A parliamentary subcommittee passed a special bill Monday aimed at assisting victims of a series of home rental scams, including offering them interest-free loans.
Parliamentary subcommittee passes special bill to help 'jeonse' fraud victims – The Korea Times koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.
The land minister said the recent downward trajectory of housing prices is “not sharp,” and that the dip of around 6 percent in the first eight months of this year is relatively small compared to the over 50-percent increase in housing prices seen over the past few years. The real estate market slowdown is happening as part of macro-economic and financial conditions, such as interest rate hikes, according to Minister of Land, Infrastructure and Transport Won Hee-ryong.