With the deadline for the extension of the officetel usage change approaching on October 14, the discussion around residential accommodations is heating up once again. Residential accommodations, equipped with cooking facilities, are becoming increasingly suitable for the growing trend of long-term stays worldwide. In this brief, we delve into the current status, key issues, and prospects of residential accommodations and explore considerations for their transformation into competitive lodging facilities.

Issue Report: Current Status and Challenges of Serviced Residences in South Korea

Key Economic Indicators