Tag: Speculation

Speculation

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President Lee Jae Myung speaks at a senior aides' meeting at the Blue House in Jongno District, central Seoul, on Jan. 29. [YONHAP]

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."

2026.2.3

People look at apartments across Seoul from N Seoul Tower in central Seoul on Oct. 16. [NEWS1]

Property transactions come to screeching halt first day after government regulations

Just a day after the government’s latest real estate crackdown took effect, Seoul’s once-frenzied property market has gone quiet — and brokers say the phones have stopped ringing.

2025.10.16

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Were there any victims?

After voters criticized candidates in the April 10 parliamentary elections for their alleged real estate speculation, a candidate rebutted by asking, “Were there any victims from it?”

2024.3.31

Singer and musical actors Ock Joo-hyun, left, and Kim Ho-young [YONHAP, THE JOONGANG ILBO]

Musical actors voice their opinion on unfair casting debate surrounding Ock Joo-hyun

Speculations that some celebrities were cast in musicals due to personal connections instead of undergoing auditions continue to spark controversy within the musical scene. The controversy was first ignited when singer and musical actor Ock Joo...

2022.6.23

No greed guardrails

Farmland is the new target of speculators. Rich people have amassed it easily. Some farmland is jointly owned by several people. The owners include not just employees of the Korea Land and Housing Corp. (LH) but also spouses of...

2021.3.22

Blaming the previous government

Prime Minister Chung Sye-kyun apologized for causing “deep disappointment and a sense of betrayal” over the “shocking” allegations about Korea Land and Housing Corp. (LH) employees involved in real estate speculation in...

2021.3.10

Protesters on Wednesday demand the scrapping of a Gwangmyeong-Siheung development plan in front of a property allegedly bought by an LH employee based on inside information. [YONHAP]

Cities identify 13 employees who bought land

Gwangmyeong and Siheung city governments announced Wednesday that they have respectively identified five and eight new city employees who bought land on the site of the Korea Land and Housing Corp's (LH) Gwangmyeong-Siheunng New Town development.

2021.3.10

Members of the National Farmers' League protest purchases by LH employees of agricultural land outside of the company's headquarters in Jinju, South Gyeongsang on Monday. [YONHAP]

Prime minister forms unit to investigate LH land deals

Prime Minister Chung Sye-kyun on Monday ordered the establishment of a special investigative task force to probe allegations of the illegal selling and acquisition of certain properties by officials at the Korea Land and Housing Corp. (LH).

2021.3.8

A real estate agency in Seoul posts rents on Wednesday. According to the Korea Appraisal Board, jeonse prices rose at the fastest pace on month in nearly five years as landlords increase prices ahead of the new regulations that limit rent increases and require contract renewals. [YONHAP]

Squad formed by government to fight property speculation

A crack team is being formed by the government to go after illegal activity in the property market. It will have extensive investigation authority and the powers to directly punish offenders.The goal is to form the new unit by the end of this year.

2020.9.2

Tirelessly testing public patience

The government has been genius in propping up real estate prices. It has so far rolled out 22 sets of real estate measures that all led to further rises in housing value and ripple effects in undeveloped areas. Many now suspect...

2020.7.27