Can Interest Rate Cut Revive Confidence in the Property Market?

SEOUL, Mar. 13 (Korea Bizwire) — Upon the Bank of Korea’s decision to cut its base rate to a record low 1.75 percent on March 12, the Korean property market is expected to be injected with new vigor. Park Hap-Soo, chief of Kookmin Bank’s real estate department, said that the effect of the central bank’s rate cut [...]