SEOUL Aug 29 Housing prices across South Korea
have extended a rising streak into the 12th month, with their
annual growth at the highest in two years, data from the
country's top mortgage lender showed on Friday.
Data that Kookmin Bank posted on its website showed its
housing purchase price composite index rose 0.13 percent in
August from July and rose by 1.76 percent from a year ago.
The index has risen every month since falling by 0.04
percent in August last year. Annual growth in August this year
was the highest since a 1.90 percent rise in August 2012, the
Authorities led by Finance Minister Choi Kyung-hwan have
adopted a series of measures over the past month or so to
stimulate domestic demand in Asia's fourth-largest economy, with
some of the steps aimed at lifting asset prices.
(Reporting by Choonsik Yoo)