Panama Defends Port Takeover Amid U.S.-China Tensions and Canal Dispute 
Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone 
Oil Prices Ease but Remain Set for Strong April Gains Amid Middle East Tensions 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks 
Oil Prices Surge Near $120 as U.S.-Iran Tensions Threaten Global Supply 
US Stock Futures Rise as S&P 500 and Nasdaq Hit Record Highs Amid Earnings Optimism and Iran Tensions 
Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns 
US Stock Futures Mixed as Fed Holds Rates, Oil Prices Surge, and Big Tech Earnings Drive Market Moves 
Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets 
Oil Prices Surge Amid U.S.-Iran Tensions and Supply Disruption Fears 
Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention 
US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves 
WTI Crude Oil Prices Rise Amid Iran Conflict Uncertainty 
US-Iran Conflict Escalates Amid Oil Blockade and Rising Global Tensions 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
China Factory Activity Extends Growth in April Despite Global Pressures 
In South Korea, there are three types of housing that people live in. The most common today is the high-rise apartments and the other two are the detached and row houses.
As mentioned, apartments are the most common so there are many residential buildings around the city and more are being built. Then again, it turned out that there are issues regarding housing in South Korea as it appears that there is a shortage in the country.
Call for more housing supply
The Korea Herald reported that the country’s Minister of Economy and Finance Hong Nam Ki has called on the government officials this week to speed up the efforts in drawing up a course of action to increase South Korea’s housing supply. He said that their main goal now is addressing the most pressing issue in the housing sector which is the high housing prices.
It is hoped that they will come up with measures to boost the supply and in turn, stabilize the housing costs. Likewise, the finance minister wants the officials to exhaust all possible programs or steps to
Finance Minister Hong Nam-ki called for mobilizing all policy efforts to suppressed the increasing home prices. The order from Hong came after the public criticized President Moon Jae In for the ineffective housing policy for which he already apologized to the public.
"As the property market issue is the most pressing one in terms of people's lives, policy efforts should be concentrated on stabilizing the market as swiftly as possible," Hong Nam Ki said through a virtual meeting with senior ministry officials.
In any case, the people are furious because the cost of housing in South Korea did not go down even after the government implemented plans to cool down the real estate market. Rather than decreasing, the prices have even gone up.
Housing in South Korea
Meanwhile, as posted on Statista, the cost of housing in South Korea is increasing steadily regardless of the government's newly-implemented policies that are aimed at stabilizing the housing market. It was said that this is the reason why people and foreign investors purchase homes for investment.
With the increasing housing prices, they think they can resell their property later at a much higher price. As the president promised, his government will work to lower the cost and make sure that prices will remain at a reasonable level.
