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How South Korea’s AI Boom Is Spilling Into Housing - Video học tiếng Anh

How South Korea’s AI Boom Is Spilling Into Housing

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0:00The AI boom is usually told as a Silicon

0:02Valley story, but some of the biggest

0:04winners are thousands of miles away in

0:07South Korea.

0:08And their windfall is now spilling into

0:10an unexpected place, the housing market.

0:13>> Home sale prices, also rent prices, and

0:16tons uh which is a system unique to

0:18Korea where you pay a huge lump sum in

0:20advance, all three of these data points

0:22[music]

0:23rose in the month of June. So, people

0:25are calling it the {quote} "triple

0:27rally."

0:28>> In South Korea, apartments, especially

0:30in Seoul, are more than just places to

0:32live.

0:33>> Before we saw this massive rally this

0:35year, [music] people just like to invest

0:38in the housing market because there is

0:39no alternative for savings and

0:41investment. So, housing market has

0:44provided very stable return for very

0:47long time.

0:47>> Owning a home is sort of the Korean

0:50dream for all Koreans. I think in Korea

0:53is a reflection of what people consider

0:56as their safety net as well as a symbol

0:59of success.

1:00>> The Bank of Korea estimates that for

1:01non-home owners, about 70% of stock

1:04gains are estimated to flow into real

1:06estate. And from January to April 2026,

1:10home buyers used about 3.7 trillion won,

1:13or roughly 2.4 [music] billion US

1:14dollars, from stocks and bond sales to

1:17fund purchases.

1:18>> I think it's an ironic turn of events

1:21because the government wanted to boost

1:24the stock market so that people could

1:26move away from homes into the stock

1:28market, but people are coming back to

1:30the property market with the money that

1:32they earned in the stock market. And

1:34it's also sort of this vicious cycle.

1:36>> That deepens what the Bank of Korea

1:38calls complex polarization. The wealth

1:41gap between households that own property

1:43and those that don't is now about 470

1:45million won, more than nine times

1:47[music] average household income.

1:49>> Recent data from Deutsche Bank show that

1:51Seoul is the third most expensive city

1:53to buy a home after Hong Kong and

1:56Zurich.

1:56>> The danger is not that one stock market

1:58[music] sell-off would immediately crash

2:00home prices. Is that the same wealth

2:02channel pushing stock gains into housing

2:04depends on confidence.

2:06>> It's really long-term potential threat.

2:09Recently, the government is pushing for

2:12like the mega project broadening the

2:14gains from [music] the chip sectors to

2:16other sectors and that they want to

2:19cultivate new growth engine for future

2:21growth.