Graph of expected housing prices in Seoul Korea 2021

Prices for apartment houses in Korea have risen by nearly 20% this year. As a result, the tax burden for home ownership in Korea is expected to surge, with taxes for multi-home owners in the Seoul metropolitan area increasing by more than double.

Why it matters: The Korea housing market is a fire growing out of control. Every year, tens of thousands of apartments are built to meet insatiable speculative demand, yet they remain unoccupied due to high prices, multi-home owners, and Korea's dwindling population

Graph of online shopping by commodity in Korea 2020 to 2021

Fueled by the Covid-19 pandemic, South Korea's online shopping transactions continued to show sustained growth in January 2021 year-over-year compared to 2020.

Why it matters: South Korea over the last few years has exploded into an e-commerce powerhouse, ranking 2nd globally in terms of online shopping per capita rate (51%). Recent statistics show that this trend is transforming the lives of ordinary Koreans.


The latest public data show how Koreans prefer to spend their leisure free time on the weekends and holidays.

The breakdown: Take a look at the data according to sex, education and income levels, age, marital status, and Seoul district. Find out what roles Korea's unique competitive culture and history play in how Koreans approach their hobbies.


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