According to domestic media reports, housing costs are rising as a result of continued high housing prices in the capital, seoul, and many people are “leave from seoul”, a phenomenon that is increasing. For many, the term “buying a house” has become a constant in seoul。
South koreans are increasingly fleeing seoul
It has been reported that, as the prices of apartments and rental housing in seoul have risen sharply in recent years, it is difficult for workers in seoul to find accommodation in seoul on the basis of salary alone. This has further increased the tendency to flee seoul, given the ease of transportation between seoul and surrounding areas. According to media reports, the average sale price of apartments in seoul in october exceeded 1. 2 billion won (approximately rmb 6. 4. 9 million). However, in 2017, the average price of a residential flat in korea was 600 million won。
According to the latest data released recently by the korea real estate research corporation, between 2015 and 2020, 34. 14 million people moved from seoul to live elsewhere, averaging 569,000 per year. It is known that more than 430,000 people have joined the group that fled seoul in the first nine months of 2021。
Mention should be made of reports that, in the early days of his term in office, the president of the republic of korea first introduced the key word “income-led economic growth” and made repeated commitments to take measures to combat the problem of house demolitions, but after 25 housing-control rounds, the results remained minimal and housing prices continued to climb. Earlier, during his inaugural speech at the presidential palace, ching huatai, wen said, “the issue of real estate has been the most regrettable in the past four years, and i cannot speak for it”。
The latest data show that korea has the highest youth suffering index
In addition to this, there are reports of a worsening employment situation in korea as a result of the country's bleak economy. According to some experts, “the economic factors that need to be taken fully into account in the design of economic policies can really mobilize people, which the current korean government has not done”. In addition, preliminary accounting data previously published by the central bank of korea show that in the fourth quarter of 2020, GDP growth in korea was 1. 1 per cent, and the economy grew at -1 per cent throughout the year. This was a 22-year period since the asian financial crisis of 1998。
Reports indicate that the dire economic situation in korea also involves employment in the country. Data released recently by the korea institute of economic research show that in the first half of 2021, the indicator of suffering experienced by the 15-29 age group was 27. 2, the highest among all age groups. The unemployment rate in the first half of the year was 25. 4 per cent for the youth population in korea, and according to a professional at the korea institute of economic research, the hardship of employment, combined with the normalization of the new crown disease in korea, is deepening the suffering of the youth population。
Korea is recognized by the united nations as a developed country
Ironically, just on 7 july, local time, unctad officially recognized korea as a developed country through the korea status change. Then, in the words of cai, south korea has been recognized by the international community as a truly developed country. He stated that since the creation of unctad in 1964, korea had been the first country to change its international status, “it is very proud”. He stressed that, as a developed country, korea had a corresponding international responsibility to continue along the path of developed countries。
However, according to the media, “the republic of korea has many unresolved issues, but man has only one last year of his presidency”. In particular, the problems of housing and employment are testing the government. It is worth noting that on the occasion of the 2022 presidential election in korea, analysts have indicated that if the future government is better able to restore fundamental welfare, security, life, and environmental values, the nation will duly evaluate the government in china。
