Foreigners intending to invest in Korean real estate must now reside in the property for two years and obtain approval, aimed ...

Apartment complexes in Seoul on Oct. 5, 2024. Apartments first began appearing in South Korea in 1960s and 1970s, as part of a government response to a housing crisis in the nation’s capital.

SEOUL: South Korea has introduced new restrictions on foreign property purchases in the greater Seoul area, its latest effort to curb housing prices.

In 2023, nearly 10 million Korean households rented homes, with Seoul having the highest non-homeownership rate at 51.7 ...

South Korea is cracking down on foreigners buying property in the nation’s capital.  On Thursday, the government revealed new restrictions on the Greater Seoul housing market meant to control housing ...

Maj. Joseph H. Anderson, KMAG dependent affairs officer, said 206 new houses have been made available for KMAG dependents, 88 o the total being in Seoul, 80 in Taegu and 38 in Pusan.

Torrential rain that has battered South Korea’s greater capital region for two days has started easing, but not before ...