Pohang and Jeonju's Sub-5 Billion Won Apartments Vanish Amid 40% Surge in Cement Prices and Skyrocketing Labor Costs
South Korea: The skyrocketing costs of construction, primarily due to a 40% increase in cement prices over the past three years and continuous rises in material costs and wages, have pushed apartment offering prices beyond the reach of key demand groups, notably newlyweds.
