Investment in Real Estate Exceeds GDP

  • By Kim Eun-jung

    October 08, 2020 11:57

    More than W2.1 quadrillion is invested in Korea's real estate market in one way or another, surpassing the country's total GDP of W1.9 quadrillion, according to the Bank of Korea on Wednesday (US$1=W1,159).

    BOK data showed that as of June, banks' exposure to the real estate sector stood at W2.17 quadrillion, up W103 trillion at the end of last year.

    The amount includes housing loans as well as loans to cover jeonse or Korean-style deposit leases, money borrowed by construction companies, project-financing loans and real estate investment trusts and funds.

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