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South Korea takes steps to stimulate housing market

Posted on 02 April 2013

South Korea unveiled measures on Monday aimed at stimulating the property market, the first of an expected string of moves from the government of President Park Geun-hye to lift the faltering economy.
Under the plan, first-time home buyers with lower incomes would be allowed to borrow more than the maximum amount set under the existing regulations and would enjoy a lower interest rate than usual when borrowing from a government-run fund………………………………………..Full Article: Source


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