Aerial view of an apartment complex in Anyang, Gyeonggi Province. (Yonhap)
For Koreans, living in an era of ample liquidity has been considered a window of opportunity. So much so that it could be considered foolish not to take out loans with ultralow interests to invest in real estate and stocks.
An abundance of cash combined with a housing supply shortage and tightened regulations have driven home prices to surge, widening both the financial and psychological gap between those who own a property and those who don’t. Retail investors with extra cash have been also jumping into stock investments, as well as unconventional options, such as cryptocurrencies, art and even livestock.
But the question…