South Korea’s housing crisis worsens with new scandal
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Rising property prices in South Korea are putting house purchases beyond the reach of many young people. It has become one of the major issues in local elections taking place this week. The government promised to take measures to calm the market, and recently announced plans for more affordable housing. But a state-owned company is accused of insider trading, buying up land that will be used for housing in advance. Al Jazeera’s Rob McBride reports from Seoul, South Korea. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #SouthKorea