The Bank of Korea has raised interest rates for the first time in more than a year. Some economists say it will have to reverse course soon, while others think it must keep going. Mike Boulden says South Korea is an example of how high house prices and high household debt can really constrain monetary policy. He says other countries with similar housing bubbles may not be so lucky.
The country’s war-torn north-west has been getting far less aid than it needs in the earthquakes’ aftermath. We investigate the dilemma of lifting long-running international sanctions. Housing prices are slipping across the rich world, but South Korea’s unusual property market makes that slide far more perilous. And what three decades’-worth of data reveal about crafting a pop hit.
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