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Economic of South Korea
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Excerpt from Term Paper:
Economic of South Korea
...... The cost of houses in South Korea is rising rapidly with the increasing household expenses associated with rising house prices reducing the expectation of consumer spending
The continued rise in house prices increase the interest rates. The rising rapid rise in prices has negative consequences for the economy. There is rising concern that the household debt is weighing down prospects for spending amid already meek income and employment growth. This is also raising concerns about an economic crisis especially if there will be an adjustment in house price (National Australia Bank 2)......
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