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Troll_Bait
Joined: 04 Jan 2006
Location: [T]eaching experience doesn't matter much. -Lee Young-chan (pictured)
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 Posted: Wed Feb 25, 2009 11:06 pm Post subject: Might this cause more Yongsan-style land disputes? |
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http://english.yonhapnews.co.kr/national/2009/02/26/3/0301000000AEN20090226003100315F.HTML
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President Lee Myung-bak called for a construction boom in the capital area Thursday, claiming now is the best time to start building as both wages and prices are down, a spokesman for the presidential office Cheong Wa Dae said.
His comments can largely be seen as a call to ease land development restrictions around the Seoul metropolitan area, which land speculation has forced the government for decades to protect owing to strict greenbelt restrictions. |
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michaelambling
Joined: 31 Dec 2008
Location: Paradise
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| Posted: Wed Feb 25, 2009 11:46 pm Post subject: |
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I think it's a good idea. This is what a lot of parts of America are doing (it's what the stimulus plan is all about, after all). It's just a question of whether Korea NEEDS this housing or not. Considering the state of a lot of villas and traditional Korean houses in the city (not to mention the countryside), I'd say yes. But the houses need to be cheap and have some sort of government subsidized mortgage scheme or a discounted rent system to get people in these apartments.
However, since I'm no economist, I'm probably completely wrong and should be beaten with reeds. |
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coralreefer_1
Joined: 19 Jan 2009
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| Posted: Thu Feb 26, 2009 12:42 am Post subject: |
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| Here is a wacky idea...How about the government throw some money at developing other parts of Korea other than Seoul! Perhaps if more attention and money were spent in other areas, Korea might be able to claim more than one fully-developed city. |
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