Last year, Korea's market capitalization exceeded 5,000 trillion won for the first time since statistics were compiled in 1995.

The ratio of the market cap to gross domestic product (GDP) also rose to the highest level.

The Bank of Korea announced that at the end of last year, the total market capitalization of the Urinera housing market amounted to 56.75 trillion won.

This is an increase of 7.4% from 4,709 trillion and 1,118 billion won last year.

The domestic market capitalization exceeded KRW 1 trillion for the first time in 2000 and recorded KRW 2 trillion in 2006, six years later.

Four years later, in 2010, it rose to KRW 3,000 trillion, and in 2016 to KRW 4,000 trillion, and for the first time last year, it reached KRW 5 trillion.

The total amount increased by 1,000 trillion won in just three years.

Compared to economic growth, the market capitalization ratio relative to nominal GDP, which indicates how much the housing market has been active, hit a record high of 2.64 times last year.

This is because Korea's nominal GDP growth rate is decreasing, while the market capitalization of the house has increased significantly.

What was 2.35 times three years ago rose to 2.48 times in 2018, and rose to 2.64 times last year, setting a record high.

Professor Seong Tae-yoon of Yonsei University analyzed, "As multi-home regulation began in earnest, the ratio of housing market capitalization to GDP rose rapidly." 

(Photo = Yonhap News)