Nari Shin

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Parties lock horns on housing fix

An elderly woman passes by a local real estate agent‘s office in Songpa-gu, Seoul, in this Aug. 4 file photo. (Yonhap News)<p>Political parties are …

Jeonse prices up for record 66th consecutive week

The jeonse prices of apartments across the nation increased for the 66th consecutive week, the longest streak in the nation’s history, according to a …

Rising Consumer Prices Lead Couples to Delay Wedding Plans

The number of newly-registered marriages dropped 5.5 percent in April from the same month last year to stand at 25,700, according to Statistics Korea.<p>…

High-End Housing Rentals Double in Two Years

The number of apartments in Seoul fetching more than W10 million in "jeonse" or Korean-style deposit lease per 3.3 sq.m has more than doubled over …

More and More Koreans Locked in Debt Cycle

The number of indebted people is increasing across all age groups in Korea, from young couples struggling to start their own family and people with …

Man Found Dead 7 Years After Apparent Suicide

The skeletal remains of a 55-year-old man were found in the boiler room of his home in Busan on Wednesday, where they had been decomposing for seven …

Seoul Housing Deposits Skyrocket

Seocho district in southern Seoul boasts the highest average "jeonse" or Korean-style deposit lease on an apartment, surpassing W500 million for the …

Rental tax changes stimulate confusion

The latest government measures to boost the housing rental market by providing tax incentives are making homeowners upset and confused about the …

The real estate mess

Yi Jung-jae<p>The president’s ears must be both open and closed. He or she must be alert to important issues but, at the same time, filter out static …

Report backs loan-to-value rule

Despite increased efforts by the government to ease regulations in the housing market, a state-run economic think tank report says the loan-to-value …

Renters in the market for jeonse flexibility

Ilsan Xi Wi City located in Goyang, Gyeonggi, was constructed by GS E&C. It has recently gained popularity because jeonse tenants can purchase their …

It takes $290,000 in cash to rent an apartment in Seoul

<i>This post has been corrected.</i><p>Many Koreans who rent apartments don’t actually pay rent.<p>You read that right. They don’t make monthly rent payments.<p>Don’t start planning your move to Seoul just yet. There’s a catch. To get one of those apartments, on average, you need to plunk down the equivalent of …

Housing