News
Gov't to crack down on fraudulent 'perfect score' apartment application winners
2+ week, 1+ day ago (311+ words) Apartments can be seen from Mount Nam, Seoul, April 26. Yonhap The government will look into all "perfect-score" winners in apartment applications since July last year to see if any foul play was involved, officials said Monday, amid complaints that perfect…...
IKEA Korea vows to expand reach through design philosophy
1+ mon, 5+ day ago (395+ words) IKEA Korea President and Chief Sustainability Officer Isabel Puig, center, speaks during a press conference in Gangseo District, Seoul, Monday. On the left is Sarah Fager, a senior designer from IKEA Group based in Sweden. Courtesy of IKEA Korea IKEA…...
Seoul apartments' publicly assessed prices jump nearly 19% in 2026, fastest in 5 years
2+ mon, 1+ week ago (389+ words) Apartment complexes in Seoul's Songpa District, March 23, 2025 / Yonhap Officially announced prices of apartments in Seoul jumped 18. 67 percent in 2026 at the fastest pace in five years, driven by sharp gains in home values in the capital's upscale districts and areas along…...
30-somethings account for half of 1st-time home buyers in Seoul - The Korea Times
3+ mon, 6+ day ago (482+ words) A visitor looks out over apartment complexes from N Seoul Tower in central Seoul, Monday. Yonhap Cho Sung-jin and his wife, a dual-income couple in their mid-30s, took out every available loan to buy their first home in Seoul last year…...
Land minister vows to provide more homes for youth, newlyweds in greater Seoul area - The Korea Times
3+ mon, 4+ week ago (317+ words) The ruling Democratic Party of Korea's police committee chair Rep. Han Jeoung-ae, left, and Land Minister Kim Yun-duk, attend a meeting on the housing supply at the National Assembly in Seoul, Thursday. Yonhap Land Minister Kim Yun-duk said Thursday the…...
Embracing the art of decluttering - The Korea Times
4+ mon, 18+ min ago (266+ words) Decluttering is not about losing things " it's about gaining space for what matters." " Anonymous Possessions can hold sentimental value. Nevertheless, decluttering encourages us to confront our emotional attachments and evaluate whether they align with our current lives. Disposal of excess…...
The story of high-rise apartment buildings
4+ mon, 3+ week ago (294+ words) Last time I wrote about the area of Seoul without high-rise apartment buildings " the traditional, and fashionable neighborhood of Bukchon. Writing about an area with no high-rise apartments made me think about Seoul's history of high-rise apartments. When I first…...
High rental costs push young adults into substandard housing - The Korea Times
5+ mon, 2+ week ago (456+ words) Kim, a 31-year-old office worker in Seoul, says she recently moved into a goshiwon near her workplace because she could not keep up with rising studio apartment rents. Goshiwon are dormitory-style accommodations often used by students or low-wage workers who…...
Samsung family sells late chairman Lee Kun-hee's Itaewon hilltop residence for $16. 5 million - The Korea Times
10+ mon, 2+ week ago (204+ words) A high-end residence in Itaewon, central Seoul, once owned by the late Samsung Chairman Lee Kun-hee, has been sold for 22. 8 billion won ($16. 5 million), according to government real estate data. The house, jointly inherited by members of the Samsung family, saw…...
Overheated home market cools off following tightened loan curbs says data - The Korea Times
10+ mon, 3+ week ago (178+ words) Overheated demand for apartments in Seoul has weakened for the first time in nearly two months following the government's announcement of aggressive loan restrictions last week, data showed Friday. According to the state-run Korea Real Estate Board, the weekly apartment…...