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Article: Gov't aims to curb real estate prices, safeguard economic growth.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- July 12, 2005
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SEOUL, July 12 (Yonhap) -- The South Korean government is seeking to find a middle ground between taming a rampant rise in real estate prices and encouraging economic growth, government sources said Tuesday.
Officials said that the country's economic policymakers are committed to dealing once and for all with real estate prices that have seen some home prices double or triple over the past 4-5 years. Prices also began rising sharply again in February, despite the more than 30 policies announced by the government to curb the problem since October 2003.Prime Minister Lee Hae-chan, who vows not to permit property speculators to jack up prices, is ...