Slumping property markets hurt consumer sentiment
Seoul - Yonhap
More than 40 percent of South Koreans living in Seoul and its adjacent areas believe their consumer confidence has been weakened due to slumping property markets and a rise in housing rental prices, a poll showed Sunday. According to the Korea Chamber of Commerce and Industry (KCCI), 41.3 percent of the 1,015 Koreans surveyed feel their consumer confidence has been negatively affected by those two issues.
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