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South Korea home-building boom may lead to housing glut

The total number of housing units launched in the first half of this year in South Korea rose 3.7 per cent to 299,000.


IN Yongin, a satellite city south of Seoul, orange construction cranes are racing to build gleaming new high-rises, but realtor Kim Woong-jib says he is pointing would-be apartment buyers to older buildings.

The city of a million people has 5,301 unsold new residential units...