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Prolonged housing market slump could weigh on overall economy: minister
SEOUL, April 1 (Yonhap) -- A prolonged slowdown in South Korea's housing market could serve as a drag on its overall macroeconomic conditions, the country's top economic policymaker said Monday.

Transactions in the local housing market are almost frozen and prices remain quite low compared with their boom years. Experts worry that such a slump can undermine consumer sentiment and eventually put a brake on the country's fragile economic recovery.





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