Real Estate Market of the Republic of Korea: the Problem of High Housing Prices and Governmental Measures

Abstract

The problem of excessively high property values has been a
pressing problem for both the government of the Republic of
Korea and ordinary citizens for a long time. Today, this question
has become a critical problem, since prices on the market are
rising monthly, the attempts of the Government of the country
to change the situation have not yet led to meaningful outcome,
and the pressure on the society continues to grow. This article
examines the reasons for the rise in housing prices, the current
situation in the real estate market in the Republic of Korea,
government regulation measures, and the main market trends.
The author draws attention to the policy of the administration
of the incumbent President of the Republic of Korea Moon Jaein
regarding to the real estate market. The study advances our
understanding of the problems of the real estate market in the
Republic of Korea and its current status.