An aerial view of residential apartment buildings and houses in Seoul, South Korea. Photo: BloombergAn aerial view of residential apartment buildings and houses in Seoul, South Korea. Photo: Bloomberg
An aerial view of residential apartment buildings and houses in Seoul, South Korea. Photo: Bloomberg

South Korea’s soaring property prices dash home ownership dreams for ‘dirt spoons’

  • Seoul is struggling to curb runaway home prices, which have risen an eye-watering 34 per cent on average since President Moon Jae-in came to power
  • His ruling Democratic Party has pushed through a slew of measures in a bid to cool the market, but prices – and the public’s anger – continue to rise

Topic |   South Korea
An aerial view of residential apartment buildings and houses in Seoul, South Korea. Photo: BloombergAn aerial view of residential apartment buildings and houses in Seoul, South Korea. Photo: Bloomberg
An aerial view of residential apartment buildings and houses in Seoul, South Korea. Photo: Bloomberg
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