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Ministry to develop 'green' ports

Korea Herald 16.04.2009
Ministry to develop 'green' ports

The government will push ahead with a comprehensive plan to develop "green ports" in a bid to achieve eco-friendly and sustainable growth, officials said yesterday.

More builders reach deals with creditors

Restructuring of local construction companies is gaining momentum, as an increasing number of them are reaching agreements with their creditor banks.

More expats fall prey to rogue property agents

Elizabeth Soh Asia One Business 06.04.2009
More expats fall prey to rogue property agents

More expatriates have become victims of tricky landlords, dodgy tenancy agreements, disappearing deposits and other rental snares.

S.Korea housing prices fall for 6th month in March

Housing prices across South Korea fell 0.2 percent in March from February, marking the sixth consecutive monthly drop, data from the country's top lender showed on Wednesday

Korea's Hub City

Kim Jae-won Korea Times 06.04.2009
Korea's Hub City

Gwangju is one of South Korea's five main cities and boasts 16 colleges, consisting of 130,000 students.

Apartment prices in Gangnam rally

The price of apartments scheduled for reconstruction in Seoul's Gangnam area has risen to that of last September last year, industry officials said yesterday.

Bank deposits drop on low interest rates

The Korea Herald 02.04.2009
Bank deposits drop on low interest rates

Major commercial banks in Korea suffered a sharp drop in deposits last month, while securities companies enjoyed a surge in customer funds as low interest rates prompt an outflow of money from banks, according to industry data released yesterday.

Robust income keeps South Korean property returns in the black, says IPD

IPD will tomorrow launch its 2008 results for the performance of the South Korean commercial property market. According to the IPD Korea Annual Property Index, now in its third year, total returns for 2008 were 4.0%, down from 26.7% in 2007 when its performance was second only to South Africa’s across IPD’s entire global network.

More focus put on green buildings

The Korea Herald 31.03.2009

Lotte skyscraper gets final go-ahead

The Korea Herald 31.03.2009
More focus put on green buildings

Local governments and businesses are bracing to make their working environments more eco-friendly, implementing more energy-saving and efficient resource recycling measures.

Lotte skyscraper gets final go-ahead

The government yesterday gave the final go-ahead to Lotte Group's plan to build a high-rise tower within the operational vicinity of a military airstrip south of Seoul, despite national security concerns.

Tax cuts for South Korea

Catherine Deshayes The Move Channel 27.03.2009
S. Korea's construction permits plunge over 20 pct in Feb

The nation's construction permits for residential houses plunged in February from a year earlier, affected by a protracted slump in the construction sector and an economic downturn, Yonhap News Agency reported citing a government report.

Tax cuts for South Korea

In an effort to stimulate their stalled domestic property market, South Korea has introduced new measures, including reducing the level of capital gains tax on land sales, in the hope that this will reverse the drop in demand...

SKorea lists 20 firms for forced restructuring

South Korea's financial watchdog Friday announced a second list of 20 troubled construction firms and shipyards which will face forced restructuring.

RPT-South Korea levels property taxes to lift economy

South Korea said on Sunday it would level the capital gains tax on land sales to a range of 6 percent to 35 percent already applied to single-home owners, as it struggles to stimulate domestic demand.

[Green Growth:Korea's New Strategy (10)]Sweden pioneers holistic urban development

The following is the 10th in a series of articles focusing on the Korean government's "green growth" strategy. The series will also introduce the increasing efforts of major advanced countries of the world to promote a green economy. - Ed.

South Korea introduces new real estate measures

South Korea is introducing new measures in a bid to stimulate the country's property market which has seen a huge drop in domestic demand.

[Letters]Be consistent and communicate

Joong Ang Daily 18.03.2009

Prices of Apartments on the Up

Digital Chosunilbo 18.03.2009
[Letters]Be consistent and communicate

Since I opened my own licensed real estate agency, I have gone through dramatic changes in the real estate market in Korea.

Prices of Apartments on the Up

Korea's slow real estate market is starting to show signs of recovery. According to the Ministry of Land, Transport and Maritime Affairs, the number of apartments sold in February was nearly 29,000, a 60 percent rise from the previous month.

 
Gov't Seeks Diverse Tax Benefits to Stimulate Economy

The government said Sunday it will offer tax cuts to companies selling their assets to pay financial debts as part of an effort to speed up corporate restructuring and help businesses brace for a protracted economic slowdown.

 
 

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