Korea Joongang Daily
Korea JoongAng Daily

Surge in renovation and housing costs dissuades people from moving

The surging costs associated with moving — which includes renovation, logistics and securing a lease — are discouraging mobility even during the traditional spring moving season.

2026-04-16

Bayern Munich beat Real Madrid to set up Champions League semifinal Korean derby

Bayern Munich survived a seven-goal thriller against Real Madrid to reach the UEFA Champions League semifinals, setting up a possible on-field meeting between Kim Min-jae and Paris Saint-Germain’s Lee Kang-in.

2026-04-16

Despite a government push, the Kospi just feeds the housing beast

Korea’s ambitious initiative to shift money from real estate into stocks has paid off, sending the Kospi soaring by more than double in less than a year. But the success comes with an ironic twist: Many are funneling their gains into buying homes.

2026-04-15

Lee proposes exemption from heavier tax for owners of multiple homes if they sell by May 9

President Lee Jae Myung on Monday suggested that the government could consider exempting owners of multiple homes from heavier capital gains tax until May 9 in an apparent effort to give them more time to sell before the tax exemption expires.

2026-04-06

Tighter rules on aggregate household loans may be coming, signals financial watchdog chief

The chief of the country's financial watchdog said Thursday that authorities are working to draw up measures to curb high household debts, signaling that stricter rules may be set in motion this year.

2026-03-26

FSC vice chair's speech offers envoys, executives 'better view' of Lee's economic vision

Ambassadors from various countries came away impressed by the keynote speech delivered by Financial Services Commission (FSC) Vice Chairman Kwon Dae-young at the 20th Korea Economic Forum at the Westin Josun Hotel in central Seoul on Wednesday.

2026-03-25

Population mobility drops 11 percent as Koreans opt out on moving

The number of Koreans relocating to new homes fell 11.5 percent from a year ago in February due mainly to an aging and shrinking population, coupled with the Lunar New Year holiday that reduced moving activity.

2026-03-25

President says officials with multiple homes will be excluded from making real estate policies

President Lee Jae Myung said Sunday he has instructed his office and the Cabinet to exclude owners of multiple homes from making real estate policies, as his administration cracks down on long-running housing speculation.

2026-03-22

The property divide: Real estate drives Korea's widening wealth gap

The top 20 percent of households in Korea held about 65 percent of the country’s total net assets last year, while the bottom 40 percent accounted for only 4.8 percent, according to a new analysis released on Friday.

2026-03-09

Lee expresses hope to learn from Singapore's real estate policies

President Lee Jae Myung met with Singaporean President Tharman Shanmugaratnam during his state visit to the Southeast Asian country on Monday and expressed hope to learn from Singapore's real estate policies.

2026-03-02