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What can S Korea do about its stagnant housing market?

Posted on 20 March 2013

South Korea’s protracted housing slump is causing a headache to its new government. President Park Geun-hye faces a challenge in boosting stagnant property prices, which has been holding back domestic consumption in Asia’s fourth-largest economy.
South Korea’s house prices have been flagging for the past two years and are showing no signs of recovery this year with the economy forecast to grow only 2.8 per cent after last year’s estimated 2.0 per cent expansion………………………………………..Full Article: Source


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