In Korea, aging phenomenon is in rapid progress along with the farewell of baby boom generation. The market has been changed significantly by new issue over residences, market change by moving out from parents' place, investment for later years and so on as the large group - 15 percent of national population - disappeared from the society.
The baby boom generation is a main agent of price increase of real estate market, in favor of real estate property, investing more than 75 percent of their household assets to tangible property of real estate and financial asset is around 20 percent. Thus, for this reason of the farewell of babyboom generation and moving out from parents' place, most of them are expected to remove their housing and the change in real estate market will take place due to residence movement and aged preparation along with the preparation of residence for later years.
The rate of residence in their own homes for the generation after their retirement is evidently on the rise and the baby boom generation may also want to acquire and expand housing like this after their age of 60. However, this applies to those who want to move out to local and rural area and others who live in the urban center prefer a residence of 30 pyeong which is profitable. That ts, they prefer center of the city to either house or apartments in rural area. Especially, in case of the baby boom generation - who is able to afford to purchase - prefers life in the center of the city to moving out to rurlal areas, and at the same time, a stable life after their retirement to expansion of housing size. They are in favor of investment to profitable real estate such as officetels and shopping districts, which create fixed profits, and to available areas in the center of the town.