Bank of Korea Warns Against Overreliance on Construction Spending to Lift Economy

SEOUL, Oct. 27 (Korea Bizwire) — Relying too heavily on construction investment to stimulate South Korea’s economy could backfire, the Bank of Korea cautioned in a new report, citing Japan’s decades-long struggle with sluggish growth after its asset bubble burst. In a study released Sunday titled “Lessons from Japan and China’s Prolonged Weakness in Construction Investment,” [...]