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The effects of administrative regulations on price competitiveness concerning private housing construction industry

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  • The effects of administrative regulations on price competitiveness concerning private housing construction industry
  • Han, HaengSu
  • Seoul National University


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Title The effects of administrative regulations on price competitiveness concerning private housing construction industry
Similar Titles
Material Type Articles
Author(English)

Han, HaengSu

Publisher

[Seoul, Korea]:Seoul National University

Date 1997
Journal Title; Vol./Issue Korean Journal of Policy Studies:vol. 12
Pages 25
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Construction
Holding Seoul National University

Abstract

Currently, at the end of 1996, with housing construction investment as high as 26 trillion won($29 billion) which takes up 6.7% of Korea's GDP and 31% of total investment in the construction industry, housing industry, as a single commodity, is the largest domestic demand market in Korea. Moreover, considering price-controlled initial sales prices the total market scale is much larger(currently estimated to be 37 trillion won);taking into account housing-related markets like furniture and interior design, its national economic effect on production, employment, and overall economic stability is enormous. However, now with the rapid rise in housing supply(currently 89.2%), the housing market has moved into a low-growth maturity phase; (The rest omitted)