Lending rates fall in March for first time in four months

Banks' overall lending rates fell for the first time in four months in March as a decline in corporate loan rates outweighed a rise in household lending rates amid tighter regulations aimed at stabilizing the housing market, data showed Tuesday.

2026-04-28

Younger homeowners hit by rising house prices, older owners benefit

Rising home prices in Korea have reduced spending and overall economic well-being for younger households while increasing wealth for older homeowners, a Bank of Korea (BOK) report showed on Thursday.

2026-02-17

Lee vows to rein in real estate speculation 'by any means necessary'

President Lee Jae Myung on Tuesday pledged to rein in real estate speculation, which he said threatens the country's future, vowing to stabilize the housing market "by any means necessary."

2026-02-03

Lee's approval rating falls for 2nd straight week to 51.2 pct: Poll

President Lee Jae Myung's approval rating fell for a second consecutive week, a survey showed Monday, amid controversy over the government's recent measures aimed at stabilizing the housing market.

2025-10-27

Gov't to unveil measures to stabilize housing market this week

The government plans to announce a set of measures to stabilize the housing market this week as home prices in Seoul and some parts of Gyeonggi have sharply risen, the liberal Democratic Party said Sunday.

2025-10-13

Apartment prices north of Han get hot after mortgage rule chill

Seoul’s apartment prices, which had cooled since the government’s mortgage restrictions in June, are climbing once again, led by the northern Han River belt districts of Seongdong, Mapo and Gwangjin.

2025-09-19

Out-of-wedlock births skyrocket as social attitudes change, young couples game the system

The percentage of children born outside of marriage jumped to 5.8 percent in 2024, nearly double the rate of 2020, as changing social attitudes led to more extramarital births and housing-related incentives encouraged couples to delay marriages.

2025-09-11