Social Affairs
[Seoul Struggles 6] Seoul not so welcoming to newcomers when it comes to housing
May 4, 2021
For 28-year-old Hong Seong-kyun, buying a home in Seoul has been near the top of his bucket list for years, even before he started worrying about getting a job in the city. Born and raised in Seoul, he thought owning an apartment, however small it might be, was not a far-fetched dream. But years later, he has come to know otherwise. Hong now has about 15 million won ($13,370) sitting in his savings account, which guarantees nothing when it comes to housing. The 28-year-old spends about eight h