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S. Korea to support builders, boost slumping housing markets

Posted on 02 May 2011

South Korea plans to provide support to local builders and actively dispose of soured construction loans in a bid to boost the sluggish construction sector, government officials said Sunday.
The government also said it will offer tax benefits on real estate investment trusts and funds to lure investments in a pile-up of unsold houses in an effort to boost housing market transactions. A set of steps were drawn up by collaboration with the land ministry, the finance ministry and the financial regulator……………………………………….Full Article: Source


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