While investigating the rental market in Seoul, I spoke with Yonjoo Oh, CEO of Reloko. Yonjoo said it is important for assignees to understand the various ways of renting a property before they arrive in South Korea.
Due to limited supply, rents have risen steadily despite a brief slump at the beginning of the COVID-19 pandemic. Supply is not expected to increase significantly until 2022 at the earliest. Demand for rentals in smaller towns outside of Cologne increased over the past year in response to rising rents and low supply in the city center.
AIRINC is featured in the February edition of Mobility, a magazine that "examines the key issues affecting the global mobility workforce." This article appears on page 10, the "Tips and Trends" section, and is entitled Housing Markets on the Rise—and Not.
Berlin rents increased over the past year. Demand is growing from new start-up companies and larger international companies establishing headquarters in Berlin. Construction of new rental units is underway but expected to take a few more years before appearing on the market.
Before assignee’s arrive in South Korea, it’s important for them to understand the variety of ways to rent a property. In general, there are three different rental payment methods in South Korea, and a mix of all three is typically used in any given city.
During AIRINC’s November onsite surveys in Korea, aspirin was still absent from pharmacy shelves. The 500mg tablets have not been available for purchase since December 2016, when the Korean Ministry of Food and Drug Safety determined that the dissolution rate did not meet its standards.
