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China's moneyed class buying up South Korea residential real estate - Land.Net News


Dec. 30 (UPI) -- More Chinese buyers are snapping up South Korean real estate, accounting for more than 60 percent of foreign real estate purchases in the country.

Hong Chul-ho, a lawmaker with Seoul's main opposition Liberty Korea Party, said Monday a recent analysis from the Korea Appraisal Board, a government agency, shows foreign purchases of South Korean real estate equaled about $11.4 billion from 2015 to September 2019, local newspaper Maeil Business reported.

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