Korean Housing Market
The Korean housing market has experienced significant changes in recent years, driven by factors such as urbanization, population growth, and government policies. Major cities like Seoul and Busan have seen rising property prices, making homeownership increasingly challenging for many residents.
In response to these issues, the government has implemented various measures, including housing supply initiatives and regulations on speculative buying. These efforts aim to stabilize the market and make housing more affordable for the average citizen, while also addressing concerns about rising debt levels among homeowners.