Korea Joongang Daily
Korea JoongAng Daily

Gangnam prices keep soaring as gov't squabbles over real estate tax

Korea's real estate market remains polarized, with Gangnam's housing prices soaring while the rest remain stagnant. Legislators are considering easing regulations on real estate taxes as a consequence.

2024-06-10

Still stuck in a fictitious world of statistics

Korea Real Estate Board testified that it had been threatened to temper with housing data by the Land Ministry in the Moon Jae-in administration.

2023-09-21

Bird's-eye view

People look down at apartment complexes in downtown Seoul from the Lotte World Tower in Songpa District, western Seoul, on Thursday. As the housing market stagnates due to interest rate hikes and a sharp decrease in transactions, the range of...

2022-11-03

'There is no way to purchase a house'

The number of apartment unit purchases by people in their 20s and 30s has decreased compared to last year.

2022-10-11

[TALKING TRENDS] 'Yuktoe'

“When will the day come? I mean the day we’ll finally enjoy the joy of yuktoe?” Yuktoe is an abbreviation of yuka toegeun, with yuka meaning childcare and toegeun referring to leaving the office.

2022-09-14

[WORD_ON_THE_WEB] 'I don’t want to pay off other people’s debts'

The government is planning to implement a loan transfer policy which turns a mortgage loan with variable interest into a loan with fixed long-term interest.

2022-07-25

Irony of well-intended policy (KOR)

President Moon Jae-in repeatedly emphasizes protecting the socially weak and resolving the disparity issue. But it is likely to be the worst administration on these issues.Most of all, “crazy housing prices” created a lot of...

2021-02-04

Irony of well-intended policy

President Moon Jae-in repeatedly emphasizes protecting the socially weak and resolving the disparity issue. But it is likely to be the worst administration on these issues.Most of all, “crazy housing prices” created a lot of...

2021-02-04

Seeing what they want to see

The haughtiness and hot-headedness of presidential staff and government policymakers have become commonplace in the ruling party-dominant National Assembly. They have their nose in the air whenever they are summoned to the...

2020-09-06

A broken clock is right twice a day

Land Minister Kang Ho-in under the previous Park Geun-hye government was often criticized for being “too lukewarm” in real estate policy. When the new apartment offering market was overheated during his early days in office, he...

2020-09-03