While the South Korean Government tightens its mortgage rules to mitigate its growing household debt, a 33-year-old Chinese national purchased a luxury penthouse apartment worth 8.9 billion won ($7.51 million) in Seoul’s upscale district with 100 percent of the purchase price coming through a bank loan, drawing widespread concern. South Korea’s household debts have continued…
Chinese Man Acquires Upscale South Korean Real Estate Amid Restrictive Loan Measures
US News
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