Young South Koreans Flock too Risky Real Estate Investments as Hope Dims for Traditional Wealth Building
Seoul,South Korea – A growing wave of young South Koreans,disillusioned with the prospect of building wealth through traditional salary-based savings,are aggressively turning to real estate investment,even employing unconventional strategies like “gap investment” [[3]]. Driven by soaring property prices adn stagnant wages,many in their 20s and 30s feel traditional paths to homeownership are unattainable,forcing them to seek choice routes to financial security.
The trend is fueled by a unique Korean lease system called “jeonse,” where tenants pay a large lump-sum deposit instead of monthly rent. This allows investors to purchase properties by covering only the “gap” between