[THE INVESTOR] The median price of apartments in Seoul surpassed 700 million won (US$651,000) for the first time in January. According to KB Bank, the price rose 3 percent from the previous month, reaching 705 million won. The bank has been conducting surveys on the median apartment price since December 2008.
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The median price is the figure in the middle of the numbers that range from lowest to highest.
(theinvestor@heraldcorp.com)