World NewsEnglish · 2 days ago

Not even lottery jackpots are enough to buy apartments in Seoul

www.koreatimes.co.kr

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Not even lottery jackpots are enough to buy apartments in Seoul

www.koreatimes.co.kr

schizoidman@lemmy.zip to

World NewsEnglish · 2 days ago

cross-posted to:
[email protected]

Not even lottery jackpots are enough to buy apartments in Seoul - The Korea Times

www.koreatimes.co.kr

Cho Soo-chul, a Seoul tenant in his 40s, has been buying lottery tickets for years with the hope of winning enough money to buy a home, a goal he f...

jackpots in 2025 averaged 2.06 billion won ($1.41 million), which falls to 1.4 billion won once taxes are deducted.

That after-tax amount is below the average price of an apartment in Seoul, which was 1.5 billion won in December 2025, according to separate data compiled by KB Land, the property data tracker of KB Kookmin Bank.

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CeeBee_Eh
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19 hours ago
Well, $1.4M is less than $40M. So not sure what you’re trying to say.

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