Evžen Korec

Korec graduated from the Faculty of Science at Charles University in 1981, with a degree in molecular biology and genetics. His master's thesis was titled, "Analysis of Susceptibility and Resistance to Rous Sarcoma Virus in Inbred Line of Minor Poultry." Between 1983 and 1986, he worked as a researcher at the Institute of Molecular Genetics at the Czechoslovak Academy of Sciences, where he received a Ph.D. in Oncology. His Ph.D. research involved investigating the expression of avian sarcoma virus antigens.

In 1992, he founded the real estate development company EKOSPOL and remains its CEO and chairman. EKOSPOL is one of the largest residential developers in the Czech Republic by market share of apartment sales.

Korec regularly lectures at the Prague University of Economics and Business and frequently comments on residential development, construction, housing, and the mortgage market in Czech media. According to a 2012 analysis by Newton Media, Evžen Korec and EKOSPOL had a significant media presence in the Czech development industry, with Korec's media mentions increasing by 216% year-over-year and EKOSPOL receiving nearly three times the coverage of its major competitors.

Korec's rule

As the CEO of EKOSPOL development company, Korec formulated Korec's rule, which says: "The final sales price of an apartment with the area of up to 50 m2 must correspond to a maximum of 20 times the annual rent in a given location. For larger apartments (large bedroom apartments, two-bedroom apartments, etc.) the sales price should be on the level of a maximum of 25 to 30 times the annual rent."

Korec is married to Jana, and they have one son.