COGNICURRENT

Apartment prices in the Seongdong and Dongjak districts of Seoul's Han River Belt have begun to decline, following a trend that started in the affluent Gangnam area.

Apartment transaction permit application prices in the Gangnam 3 districts and Yongsan have turned to a downward trend, contrasting with continued price increases in other areas of Seoul.

The Bank of Korea has officially launched Phase 2 of the Han River Project to establish a digital currency system and commercialize deposit tokens.

The official prices of apartments in Seoul have increased by 18.67% this year, more than double the national average increase of 9.16%, highlighting a stark contrast between Seoul and other regions in South Korea.

An audit reveals that the Han River Bus project in Seoul, led by Mayor Oh Se-hun, fails to meet speed requirements necessary for effective commuting and raises concerns over its economic viability.

The Board of Audit and Inspection revealed that the Seoul Metropolitan Government violated regulations in determining costs for the Han River Bus project and misled the public regarding the project's operational speed to proceed with it.

Former Daegu mayor Hong Joon-pyo criticized Seoul mayor Oh Se-hoon for his initiation of the Han River Bus project, claiming it resembles merely a sightseeing service without necessary infrastructure.

As the end of the tax exemption for multiple homeowners approaches, apartment prices in Seoul's Gangnam area have fallen for three consecutive weeks.

Seoul City has initiated a challenge that awards points for visiting Han River Bus stops through its health management app, 'Wrist Doctor 9988', leading to controversy over whether the initiative truly promotes health or mainly boosts bus ridership.

The announcement of the end of the capital gains tax relief for multiple home owners in South Korea is expected to lead to a significant increase in real estate transactions and reveal actual housing prices in the upscale areas of Seoul.

The Han River Bus, which recently commenced operations after undergoing safety inspections, is already facing issues with malfunctions despite being declared compliant with safety standards.

The Han River Bus will resume full operations from March 1, following a past accident, with a new transfer system at Yeouido separating routes into east and west.

Construction has finally begun on the long-requested Han River Connecting Footbridge in Misa Gangbyeon City, Hanam, marking the beginning of a new era of accessibility to the Han River for local residents.

Rare photos of 'Mudo', a historical island in the Han River that was destroyed and buried during the Gangnam and Jamsil developments in the 1970s, have been discovered for the first time.