Court Standards for Determining Ordinary Wear and Excessive Damage One of the most frequent disputes between landlords and tenants upon the termination of a lease agreement is the issue of restoration to the original condition. Particularly in the case of commercial leases, demolition and restoration costs amounting to tens of millions of won…
◼ The Changing Map of Commercial Districts and Real Estate Due to the 'K-Tourism Boom' Seoul Megacity stands shoulder to shoulder with world-class tourist metropolises such as Paris, France; Tokyo, Japan; and Hong Kong, ushering in the first-ever era of 20 million annual foreign tourists. Public transportation infrastructure’s…
Tax investigations are the most firmly revealed manifestation of the government's determination to establish order regarding real estate. On May 19, exactly ten days after the suspension of heavy taxation on multiple homeowners ended, National Tax Service Commissioner Lim Kwang-hyun selected 127 individuals suspected of real estate tax evasion as targets for investigation and [conducted] intensive investigations and…
With the stock market recently experiencing an exceptional boom driven by the semiconductor supercycle and the global big tech rally, unique changes are appearing in the real estate market as well. Reducing jeonse deposits to use as seed money for stocks, or using stock profits to move to higher-tier locations and…
Why do prices differ for the same building? Investors look at the profit structure. This is an example of a neighborhood commercial facility located in the Seoul metropolitan area that was recently sold exclusively. When the request was first received, the building was an asset inherited through succession. The building owner did not manage it directly but operated it through a manager…
RE/MAX Korea's First Half Review; Steady Steps Taken Amidst a Variety-Driven Market. To those contemplating the future of the real estate brokerage industry, RE/MAX Korea has posed the question: "Will you move beyond being a mere broker to becoming a real estate expert equipped with a global system?" Now that the halfway point of the year has passed,…
In the fierce and cutthroat commercial real estate market, how many professionals are there who go beyond simple property listings to view the potential of real estate from a legal perspective, and who can recognize and manage the legal risks throughout the entire transaction process, including contracts? Legal affairs and…
<Sales> According to the National Housing Price Trend Survey for May 2026 released by the Korea Institute of Real Estate, the nationwide composite housing sales price index continued its upward trend, rising 0.211 TP3T compared to the previous month. While the Seoul metropolitan area rose by 0.471 TP3T, provincial areas fell by -0.021 TP3T, further exacerbating polarization between regions. In particular, Seoul rose by 0.911 TP3T, and…
DDP (Dongdaemun Design Plaza) is now transforming once again into a 'city to linger.' Recently, the number of investors looking at the DDP area in a new light has been gradually increasing. For a while, Dongdaemun was referred to as a collapsed commercial district. Following COVID-19, the decline in tourists, the expansion of online platforms, and the wholesale-centered structure...
RE/MAX Korea’s May: A Future Accompanied by Overwhelming Growth Proven on the Global Stage. To those contemplating the future of the real estate brokerage industry, the question RE/MAX Korea poses is clear: 'Will you move beyond being a mere broker to becoming a real estate expert equipped with a global system?' RE/MAX Korea [during the past]…
