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KOREAN GOVT DESIGNATES REGIONS AS REAL ESTATE 'SPECULATION AREAS'.
Publication: AsiaPulse News Publication Date: 26-MAY-03 |
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COPYRIGHT 2003 Asia Pulse Pty Ltd
SEOUL, May 26 Asia Pulse - The Korean government designated eight new cities and wards as real estate "speculation areas" Monday in an effort to clamp down on rising property prices.
The designation was decided at the fifth meeting of the Real Estate Price Stabilization Review Committee, chaired by Vice Minister of Finance and Economy Kim Gwang-lim.
Participants said they examined data and price movements in the areas in question and determined whether the urban centers met requirements for being designated as regions where...
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