Teenage boy confesses to mistakenly stealing bike to take care of siblings
Broadcaster warned after omitting honorific for first lady
[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
Yoon says 2,000 increase in med school quota non-negotiable
S. Korea to tighten export controls on Russia, Belarus
Housing costs up 3% in 9 monthsBy 박윤아
Published : Oct. 19, 2016 - 13:54
The housing cost refers to overall spending related to maintenance, utility payments and other residential services, Statistics Korea said.
In comparison, consumer prices rose 0.9 percent during the cited period. It means that the cost of owning and living in a home has jumped three times as high as that of consumer prices, it said.
The housing cost has been staying above the growth rate of consumer prices since 2011 when the two gained 4 percent compared to a year earlier.
The data results showed that consumer prices have been on the decline due to a fall in oil prices, but the cost of owning and living in a home has been on the rise due to the hike in home prices and home rental system known as jeonse.
Why Korea has been so quick to adopt ‘global minimum tax’
Russia sending NK food in return for arms: Seoul defense chief
Legality issues linger as nurses fill treatment void Tuesday