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SOUTH KOREA Economy Crashing as Unique Jeonse Rental Market Implodes & Population Decline Continues
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Real Estate is a Highly Valued Investment in SOUTH KOREA and it is common for citizens to invest up to 80% of their net worth in Property. This has proved to be a successful form of investment for the past 25 years due to a Unique form of Rental called JEONSE. However the market has now turned and this market is collapsing. South Korea is Heading for RECESSION as EXPORTS of High Tech products fall and the cost of IMPORTS of Energy & Food continue to Escalate. In addition to this the country is facing a DEMOGRAPHIC Crisis as it has the Lowest Birth Rate in the world which means that the Population is declining Rapidly. In this video I provide more details on the JEONSE Market and the current problems the country is facing as well as the effect that the population decline is having.
For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
2:17 SOUTH KOREA
3:45 REAL ESTATE
5:55 JEONSE
8:30 INTEREST RATES
10:12 PROPERTY PRICES
10:53 CRASH?
14:01 POPULATION PYRAMID
16:00 SUMMARY & CONCLUSION
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