Topics: korean

The Central Bank of Korea expresses concern over the overvaluation of the housing market in relation to income. With a house price-to-income ratio of 26, it would take the average worker 26 years to save for a 90 m2 house. Learn more about the challenges in the Korean housing market.

The Central Bank of Korea expresses concern over the overvaluation of the housing market in relation to income. With a house price-to-income ratio of 26, it would take the average worker 26 years to save for a 90 m2 house. Learn more about the challenges in the Korean housing market.

South Korean authorities are currently facing a race against time to implement emergency measures in order to prevent a liquidity crisis that is directly linked to real estate loans.

South Korean authorities are currently facing a race against time to implement emergency measures in order to prevent a liquidity crisis that is directly linked to real estate loans.

South Korea's real estate market boasts a distinctive rental system known as Jeonse, which sets it apart from other countries. Jeonse is a favored form of rental amongst Korean tenants, as it eliminates the need for monthly rent payments and obligations towards property ownership. Instead, lessees pay a one-time deposit, which can reach up to 70% of the property's value. In return, tenants enjoy a rent-free period lasting two years, after which the landlord returns the entire deposit.

South Korea\'s real estate market boasts a distinctive rental system known as Jeonse, which sets it apart from other countries. Jeonse is a favored form of rental amongst Korean tenants, as it eliminates the need for monthly rent payments and obligations towards property ownership. Instead, lessees pay a one-time deposit, which can reach up to 70% of the property\'s value. In return, tenants enjoy a rent-free period lasting two years, after which the landlord returns the entire deposit.

Netflix, the world's leading streaming service, is set to invest $2.5 billion in Korean movies, series and other content over the next four years.

Netflix, the world\'s leading streaming service, is set to invest $2.5 billion in Korean movies, series and other content over the next four years.

In Korea, Gen Y, also known as Millennials, refers to people born between 1981 and 1996 who are turning to virtual real estate investment due to unstable facts in the real world. 

In Korea, Gen Y, also known as Millennials, refers to people born between 1981 and 1996 who are turning to virtual real estate investment due to unstable facts in the real world. 

The super-rich group has a net worth of 2.92 billion won ($2.37 million). While the rich tend to be younger, the super-rich are still predominantly elderly.  
Most of the young and rich's Koreans now have more than 2 sources of income to increase the value of their assets. Which are young and rich Koreans investing in?

The super-rich group has a net worth of 2.92 billion won ($2.37 million). While the rich tend to be younger, the super-rich are still predominantly elderly.  
Most of the young and rich\'s Koreans now have more than 2 sources of income to increase the value of their assets. Which are young and rich Koreans investing in?

Korean e-book and webcomic provider RIDI has raised $99.4 million in a funding round led by Singapore national investment fund GIC.  This funding round raised RIDI's valuation to $1.3 billion, making this company the first Korean content platform to achieve unicorn status.

Korean e-book and webcomic provider RIDI has raised $99.4 million in a funding round led by Singapore national investment fund GIC.  This funding round raised RIDI\'s valuation to $1.3 billion, making this company the first Korean content platform to achieve unicorn status.

According to a new survey conducted by Rich Planner Consulting Co., 8 out of 10 young Koreans are currently investing in stocks, funds, cryptocurrencies and other assets to buy house.

According to a new survey conducted by Rich Planner Consulting Co., 8 out of 10 young Koreans are currently investing in stocks, funds, cryptocurrencies and other assets to buy house.

On August 25, the first Korean novel written by an artificial intelligence (AI) "writer" was released.

On August 25, the first Korean novel written by an artificial intelligence (AI) "writer" was released.

It is reported that Korean government will focus on the house supply as planned in the second half of 2021 to restrain rising house prices.

It is reported that Korean government will focus on the house supply as planned in the second half of 2021 to restrain rising house prices.

Genesis GV60 2022 becomes the first luxury electric car of the Korean automaker with many details developed and upgraded from the KIA EV6 model.

Genesis GV60 2022 becomes the first luxury electric car of the Korean automaker with many details developed and upgraded from the KIA EV6 model.

Korean Air Lines Co, South Korea's largest airline, has said it will stop using 4-engine passenger aircraft over the next 10 years to switch the business model to smaller aircraft for long-haul flights.

Korean Air Lines Co, South Korea\'s largest airline, has said it will stop using 4-engine passenger aircraft over the next 10 years to switch the business model to smaller aircraft for long-haul flights.

In the economic context affected by the Covid-19 epidemic, many young Koreans still do not give up their passion for branded goods.

In the economic context affected by the Covid-19 epidemic, many young Koreans still do not give up their passion for branded goods.

The trend of early retirement is increasingly popular among modern youth, and South Korea is no exception.  Many Korean youth dream of not having to work any longer when they have saved a considerable amount of money.

The trend of early retirement is increasingly popular among modern youth, and South Korea is no exception.  Many Korean youth dream of not having to work any longer when they have saved a considerable amount of money.

It is reported that the profit of South Korean electronics group Samsung reached 9,300 billion won ($8.3 billion), up 44.19% in the first quarter of the year, far exceeding market forecast of about 8,900 billion won (7.9 billion USD).

It is reported that the profit of South Korean electronics group Samsung reached 9,300 billion won ($8.3 billion), up 44.19% in the first quarter of the year, far exceeding market forecast of about 8,900 billion won (7.9 billion USD).

While tightening spending and wanting to use expensive items, young Koreans look to rental services of all kinds of furniture to have a comfortable life at will.

While tightening spending and wanting to use expensive items, young Koreans look to rental services of all kinds of furniture to have a comfortable life at will.

More and more wealthy Koreans, especially self-made billionaires, claim to use most of their assets for charity, a rarity previously among the super-rich in Korea.

More and more wealthy Koreans, especially self-made billionaires, claim to use most of their assets for charity, a rarity previously among the super-rich in Korea.

Unable to travel due to the lengthy Covid-19, rich young Korean generations choose to spend money on luxury goods, luxury cars and luxurious pleasures to fill empty time.

Unable to travel due to the lengthy Covid-19, rich young Korean generations choose to spend money on luxury goods, luxury cars and luxurious pleasures to fill empty time.

The desire to look youthful in the late old age makes many Korean elderly ready to do plastic surgery.  The concept of "filial cosmetic surgery" is born from there.

The desire to look youthful in the late old age makes many Korean elderly ready to do plastic surgery.  The concept of "filial cosmetic surgery" is born from there.

Korean private investors have placed a big bet on Samsung Electronics this year, but haven't yet to get positive results due to the recent decline in the company's stock price.

Korean private investors have placed a big bet on Samsung Electronics this year, but haven\'t yet to get positive results due to the recent decline in the company\'s stock price.

Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have discovered how they can help cells younger, reverse aging, and prolong the lifespan of humans.

Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have discovered how they can help cells younger, reverse aging, and prolong the lifespan of humans.

The menu is mainly starch, but why do Koreans still keep in shape?

The menu is mainly starch, but why do Koreans still keep in shape?

The Lip Factory system of AmorePacific cosmetics company uses artificial intelligence (AI) to analyze the customer's face, accordingly producing the lip color suitable for them.

The Lip Factory system of AmorePacific cosmetics company uses artificial intelligence (AI) to analyze the customer\'s face, accordingly producing the lip color suitable for them.

The K-pop wave and the popularity of Korean fashion make Korean professional mmedical and medical aesthetics treatment services are becoming more and more attractive which helps hospitals, health care centers and aesthetics clinics at this country becomes the first choice of many foreign patients and customers.

The K-pop wave and the popularity of Korean fashion make Korean professional mmedical and medical aesthetics treatment services are becoming more and more attractive which helps hospitals, health care centers and aesthetics clinics at this country becomes the first choice of many foreign patients and customers.