The tables have turned in South Korea
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The downturn that many experts have been talking about has begun, and South Korean house prices started to fall in the beginning of Q3 2010.
According to the Korean Statistical Information Service, nationwide house prices declined 0.13% (-0.30% inflation-adjusted) over the three months to August 2010, following an earlier decline of 0.04% (-0.65% inflation-adjusted) in July 2010.
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