02 September 2007

The Bank of Korea


Main branch of the bank of Korea is located near Myeongdong(明洞) that is the busiest place in Seoul. Following some article, Nomura Real Estate Holdings, Japanese company, bought parking building as 45 billion Korean Won, 5.4 billion Japanese Yen , for 1,400 square meter; on the other hand, Goldman Sucks paid 38 billion Japanese Yen for 211 square meter. Korean one is 3.9 million Japanese Yen, and Japanese one is 55 million Japanese Yen. Even though price of Korean real estate is getting increase, Japanese real estate is higher than Korean. how does Bank of Korea evaluate this differences?

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