The Future of Urban Real Estate in the Era of PropTech 3.0 The integration of real estate and technology, known as PropTech, is redefining the value of our living spaces beyond simple app services. This industry, which once focused on "finding homes through apps," is undergoing a significant evolution by combining technologies such as AI, big data, and blockchain, fundamentally changing the nature of assets. The history of PropTech can be divided into three phases. The initial phase, PropTech 1.0, marked the "digitalization of information," fo June 4, 2026

Lee Kwang-jae Wins By-Election in Gyeonggi's Hanam Gap, Returns to National Assembly In the Gyeonggi Hanam Gap by-election held on June 3, Lee Kwang-jae of the Democratic Party was elected, securing his return to the National Assembly. In his victory speech, he stated, "I will make Hanam the most livable, healthy, and happy city in South Korea," adding, "I am committed to making it the best city." According to the National Election Commission on June 4, with 98.59% of the votes counted as of 3 a.m., Lee received 49.89% (43,793 votes), surpassing Lee Yong, the candidate fr June 4, 2026

Election Commission Addresses Ballot Shortage During Local Elections The National Election Commission (NEC) acknowledged on June 4 that a shortage of ballots occurred during the 9th nationwide local elections, stating, "We take responsibility," but emphasized that this does not warrant a postponement or a re-election. In a statement released early that day, the NEC apologized for the confusion and inconvenience caused to voters at some polling stations on June 3 due to the lack of ballots. "We deeply regret the disruption to the exercise of voting rights fo June 4, 2026

Woo Sang-ho Likely Wins Gangwon Governor Race as Kim Jin-tae Concedes Woo Sang-ho, the Democratic Party candidate for Gangwon Governor, is likely to win the June 3 local elections, with Kim Jin-tae of the People Power Party conceding the race. As of 4:15 a.m. on June 4, with over 90% of the votes counted, Woo is leading Kim by more than 20,000 votes. During the campaign, Woo emphasized that he was the candidate chosen by President Lee Jae-myung, appealing for support. Despite facing criticism during a TV debate for not being well-acquainted with Gangwon, June 4, 2026

Han Dong-hoon Wins Seat in National Assembly Amid Local Elections In the by-elections held alongside the June 3 local elections, the Democratic Party is projected to win between 9 and 11 of the 14 contested seats. As of 4 a.m. on June 4, the Democratic Party has secured a strong position in 8 districts, while the People Power Party has confirmed victory in only 2. The most closely watched district, Busan Buk-gap, saw independent candidate Han Dong-hoon claim victory, while Yoo Yi-dong of the People Power Party was confirmed as the winner in Pyeongtae June 4, 2026

Voter Turnout Reaches 61% in Local Elections, Second Highest in History The voter turnout for the 9th nationwide local elections reached 61.0%, marking the second highest in history. According to the National Election Commission on June 4, the final turnout for the June 3 local elections was recorded at 61.0%. The elections began at 6 a.m. at 14,288 polling stations across the country, with 27,249,586 out of 44,649,908 registered voters participating. This figure includes results from early voting conducted on May 29 and 30, which had a turnout of 23.51%. T June 4, 2026

Choo Kyung-ho Wins Daegu Mayoral Election, Defends Conservative Stronghold Choo Kyung-ho, the candidate from the People Power Party and a former Deputy Prime Minister, has won the Daegu mayoral election. In one of the most fiercely contested areas of the June 3 local elections, he successfully defended the "heart of conservatism" against the ruling party's challenges. Choo entered the race late due to delays in the party's primary, initially trailing behind Democratic Party candidate Kim Boo-kyum in early polls. The election in Daegu, known for its strong conser June 4, 2026

Jeon Jae-soo Wins Busan Mayoral Election, Thanks Voters for Choosing Change Jeon Jae-soo of the Democratic Party has been elected as the Mayor of Busan, defeating Park Hyung-jun of the People Power Party in one of the key battlegrounds of the June 3 local elections. This marks the first time a Democratic Party candidate has held the Busan mayoralty since Oh Geo-don was elected eight years ago.According to the National Election Commission, as of 3:30 a.m., with 95.42% of the votes counted, Jeon secured 50.40% of the votes, while Park received 48.04%.Upon confirmation of June 4, 2026

Park Chan-dae Secures Victory in Incheon Mayoral Election Park Chan-dae of the Democratic Party is projected to win the Incheon mayoral election held on June 3. A native of Incheon, Park previously served three terms as a National Assembly member for the Yeonsu district. As of 3:20 a.m. on June 4, Park was leading by nearly 10 percentage points over his opponent, Yoo Jeong-bok of the People Power Party. In response, Yoo acknowledged his defeat, stating, "I humbly accept the stern choice of the citizens." Upon confirmation of his victory, Park a June 4, 2026

Jokuk Acknowledges Defeat in Pyeongtaek By-Election In the by-election for the National Assembly held alongside the local elections on June 3, Jokuk, the candidate from the Jokuk Innovation Party, conceded defeat on June 4. After the victory of the People Power Party's candidate, Yoo Yi-dong, Jokuk stated, "The top priority of the June 3 local elections was to achieve a zero presence of the People Power Party. While we achieved meaningful results nationwide, we were unable to fulfill that mandate in Pyeongtaek. This is all my shortcoming June 4, 2026