Seoul dreams fade, as housing prices hinder relocation

For decades, moving to Seoul was regarded as a pathway to success for young Koreans.

But young people seeking to relocate today are increasingly dependent on family wealth due to high housing prices and cost of living expenses.

According to a July report by the Organization for Economic Cooperation and Development and the Bank of Korea, social mobility has become difficult for people whose parents do not have the financial means to support their children.

The report found that social mobility ha ...