gov't adopts permission system for home transactions in 4 Seoul districts

The Seoul city government has temporarily adopted the "land transaction permission system" in the districts of Gangnam, Seocho, Songpa and Yongsan on the back of skyrocketing housing prices.

2025-03-19

Fraud worries live rent free: Monthly housing contracts surpass 'jeonse' deals

A pedestrian passes a real estate office with rental listings posted to the window in Songpa District, southern Seoul, on March 11.

2025-03-11