Calpurnia's Plea to Korea

by Douglas Kim

As a follow-up to Vortex of the Korean Financial Crisis, author and financial analyst Douglas Kim examines where the real estate market will likely be in the near future in Calpurnia's Plea to Korea. An eye opening, cautionary, if at times shocking, exposé, this work is not without hope as it helps readers recognize the significant factors that impact the Korean real estate sector. In four chapters including "Capital Markets amidst Sea of Change and the Heart of China" and "Korea's Resilience in Times of Distress," the author reveals how rising interest rates and lower global fund flow will continue to challenge Korea's real estate market. With higher interest rates and excessive household debt combined with extreme reliance on floating rate household loans, there will be severe negative impacts that must be addressed if Korea is to not be swept away by the undercurrent.

220 pages, Paperback

First published July 10, 2010