QUARTER OF A LIFE’S EARNINGS SQUIRRELED TO OWN A PROPERTY IN SEOUL

• A Seoul citizen has to preempt his entire income without spending a dime for more than 12 years if he intends buying a house in the city.
• This is owing to the country’s scaling apartment prices, according to data released on Monday. 

The capital city’s house price to income ratio, or PIR -- a widely used yardstick  of house affordability in a given region -- reached 12.13 in 20....