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KOREA-ECONOMY/HOUSING
RTX105GC
29 May. 2013
Kim Keon-hoon, a worker with Byucksan Engineering &... more
KOREA-ECONOMY/HOUSING
RTX105GC
29 May. 2013
Goyang, South Korea
Kim Keon-hoon, a worker with Byucksan Engineering & Construction, looks out through the window from his empty two-bathroom, four-bedroom apartment before an interview with Reuters, in the middle class suburb in Goyang, north of Seoul April 1, 2013. Kim says he was forced to buy an unsold 800 million won ($716,400) apartment, built by his employer in 2008, as the company teetered on the edge of bankruptcy. Five years after the global financial crisis, South Korean construction workers are feeling the pinch more than ever as they shoulder a mountain of debt from a real estate bust that has cast a long shadow on the country's growth prospects. Picture taken April 1, 2013. REUTERS/Lee Jae-Won (SOUTH KOREA - Tags: BUSINESS REAL ESTATE)
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