Korea Economic Slice: Landlords & Tenants, A Real Estate StudyAug 6th, 2010 | By Rob | Category: DS Feature, Korea
August 5, 2010 -Korea is a land of limited space and high population. It’s borders surround just under one-hundred-thousand square kilometers, making the land mass a bit larger than the U.S. state of Indiana, with a population of approximately 48,000,000; over seven times that of Indiana. It’s safe to say that the result of these basic observations has for years been a high demand for real estate in Korea. This week we’ll discuss the state of the South Korea real estate market by investigating the Korean “Jeonse” (key money) lease process, deciphering broader implications of economic downturns on the industry, and looking for answers to the looming supply of unfilled apartment skyscrapers in years to come.
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