South Korea is converting hotels and offices into rented flats in an attempt to ease housing shortages.
The government said yesterday that it would provide 114,000 homes for public housing over the next two years by buying empty hotels and offices and renovating them as residential studios.
President Moon Jae-in has announced more than 20 rounds of measures to stabilise the property market since he took office three years ago, when he made the housing problem one of his social welfare priorities.
