“It’s like living in a cemetery.” Jung Seongno lives in a banjiha, or semi-basement apartment in the South Korean capital Seoul. Last August parts of Seoul experienced major flooding. As a result several people, including a family of three, drowned in their banjiha. Seongno dreams of having a place where the sunlight and the wind can come in.

These subterranean dwellings are just one example of a growing wealth divide in Asia’s fourth largest economy. With almost half of the country’s population living in Greater Seoul, the struggle to find affordable housing has become a major political issue. It also contributes to Korea’s worryingly low birth rate. The inability of young people to afford a home of their own means they are not starting families. Many have given up on relationships altogether.

John Murphy reports from Seoul, where owning a home of your own is so important and yet increasingly unattainable.

Produced and presented by John Murphy