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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPer Yonhap: "South Korea's finance......>
SOUTH KOREA: Per Yonhap: "South Korea's finance ministry said Friday it will
continue to crack down on speculative home transactions in Seoul and its
neighboring areas. Vice Finance Minister Kim Yong-beom said home prices in some
areas of the Seoul metropolitan region, which includes Gyeonggi Province and
Incheon, showed signs of a modest rise due to transactions for short-term gains.
"The government will make efforts to firmly stabilize the property market," Kim
said. Housing prices have been on the rise in recent years, spurring
policymakers to roll out a series of measures, including tightened home-backed
loan regulations and higher taxes, to cool home prices. In the toughest steps
ever to stem the rise of housing prices in Seoul and its neighboring areas,
mortgage loans have been banned for purchases of houses worth more than 1.5
billion won in areas designated as "speculative" and "overheated speculative"
since December last year."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.