About the Author

Won-Gi Jung
Won-Gi Jung is a reporter based in Seoul. He previously worked for the CSIS Korea Chair and East Asia Institute. Follow him on Twitter: @jungwongida.
There are few markets in South Korea more competitive than real estate. So in 2018, at the apex of President Moon Jae-in’s outreach campaign to North Korea, many saw this as an opportunity to invest in property near the inter-Korean border.
Jo Byung-ouk, a long-time real estate agent specializing in the area, said he had never seen anything like it in his 18-year career.