Semiconductor Money Moves Into Seoul and Southern Gyeonggi Real Estate

As the Kospi has surged and performance bonuses in the semiconductor sector have grown, money earned from stocks and large bonuses are heading toward real estate in Seoul and southern Gyeonggi. The Bank of Korea analyzed that 70% of stock investment gains flow into property. According to the original report, many buyers are moving up from Icheon and Cheongju to Dongtan, while fewer jeonse listings and heavier capital gains tax also affect the market. Semiconductor-linked income is translating into purchasing power in preferred residential areas, stimulating housing demand in Seoul and southern Gyeonggi. Source: mk.co.kr