Although South Korea's real estate market suffered a drop this year as a result of the economy, Gangnam's apartment prices keep on rising, especially this past month -- likely influenced by the sudden phenomenon of the song "Gangnam Style", which has put the trendy Seoul district in the global conversation.
A browse through Seoul Apartments, a website listing apartments in South Korea's capital, saw almost all prices remain stagnant or even drop, except in Gangnam. The most expensive of which, with rent at 7.6 million Korean won per month (about US$ 7,000), is a single bedroom luxury penthouse in the heart of Gangnam's nightlife district. This property's rent rose 10% in the past month -- almost unfathomable in the US or UK today.
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