Your posts are related to personal and corporate debt levels, not overleveraged property markets... you do understand the difference right? Not to mention many of the articles are 6-12 months old and one of them is a blog...
South korean regulations dictate that 50-60% of mortgages be paid up front, which is a very high level resulting from government intents to direct public investment away from real estate to corporate and industrial sectors. While the policy has failed somewhat as properties have likely become over-valued, it is not due to high debt levels on individual properties that this has occurred.
Also you have failed to explain how any of this primarily residential housing issue has anything to do with a company building an office tower in Busan or Seoul...
But hey Japan doesn't have towers this big so how could Korea right?
