Seoul mayor blames speculation for soaring housing prices
(WorldNews South Korea)

Seoul Mayor Park Won-soon speaks during a press session with foreign media correspondents at the press club in Seoul, Tuesday. / Yonhap By Kim Se-jeong Seoul Mayor Park Won-soon blamed speculators for soaring housing prices in the capital, arguing Monday that the central government should impose higher taxes on property speculation and allocate extra money to build more public housing. `Property development allowed some people to get extremely rich while others became extremely...