27.06.2012 - Korea different from Japan in property bubble: experts
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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