South Korea Fights Housing Speculators

November 15, 2006, 3:00 p.m. EST 1 Min Read

The government of South Korea, which has been seeking to curb soaring housing prices, has set out its latest "anti-speculative measures" in an effort to increase its housing supply and strengthen home loan supervision.These measures include tighter debt-to-income and loan-to-value restrictions on lending, according to the South Korean government's website. South Korea also plans to provide new apartments at prices roughly 25% lower than current levels.

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