With the country in the midst of a severe housing shortage, many locals have turned to the rental market, which has helped them buy up properties and stay in them.
Here’s what they think is the most valuable in South Korea.
K-pop hotspot Daegu: The South Korean singer-songwriter Kim Jong-nam is famous for his hit songs such as “Come Together”.
But in recent years, Daegu has become one of the hottest real estate markets in the country, and it’s attracting some of the world’s biggest names.
“There’s a lot of demand, and some of these people have really high incomes,” Kim says.
He points to a building at the corner of a residential block in Daegu that was sold last year for more than $1 million, but he thinks its worth even more.
Kim says he has a house in a posh neighbourhood, but when he was young he lived in the back of a small trailer in Daewoo, a town of about 100,000 people just west of Seoul.
The property has a basement that has a pool and a garden, and is surrounded by a park, which he says is very close to his studio.
“My mom bought it a long time ago, and she’s very proud of it,” Kim said.
The price he paid for the home was around $4.5 million.
“I’ve always loved living in a big house, so I bought this for a good price, but I’ve always wanted to live in a smaller place, because it’s easier to live here.”
Kim says that he would never have bought a house like this if he wasn’t interested in the Korean lifestyle.
He is also a fan of luxury cars and even has a Ferrari.
Dalian Wanda: Wanda Group owns the Grand Hyatt hotel and the Grand Park hotel in Dalian, China, and they also own the Shanghai Disneyland Resort.
It is believed to be the most expensive property in the world, with a price tag of more than a million dollars.
The luxury hotels and hotels in Dalia are also one of Wanda’s main business areas.
The hotel at the center of this story was sold for $6.8 million in January, but it is expected to sell for much more soon.
In Dalian it is not uncommon to see people buying and selling their homes, and there are even some speculators who have purchased entire apartments for thousands of dollars.
“These people come in for short periods of time, and then they sell them off,” says Kim.
“We’re getting a lot more speculators.”
In March, Wanda bought the luxury hotel at a price of $7.8m.
Jangjae District: Jangju, located on the outskirts of Seoul, is a popular destination for foreign tourists.
But many locals still feel uncomfortable visiting the area because of the high crime rate and poor infrastructure.
But the area has seen a big jump in property prices over the past couple of years.
According to real estate website Real-estate.kr, there are currently about 200 properties for sale in JangJae.
Some of them are listed at $1.2 million or $1 billion.
A property in a building owned by Jang Jae Group, which owns several other apartments, was listed at nearly $2 million in December, but the property is believed still to be worth more.
Jungjin Park, a building that was built in the 1960s by Korean architect Jang Hyung-yeol and was once a hotel, was sold at $4 million last year.
It has a large courtyard and is close to the tourist area.
Jwangje Park was built as part of the city’s Olympic and Paralympic Park.
“It’s been around for a long, long time,” Kim notes.
“The area is well known, and its still a popular tourist destination.”
Changwon District: The city of Changwon is one of South Korea’s busiest, and a major tourist destination.
It’s home to major universities, major companies and major shopping centres, and even a number of large international companies.
But one of its major issues is its housing shortage.
With housing being so expensive in the city, many families have moved to the suburbs of the cities.
The shortage has resulted in a sharp increase in the number of new listings for properties in Changwon.
The most expensive listing in Changwan was in December at $5.9 million, and according to the real estate portal Koryo, it is now the most popular listing in the entire city.
The current median home price in Changwon is $1,929,000, and prices have jumped by more than 30 per cent since last year, according to Kory