SEOUL, SOUTH KOREA-The South Korean real estate market is introuble as prices are down 10% in the greater Seoul region and down20% in other regions of the country.
Meanwhile, large-scale commercial projects have halted due to alack of finance with demand for homes taking an especially big hitdue to a high household debt.
After investing in numerous construction projects during thereal estate boom, the South Korean government and many companieshave become more selective at present.For the full story, go toThe Wall Street Journal.
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