Tag: real estate speculation

real estate speculation

Latest News

Gov't designates three Gyeonggi areas as regulation zones as real estate prices spike

The Land Ministry and Gyeonggi are cracking down in Dongtan, Giheung and Guri, tightening lending, taxes and land deals to cool surging home prices driven by expanded rail service and the chip boom.

2026.6.30

Rep. Yoon’s refreshing decision

After the Anti-Corruption and Civil Rights Commission’s raising of suspicions about real estate wheeling and dealing by Rep. Yoon Hee-sook, a lawmaker from the opposition People Power Party (PPP) and a presidential candidate,...

2021.8.25

Rep. Yoon’s refreshing decision (KOR)

2021.8.25

Lee Ki-heon, left, new Blue House secretary for civil affairs, and Lee Won-koo, new presidential secretary for anticorruption. [BLUE HOUSE]

Blue House gets two new secretaries

President Moon Jae-in nominated new Blue House secretaries Friday. The Blue House announced that Lee Ki-heon, 53, presidential secretary for civil participation, was named the new secretary for civil affairs and justice, replacing Lee Gwang-cheol.

2021.7.30

People are watching

The ruling Democratic Party (DP) has refused the opposition People Power Party (PPP)’s request for a parliamentary probe into special apartment allocation for government employees. All three opposition parties have demanded a...

2021.5.27

President Moon Jae-in attends an anticorruption meeting held at the Blue House on Monday . [YONHAP]

Gov't vows to prevent repeat of LH scandal

The government threatened to crack down on unethical real estate deals, saying using inside information to make money could cost an investor dearly. If caught, the fine could be three to five times the profit made from the investment.

2021.3.29

Police carrying out boxes of seized documents and files from Land and Housing Corp.'s headquarters in Jinju, South Gyeongsang on March 17 as part of its investigation on LH employees using insider information in purchasing properties. [YONHAP]

LH could suffer consequences of scandal, gov't warns

The Moon Jae-in administration wants to crack down hard on the inside information land-buying scandal, a government official said, and if a single employee at Land and Housing Corp. (LH) is found to be guilty, no bonuses will be paid to LH workers.

2021.3.21

Democratic Party Rep. Kim Hong-gul is seated at the National Assembly in Yeouido, western Seoul, last Wednesday. The DP decided to expel Kim from the party Friday amid allegations that he had underreported property ownership. [YONHAP]

DP expels Kim Dae-jung's son amid real estate scandal

Rep. Kim Hong-gul, the son of late President Kim Dae-jung, has been expelled from the ruling Democratic Party (DP) over allegations he underreported property ownership and real estate speculation.

2020.9.20

The jeonse crisis, then and now

N“Mom, are we moving again?” was the title of a series that ran on the cover of the JoongAng Ilbo beginning on March 22, 1990. It focused on people who were cornered by the soaring prices of jeonse, a long-term housing...

2020.7.2

How to raise housing prices

The goal of the real estate policy of the Moon Jae-in administration seems to be “inflating home prices in Seoul.” Over the last three years, the government has trotted out 21 sets of measures to ostensibly curb soaring real...

2020.7.1

Tag: real estate speculation

real estate speculation

Latest News

Gov't designates three Gyeonggi areas as regulation zones as real estate prices spike

Rep. Yoon’s refreshing decision

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