Bank of Korea warns 16% housing surge threatens $2 trillion economy
Key Points
- Seoul's housing prices have surged 16% since January 2023, p...
The Bank of Korea just dropped its semi-annual reality check, and spoiler alert: it's not exactly sunshine and rainbows. Seoul's housing prices have rocketed 16% since January 2023, while the rest of South Korea sits there like the friend who didn't get invited to the party.
Here's the plot twist that would make even seasoned traders do a double-take: the central bank is cutting interest rates to juice up a sluggish economy (0.8% GDP growth forecast for 2025, ouch), but those same cuts are turning Seoul's real estate into a speculative playground. It's like trying to lose weight while living ...
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