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Korea different from Japan in property bubble: experts

Posted on 27 June 2012

A group of real estate experts downplayed the possibility of a Japan-like property bubble burst at a forum hosted by the Korea Chamber of Commerce and Industry on Tuesday.
Participants who shared the view that the nation’s property market is different from Japan included professor Choi Hee-gap from Ajou University. Choi said that Japan suffered a property market crash ― “which was initiated by enterprises in the 1980s” ― in the wake of policymakers’ rapid hikes in interest rates in the 1990s………………………………………..Full Article: Source

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