eseoulpost
DomesticEconomy
Construction investments to plunge next year on real estate policies
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2017.10.28  
트위터 페이스북 미투데이 요즘 네이버 구글 msn

The pace of growth in South Korea's construction investments is set to slow down next year due to stricter lending rules aimed at stabilizing the overheated real estate market, the central bank and local think tanks said Saturday.

The Bank of Korea estimated the rate of growth in the country's construction investments to fall to 6.9 percent this year from 10.7 percent last year. It is projected to plunge to 0.2 percent next year.

Private research centers have offered a more gloomy outlook next year.

The Hyundai Research Institute and the LG Economic Research Institute made a 0.1 percent growth and a 0.4 percent negative growth forecast, respectively. The Korea Economic Research Institute came up with a 0.8 percent negative growth outlook.

On Tuesday, the government announced a comprehensive plan to tackle the country's soaring household debt, which reached 1,340 trillion won (US$1.19 trillion) at the end of December. From January, it will introduce a new debt-to-income (DTI) ratio that can more accurately reflect the borrower's income and mortgage payment burden, mainly in the Seoul metropolitan area.

The stricter lending regulations will also consider the principle of a borrower's existing homes in Seoul and other government-designated areas.

The government said it aims to maintain the country's household debt level at between 1,450 trillion and 1,460 trillion won by the end of this year.

Major construction projects for the 2018 PyeongChang Winter Olympics, which runs from Feb. 9-25, are in the final stages, and the government's budget for public infrastructure projects next year also fell to 17.7 trillion won from this year's 22.2 trillion won, according to the central bank. (Yonhap News)

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
ROC Envoy in Korea hosts gala reception to fete 107th Double Tenth National Day
2
President Tsai outlines strategies for Taiwan's sustainable survival
3
Abu Dhabi vying for 'World Capital of Sports' title
4
UAE, China explore prospects for joint investment in entrepreneurship and innovation
5
UAE model for tolerance, peaceful coexistence, cultural diversity: Chairman of the World Council of Muslim Communities
6
Abu Dhabi gathers agricultural sector leaders to address global food security challenges
7
President Tsai pledges to build a stronger Taiwan in National Day address
8
DXB to lead airport advertising revolution after Dubai Airports signs 10-year extension with JCDecaux
9
Taiwan-Vatican relations remain steady and positive: VP
10
UAE, South Korea discuss accelerating ties
Photo News Green Biz
Abu Dhabi hosts The First Regional Biodiversity Forum in the Gulf Region
Abu Dhabi hosts The First Regional...
min
Etihad ESCO plans to reduce more than one million tonnes of carbon dioxide by 2030
Etihad ESCO plans to reduce more t...
min
Sharjah Municipality, MOCCAE discuss cooperation to protect environment
Sharjah Municipality, MOCCAE discu...
min
Earth Hour 2018: Lights out across UAE as Earth Hour is marked
Earth Hour 2018: Lights out across...
min
Suqia plays key role in enhancing UAE's global efforts to address water challenges
Suqia plays key role in enhancing ...
min
Photo News Sports
Two taekwondo golds among 11 medals for S. Korea on Day 1
Two taekwondo golds among 11 medal...
min
Taiwan team wins first gold medal at Asian Games
Taiwan team wins first gold medal ...
min
(Asian Games) Koreas march together at opening ceremony
(Asian Games) Koreas march togethe...
min
FIFA Club World Cup UAE 2018 to boost nation's global sporting credentials
FIFA Club World Cup UAE 2018 to bo...
min
UAE gearing up for Asia's biggest football tournament
UAE gearing up for Asia's biggest ...
MIN
Taiwan blasts China for blocking Taichung games
Taiwan blasts China for blocking T...
min
S. Korean table tennis player savors 'historic' title with N. Korean partner
S. Korean table tennis player savo...
min
S. Korean golfer Kim Sei-young sets LPGA scoring records to win Thornberry Creek Classic
S. Korean golfer Kim Sei-young set...
min
Photo News World
Two taekwondo golds among 11 medals for S. Korea on Day 1
Two taekwondo golds among 11 medal...
min
Taiwan team wins first gold medal at Asian Games
Taiwan team wins first gold medal ...
min
(Asian Games) Koreas march together at opening ceremony
(Asian Games) Koreas march togethe...
min
FIFA Club World Cup UAE 2018 to boost nation's global sporting credentials
FIFA Club World Cup UAE 2018 to bo...
min
UAE gearing up for Asia's biggest football tournament
UAE gearing up for Asia's biggest ...
MIN
Taiwan blasts China for blocking Taichung games
Taiwan blasts China for blocking T...
min
S. Korean table tennis player savors 'historic' title with N. Korean partner
S. Korean table tennis player savo...
min
S. Korean golfer Kim Sei-young sets LPGA scoring records to win Thornberry Creek Classic
S. Korean golfer Kim Sei-young set...
min
Photo News Opinion
Moon says two Koreas will reach complete denuclearization
Moon says two Koreas will reach co...
min
Minister: S. Korea mulls lifting sanctions on N. Korea
Minister: S. Korea mulls lifting s...
min
S. Korea vows support for regions hit by slumping businesses
S. Korea vows support for regions ...
min
1,000 red fire ants found at storehouse in Ansan
1,000 red fire ants found at store...
min
Police arrest Sri Lankan suspect in connection with oil storage tank fire
Police arrest Sri Lankan suspect i...
min
Koreas hold first joint event to celebrate 2007 summit anniversary
Koreas hold first joint event to c...
min
Koreas hold high-level talks to discuss implementation of summit agreement
Koreas hold high-level talks to di...
min
Former President Lee gets 15 years in jail for corruption
Former President Lee gets 15 years...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com