South Korea
South Korea acts to bolster property market
The South Korea government will temporarily ease financial borrowing and tax rules to help bolster the local housing market, which has experienced a sharp drop in transactions since late last year.
Can households juice the property market?Kim Tong-hyung 27.08.2010 | South Korea set to announce property stimulus plansAndrew Batt Property Report 26.08.2010 |
 The country’s slumping housing market is proving to be a drag on the economy, but this isn’t stopping policymakers from making Herculean efforts to delay what appears to be the inevitable. |  The South Korea government plans to announce a package of measures to bolster the slumping local property market next week following policy coordination with lawmakers, a senior official said yesterday. |
Best Western Allamanda Laguna Phuket Opens etravelblackboardasia.com 21.02.2010 | S. Korea to spend US$1.5 bil on MarinasStaff Writer Propert Report 19.01.2010 |
 Best Western International – The World’s Largest Hotel Chain - announces the opening of Best Western Allamanda Laguna Phuket, situated on beautiful Phuket’s Bang Tao Beach within the stunning environment of the Laguna Phuket integrated resort. It joins the chain’s four other properties on Phuket. |  The South Korean government said on Tuesday it will invest 1.7 trillion won (US$1.5 billion) into building dozens of marinas across the country over the next decade, as part of an effort to boost the maritime leisure industry and enhance the nation´s overall tourism sector. |
Bluffs and confrontations over Korea’s exit strategyMoon So-young Joongang Daily 16.09.2009 | Taking aim at housing loansJung Ha-won Joong Ang Daily 07.07.2009 |
 The hot issue lately is when exactly Korea should end its extraordinary support for an economy battered by the global financial crisis - especially with production, employment and consumer confidence all improving. |  The Korean government has officially taken its first major step to rein in home loans and pre-empt a possible real estate price hike since the release of fresh data indicating that lending volume is reaching levels not seen since the real estate bubble in the mid-2000s. |
'Korea needs transparent property market'Cho Chung-un The Korea Herald 30.06.2009 | 'Bubble Seven' Prime Properties Rising BackYoon Ja-young The Korea Times 28.06.2009 |
 The government yesterday launched an advisory board for foreign investors on the country's real estate market as part of its efforts to promote foreign direct investment in times of economic downturn. |  Apartment prices are rising again in Seoul, upon government deregulation and abundant liquidity in the market. The economy, trying to recover from the global financial market turmoil, could fall into the pit again with the formation of a bubble. |
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