It seems that the price of everything is growing in the world now. We know about global increase in food price because of a shortage. In South Korea, housing price has increased nearly one percent in April 2008 compared to March 2007. Compared to one year ago, the increase was 3.8 percent. This is not a good scenario at this moment. The focus of the people is on the increasing food price. Yesterday, in this blog we wrote that South Korean companies are companies are importing GMO corn or biotech corn. I just hope that South Korean government and the banks and the people can find a good solution to this housing problem.
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