Housing Market Bill Stirs Opposition Within GNP

September 2008 | Economic Analysis

BMI View: We reiterate our view that the housing market policy package facing parliamentary approval will do little to revive domestic demand. In addition, the opposition to raising the threshold of the real estate tax within the ruling Grand National Party underlines the conflicting loyalties within the party, which is likely to impede the implementation of President Lee Myung-bak's scaled-down, yet still ambitious reform agenda.

If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.