Month: February 2023

SEOUL: A downturn in South Korea’s home prices is causing pain in the country’s unusual rent-free rental system that benefited landlords and tenants alike during a long surge in residential property prices. In the “jeonse” scheme, tenants put up a deposit typically worth as much as 70 per cent of the home’s value, then live […]

Since the border between China and Hong Kong reopened last month, tourism is creeping back to life, and the city has rolled out an aggressive campaign to attract visitors to stimulate its economy. In January this year, nearly 500,000 people visited the city, three times higher than in December 2022. Despite the jump in visitor […]