South Korea Real Estate: There are lingering concerns over real estate projects, although financial markets have been stable since builder Taeyoung s Dec. 28 announcement to reschedule its debt, it said, after the minister s meeting with chiefs of the central bank and regulatory agencies.
The Bank of Korea decided to leave its benchmark interest rate unchanged for the eighth straight session on Thursday, but rate-setters kept the door open for policy easing amid an intensification of the real estate project financing risks.
Home Prices In South Korea: Korea Real Estate Board s nationwide house transaction price index rose 0.03% in July, after a 0.05% fall in June, and posted its first monthly rise since May 2022.