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Reuters
Reuters
Business
Cynthia Kim

Ahead of election, South Korea's long-frenzied housing market shows signs of cooling

FILE PHOTO: The skyline of central Seoul is seen during a foggy day in Seoul March 4, 2015. REUTERS/Kim Hong-Ji

Seoul's housing market, one of the most unaffordable in the world, has begun to show signs that its red-hot five-year boom could be running out of steam - just in time for the March presidential vote.

Housing is one of the biggest issues in the neck-and-neck election, with prices in the capital having doubled since 2017 when President Moon Jae-in first took office, leaving many millennials facing a lifetime of financial insecurity.

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