S.Korea's sudden property slump tests world's most indebted consumers
By Cynthia Kim SEOUL, July 29 (Reuters) – South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure on some of the world’s most debt-saddled consumers as the sector experiences the fastest interest rate hikes on record. Prices of Seoul apartments last week reported their sharpest decline in 26 months, while …
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