Gov't to announce new set of measures to cool down housing market this week
Social affairsSept 5, 2018
The South Korean government will unveil a new set of measures later this week to curb price hikes in the local housing market, official sources said Wednesday. The country has been experiencing skyrocketing housing prices in Seoul and surrounding areas, despite a series of government-led financial and administrative measures. The government has imposed a ban on bank loans given to multiple-home owners, forbidden people from reselling apartment purchase rights and levied higher taxes on real esta