South Korea
Best Western Allamanda Laguna Phuket Opens
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.
S. Korea to spend US$1.5 bil on MarinasStaff Writer Propert Report 19.01.2010 | Bluffs and confrontations over Korea’s exit strategyMoon So-young Joongang Daily 16.09.2009 |
 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. |  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. |
Taking aim at housing loansJung Ha-won Joong Ang Daily 07.07.2009 | 'Korea needs transparent property market'Cho Chung-un The Korea Herald 30.06.2009 |
 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. |  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. |
'Bubble Seven' Prime Properties Rising BackYoon Ja-young The Korea Times 28.06.2009 | Kumho to Buy AIG Building in NYYoon Ja-young the korea times 11.06.2009 |
 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. |  A consortium led by Kumho Investment Bank has signed a contract to acquire the AIG headquarters building in New York. This is the first time for a Korean fund to buy a skyscraper in downtown New York. |
Real estate firm ‘believes’ in KoreaCho Jae-eun joong ang daily 11.06.2009 | Local land sold overseas JoongAngDaily 13.05.2009 |
 The real estate market in Asia is looking quite murky at present and the region is struggling to cope with the economic crisis. |  Weak won drives boom in foreign purchases of Korean soil |
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