Derek Wong of Woori Financial Group spoke to CNBC this morning about the state of South Korea’s real estate sector.
- 0:20 The government has stepped in to control the bubble. The market is in check.
- 1:10 Price to income ratio suggests a manageable rate of costs.
- 1:45 Compared to Beijing, Korea is in check, with price to income rations close to 6, rather than the 22 found in Beijing (around 3.5 in U.S.).
Business Insider Emails & Alerts
Site highlights each day to your inbox.