Bubbles in Korea

Are there sequential bubbles (e.g., equities, real estate, credit bubbles, and higher education bubble) forming in Korea?

Is Korea due for a crash in real estate and equity markets?

If history is any guide, bubbles would pop down the line. Bubbles would wreak financial and even social trouble in its bursting.

As the BOK has raised key interest rates to fight inflation, many home owners have faced increases in their payments. Korean banks have invested in the real estate bubble which the Korean government has been trying to prop up by several measures.

It seems that despite bubbles and structural problems, Korea’s trade surplus has kept the Korean economy going.

Korea doesn’t seem to have enough leverage over their trading partners when the global economic conditions worsen.

As a global economic crisis intensifies, Korea is facing a deeper and harder slowdown. It is highly likely that the middle class would have to bear the pain more than other classes.

Do the Koreans know where they stand at this point in time and make a strategic move accordingly?