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.

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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.

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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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