Korea, South REAL ESTATE MORTGAGE LOANS BANKS
All buildings in South Korea want to make earthquake-resistant
The authorities intend to oblige developers to use technology to protect from earthquakes in the construction of any real estate.

In accordance with the regulations in South Korea, the building height of three storeys or occupies more than 1000 square meters. m should be built earthquakes. A new government initiative is intended to extend this requirement to all other buildings.

First of all, we are talking about schools, because only 13% of such facilities in South Korea could withstand a major earthquake. With regard to private houses and shops, the authorities have not taken a clear decision. To date, the State guarantees tax exemptions for homeowners who voluntarily remodel their facilities, making them earthquake resistant, wrote The Chosun Ilbo.

The decision to move to the seismic resistance of construction was made after the tragedy that occurred in Haiti two weeks ago, when as a result of two devastating earthquakes, most of the buildings in the country was destroyed. The death toll is estimated at 200 thousand people.