id sid tid token lemma pos cjal-3230 1 1 anti anti ADJ cjal-3230 1 2 - - ADJ cjal-3230 1 3 speculation speculation ADJ cjal-3230 1 4 laws law NOUN cjal-3230 1 5 and and CCONJ cjal-3230 1 6 their their PRON cjal-3230 1 7 impact impact NOUN cjal-3230 1 8 on on ADP cjal-3230 1 9 the the DET cjal-3230 1 10 real real ADJ cjal-3230 1 11 estate estate NOUN cjal-3230 1 12 and and CCONJ cjal-3230 1 13 financial financial ADJ cjal-3230 1 14 markets market NOUN cjal-3230 1 15 : : PUNCT cjal-3230 1 16 the the DET cjal-3230 1 17 korean korean ADJ cjal-3230 1 18 case case NOUN cjal-3230 1 19 anti anti ADJ cjal-3230 1 20 - - ADJ cjal-3230 1 21 speculation speculation ADJ cjal-3230 1 22 laws law NOUN cjal-3230 1 23 and and CCONJ cjal-3230 1 24 their their PRON cjal-3230 1 25 impact impact NOUN cjal-3230 1 26 on on ADP cjal-3230 1 27 the the DET cjal-3230 1 28 real real ADJ cjal-3230 1 29 estate estate NOUN cjal-3230 1 30 and and CCONJ cjal-3230 1 31 financial financial ADJ cjal-3230 1 32 markets market NOUN cjal-3230 1 33 : : PUNCT cjal-3230 1 34 the the DET cjal-3230 1 35 korean korean ADJ cjal-3230 1 36 case case NOUN cjal-3230 1 37 jasper jasper NOUN cjal-3230 1 38 kim kim PROPN cjal-3230 1 39 * * PUNCT cjal-3230 1 40 i. i. PROPN cjal-3230 1 41 introduction introduction NOUN cjal-3230 1 42 --------------------48 --------------------48 PROPN cjal-3230 1 43 ii ii PROPN cjal-3230 1 44 . . PUNCT cjal-3230 1 45 paper paper NOUN cjal-3230 1 46 methodology methodology NOUN cjal-3230 1 47 ---------------------------------------50 ---------------------------------------50 PROPN cjal-3230 1 48 iii iii PROPN cjal-3230 1 49 . . PUNCT cjal-3230 2 1 driving drive VERB cjal-3230 2 2 factors factor NOUN cjal-3230 2 3 behind behind ADP cjal-3230 2 4 higher high ADJ cjal-3230 2 5 property property NOUN cjal-3230 2 6 prices price NOUN cjal-3230 2 7 ------------------------------------ ------------------------------------ PUNCT cjal-3230 2 8 ........... ........... PUNCT cjal-3230 2 9 --------------51 --------------51 PROPN cjal-3230 2 10 iv iv PROPN cjal-3230 2 11 . . PUNCT cjal-3230 3 1 overview overview NOUN cjal-3230 3 2 of of ADP cjal-3230 3 3 the the DET cjal-3230 3 4 anti anti ADJ cjal-3230 3 5 - - ADJ cjal-3230 3 6 speculation speculation ADJ cjal-3230 3 7 laws law NOUN cjal-3230 3 8 -----56 -----56 PROPN cjal-3230 3 9 a. a. NOUN cjal-3230 3 10 anti anti ADJ cjal-3230 3 11 - - ADJ cjal-3230 3 12 speculation speculation ADJ cjal-3230 3 13 property property NOUN cjal-3230 3 14 valuation valuation NOUN cjal-3230 3 15 tax tax NOUN cjal-3230 3 16 system system NOUN cjal-3230 3 17 . . PUNCT cjal-3230 4 1 ------57 ------57 PROPN cjal-3230 4 2 b. b. PROPN cjal-3230 4 3 anti anti ADJ cjal-3230 4 4 - - ADJ cjal-3230 4 5 speculation speculation ADJ cjal-3230 4 6 comprehensive comprehensive ADJ cjal-3230 4 7 land land NOUN cjal-3230 4 8 tax tax NOUN cjal-3230 4 9 scheme scheme NOUN cjal-3230 4 10 -------58 -------58 PROPN cjal-3230 4 11 c. c. PROPN cjal-3230 4 12 anti anti ADJ cjal-3230 4 13 - - ADJ cjal-3230 4 14 speculation speculation ADJ cjal-3230 4 15 capital capital NOUN cjal-3230 4 16 gains gain NOUN cjal-3230 4 17 tax tax NOUN cjal-3230 4 18 scheme scheme NOUN cjal-3230 4 19 ---------------59 ---------------59 PROPN cjal-3230 4 20 v. v. ADP cjal-3230 4 21 anti anti ADJ cjal-3230 4 22 - - ADJ cjal-3230 4 23 speculation speculation ADJ cjal-3230 4 24 capital capital NOUN cjal-3230 4 25 gains gain NOUN cjal-3230 4 26 tax tax NOUN cjal-3230 4 27 based base VERB cjal-3230 4 28 on on ADP cjal-3230 4 29 time time NOUN cjal-3230 4 30 held hold VERB cjal-3230 4 31 ---------61 ---------61 PROPN cjal-3230 4 32 a. a. NOUN cjal-3230 4 33 capital capital NOUN cjal-3230 4 34 gains gain NOUN cjal-3230 4 35 taxation taxation NOUN cjal-3230 4 36 rate rate NOUN cjal-3230 4 37 registered register VERB cjal-3230 4 38 property property NOUN cjal-3230 4 39 holding holding NOUN cjal-3230 4 40 of of ADP cjal-3230 4 41 less less ADJ cjal-3230 4 42 than than ADP cjal-3230 4 43 one one NUM cjal-3230 4 44 year year NOUN cjal-3230 4 45 -------------------------61 -------------------------61 PROPN cjal-3230 4 46 b. b. PROPN cjal-3230 4 47 capital capital PROPN cjal-3230 4 48 gains gain VERB cjal-3230 4 49 taxation taxation NOUN cjal-3230 4 50 rate rate NOUN cjal-3230 4 51 registered register VERB cjal-3230 4 52 property property NOUN cjal-3230 4 53 holding holding NOUN cjal-3230 4 54 of of ADP cjal-3230 4 55 one one NUM cjal-3230 4 56 year year NOUN cjal-3230 4 57 or or CCONJ cjal-3230 4 58 more more ADJ cjal-3230 4 59 but but CCONJ cjal-3230 4 60 less less ADJ cjal-3230 4 61 than than ADP cjal-3230 4 62 two two NUM cjal-3230 4 63 years year NOUN cjal-3230 4 64 61 61 NUM cjal-3230 4 65 c. c. NOUN cjal-3230 4 66 capital capital NOUN cjal-3230 4 67 gains gain NOUN cjal-3230 4 68 taxation taxation NOUN cjal-3230 4 69 rate rate NOUN cjal-3230 4 70 registered register VERB cjal-3230 4 71 property property NOUN cjal-3230 4 72 holding holding NOUN cjal-3230 4 73 of of ADP cjal-3230 4 74 two two NUM cjal-3230 4 75 years year NOUN cjal-3230 4 76 or or CCONJ cjal-3230 4 77 more more ADJ cjal-3230 4 78 --------------------------62 --------------------------62 PROPN cjal-3230 4 79 d. d. PROPN cjal-3230 4 80 non non ADJ cjal-3230 4 81 - - ADJ cjal-3230 4 82 registered register VERB cjal-3230 4 83 property property NOUN cjal-3230 4 84 holders holder NOUN cjal-3230 4 85 -----------------------62 -----------------------62 ADP cjal-3230 4 86 vi vi PROPN cjal-3230 4 87 . . PUNCT cjal-3230 4 88 taxes taxis NOUN cjal-3230 4 89 based base VERB cjal-3230 4 90 on on ADP cjal-3230 4 91 number number NOUN cjal-3230 4 92 of of ADP cjal-3230 4 93 property property NOUN cjal-3230 4 94 owned own VERB cjal-3230 4 95 ---63 ---63 PUNCT cjal-3230 4 96 a. a. NOUN cjal-3230 4 97 single single ADJ cjal-3230 4 98 property property NOUN cjal-3230 4 99 held hold VERB cjal-3230 4 100 ---------------------------------------------63 ---------------------------------------------63 PROPN cjal-3230 4 101 b. b. PROPN cjal-3230 4 102 two two NUM cjal-3230 4 103 properties property NOUN cjal-3230 4 104 held hold VERB cjal-3230 4 105 -----------------------------------------------63 -----------------------------------------------63 PROPN cjal-3230 4 106 c. c. NOUN cjal-3230 4 107 three three NUM cjal-3230 4 108 or or CCONJ cjal-3230 4 109 more more ADJ cjal-3230 4 110 properties property NOUN cjal-3230 4 111 -------------------------------64 -------------------------------64 PROPN cjal-3230 4 112 assistant assistant NOUN cjal-3230 4 113 professor professor NOUN cjal-3230 4 114 of of ADP cjal-3230 4 115 international international ADJ cjal-3230 4 116 law law NOUN cjal-3230 4 117 , , PUNCT cjal-3230 4 118 graduate graduate NOUN cjal-3230 4 119 school school NOUN cjal-3230 4 120 of of ADP cjal-3230 4 121 international international ADJ cjal-3230 4 122 studies study NOUN cjal-3230 4 123 , , PUNCT cjal-3230 4 124 ewha ewha PROPN cjal-3230 4 125 university university PROPN cjal-3230 4 126 ( ( PUNCT cjal-3230 4 127 seol seol PROPN cjal-3230 4 128 , , PUNCT cjal-3230 4 129 s. s. PROPN cjal-3230 4 130 korea korea PROPN cjal-3230 4 131 ) ) PUNCT cjal-3230 4 132 . . PUNCT cjal-3230 5 1 j.d j.d PROPN cjal-3230 5 2 . . PROPN cjal-3230 5 3 , , PUNCT cjal-3230 5 4 rutgers rutgers PROPN cjal-3230 5 5 state state PROPN cjal-3230 5 6 university university PROPN cjal-3230 5 7 . . PUNCT cjal-3230 6 1 m.sc m.sc PROPN cjal-3230 6 2 . . PROPN cjal-3230 6 3 , , PUNCT cjal-3230 6 4 london london PROPN cjal-3230 6 5 school school NOUN cjal-3230 6 6 of of ADP cjal-3230 6 7 economics economic NOUN cjal-3230 6 8 . . PUNCT cjal-3230 7 1 b.a b.a PROPN cjal-3230 7 2 . . PROPN cjal-3230 7 3 , , PUNCT cjal-3230 7 4 university university PROPN cjal-3230 7 5 of of ADP cjal-3230 7 6 california california PROPN cjal-3230 7 7 , , PUNCT cjal-3230 7 8 san san PROPN cjal-3230 7 9 diego diego PROPN cjal-3230 7 10 . . PUNCT cjal-3230 8 1 the the DET cjal-3230 8 2 author author NOUN cjal-3230 8 3 would would AUX cjal-3230 8 4 like like VERB cjal-3230 8 5 to to PART cjal-3230 8 6 give give VERB cjal-3230 8 7 special special ADJ cjal-3230 8 8 thanks thank NOUN cjal-3230 8 9 to to PART cjal-3230 8 10 hyunkyung hyunkyung VERB cjal-3230 8 11 jang jang PROPN cjal-3230 8 12 for for ADP cjal-3230 8 13 compiling compile VERB cjal-3230 8 14 and and CCONJ cjal-3230 8 15 researching research VERB cjal-3230 8 16 relevant relevant ADJ cjal-3230 8 17 data datum NOUN cjal-3230 8 18 related relate VERB cjal-3230 8 19 to to ADP cjal-3230 8 20 this this DET cjal-3230 8 21 paper paper NOUN cjal-3230 8 22 . . PUNCT cjal-3230 9 1 columbia columbia PROPN cjal-3230 9 2 journal journal PROPN cjal-3230 9 3 of of ADP cjal-3230 9 4 asian asian PROPN cjal-3230 9 5 law law PROPN cjal-3230 9 6 vii vii PROPN cjal-3230 9 7 . . PUNCT cjal-3230 10 1 additional additional ADJ cjal-3230 10 2 property property NOUN cjal-3230 10 3 tax tax NOUN cjal-3230 10 4 proposals proposal NOUN cjal-3230 10 5 ---64 ---64 PUNCT cjal-3230 10 6 a. a. NOUN cjal-3230 10 7 property property NOUN cjal-3230 10 8 valued value VERB cjal-3230 10 9 at at ADP cjal-3230 10 10 600 600 NUM cjal-3230 10 11 million million NUM cjal-3230 10 12 korean korean ADJ cjal-3230 10 13 won win VERB cjal-3230 10 14 in in ADP cjal-3230 10 15 government government NOUN cjal-3230 10 16 designated designate VERB cjal-3230 10 17 " " PUNCT cjal-3230 10 18 anti anti ADJ cjal-3230 10 19 - - ADJ cjal-3230 10 20 speculation speculation ADJ cjal-3230 10 21 zones zone NOUN cjal-3230 10 22 " " PUNCT cjal-3230 10 23 -------------------64 -------------------64 PROPN cjal-3230 10 24 b. b. PROPN cjal-3230 10 25 database database NOUN cjal-3230 10 26 system system NOUN cjal-3230 10 27 restructuring restructure VERB cjal-3230 10 28 -------------------------65 -------------------------65 PROPN cjal-3230 10 29 c. c. PROPN cjal-3230 11 1 anti anti ADJ cjal-3230 11 2 - - ADJ cjal-3230 11 3 speculation speculation ADJ cjal-3230 11 4 property property NOUN cjal-3230 11 5 trading trading NOUN cjal-3230 11 6 permission permission NOUN cjal-3230 11 7 system system NOUN cjal-3230 11 8 --66 --66 PROPN cjal-3230 11 9 viii viii PROPN cjal-3230 11 10 . . PUNCT cjal-3230 12 1 tax tax NOUN cjal-3230 12 2 effect effect NOUN cjal-3230 12 3 of of ADP cjal-3230 12 4 the the DET cjal-3230 12 5 anti anti ADJ cjal-3230 12 6 - - ADJ cjal-3230 12 7 speculation speculation ADJ cjal-3230 12 8 laws law NOUN cjal-3230 12 9 ----66 ----66 PROPN cjal-3230 12 10 ix ix ADJ cjal-3230 12 11 . . PUNCT cjal-3230 13 1 analysis analysis NOUN cjal-3230 13 2 of of ADP cjal-3230 13 3 the the DET cjal-3230 13 4 anti anti ADJ cjal-3230 13 5 - - ADJ cjal-3230 13 6 speculation speculation ADJ cjal-3230 13 7 laws law NOUN cjal-3230 13 8 benefits benefit NOUN cjal-3230 13 9 v. v. ADP cjal-3230 13 10 costs cost NOUN cjal-3230 13 11 ---------------------67 ---------------------67 NOUN cjal-3230 13 12 a. a. NOUN cjal-3230 13 13 benefit benefit NOUN cjal-3230 13 14 analysis analysis NOUN cjal-3230 13 15 and and CCONJ cjal-3230 13 16 commentary commentary NOUN cjal-3230 13 17 ---------------------67 ---------------------67 PROPN cjal-3230 13 18 b. b. PROPN cjal-3230 13 19 risks risk VERB cjal-3230 13 20 analysis analysis NOUN cjal-3230 13 21 and and CCONJ cjal-3230 13 22 commentary commentary NOUN cjal-3230 13 23 -----------------------80 -----------------------80 PROPN cjal-3230 13 24 x. x. PROPN cjal-3230 13 25 conclusion conclusion PROPN cjal-3230 13 26 ----------.---- ----------.---- PROPN cjal-3230 13 27 ................... ................... PUNCT cjal-3230 13 28 --------------------88 --------------------88 PROPN cjal-3230 13 29 xi xi PROPN cjal-3230 13 30 . . PUNCT cjal-3230 14 1 appendix appendix PROPN cjal-3230 14 2 i. i. PROPN cjal-3230 14 3 introduction introduction NOUN cjal-3230 14 4 the the DET cjal-3230 14 5 korean korean ADJ cjal-3230 14 6 real real ADJ cjal-3230 14 7 estate estate NOUN cjal-3230 14 8 market market NOUN cjal-3230 14 9 has have AUX cjal-3230 14 10 represented represent VERB cjal-3230 14 11 a a DET cjal-3230 14 12 relatively relatively ADV cjal-3230 14 13 riskaverse riskaverse NOUN cjal-3230 14 14 ' ' PUNCT cjal-3230 14 15 and and CCONJ cjal-3230 14 16 traditional traditional ADJ cjal-3230 14 17 means mean NOUN cjal-3230 14 18 of of ADP cjal-3230 14 19 wealth wealth NOUN cjal-3230 14 20 creation creation NOUN cjal-3230 14 21 for for ADP cjal-3230 14 22 everyday everyday ADJ cjal-3230 14 23 korean korean ADJ cjal-3230 14 24 domestic domestic ADJ cjal-3230 14 25 and and CCONJ cjal-3230 14 26 non non ADJ cjal-3230 14 27 - - ADJ cjal-3230 14 28 domestic domestic ADJ cjal-3230 14 29 global global ADJ cjal-3230 14 30 investors investor NOUN cjal-3230 14 31 . . PUNCT cjal-3230 15 1 as as ADP cjal-3230 15 2 evidence evidence NOUN cjal-3230 15 3 , , PUNCT cjal-3230 15 4 real real ADJ cjal-3230 15 5 estate estate NOUN cjal-3230 15 6 property property NOUN cjal-3230 15 7 prices price NOUN cjal-3230 15 8 in in ADP cjal-3230 15 9 korea korea PROPN cjal-3230 15 10 have have AUX cjal-3230 15 11 increased increase VERB cjal-3230 15 12 an an DET cjal-3230 15 13 average average NOUN cjal-3230 15 14 of of ADP cjal-3230 15 15 22.39%2 22.39%2 NUM cjal-3230 15 16 from from ADP cjal-3230 15 17 1990 1990 NUM cjal-3230 15 18 to to ADP cjal-3230 15 19 2004 2004 NUM cjal-3230 15 20 . . PUNCT cjal-3230 16 1 the the DET cjal-3230 16 2 republic republic NOUN cjal-3230 16 3 of of ADP cjal-3230 16 4 korea korea PROPN cjal-3230 16 5 i i PRON cjal-3230 16 6 has have AUX cjal-3230 16 7 received receive VERB cjal-3230 16 8 much much ADJ cjal-3230 16 9 scrutiny scrutiny NOUN cjal-3230 16 10 from from ADP cjal-3230 16 11 academics academic NOUN cjal-3230 16 12 and and CCONJ cjal-3230 16 13 practitioners practitioner NOUN cjal-3230 16 14 since since SCONJ cjal-3230 16 15 the the DET cjal-3230 16 16 1997 1997 NUM cjal-3230 16 17 asian asian ADJ cjal-3230 16 18 financial financial ADJ cjal-3230 16 19 crisis crisis NOUN cjal-3230 16 20 . . PUNCT cjal-3230 16 21 ' ' PUNCT cjal-3230 17 1 specifically specifically ADV cjal-3230 17 2 , , PUNCT cjal-3230 17 3 korea korea PROPN cjal-3230 17 4 's 's PART cjal-3230 17 5 economic economic ADJ cjal-3230 17 6 woes woe NOUN cjal-3230 17 7 during during ADP cjal-3230 17 8 the the DET cjal-3230 17 9 crisis crisis NOUN cjal-3230 17 10 were be AUX cjal-3230 17 11 widely widely ADV cjal-3230 17 12 attributed attribute VERB cjal-3230 17 13 to to ADP cjal-3230 17 14 the the DET cjal-3230 17 15 country country NOUN cjal-3230 17 16 's 's PART cjal-3230 17 17 state state NOUN cjal-3230 17 18 - - PUNCT cjal-3230 17 19 dominated dominate VERB cjal-3230 17 20 economic economic ADJ cjal-3230 17 21 policies policy NOUN cjal-3230 17 22 and and CCONJ cjal-3230 17 23 crony crony PROPN cjal-3230 17 24 capitalistic capitalistic PROPN cjal-3230 17 25 behavior,5 behavior,5 NOUN cjal-3230 17 26 often often ADV cjal-3230 17 27 being be AUX cjal-3230 17 28 referred refer VERB cjal-3230 17 29 to to ADP cjal-3230 17 30 as as ADP cjal-3230 17 31 " " PUNCT cjal-3230 17 32 korea korea PROPN cjal-3230 17 33 , , PUNCT cjal-3230 17 34 inc inc PROPN cjal-3230 17 35 . . PUNCT cjal-3230 17 36 " " PUNCT cjal-3230 18 1 since since SCONJ cjal-3230 18 2 1997 1997 NUM cjal-3230 18 3 , , PUNCT cjal-3230 18 4 risk risk NOUN cjal-3230 18 5 aversion aversion NOUN cjal-3230 18 6 is be AUX cjal-3230 18 7 defined define VERB cjal-3230 18 8 as as ADP cjal-3230 18 9 investors investor NOUN cjal-3230 18 10 who who PRON cjal-3230 18 11 dislike dislike VERB cjal-3230 18 12 risk risk NOUN cjal-3230 18 13 , , PUNCT cjal-3230 18 14 or or CCONJ cjal-3230 18 15 alternatively alternatively ADV cjal-3230 18 16 , , PUNCT cjal-3230 18 17 can can AUX cjal-3230 18 18 be be AUX cjal-3230 18 19 viewed view VERB cjal-3230 18 20 as as ADP cjal-3230 18 21 a a DET cjal-3230 18 22 function function NOUN cjal-3230 18 23 of of ADP cjal-3230 18 24 " " PUNCT cjal-3230 18 25 people people NOUN cjal-3230 18 26 's 's PART cjal-3230 18 27 preferences preference NOUN cjal-3230 18 28 on on ADP cjal-3230 18 29 risk risk NOUN cjal-3230 18 30 . . PUNCT cjal-3230 18 31 " " PUNCT cjal-3230 19 1 investors investor NOUN cjal-3230 19 2 decide decide VERB cjal-3230 19 3 asset asset NOUN cjal-3230 19 4 investment investment NOUN cjal-3230 19 5 selection selection NOUN cjal-3230 19 6 based base VERB cjal-3230 19 7 on on ADP cjal-3230 19 8 the the DET cjal-3230 19 9 personal personal ADJ cjal-3230 19 10 preference preference NOUN cjal-3230 19 11 of of ADP cjal-3230 19 12 the the DET cjal-3230 19 13 riskiness riskiness NOUN cjal-3230 19 14 of of ADP cjal-3230 19 15 each each DET cjal-3230 19 16 asset asset NOUN cjal-3230 19 17 's 's PART cjal-3230 19 18 return return NOUN cjal-3230 19 19 . . PUNCT cjal-3230 20 1 see see VERB cjal-3230 20 2 paul paul PROPN cjal-3230 20 3 r. r. PROPN cjal-3230 20 4 krugman krugman PROPN cjal-3230 20 5 and and CCONJ cjal-3230 20 6 maurice maurice PROPN cjal-3230 20 7 obstfeld obstfeld PROPN cjal-3230 20 8 , , PUNCT cjal-3230 20 9 international international ADJ cjal-3230 20 10 economics economic NOUN cjal-3230 20 11 theory theory NOUN cjal-3230 20 12 and and CCONJ cjal-3230 20 13 policy policy NOUN cjal-3230 20 14 638 638 NUM cjal-3230 20 15 ( ( PUNCT cjal-3230 20 16 addison addison PROPN cjal-3230 20 17 wesley wesley PROPN cjal-3230 20 18 publishing publishing PROPN cjal-3230 20 19 company company PROPN cjal-3230 20 20 , , PUNCT cjal-3230 20 21 inc inc PROPN cjal-3230 20 22 . . PROPN cjal-3230 20 23 , , PUNCT cjal-3230 20 24 2003 2003 NUM cjal-3230 20 25 , , PUNCT cjal-3230 20 26 6th 6th ADJ cjal-3230 20 27 ed ed NOUN cjal-3230 20 28 . . PUNCT cjal-3230 20 29 ) ) PUNCT cjal-3230 21 1 [ [ X cjal-3230 21 2 hereinafter hereinafter NOUN cjal-3230 21 3 krugman krugman PROPN cjal-3230 21 4 ] ] PUNCT cjal-3230 21 5 . . X cjal-3230 21 6 2 2 NUM cjal-3230 21 7 according accord VERB cjal-3230 21 8 to to ADP cjal-3230 21 9 the the DET cjal-3230 21 10 housing housing NOUN cjal-3230 21 11 price price NOUN cjal-3230 21 12 index index NOUN cjal-3230 21 13 compiled compile VERB cjal-3230 21 14 by by ADP cjal-3230 21 15 kookmin kookmin PROPN cjal-3230 21 16 bank bank PROPN cjal-3230 21 17 ( ( PUNCT cjal-3230 21 18 a a DET cjal-3230 21 19 large large ADJ cjal-3230 21 20 korean korean ADJ cjal-3230 21 21 domestic domestic ADJ cjal-3230 21 22 bank bank NOUN cjal-3230 21 23 ) ) PUNCT cjal-3230 21 24 , , PUNCT cjal-3230 21 25 a a DET cjal-3230 21 26 sharp sharp ADJ cjal-3230 21 27 increase increase NOUN cjal-3230 21 28 in in ADP cjal-3230 21 29 housing housing NOUN cjal-3230 21 30 prices price NOUN cjal-3230 21 31 existed exist VERB cjal-3230 21 32 since since SCONJ cjal-3230 21 33 1990 1990 NUM cjal-3230 21 34 . . PUNCT cjal-3230 22 1 for for ADP cjal-3230 22 2 example example NOUN cjal-3230 22 3 , , PUNCT cjal-3230 22 4 the the DET cjal-3230 22 5 index index NOUN cjal-3230 22 6 point point NOUN cjal-3230 22 7 was be AUX cjal-3230 22 8 80.13 80.13 NUM cjal-3230 22 9 in in ADP cjal-3230 22 10 1990 1990 NUM cjal-3230 22 11 , , PUNCT cjal-3230 22 12 and and CCONJ cjal-3230 22 13 increased increase VERB cjal-3230 22 14 to to ADP cjal-3230 22 15 98.06 98.06 NUM cjal-3230 22 16 in in ADP cjal-3230 22 17 2003 2003 NUM cjal-3230 22 18 . . PUNCT cjal-3230 23 1 this this PRON cjal-3230 23 2 represents represent VERB cjal-3230 23 3 a a DET cjal-3230 23 4 22.39 22.39 NUM cjal-3230 23 5 % % NOUN cjal-3230 23 6 increase increase NOUN cjal-3230 23 7 within within ADP cjal-3230 23 8 a a DET cjal-3230 23 9 thirteen thirteen NUM cjal-3230 23 10 - - PUNCT cjal-3230 23 11 year year NOUN cjal-3230 23 12 period period NOUN cjal-3230 23 13 . . PUNCT cjal-3230 24 1 see see VERB cjal-3230 24 2 kookmin kookmin PROPN cjal-3230 24 3 bank bank PROPN cjal-3230 24 4 website website NOUN cjal-3230 24 5 , , PUNCT cjal-3230 24 6 available available ADJ cjal-3230 24 7 at at ADP cjal-3230 24 8 httip://est.kbstar.com/quics?page=a005332&cc=a004697:a004697 httip://est.kbstar.com/quics?page=a005332&cc=a004697:a004697 NOUN cjal-3230 24 9 . . PUNCT cjal-3230 25 1 3 3 NUM cjal-3230 25 2 all all DET cjal-3230 25 3 references reference NOUN cjal-3230 25 4 herein herein VERB cjal-3230 25 5 to to ADP cjal-3230 25 6 " " PUNCT cjal-3230 25 7 korea korea PROPN cjal-3230 25 8 " " PUNCT cjal-3230 25 9 , , PUNCT cjal-3230 25 10 " " PUNCT cjal-3230 25 11 republic republic NOUN cjal-3230 25 12 of of ADP cjal-3230 25 13 korea korea PROPN cjal-3230 25 14 " " PUNCT cjal-3230 25 15 , , PUNCT cjal-3230 25 16 " " PUNCT cjal-3230 25 17 south south PROPN cjal-3230 25 18 korea korea PROPN cjal-3230 25 19 " " PUNCT cjal-3230 25 20 , , PUNCT cjal-3230 25 21 and/or and/or CCONJ cjal-3230 25 22 any any DET cjal-3230 25 23 related related ADJ cjal-3230 25 24 derivate derivate NOUN cjal-3230 25 25 thereof thereof ADV cjal-3230 25 26 , , PUNCT cjal-3230 25 27 shall shall AUX cjal-3230 25 28 be be AUX cjal-3230 25 29 construed construe VERB cjal-3230 25 30 to to PART cjal-3230 25 31 mean mean VERB cjal-3230 25 32 the the DET cjal-3230 25 33 republic republic NOUN cjal-3230 25 34 of of ADP cjal-3230 25 35 korea korea PROPN cjal-3230 25 36 . . PUNCT cjal-3230 26 1 4 4 NUM cjal-3230 26 2 see see VERB cjal-3230 26 3 infra infra NOUN cjal-3230 26 4 note note VERB cjal-3230 26 5 188 188 NUM cjal-3230 26 6 . . PUNCT cjal-3230 27 1 see see VERB cjal-3230 27 2 also also ADV cjal-3230 27 3 chan chan PROPN cjal-3230 27 4 - - PUNCT cjal-3230 27 5 hyun hyun PROPN cjal-3230 27 6 sohn sohn PROPN cjal-3230 27 7 , , PUNCT cjal-3230 27 8 korea korea PROPN cjal-3230 27 9 's 's PART cjal-3230 27 10 corporate corporate ADJ cjal-3230 27 11 restructuring restructuring NOUN cjal-3230 27 12 since since SCONJ cjal-3230 27 13 the the DET cjal-3230 27 14 financial financial ADJ cjal-3230 27 15 crisis crisis NOUN cjal-3230 27 16 20 20 NUM cjal-3230 27 17 - - SYM cjal-3230 27 18 21 21 NUM cjal-3230 27 19 ( ( PUNCT cjal-3230 27 20 korea korea PROPN cjal-3230 27 21 institute institute PROPN cjal-3230 27 22 for for ADP cjal-3230 27 23 international international ADJ cjal-3230 27 24 economic economic ADJ cjal-3230 27 25 policy policy NOUN cjal-3230 27 26 , , PUNCT cjal-3230 27 27 seoul seoul PROPN cjal-3230 27 28 , , PUNCT cjal-3230 27 29 s. s. PROPN cjal-3230 27 30 korea korea PROPN cjal-3230 27 31 , , PUNCT cjal-3230 27 32 december december PROPN cjal-3230 27 33 2002 2002 NUM cjal-3230 27 34 ) ) PUNCT cjal-3230 27 35 5 5 NUM cjal-3230 27 36 see see VERB cjal-3230 27 37 david david PROPN cjal-3230 27 38 c. c. PROPN cjal-3230 27 39 kang kang PROPN cjal-3230 27 40 , , PUNCT cjal-3230 27 41 crony crony NOUN cjal-3230 27 42 capitalism capitalism NOUN cjal-3230 27 43 : : PUNCT cjal-3230 27 44 corruption corruption NOUN cjal-3230 27 45 and and CCONJ cjal-3230 27 46 development development NOUN cjal-3230 27 47 in in ADP cjal-3230 27 48 south south PROPN cjal-3230 27 49 korea korea PROPN cjal-3230 27 50 and and CCONJ cjal-3230 27 51 the the DET cjal-3230 27 52 [ [ X cjal-3230 27 53 18:1 18:1 NUM cjal-3230 27 54 2004 2004 NUM cjal-3230 27 55 ] ] PUNCT cjal-3230 27 56 anti anti ADJ cjal-3230 27 57 - - ADJ cjal-3230 27 58 speculation speculation ADJ cjal-3230 27 59 laws law NOUN cjal-3230 27 60 and and CCONJ cjal-3230 27 61 their their PRON cjal-3230 27 62 impact impact NOUN cjal-3230 27 63 however however ADV cjal-3230 27 64 , , PUNCT cjal-3230 27 65 the the DET cjal-3230 27 66 korean korean ADJ cjal-3230 27 67 government government NOUN cjal-3230 27 68 has have AUX cjal-3230 27 69 taken take VERB cjal-3230 27 70 purposeful purposeful ADJ cjal-3230 27 71 steps step NOUN cjal-3230 27 72 towards towards ADP cjal-3230 27 73 liberalizing liberalize VERB cjal-3230 27 74 its its PRON cjal-3230 27 75 economy economy NOUN cjal-3230 27 76 i i PRON cjal-3230 27 77 and and CCONJ cjal-3230 27 78 giving give VERB cjal-3230 27 79 greater great ADJ cjal-3230 27 80 attention attention NOUN cjal-3230 27 81 to to ADP cjal-3230 27 82 issues issue NOUN cjal-3230 27 83 of of ADP cjal-3230 27 84 transparency transparency NOUN cjal-3230 27 85 , , PUNCT cjal-3230 27 86 restructuring restructuring NOUN cjal-3230 27 87 of of ADP cjal-3230 27 88 the the DET cjal-3230 27 89 large large ADJ cjal-3230 27 90 korean korean ADJ cjal-3230 27 91 conglomerates conglomerate NOUN cjal-3230 27 92 ( ( PUNCT cjal-3230 27 93 known know VERB cjal-3230 27 94 as as ADP cjal-3230 27 95 chaebop chaebop NOUN cjal-3230 27 96 ) ) PUNCT cjal-3230 27 97 , , PUNCT cjal-3230 27 98 and and CCONJ cjal-3230 27 99 giving give VERB cjal-3230 27 100 greater great ADJ cjal-3230 27 101 deference deference NOUN cjal-3230 27 102 to to ADP cjal-3230 27 103 free free ADJ cjal-3230 27 104 - - PUNCT cjal-3230 27 105 market market NOUN cjal-3230 27 106 principles.8 principles.8 NOUN cjal-3230 27 107 in in ADP cjal-3230 27 108 may may PROPN cjal-3230 27 109 2003 2003 NUM cjal-3230 27 110 , , PUNCT cjal-3230 27 111 however however ADV cjal-3230 27 112 , , PUNCT cjal-3230 27 113 the the DET cjal-3230 27 114 korean korean ADJ cjal-3230 27 115 government government NOUN cjal-3230 27 116 abruptly abruptly ADV cjal-3230 27 117 reversed reverse VERB cjal-3230 27 118 course course NOUN cjal-3230 27 119 on on ADP cjal-3230 27 120 its its PRON cjal-3230 27 121 policy policy NOUN cjal-3230 27 122 perspective perspective NOUN cjal-3230 27 123 , , PUNCT cjal-3230 27 124 switching switch VERB cjal-3230 27 125 from from ADP cjal-3230 27 126 a a DET cjal-3230 27 127 more more ADJ cjal-3230 27 128 laissez laissez NOUN cjal-3230 27 129 - - PUNCT cjal-3230 27 130 faire faire NOUN cjal-3230 27 131 ' ' PUNCT cjal-3230 27 132 to to ADP cjal-3230 27 133 a a DET cjal-3230 27 134 more more ADV cjal-3230 27 135 hands hand NOUN cjal-3230 27 136 - - PUNCT cjal-3230 27 137 on on ADP cjal-3230 27 138 market market NOUN cjal-3230 27 139 approach approach NOUN cjal-3230 27 140 . . PUNCT cjal-3230 28 1 such such DET cjal-3230 28 2 a a DET cjal-3230 28 3 policy policy NOUN cjal-3230 28 4 reversal reversal NOUN cjal-3230 28 5 relating relate VERB cjal-3230 28 6 to to ADP cjal-3230 28 7 real real ADJ cjal-3230 28 8 estate estate NOUN cjal-3230 28 9 investment investment NOUN cjal-3230 28 10 markets market NOUN cjal-3230 28 11 came come VERB cjal-3230 28 12 in in ADP cjal-3230 28 13 the the DET cjal-3230 28 14 form form NOUN cjal-3230 28 15 of of ADP cjal-3230 28 16 three three NUM cjal-3230 28 17 legislative legislative ADJ cjal-3230 28 18 announcements announcement NOUN cjal-3230 28 19 in in ADP cjal-3230 28 20 2003 2003 NUM cjal-3230 28 21 , , PUNCT cjal-3230 28 22 to to PART cjal-3230 28 23 be be AUX cjal-3230 28 24 put put VERB cjal-3230 28 25 into into ADP cjal-3230 28 26 effect effect NOUN cjal-3230 28 27 in in ADP cjal-3230 28 28 early early ADJ cjal-3230 28 29 2005"0 2005"0 NUM cjal-3230 28 30 ( ( PUNCT cjal-3230 28 31 collectively collectively ADV cjal-3230 28 32 , , PUNCT cjal-3230 28 33 the the DET cjal-3230 28 34 " " PUNCT cjal-3230 28 35 anti anti ADJ cjal-3230 28 36 - - ADJ cjal-3230 28 37 speculation speculation ADJ cjal-3230 28 38 laws law NOUN cjal-3230 28 39 " " PUNCT cjal-3230 28 40 ) ) PUNCT cjal-3230 28 41 . . PUNCT cjal-3230 29 1 in in ADP cjal-3230 29 2 short short ADJ cjal-3230 29 3 , , PUNCT cjal-3230 29 4 the the DET cjal-3230 29 5 anti anti ADJ cjal-3230 29 6 - - ADJ cjal-3230 29 7 speculation speculation ADJ cjal-3230 29 8 laws law NOUN cjal-3230 29 9 ' ' PART cjal-3230 29 10 objective objective NOUN cjal-3230 29 11 is be AUX cjal-3230 29 12 to to PART cjal-3230 29 13 curb curb VERB cjal-3230 29 14 real real ADJ cjal-3230 29 15 estate estate NOUN cjal-3230 29 16 investment investment NOUN cjal-3230 29 17 speculation speculation NOUN cjal-3230 29 18 in in ADP cjal-3230 29 19 the the DET cjal-3230 29 20 korean korean ADJ cjal-3230 29 21 real real ADJ cjal-3230 29 22 estate estate NOUN cjal-3230 29 23 markets market NOUN cjal-3230 29 24 by by ADP cjal-3230 29 25 significantly significantly ADV cjal-3230 29 26 increasing increase VERB cjal-3230 29 27 tax tax NOUN cjal-3230 29 28 burdens burden NOUN cjal-3230 29 29 on on ADP cjal-3230 29 30 most most ADJ cjal-3230 29 31 property property NOUN cjal-3230 29 32 owners owner NOUN cjal-3230 29 33 . . PUNCT cjal-3230 30 1 regarding regard VERB cjal-3230 30 2 the the DET cjal-3230 30 3 new new ADJ cjal-3230 30 4 policy policy NOUN cjal-3230 30 5 approach approach NOUN cjal-3230 30 6 , , PUNCT cjal-3230 30 7 several several ADJ cjal-3230 30 8 threshold threshold NOUN cjal-3230 30 9 issues issue NOUN cjal-3230 30 10 arise arise VERB cjal-3230 30 11 . . PUNCT cjal-3230 31 1 first first ADV cjal-3230 31 2 , , PUNCT cjal-3230 31 3 whether whether SCONJ cjal-3230 31 4 the the DET cjal-3230 31 5 korean korean ADJ cjal-3230 31 6 government government NOUN cjal-3230 31 7 , , PUNCT cjal-3230 31 8 in in ADP cjal-3230 31 9 addition addition NOUN cjal-3230 31 10 to to ADP cjal-3230 31 11 the the DET cjal-3230 31 12 traditional traditional ADJ cjal-3230 31 13 public public ADJ cjal-3230 31 14 sector sector NOUN cjal-3230 31 15 tasks task NOUN cjal-3230 31 16 of of ADP cjal-3230 31 17 passing pass VERB cjal-3230 31 18 traditional traditional ADJ cjal-3230 31 19 legislation legislation NOUN cjal-3230 31 20 relating relate VERB cjal-3230 31 21 to to ADP cjal-3230 31 22 such such ADJ cjal-3230 31 23 things thing NOUN cjal-3230 31 24 as as ADP cjal-3230 31 25 crime crime NOUN cjal-3230 31 26 , , PUNCT cjal-3230 31 27 education education NOUN cjal-3230 31 28 , , PUNCT cjal-3230 31 29 and and CCONJ cjal-3230 31 30 labor labor NOUN cjal-3230 31 31 issues issue NOUN cjal-3230 31 32 , , PUNCT cjal-3230 31 33 should should AUX cjal-3230 31 34 also also ADV cjal-3230 31 35 play play VERB cjal-3230 31 36 the the DET cjal-3230 31 37 market market NOUN cjal-3230 31 38 - - PUNCT cjal-3230 31 39 altering alter VERB cjal-3230 31 40 role role NOUN cjal-3230 31 41 of of ADP cjal-3230 31 42 omnipresent omnipresent NOUN cjal-3230 31 43 capital capital NOUN cjal-3230 31 44 markets market NOUN cjal-3230 31 45 commentator commentator NOUN cjal-3230 31 46 and and CCONJ cjal-3230 31 47 personal personal ADJ cjal-3230 31 48 investment investment NOUN cjal-3230 31 49 advisor advisor NOUN cjal-3230 31 50 in in ADP cjal-3230 31 51 the the DET cjal-3230 31 52 private private ADJ cjal-3230 31 53 sector sector NOUN cjal-3230 31 54 to to ADP cjal-3230 31 55 all all DET cjal-3230 31 56 its its PRON cjal-3230 31 57 citizens citizen NOUN cjal-3230 31 58 ? ? PUNCT cjal-3230 31 59 " " PUNCT cjal-3230 32 1 second second ADJ cjal-3230 32 2 , , PUNCT cjal-3230 32 3 even even ADV cjal-3230 32 4 if if SCONJ cjal-3230 32 5 the the DET cjal-3230 32 6 phillivines phillivine NOUN cjal-3230 32 7 3 3 NUM cjal-3230 32 8 - - SYM cjal-3230 32 9 5 5 NUM cjal-3230 32 10 ( ( PUNCT cjal-3230 32 11 cambridge cambridge PROPN cjal-3230 32 12 university university PROPN cjal-3230 32 13 press press NOUN cjal-3230 32 14 , , PUNCT cjal-3230 32 15 1 1 NUM cjal-3230 32 16 ' ' PART cjal-3230 32 17 edition edition NOUN cjal-3230 32 18 , , PUNCT cjal-3230 32 19 2002 2002 NUM cjal-3230 32 20 ) ) PUNCT cjal-3230 32 21 . . PUNCT cjal-3230 33 1 see see VERB cjal-3230 33 2 also also ADV cjal-3230 33 3 generally generally ADV cjal-3230 33 4 chung chung VERB cjal-3230 33 5 - - PUNCT cjal-3230 33 6 a a DET cjal-3230 33 7 park park NOUN cjal-3230 33 8 , , PUNCT cjal-3230 33 9 chaebol chaebol NOUN cjal-3230 33 10 attack attack NOUN cjal-3230 33 11 anglo anglo ADJ cjal-3230 33 12 - - PUNCT cjal-3230 33 13 saxon saxon NOUN cjal-3230 33 14 economic economic ADJ cjal-3230 33 15 model model NOUN cjal-3230 33 16 . . PUNCT cjal-3230 34 1 korea korea PROPN cjal-3230 34 2 times times PROPN cjal-3230 34 3 , , PUNCT cjal-3230 34 4 october october PROPN cjal-3230 34 5 27 27 NUM cjal-3230 34 6 , , PUNCT cjal-3230 34 7 2004 2004 NUM cjal-3230 34 8 , , PUNCT cjal-3230 34 9 available available ADJ cjal-3230 34 10 at at ADP cjal-3230 34 11 http://news.naver.com/news/read.php?mode=lsd&office http://news.naver.com/news/read.php?mode=lsd&office PROPN cjal-3230 34 12 id=040&article id=040&article PROPN cjal-3230 34 13 id=0000016390§ion id=0000016390§ion PROPN cjal-3230 34 14 id=108&menu id=108&menu PRON cjal-3230 34 15 id=108 id=108 NOUN cjal-3230 34 16 . . PROPN cjal-3230 34 17 6 6 NUM cjal-3230 34 18 in in ADP cjal-3230 34 19 substance substance NOUN cjal-3230 34 20 , , PUNCT cjal-3230 34 21 much much ADJ cjal-3230 34 22 of of ADP cjal-3230 34 23 the the DET cjal-3230 34 24 post post ADJ cjal-3230 34 25 - - ADJ cjal-3230 34 26 imf imf ADJ cjal-3230 34 27 liberalization liberalization NOUN cjal-3230 34 28 efforts effort NOUN cjal-3230 34 29 were be AUX cjal-3230 34 30 aimed aim VERB cjal-3230 34 31 to to PART cjal-3230 34 32 re re VERB cjal-3230 34 33 - - NOUN cjal-3230 34 34 instill instill ADJ cjal-3230 34 35 investor investor NOUN cjal-3230 34 36 confidence confidence NOUN cjal-3230 34 37 by by ADP cjal-3230 34 38 increasing increase VERB cjal-3230 34 39 interest interest NOUN cjal-3230 34 40 rates rate NOUN cjal-3230 34 41 to to PART cjal-3230 34 42 increase increase VERB cjal-3230 34 43 deposits deposit NOUN cjal-3230 34 44 , , PUNCT cjal-3230 34 45 pursue pursue VERB cjal-3230 34 46 a a DET cjal-3230 34 47 tight tight ADJ cjal-3230 34 48 monetary monetary ADJ cjal-3230 34 49 policy policy NOUN cjal-3230 34 50 into into ADP cjal-3230 34 51 the the DET cjal-3230 34 52 korean korean ADJ cjal-3230 34 53 markets market NOUN cjal-3230 34 54 , , PUNCT cjal-3230 34 55 and and CCONJ cjal-3230 34 56 spur spur VERB cjal-3230 34 57 domestic domestic ADJ cjal-3230 34 58 macroeconomic macroeconomic ADJ cjal-3230 34 59 growth growth NOUN cjal-3230 34 60 vis vis X cjal-3230 34 61 - - PUNCT cjal-3230 34 62 i i PRON cjal-3230 34 63 - - PUNCT cjal-3230 34 64 vis vis X cjal-3230 34 65 easing easing NOUN cjal-3230 34 66 of of ADP cjal-3230 34 67 credit credit NOUN cjal-3230 34 68 issuances issuance NOUN cjal-3230 34 69 to to PART cjal-3230 34 70 encourage encourage VERB cjal-3230 34 71 consumer consumer NOUN cjal-3230 34 72 financing financing NOUN cjal-3230 34 73 and and CCONJ cjal-3230 34 74 therefore therefore ADV cjal-3230 34 75 domestic domestic ADJ cjal-3230 34 76 spending spending NOUN cjal-3230 34 77 . . PUNCT cjal-3230 35 1 7 7 NUM cjal-3230 35 2 two two NUM cjal-3230 35 3 chinese chinese ADJ cjal-3230 35 4 characters character NOUN cjal-3230 35 5 are be AUX cjal-3230 35 6 used use VERB cjal-3230 35 7 to to PART cjal-3230 35 8 describe describe VERB cjal-3230 35 9 the the DET cjal-3230 35 10 term term NOUN cjal-3230 35 11 chaebol chaebol NOUN cjal-3230 35 12 . . PUNCT cjal-3230 36 1 the the DET cjal-3230 36 2 first first ADJ cjal-3230 36 3 character character NOUN cjal-3230 36 4 translates translate VERB cjal-3230 36 5 into into ADP cjal-3230 36 6 " " PUNCT cjal-3230 36 7 wealth wealth NOUN cjal-3230 36 8 " " PUNCT cjal-3230 36 9 or or CCONJ cjal-3230 36 10 " " PUNCT cjal-3230 36 11 finance finance NOUN cjal-3230 36 12 " " PUNCT cjal-3230 36 13 , , PUNCT cjal-3230 36 14 while while SCONJ cjal-3230 36 15 the the DET cjal-3230 36 16 second second ADJ cjal-3230 36 17 character character NOUN cjal-3230 36 18 is be AUX cjal-3230 36 19 defined define VERB cjal-3230 36 20 as as ADP cjal-3230 36 21 " " PUNCT cjal-3230 36 22 clique clique NOUN cjal-3230 36 23 " " PUNCT cjal-3230 36 24 . . PUNCT cjal-3230 37 1 the the DET cjal-3230 37 2 japanese japanese ADJ cjal-3230 37 3 pronunciation pronunciation NOUN cjal-3230 37 4 of of ADP cjal-3230 37 5 these these DET cjal-3230 37 6 two two NUM cjal-3230 37 7 ( ( PUNCT cjal-3230 37 8 chinese chinese ADJ cjal-3230 37 9 ) ) PUNCT cjal-3230 37 10 characters character NOUN cjal-3230 37 11 is be AUX cjal-3230 37 12 zaibatsu zaibatsu PROPN cjal-3230 37 13 , , PUNCT cjal-3230 37 14 which which PRON cjal-3230 37 15 is be AUX cjal-3230 37 16 used use VERB cjal-3230 37 17 to to PART cjal-3230 37 18 describe describe VERB cjal-3230 37 19 giant giant ADJ cjal-3230 37 20 industrial industrial ADJ cjal-3230 37 21 groups group NOUN cjal-3230 37 22 in in ADP cjal-3230 37 23 pre pre ADJ cjal-3230 37 24 - - ADJ cjal-3230 37 25 war war ADJ cjal-3230 37 26 japan japan PROPN cjal-3230 37 27 . . PUNCT cjal-3230 38 1 8 8 NUM cjal-3230 39 1 " " PUNCT cjal-3230 39 2 the the DET cjal-3230 39 3 main main ADJ cjal-3230 39 4 tool tool NOUN cjal-3230 39 5 of of ADP cjal-3230 39 6 microeconomics microeconomics NOUN cjal-3230 39 7 is be AUX cjal-3230 39 8 the the DET cjal-3230 39 9 model model NOUN cjal-3230 39 10 of of ADP cjal-3230 39 11 supply supply NOUN cjal-3230 39 12 and and CCONJ cjal-3230 39 13 demand demand NOUN cjal-3230 39 14 . . PUNCT cjal-3230 40 1 through through ADP cjal-3230 40 2 this this DET cjal-3230 40 3 model model NOUN cjal-3230 40 4 it it PRON cjal-3230 40 5 is be AUX cjal-3230 40 6 predicted predict VERB cjal-3230 40 7 that that SCONJ cjal-3230 40 8 the the DET cjal-3230 40 9 market market NOUN cjal-3230 40 10 will will AUX cjal-3230 40 11 efficiently efficiently ADV cjal-3230 40 12 allocate allocate VERB cjal-3230 40 13 resources resource NOUN cjal-3230 40 14 throughout throughout ADP cjal-3230 40 15 the the DET cjal-3230 40 16 economy economy NOUN cjal-3230 40 17 through through ADP cjal-3230 40 18 the the DET cjal-3230 40 19 process process NOUN cjal-3230 40 20 of of ADP cjal-3230 40 21 demand demand NOUN cjal-3230 40 22 and and CCONJ cjal-3230 40 23 supply supply NOUN cjal-3230 40 24 interaction interaction NOUN cjal-3230 40 25 and and CCONJ cjal-3230 40 26 specialization specialization NOUN cjal-3230 40 27 . . PUNCT cjal-3230 40 28 " " PUNCT cjal-3230 41 1 see see VERB cjal-3230 41 2 rebecca rebecca PROPN cjal-3230 41 3 harding harding PROPN cjal-3230 41 4 , , PUNCT cjal-3230 41 5 one one NUM cjal-3230 41 6 semester semester NOUN cjal-3230 41 7 economics economic NOUN cjal-3230 41 8 : : PUNCT cjal-3230 41 9 an an DET cjal-3230 41 10 introduction introduction NOUN cjal-3230 41 11 for for ADP cjal-3230 41 12 business business NOUN cjal-3230 41 13 and and CCONJ cjal-3230 41 14 managements management NOUN cjal-3230 41 15 students student NOUN cjal-3230 41 16 275 275 NUM cjal-3230 41 17 - - SYM cjal-3230 41 18 276 276 NUM cjal-3230 41 19 ( ( PUNCT cjal-3230 41 20 blackwell blackwell PROPN cjal-3230 41 21 publishers publishers PROPN cjal-3230 41 22 ltd ltd PROPN cjal-3230 41 23 . . PROPN cjal-3230 41 24 ) ) PUNCT cjal-3230 42 1 ( ( PUNCT cjal-3230 42 2 hereinafter hereinafter NOUN cjal-3230 42 3 harding harding PROPN cjal-3230 42 4 ] ] PUNCT cjal-3230 42 5 . . PUNCT cjal-3230 43 1 9 9 NUM cjal-3230 43 2 see see NOUN cjal-3230 43 3 infra infra NOUN cjal-3230 43 4 note note VERB cjal-3230 43 5 173 173 NUM cjal-3230 43 6 . . PUNCT cjal-3230 44 1 laissez laissez NOUN cjal-3230 44 2 - - PUNCT cjal-3230 44 3 faire faire NOUN cjal-3230 44 4 market market NOUN cjal-3230 44 5 price price NOUN cjal-3230 44 6 is be AUX cjal-3230 44 7 set set VERB cjal-3230 44 8 by by ADP cjal-3230 44 9 supply supply NOUN cjal-3230 44 10 and and CCONJ cjal-3230 44 11 demand demand NOUN cjal-3230 44 12 without without ADP cjal-3230 44 13 any any DET cjal-3230 44 14 government government NOUN cjal-3230 44 15 intervention intervention NOUN cjal-3230 44 16 . . PUNCT cjal-3230 45 1 krugman krugman PROPN cjal-3230 45 2 at at ADP cjal-3230 45 3 276 276 NUM cjal-3230 45 4 . . PUNCT cjal-3230 46 1 moreover moreover ADV cjal-3230 46 2 , , PUNCT cjal-3230 46 3 " " PUNCT cjal-3230 46 4 [ [ X cjal-3230 46 5 a a X cjal-3230 46 6 ] ] X cjal-3230 46 7 laissez laissez ADJ cjal-3230 46 8 - - PUNCT cjal-3230 46 9 faire faire X cjal-3230 46 10 model model NOUN cjal-3230 46 11 of of ADP cjal-3230 46 12 economic economic ADJ cjal-3230 46 13 management management NOUN cjal-3230 46 14 develops develop VERB cjal-3230 46 15 where where SCONJ cjal-3230 46 16 economic economic ADJ cjal-3230 46 17 power power NOUN cjal-3230 46 18 rests rest VERB cjal-3230 46 19 in in ADP cjal-3230 46 20 the the DET cjal-3230 46 21 hands hand NOUN cjal-3230 46 22 of of ADP cjal-3230 46 23 businesses business NOUN cjal-3230 46 24 and and CCONJ cjal-3230 46 25 consumers consumer NOUN cjal-3230 46 26 through through ADP cjal-3230 46 27 their their PRON cjal-3230 46 28 demand demand NOUN cjal-3230 46 29 and and CCONJ cjal-3230 46 30 supply supply NOUN cjal-3230 46 31 decisions decision NOUN cjal-3230 46 32 . . PUNCT cjal-3230 46 33 " " PUNCT cjal-3230 47 1 i i PRON cjal-3230 47 2 d. d. PROPN cjal-3230 47 3 at at ADP cjal-3230 47 4 47 47 NUM cjal-3230 47 5 . . PUNCT cjal-3230 48 1 ' ' NUM cjal-3230 48 2 0 0 NUM cjal-3230 49 1 the the DET cjal-3230 49 2 first first ADJ cjal-3230 49 3 announcement announcement NOUN cjal-3230 49 4 occurred occur VERB cjal-3230 49 5 on on ADP cjal-3230 49 6 may may PROPN cjal-3230 49 7 15 15 NUM cjal-3230 49 8 , , PUNCT cjal-3230 49 9 2003 2003 NUM cjal-3230 49 10 . . PUNCT cjal-3230 50 1 the the DET cjal-3230 50 2 second second ADJ cjal-3230 50 3 announcement announcement NOUN cjal-3230 50 4 occurred occur VERB cjal-3230 50 5 on on ADP cjal-3230 50 6 september september PROPN cjal-3230 50 7 1 1 NUM cjal-3230 50 8 , , PUNCT cjal-3230 50 9 2003 2003 NUM cjal-3230 50 10 . . PUNCT cjal-3230 51 1 the the DET cjal-3230 51 2 third third ADJ cjal-3230 51 3 and and CCONJ cjal-3230 51 4 final final ADJ cjal-3230 51 5 announcement announcement NOUN cjal-3230 51 6 occurred occur VERB cjal-3230 51 7 on on ADP cjal-3230 51 8 october october PROPN cjal-3230 51 9 29 29 NUM cjal-3230 51 10 , , PUNCT cjal-3230 51 11 2003 2003 NUM cjal-3230 51 12 . . PUNCT cjal-3230 52 1 see see VERB cjal-3230 52 2 also also ADV cjal-3230 52 3 infra infra NOUN cjal-3230 52 4 note note VERB cjal-3230 52 5 49 49 NUM cjal-3230 52 6 . . PUNCT cjal-3230 52 7 " " PUNCT cjal-3230 53 1 that that PRON cjal-3230 53 2 is be AUX cjal-3230 53 3 to to PART cjal-3230 53 4 say say VERB cjal-3230 53 5 , , PUNCT cjal-3230 53 6 when when SCONJ cjal-3230 53 7 a a DET cjal-3230 53 8 plethora plethora NOUN cjal-3230 53 9 of of ADP cjal-3230 53 10 viable viable ADJ cjal-3230 53 11 and and CCONJ cjal-3230 53 12 credible credible ADJ cjal-3230 53 13 market market NOUN cjal-3230 53 14 commentators commentator NOUN cjal-3230 53 15 and and CCONJ cjal-3230 53 16 information information NOUN cjal-3230 53 17 already already ADV cjal-3230 53 18 clearly clearly ADV cjal-3230 53 19 exists exist VERB cjal-3230 53 20 to to ADP cjal-3230 53 21 the the DET cjal-3230 53 22 general general ADJ cjal-3230 53 23 public public NOUN cjal-3230 53 24 ( ( PUNCT cjal-3230 53 25 who who PRON cjal-3230 53 26 possesses possess VERB cjal-3230 53 27 the the DET cjal-3230 53 28 highest high ADJ cjal-3230 53 29 percentage percentage NOUN cjal-3230 53 30 of of ADP cjal-3230 53 31 internet internet NOUN cjal-3230 53 32 access access NOUN cjal-3230 53 33 in in ADP cjal-3230 53 34 the the DET cjal-3230 53 35 world world NOUN cjal-3230 53 36 ) ) PUNCT cjal-3230 53 37 , , PUNCT cjal-3230 53 38 should should AUX cjal-3230 53 39 the the DET cjal-3230 53 40 government government NOUN cjal-3230 53 41 be be AUX cjal-3230 53 42 in in ADP cjal-3230 53 43 the the DET cjal-3230 53 44 business business NOUN cjal-3230 53 45 of of ADP cjal-3230 53 46 signaling signal VERB cjal-3230 53 47 red red ADJ cjal-3230 53 48 , , PUNCT cjal-3230 53 49 yellow yellow ADJ cjal-3230 53 50 , , PUNCT cjal-3230 53 51 and and CCONJ cjal-3230 53 52 green green ADJ cjal-3230 53 53 lights light NOUN cjal-3230 53 54 to to ADP cjal-3230 53 55 every every DET cjal-3230 53 56 member member NOUN cjal-3230 53 57 of of ADP cjal-3230 53 58 its its PRON cjal-3230 53 59 population population NOUN cjal-3230 53 60 regarding regard VERB cjal-3230 53 61 when when SCONJ cjal-3230 53 62 , , PUNCT cjal-3230 53 63 how how SCONJ cjal-3230 53 64 , , PUNCT cjal-3230 53 65 and and CCONJ cjal-3230 53 66 to to ADP cjal-3230 53 67 what what DET cjal-3230 53 68 extent extent NOUN cjal-3230 53 69 individual individual ADJ cjal-3230 53 70 investment investment NOUN cjal-3230 53 71 decisions decision NOUN cjal-3230 53 72 should should AUX cjal-3230 53 73 be be AUX cjal-3230 53 74 made make VERB cjal-3230 53 75 . . PUNCT cjal-3230 54 1 columbia columbia PROPN cjal-3230 54 2 journal journal PROPN cjal-3230 54 3 of of ADP cjal-3230 54 4 asian asian ADJ cjal-3230 54 5 law law NOUN cjal-3230 54 6 government government NOUN cjal-3230 54 7 decides decide VERB cjal-3230 54 8 that that SCONJ cjal-3230 54 9 hands hand NOUN cjal-3230 54 10 - - PUNCT cjal-3230 54 11 on on ADP cjal-3230 54 12 economic economic ADJ cjal-3230 54 13 policies policy NOUN cjal-3230 54 14 should should AUX cjal-3230 54 15 dictate dictate VERB cjal-3230 54 16 , , PUNCT cjal-3230 54 17 whether whether SCONJ cjal-3230 54 18 the the DET cjal-3230 54 19 anti anti ADJ cjal-3230 54 20 - - ADJ cjal-3230 54 21 speculation speculation ADJ cjal-3230 54 22 laws law NOUN cjal-3230 54 23 are be AUX cjal-3230 54 24 specific specific ADJ cjal-3230 54 25 enough enough ADV cjal-3230 54 26 and and CCONJ cjal-3230 54 27 narrowly narrowly ADV cjal-3230 54 28 tailored tailor VERB cjal-3230 54 29 such such ADJ cjal-3230 54 30 as as ADP cjal-3230 54 31 to to PART cjal-3230 54 32 impact impact VERB cjal-3230 54 33 only only ADV cjal-3230 54 34 those those DET cjal-3230 54 35 short short ADJ cjal-3230 54 36 - - PUNCT cjal-3230 54 37 term term NOUN cjal-3230 54 38 investors investor NOUN cjal-3230 54 39 in in ADP cjal-3230 54 40 the the DET cjal-3230 54 41 designated designate VERB cjal-3230 54 42 portions portion NOUN cjal-3230 54 43 of of ADP cjal-3230 54 44 the the DET cjal-3230 54 45 real real ADJ cjal-3230 54 46 estate estate NOUN cjal-3230 54 47 markets market NOUN cjal-3230 54 48 , , PUNCT cjal-3230 54 49 per per ADP cjal-3230 54 50 the the DET cjal-3230 54 51 government government NOUN cjal-3230 54 52 's 's PART cjal-3230 54 53 stated state VERB cjal-3230 54 54 objective objective NOUN cjal-3230 54 55 ? ? PUNCT cjal-3230 55 1 when when SCONJ cjal-3230 55 2 the the DET cjal-3230 55 3 anti anti ADJ cjal-3230 55 4 - - ADJ cjal-3230 55 5 speculation speculation ADJ cjal-3230 55 6 laws law NOUN cjal-3230 55 7 become become VERB cjal-3230 55 8 law,12 law,12 PROPN cjal-3230 55 9 a a DET cjal-3230 55 10 clear clear ADJ cjal-3230 55 11 signal signal NOUN cjal-3230 55 12 will will AUX cjal-3230 55 13 ring ring VERB cjal-3230 55 14 throughout throughout ADP cjal-3230 55 15 the the DET cjal-3230 55 16 korean korean ADJ cjal-3230 55 17 and and CCONJ cjal-3230 55 18 global global ADJ cjal-3230 55 19 markets market NOUN cjal-3230 55 20 that that SCONJ cjal-3230 55 21 a a DET cjal-3230 55 22 return return NOUN cjal-3230 55 23 to to ADP cjal-3230 55 24 crony crony NOUN cjal-3230 55 25 capitalism capitalism NOUN cjal-3230 55 26 may may AUX cjal-3230 55 27 once once ADV cjal-3230 55 28 again again ADV cjal-3230 55 29 re re VERB cjal-3230 55 30 - - VERB cjal-3230 55 31 emerge emerge VERB cjal-3230 55 32 in in ADP cjal-3230 55 33 the the DET cjal-3230 55 34 korean korean ADJ cjal-3230 55 35 peninsula peninsula NOUN cjal-3230 55 36 , , PUNCT cjal-3230 55 37 on on ADP cjal-3230 55 38 a a DET cjal-3230 55 39 scale scale NOUN cjal-3230 55 40 not not PART cjal-3230 55 41 seen see VERB cjal-3230 55 42 since since SCONJ cjal-3230 55 43 before before ADP cjal-3230 55 44 the the DET cjal-3230 55 45 1997 1997 NUM cjal-3230 55 46 korean korean ADJ cjal-3230 55 47 financial financial ADJ cjal-3230 55 48 crisis crisis NOUN cjal-3230 55 49 . . PUNCT cjal-3230 55 50 " " PUNCT cjal-3230 56 1 ii ii PROPN cjal-3230 56 2 . . PUNCT cjal-3230 56 3 paper paper NOUN cjal-3230 56 4 methodology methodology NOUN cjal-3230 56 5 this this DET cjal-3230 56 6 paper paper NOUN cjal-3230 56 7 provides provide VERB cjal-3230 56 8 a a DET cjal-3230 56 9 theoretical theoretical ADJ cjal-3230 56 10 framework framework NOUN cjal-3230 56 11 to to PART cjal-3230 56 12 discuss discuss VERB cjal-3230 56 13 the the DET cjal-3230 56 14 impact impact NOUN cjal-3230 56 15 of of ADP cjal-3230 56 16 anti anti ADJ cjal-3230 56 17 - - ADJ cjal-3230 56 18 speculation speculation ADJ cjal-3230 56 19 laws law NOUN cjal-3230 56 20 on on ADP cjal-3230 56 21 the the DET cjal-3230 56 22 real real ADJ cjal-3230 56 23 estate estate NOUN cjal-3230 56 24 and and CCONJ cjal-3230 56 25 financial financial ADJ cjal-3230 56 26 markets market NOUN cjal-3230 56 27 , , PUNCT cjal-3230 56 28 with with ADP cjal-3230 56 29 respect respect NOUN cjal-3230 56 30 to to ADP cjal-3230 56 31 the the DET cjal-3230 56 32 south south ADJ cjal-3230 56 33 korean korean ADJ cjal-3230 56 34 case case NOUN cjal-3230 56 35 . . PUNCT cjal-3230 57 1 the the DET cjal-3230 57 2 methodology methodology NOUN cjal-3230 57 3 of of ADP cjal-3230 57 4 this this DET cjal-3230 57 5 paper paper NOUN cjal-3230 57 6 will will AUX cjal-3230 57 7 consist consist VERB cjal-3230 57 8 of of ADP cjal-3230 57 9 five five NUM cjal-3230 57 10 parts part NOUN cjal-3230 57 11 . . PUNCT cjal-3230 58 1 first first ADV cjal-3230 58 2 , , PUNCT cjal-3230 58 3 a a DET cjal-3230 58 4 brief brief ADJ cjal-3230 58 5 background background NOUN cjal-3230 58 6 on on ADP cjal-3230 58 7 the the DET cjal-3230 58 8 korean korean ADJ cjal-3230 58 9 real real ADJ cjal-3230 58 10 estate estate NOUN cjal-3230 58 11 market market NOUN cjal-3230 58 12 will will AUX cjal-3230 58 13 be be AUX cjal-3230 58 14 given give VERB cjal-3230 58 15 . . PUNCT cjal-3230 59 1 second second ADJ cjal-3230 59 2 , , PUNCT cjal-3230 59 3 factors factor NOUN cjal-3230 59 4 behind behind ADP cjal-3230 59 5 why why SCONJ cjal-3230 59 6 investors investor NOUN cjal-3230 59 7 may may AUX cjal-3230 59 8 have have AUX cjal-3230 59 9 taken take VERB cjal-3230 59 10 such such DET cjal-3230 59 11 a a DET cjal-3230 59 12 bullish bullish ADJ cjal-3230 59 13 view view NOUN cjal-3230 59 14 towards towards ADP cjal-3230 59 15 korean korean ADJ cjal-3230 59 16 real real ADJ cjal-3230 59 17 estate estate NOUN cjal-3230 59 18 in in ADP cjal-3230 59 19 recent recent ADJ cjal-3230 59 20 years year NOUN cjal-3230 59 21 will will AUX cjal-3230 59 22 be be AUX cjal-3230 59 23 provided provide VERB cjal-3230 59 24 . . PUNCT cjal-3230 60 1 third third ADJ cjal-3230 60 2 , , PUNCT cjal-3230 60 3 an an DET cjal-3230 60 4 overview overview NOUN cjal-3230 60 5 of of ADP cjal-3230 60 6 the the DET cjal-3230 60 7 proposed propose VERB cjal-3230 60 8 laws law NOUN cjal-3230 60 9 will will AUX cjal-3230 60 10 be be AUX cjal-3230 60 11 given give VERB cjal-3230 60 12 . . PUNCT cjal-3230 61 1 fourth fourth ADJ cjal-3230 61 2 , , PUNCT cjal-3230 61 3 an an DET cjal-3230 61 4 analysis analysis NOUN cjal-3230 61 5 of of ADP cjal-3230 61 6 the the DET cjal-3230 61 7 economic economic ADJ cjal-3230 61 8 impact impact NOUN cjal-3230 61 9 of of ADP cjal-3230 61 10 the the DET cjal-3230 61 11 anti anti ADJ cjal-3230 61 12 - - ADJ cjal-3230 61 13 speculation speculation ADJ cjal-3230 61 14 laws law NOUN cjal-3230 61 15 , , PUNCT cjal-3230 61 16 from from ADP cjal-3230 61 17 both both CCONJ cjal-3230 61 18 a a DET cjal-3230 61 19 theoretical theoretical ADJ cjal-3230 61 20 and and CCONJ cjal-3230 61 21 practitioner practitioner NOUN cjal-3230 61 22 's 's PART cjal-3230 61 23 perspective perspective NOUN cjal-3230 61 24 , , PUNCT cjal-3230 61 25 will will AUX cjal-3230 61 26 be be AUX cjal-3230 61 27 offered offer VERB cjal-3230 61 28 . . PUNCT cjal-3230 62 1 fifth fifth ADJ cjal-3230 62 2 , , PUNCT cjal-3230 62 3 and and CCONJ cjal-3230 62 4 finally finally ADV cjal-3230 62 5 , , PUNCT cjal-3230 62 6 a a DET cjal-3230 62 7 theory theory NOUN cjal-3230 62 8 - - PUNCT cjal-3230 62 9 based base VERB cjal-3230 62 10 risk risk NOUN cjal-3230 62 11 assessment assessment NOUN cjal-3230 62 12 relating relate VERB cjal-3230 62 13 to to ADP cjal-3230 62 14 the the DET cjal-3230 62 15 impact impact NOUN cjal-3230 62 16 of of ADP cjal-3230 62 17 the the DET cjal-3230 62 18 anti anti ADJ cjal-3230 62 19 - - ADJ cjal-3230 62 20 speculation speculation ADJ cjal-3230 62 21 law law NOUN cjal-3230 62 22 , , PUNCT cjal-3230 62 23 upon upon SCONJ cjal-3230 62 24 both both CCONJ cjal-3230 62 25 the the DET cjal-3230 62 26 real real ADJ cjal-3230 62 27 estate estate NOUN cjal-3230 62 28 and and CCONJ cjal-3230 62 29 financial financial ADJ cjal-3230 62 30 markets market NOUN cjal-3230 62 31 , , PUNCT cjal-3230 62 32 will will AUX cjal-3230 62 33 be be AUX cjal-3230 62 34 discussed discuss VERB cjal-3230 62 35 . . PUNCT cjal-3230 63 1 this this DET cjal-3230 63 2 paper paper NOUN cjal-3230 63 3 argues argue VERB cjal-3230 63 4 that that SCONJ cjal-3230 63 5 the the DET cjal-3230 63 6 anti anti ADJ cjal-3230 63 7 - - ADJ cjal-3230 63 8 speculation speculation ADJ cjal-3230 63 9 laws law NOUN cjal-3230 63 10 will will AUX cjal-3230 63 11 , , PUNCT cjal-3230 63 12 upon upon SCONJ cjal-3230 63 13 implementation implementation NOUN cjal-3230 63 14 , , PUNCT cjal-3230 63 15 have have VERB cjal-3230 63 16 the the DET cjal-3230 63 17 potential potential NOUN cjal-3230 63 18 of of ADP cjal-3230 63 19 having have VERB cjal-3230 63 20 a a DET cjal-3230 63 21 notable notable ADJ cjal-3230 63 22 short short ADJ cjal-3230 63 23 and and CCONJ cjal-3230 63 24 longterm longterm ADJ cjal-3230 63 25 impact impact NOUN cjal-3230 63 26 on on ADP cjal-3230 63 27 the the DET cjal-3230 63 28 korean korean ADJ cjal-3230 63 29 real real ADJ cjal-3230 63 30 estate estate NOUN cjal-3230 63 31 and and CCONJ cjal-3230 63 32 international international ADJ cjal-3230 63 33 financial financial ADJ cjal-3230 63 34 markets market NOUN cjal-3230 63 35 . . PUNCT cjal-3230 64 1 the the DET cjal-3230 64 2 specific specific ADJ cjal-3230 64 3 notable notable ADJ cjal-3230 64 4 ramifications ramification NOUN cjal-3230 64 5 of of ADP cjal-3230 64 6 the the DET cjal-3230 64 7 anti anti ADJ cjal-3230 64 8 - - ADJ cjal-3230 64 9 speculation speculation ADJ cjal-3230 64 10 laws law NOUN cjal-3230 64 11 are be AUX cjal-3230 64 12 twofold twofold ADJ cjal-3230 64 13 . . PUNCT cjal-3230 65 1 first first ADV cjal-3230 65 2 , , PUNCT cjal-3230 65 3 tax tax NOUN cjal-3230 65 4 burdens burden NOUN cjal-3230 65 5 relating relate VERB cjal-3230 65 6 to to ADP cjal-3230 65 7 most most ADJ cjal-3230 65 8 real real ADJ cjal-3230 65 9 estate estate NOUN cjal-3230 65 10 investors investor NOUN cjal-3230 65 11 will will AUX cjal-3230 65 12 be be AUX cjal-3230 65 13 significantly significantly ADV cjal-3230 65 14 increased increase VERB cjal-3230 65 15 , , PUNCT cjal-3230 65 16 for for ADP cjal-3230 65 17 both both CCONJ cjal-3230 65 18 short short ADJ cjal-3230 65 19 - - PUNCT cjal-3230 65 20 term term NOUN cjal-3230 65 21 14 14 NUM cjal-3230 65 22 and and CCONJ cjal-3230 65 23 non non ADJ cjal-3230 65 24 - - ADJ cjal-3230 65 25 short short ADJ cjal-3230 65 26 - - PUNCT cjal-3230 65 27 term term NOUN cjal-3230 65 28 investments investment NOUN cjal-3230 65 29 , , PUNCT cjal-3230 65 30 in in ADP cjal-3230 65 31 both both DET cjal-3230 65 32 government government NOUN cjal-3230 65 33 - - PUNCT cjal-3230 65 34 designated designate VERB cjal-3230 65 35 anti anti ADJ cjal-3230 65 36 - - ADJ cjal-3230 65 37 speculation speculation ADJ cjal-3230 65 38 zones zone NOUN cjal-3230 65 39 15 15 NUM cjal-3230 65 40 and and CCONJ cjal-3230 65 41 non non ADJ cjal-3230 65 42 government government NOUN cjal-3230 65 43 - - PUNCT cjal-3230 65 44 designated designate VERB cjal-3230 65 45 areas area NOUN cjal-3230 65 46 . . PUNCT cjal-3230 66 1 second second ADJ cjal-3230 66 2 , , PUNCT cjal-3230 66 3 the the DET cjal-3230 66 4 anti anti ADJ cjal-3230 66 5 - - ADJ cjal-3230 66 6 speculation speculation ADJ cjal-3230 66 7 laws law NOUN cjal-3230 66 8 have have VERB cjal-3230 66 9 the the DET cjal-3230 66 10 real real ADJ cjal-3230 66 11 potential potential NOUN cjal-3230 66 12 of of ADP cjal-3230 66 13 being be AUX cjal-3230 66 14 perceived perceive VERB cjal-3230 66 15 by by ADP cjal-3230 66 16 many many ADJ cjal-3230 66 17 investors investor NOUN cjal-3230 66 18 as as ADP cjal-3230 66 19 a a DET cjal-3230 66 20 12 12 NUM cjal-3230 66 21 the the DET cjal-3230 66 22 anti anti ADJ cjal-3230 66 23 - - ADJ cjal-3230 66 24 speculation speculation ADJ cjal-3230 66 25 laws law NOUN cjal-3230 66 26 are be AUX cjal-3230 66 27 designated designate VERB cjal-3230 66 28 to to PART cjal-3230 66 29 pass pass VERB cjal-3230 66 30 the the DET cjal-3230 66 31 korean korean ADJ cjal-3230 66 32 national national PROPN cjal-3230 66 33 assembly assembly NOUN cjal-3230 66 34 in in ADP cjal-3230 66 35 early early ADJ cjal-3230 66 36 2005 2005 NUM cjal-3230 66 37 . . PUNCT cjal-3230 67 1 13 13 NUM cjal-3230 67 2 see see VERB cjal-3230 67 3 generally generally ADV cjal-3230 67 4 tomas tomas PROPN cjal-3230 67 5 j.t j.t PROPN cjal-3230 67 6 . . PROPN cjal-3230 67 7 balino balino PROPN cjal-3230 67 8 & & CCONJ cjal-3230 67 9 angel angel PROPN cjal-3230 67 10 ubide ubide PROPN cjal-3230 67 11 , , PUNCT cjal-3230 67 12 the the DET cjal-3230 67 13 korean korean ADJ cjal-3230 67 14 financial financial ADJ cjal-3230 67 15 crisis crisis NOUN cjal-3230 67 16 of of ADP cjal-3230 67 17 1997 1997 NUM cjal-3230 67 18 - - SYM cjal-3230 67 19 a a DET cjal-3230 67 20 strategy strategy NOUN cjal-3230 67 21 of of ADP cjal-3230 67 22 financial financial ADJ cjal-3230 67 23 sector sector NOUN cjal-3230 67 24 reform reform NOUN cjal-3230 67 25 ( ( PUNCT cjal-3230 67 26 international international ADJ cjal-3230 67 27 monetary monetary ADJ cjal-3230 67 28 fund fund NOUN cjal-3230 67 29 working working PROPN cjal-3230 67 30 paper paper NOUN cjal-3230 68 1 no no INTJ cjal-3230 68 2 . . PUNCT cjal-3230 69 1 wp/99/28 wp/99/28 PROPN cjal-3230 69 2 , , PUNCT cjal-3230 69 3 1999 1999 NUM cjal-3230 69 4 ) ) PUNCT cjal-3230 69 5 ( ( PUNCT cjal-3230 69 6 providing provide VERB cjal-3230 69 7 a a DET cjal-3230 69 8 comprehensive comprehensive ADJ cjal-3230 69 9 view view NOUN cjal-3230 69 10 on on ADP cjal-3230 69 11 the the DET cjal-3230 69 12 origins origin NOUN cjal-3230 69 13 of of ADP cjal-3230 69 14 the the DET cjal-3230 69 15 crisis crisis NOUN cjal-3230 69 16 an an DET cjal-3230 69 17 dhow dhow NOUN cjal-3230 69 18 it it PRON cjal-3230 69 19 affected affect VERB cjal-3230 69 20 korea korea PROPN cjal-3230 69 21 ) ) PUNCT cjal-3230 69 22 ; ; PUNCT cjal-3230 69 23 see see VERB cjal-3230 69 24 generally generally ADV cjal-3230 69 25 " " PUNCT cjal-3230 69 26 what what PRON cjal-3230 69 27 casued casue VERB cjal-3230 69 28 the the DET cjal-3230 69 29 asian asian ADJ cjal-3230 69 30 currency currency NOUN cjal-3230 69 31 and and CCONJ cjal-3230 69 32 financial financial ADJ cjal-3230 69 33 crisis crisis NOUN cjal-3230 69 34 ? ? PUNCT cjal-3230 70 1 part part NOUN cjal-3230 71 1 i i PRON cjal-3230 71 2 : : PUNCT cjal-3230 71 3 a a DET cjal-3230 71 4 macroeconomic macroeconomic ADJ cjal-3230 71 5 overview overview NOUN cjal-3230 71 6 " " PUNCT cjal-3230 71 7 by by ADP cjal-3230 71 8 nouriel nouriel PROPN cjal-3230 71 9 roubini roubini PROPN cjal-3230 71 10 , , PUNCT cjal-3230 71 11 giancarlo giancarlo PROPN cjal-3230 71 12 corsetti corsetti PROPN cjal-3230 71 13 and and CCONJ cjal-3230 71 14 paolo paolo PROPN cjal-3230 71 15 pesenti pesenti PROPN cjal-3230 71 16 , , PUNCT cjal-3230 71 17 ( ( PUNCT cjal-3230 71 18 revised revise VERB cjal-3230 71 19 version version NOUN cjal-3230 71 20 , , PUNCT cjal-3230 71 21 september september PROPN cjal-3230 71 22 1998 1998 NUM cjal-3230 71 23 ) ) PUNCT cjal-3230 71 24 . . PUNCT cjal-3230 72 1 14 14 NUM cjal-3230 72 2 for for ADP cjal-3230 72 3 purposes purpose NOUN cjal-3230 72 4 of of ADP cjal-3230 72 5 this this DET cjal-3230 72 6 paper paper NOUN cjal-3230 72 7 , , PUNCT cjal-3230 72 8 short short ADJ cjal-3230 72 9 term term NOUN cjal-3230 72 10 investment investment NOUN cjal-3230 72 11 is be AUX cjal-3230 72 12 defined define VERB cjal-3230 72 13 as as ADP cjal-3230 72 14 a a DET cjal-3230 72 15 period period NOUN cjal-3230 72 16 of of ADP cjal-3230 72 17 less less ADJ cjal-3230 72 18 than than ADP cjal-3230 72 19 one one NUM cjal-3230 72 20 year year NOUN cjal-3230 72 21 . . PUNCT cjal-3230 73 1 see see VERB cjal-3230 73 2 also also ADV cjal-3230 73 3 infra infra NOUN cjal-3230 73 4 note note VERB cjal-3230 73 5 71 71 NUM cjal-3230 73 6 . . PUNCT cjal-3230 74 1 " " PUNCT cjal-3230 74 2 5 5 NUM cjal-3230 74 3 see see VERB cjal-3230 74 4 i i PRON cjal-3230 74 5 d. d. PROPN cjal-3230 75 1 [ [ X cjal-3230 75 2 18:1 18:1 NUM cjal-3230 75 3 anti anti ADJ cjal-3230 75 4 - - ADJ cjal-3230 75 5 specula specula ADJ cjal-3230 75 6 tion tion NOUN cjal-3230 75 7 laws law NOUN cjal-3230 75 8 and and CCONJ cjal-3230 75 9 their their PRON cjal-3230 75 10 impa impa PROPN cjal-3230 75 11 ct ct PROPN cjal-3230 75 12 worrisome worrisome ADJ cjal-3230 75 13 return return VERB cjal-3230 75 14 back back ADV cjal-3230 75 15 to to ADP cjal-3230 75 16 pre-1997 pre-1997 VERB cjal-3230 75 17 crony crony PROPN cjal-3230 75 18 capitalistic capitalistic ADJ cjal-3230 75 19 economic economic ADJ cjal-3230 75 20 policymaking policymaking NOUN cjal-3230 75 21 , , PUNCT cjal-3230 75 22 which which PRON cjal-3230 75 23 could could AUX cjal-3230 75 24 potentially potentially ADV cjal-3230 75 25 disrupt disrupt VERB cjal-3230 75 26 the the DET cjal-3230 75 27 fluidity fluidity NOUN cjal-3230 75 28 and and CCONJ cjal-3230 75 29 stability stability NOUN cjal-3230 75 30 of of ADP cjal-3230 75 31 the the DET cjal-3230 75 32 korean korean ADJ cjal-3230 75 33 and and CCONJ cjal-3230 75 34 international international ADJ cjal-3230 75 35 financial financial ADJ cjal-3230 75 36 markets market NOUN cjal-3230 75 37 . . PUNCT cjal-3230 76 1 iii iii X cjal-3230 76 2 . . PUNCT cjal-3230 76 3 driving drive VERB cjal-3230 76 4 factors factor NOUN cjal-3230 76 5 behind behind ADP cjal-3230 76 6 higher high ADJ cjal-3230 76 7 property property NOUN cjal-3230 76 8 prices price NOUN cjal-3230 76 9 before before SCONJ cjal-3230 76 10 we we PRON cjal-3230 76 11 examine examine VERB cjal-3230 76 12 the the DET cjal-3230 76 13 anti anti ADJ cjal-3230 76 14 - - ADJ cjal-3230 76 15 speculation speculation ADJ cjal-3230 76 16 laws law NOUN cjal-3230 76 17 , , PUNCT cjal-3230 76 18 this this DET cjal-3230 76 19 paper paper NOUN cjal-3230 76 20 will will AUX cjal-3230 76 21 examine examine VERB cjal-3230 76 22 relevant relevant ADJ cjal-3230 76 23 factors factor NOUN cjal-3230 76 24 that that PRON cjal-3230 76 25 led lead VERB cjal-3230 76 26 to to ADP cjal-3230 76 27 the the DET cjal-3230 76 28 anti anti ADJ cjal-3230 76 29 - - ADJ cjal-3230 76 30 speculation speculation ADJ cjal-3230 76 31 laws law NOUN cjal-3230 76 32 . . PUNCT cjal-3230 77 1 what what PRON cjal-3230 77 2 is be AUX cjal-3230 77 3 of of ADP cjal-3230 77 4 interest interest NOUN cjal-3230 77 5 to to PART cjal-3230 77 6 note note VERB cjal-3230 77 7 regarding regard VERB cjal-3230 77 8 such such ADJ cjal-3230 77 9 driving drive VERB cjal-3230 77 10 factors factor NOUN cjal-3230 77 11 is be AUX cjal-3230 77 12 that that SCONJ cjal-3230 77 13 real real ADJ cjal-3230 77 14 estate estate NOUN cjal-3230 77 15 investment investment NOUN cjal-3230 77 16 in in ADP cjal-3230 77 17 korea korea PROPN cjal-3230 77 18 was be AUX cjal-3230 77 19 not not PART cjal-3230 77 20 primarily primarily ADV cjal-3230 77 21 driven drive VERB cjal-3230 77 22 by by ADP cjal-3230 77 23 financial financial ADJ cjal-3230 77 24 returns return NOUN cjal-3230 77 25 on on ADP cjal-3230 77 26 equity equity NOUN cjal-3230 77 27 . . PUNCT cjal-3230 78 1 instead instead ADV cjal-3230 78 2 , , PUNCT cjal-3230 78 3 the the DET cjal-3230 78 4 main main ADJ cjal-3230 78 5 driving drive VERB cjal-3230 78 6 factor factor NOUN cjal-3230 78 7 to to PART cjal-3230 78 8 invest invest VERB cjal-3230 78 9 , , PUNCT cjal-3230 78 10 especially especially ADV cjal-3230 78 11 in in ADP cjal-3230 78 12 the the DET cjal-3230 78 13 upscale upscale ADJ cjal-3230 78 14 kangnam'6 kangnam'6 PROPN cjal-3230 78 15 ( ( PUNCT cjal-3230 78 16 southern southern PROPN cjal-3230 78 17 seoul seoul PROPN cjal-3230 78 18 ) ) PUNCT cjal-3230 78 19 area area NOUN cjal-3230 78 20 -- -- PUNCT cjal-3230 78 21 where where SCONJ cjal-3230 78 22 real real ADJ cjal-3230 78 23 estate estate NOUN cjal-3230 78 24 prices price NOUN cjal-3230 78 25 have have AUX cjal-3230 78 26 increased increase VERB cjal-3230 78 27 most most ADV cjal-3230 78 28 within within ADP cjal-3230 78 29 seoul seoul PROPN cjal-3230 78 30 and and CCONJ cjal-3230 78 31 is be AUX cjal-3230 78 32 therefore therefore ADV cjal-3230 78 33 the the DET cjal-3230 78 34 focus focus NOUN cjal-3230 78 35 of of ADP cjal-3230 78 36 the the DET cjal-3230 78 37 government government NOUN cjal-3230 78 38 initiatives initiative NOUN cjal-3230 78 39 - - PUNCT cjal-3230 78 40 was be AUX cjal-3230 78 41 greater great ADJ cjal-3230 78 42 access access NOUN cjal-3230 78 43 to to ADP cjal-3230 78 44 educational educational ADJ cjal-3230 78 45 facilities facility NOUN cjal-3230 78 46 . . PUNCT cjal-3230 79 1 furthermore furthermore ADV cjal-3230 79 2 , , PUNCT cjal-3230 79 3 the the DET cjal-3230 79 4 antispeculation antispeculation NOUN cjal-3230 79 5 laws law NOUN cjal-3230 79 6 represent represent VERB cjal-3230 79 7 at at ADP cjal-3230 79 8 least least ADJ cjal-3230 79 9 the the DET cjal-3230 79 10 second second ADJ cjal-3230 79 11 major major ADJ cjal-3230 79 12 effort effort NOUN cjal-3230 79 13 by by ADP cjal-3230 79 14 the the DET cjal-3230 79 15 korean korean ADJ cjal-3230 79 16 government government NOUN cjal-3230 79 17 since since SCONJ cjal-3230 79 18 1990 1990 NUM cjal-3230 79 19 to to PART cjal-3230 79 20 implement implement VERB cjal-3230 79 21 strict strict ADJ cjal-3230 79 22 legislative legislative ADJ cjal-3230 79 23 controls control NOUN cjal-3230 79 24 upon upon SCONJ cjal-3230 79 25 real real ADJ cjal-3230 79 26 estate estate NOUN cjal-3230 79 27 investments investment NOUN cjal-3230 79 28 and and CCONJ cjal-3230 79 29 investors investor NOUN cjal-3230 79 30 . . PUNCT cjal-3230 80 1 11 11 NUM cjal-3230 80 2 16 16 NUM cjal-3230 80 3 as as ADP cjal-3230 80 4 background background NOUN cjal-3230 80 5 , , PUNCT cjal-3230 80 6 and and CCONJ cjal-3230 80 7 as as SCONJ cjal-3230 80 8 will will AUX cjal-3230 80 9 be be AUX cjal-3230 80 10 discussed discuss VERB cjal-3230 80 11 further far ADV cjal-3230 80 12 , , PUNCT cjal-3230 80 13 the the DET cjal-3230 80 14 primary primary ADJ cjal-3230 80 15 focus focus NOUN cjal-3230 80 16 of of ADP cjal-3230 80 17 the the DET cjal-3230 80 18 anti anti ADJ cjal-3230 80 19 - - ADJ cjal-3230 80 20 speculation speculation ADJ cjal-3230 80 21 laws law NOUN cjal-3230 80 22 is be AUX cjal-3230 80 23 to to PART cjal-3230 80 24 curb curb VERB cjal-3230 80 25 real real ADJ cjal-3230 80 26 estate estate NOUN cjal-3230 80 27 speculation speculation NOUN cjal-3230 80 28 in in ADP cjal-3230 80 29 certain certain ADJ cjal-3230 80 30 designated designate VERB cjal-3230 80 31 " " PUNCT cjal-3230 80 32 anti anti ADJ cjal-3230 80 33 - - ADJ cjal-3230 80 34 speculation speculation ADJ cjal-3230 80 35 zones zone NOUN cjal-3230 80 36 " " PUNCT cjal-3230 80 37 . . PUNCT cjal-3230 81 1 the the DET cjal-3230 81 2 most most ADV cjal-3230 81 3 prominent prominent ADJ cjal-3230 81 4 of of ADP cjal-3230 81 5 such such ADJ cjal-3230 81 6 real real ADJ cjal-3230 81 7 estate estate NOUN cjal-3230 81 8 anti anti ADJ cjal-3230 81 9 - - ADJ cjal-3230 81 10 speculation speculation ADJ cjal-3230 81 11 zones zone NOUN cjal-3230 81 12 upon upon SCONJ cjal-3230 81 13 which which PRON cjal-3230 81 14 the the DET cjal-3230 81 15 anti anti ADJ cjal-3230 81 16 - - ADJ cjal-3230 81 17 speculation speculation ADJ cjal-3230 81 18 government government NOUN cjal-3230 81 19 policies policy NOUN cjal-3230 81 20 are be AUX cjal-3230 81 21 focused focus VERB cjal-3230 81 22 on on ADP cjal-3230 81 23 is be AUX cjal-3230 81 24 the the DET cjal-3230 81 25 kangnam kangnam PROPN cjal-3230 81 26 area area NOUN cjal-3230 81 27 , , PUNCT cjal-3230 81 28 where where SCONJ cjal-3230 81 29 real real ADJ cjal-3230 81 30 estate estate NOUN cjal-3230 81 31 prices price NOUN cjal-3230 81 32 have have AUX cjal-3230 81 33 increased increase VERB cjal-3230 81 34 notably notably ADV cjal-3230 81 35 relative relative ADJ cjal-3230 81 36 to to ADP cjal-3230 81 37 the the DET cjal-3230 81 38 kangbuk kangbuk NOUN cjal-3230 81 39 ( ( PUNCT cjal-3230 81 40 northern northern ADJ cjal-3230 81 41 seoul seoul PROPN cjal-3230 81 42 ) ) PUNCT cjal-3230 81 43 area area NOUN cjal-3230 81 44 , , PUNCT cjal-3230 81 45 and and CCONJ cjal-3230 81 46 has have AUX cjal-3230 81 47 allegedly allegedly ADV cjal-3230 81 48 been be AUX cjal-3230 81 49 the the DET cjal-3230 81 50 area area NOUN cjal-3230 81 51 upon upon SCONJ cjal-3230 81 52 which which PRON cjal-3230 81 53 real real ADJ cjal-3230 81 54 estate estate NOUN cjal-3230 81 55 shortterm shortterm VERB cjal-3230 81 56 speculation speculation NOUN cjal-3230 81 57 is be AUX cjal-3230 81 58 said say VERB cjal-3230 81 59 to to PART cjal-3230 81 60 be be AUX cjal-3230 81 61 most most ADV cjal-3230 81 62 prevalent prevalent ADJ cjal-3230 81 63 . . PUNCT cjal-3230 82 1 for for ADP cjal-3230 82 2 these these DET cjal-3230 82 3 reasons reason NOUN cjal-3230 82 4 , , PUNCT cjal-3230 82 5 the the DET cjal-3230 82 6 kangnam kangnam PROPN cjal-3230 82 7 area area NOUN cjal-3230 82 8 in in ADP cjal-3230 82 9 seoul seoul PROPN cjal-3230 82 10 is be AUX cjal-3230 82 11 of of ADP cjal-3230 82 12 considerable considerable ADJ cjal-3230 82 13 focus focus NOUN cjal-3230 82 14 throughout throughout ADP cjal-3230 82 15 this this DET cjal-3230 82 16 paper paper NOUN cjal-3230 82 17 . . PUNCT cjal-3230 83 1 17 17 NUM cjal-3230 83 2 the the DET cjal-3230 83 3 anti anti ADJ cjal-3230 83 4 - - ADJ cjal-3230 83 5 speculation speculation ADJ cjal-3230 83 6 laws law NOUN cjal-3230 83 7 , , PUNCT cjal-3230 83 8 which which PRON cjal-3230 83 9 began begin VERB cjal-3230 83 10 in in ADP cjal-3230 83 11 mid-2003 mid-2003 NOUN cjal-3230 83 12 , , PUNCT cjal-3230 83 13 are be AUX cjal-3230 83 14 the the DET cjal-3230 83 15 second second ADJ cjal-3230 83 16 major major ADJ cjal-3230 83 17 real real ADJ cjal-3230 83 18 estate estate NOUN cjal-3230 83 19 antispeculation antispeculation NOUN cjal-3230 83 20 proposals proposal NOUN cjal-3230 83 21 since since SCONJ cjal-3230 83 22 1990 1990 NUM cjal-3230 83 23 . . PUNCT cjal-3230 84 1 the the DET cjal-3230 84 2 first first ADJ cjal-3230 84 3 series series NOUN cjal-3230 84 4 of of ADP cjal-3230 84 5 anti anti ADJ cjal-3230 84 6 - - ADJ cjal-3230 84 7 speculation speculation ADJ cjal-3230 84 8 law law NOUN cjal-3230 84 9 proposals proposal NOUN cjal-3230 84 10 occurred occur VERB cjal-3230 84 11 on on ADP cjal-3230 84 12 may may PROPN cjal-3230 84 13 8 8 NUM cjal-3230 84 14 , , PUNCT cjal-3230 84 15 1990 1990 NUM cjal-3230 84 16 , , PUNCT cjal-3230 84 17 which which PRON cjal-3230 84 18 were be AUX cjal-3230 84 19 intended intend VERB cjal-3230 84 20 to to PART cjal-3230 84 21 stymie stymie VERB cjal-3230 84 22 short short ADJ cjal-3230 84 23 - - PUNCT cjal-3230 84 24 term term NOUN cjal-3230 84 25 speculative speculative ADJ cjal-3230 84 26 investments investment NOUN cjal-3230 84 27 . . PUNCT cjal-3230 85 1 the the DET cjal-3230 85 2 intent intent NOUN cjal-3230 85 3 was be AUX cjal-3230 85 4 to to PART cjal-3230 85 5 " " PUNCT cjal-3230 85 6 channel channel VERB cjal-3230 85 7 the the DET cjal-3230 85 8 proceeds proceed NOUN cjal-3230 85 9 into into ADP cjal-3230 85 10 the the DET cjal-3230 85 11 stock stock NOUN cjal-3230 85 12 market market NOUN cjal-3230 85 13 or or CCONJ cjal-3230 85 14 other other ADJ cjal-3230 85 15 sound sound ADJ cjal-3230 85 16 productive productive ADJ cjal-3230 85 17 sectors sector NOUN cjal-3230 85 18 " " PUNCT cjal-3230 85 19 . . PUNCT cjal-3230 86 1 see see VERB cjal-3230 86 2 staff staff NOUN cjal-3230 86 3 writer writer NOUN cjal-3230 86 4 , , PUNCT cjal-3230 86 5 conglomerates conglomerate NOUN cjal-3230 86 6 will will AUX cjal-3230 86 7 be be AUX cjal-3230 86 8 barred bar VERB cjal-3230 86 9 from from ADP cjal-3230 86 10 buying buy VERB cjal-3230 86 11 land land NOUN cjal-3230 86 12 for for ADP cjal-3230 86 13 recreational recreational ADJ cjal-3230 86 14 use use NOUN cjal-3230 86 15 , , PUNCT cjal-3230 86 16 korea korea PROPN cjal-3230 86 17 times time NOUN cjal-3230 86 18 , , PUNCT cjal-3230 86 19 may may AUX cjal-3230 86 20 8 8 NUM cjal-3230 86 21 , , PUNCT cjal-3230 86 22 1990 1990 NUM cjal-3230 86 23 , , PUNCT cjal-3230 86 24 at at ADP cjal-3230 86 25 8 8 NUM cjal-3230 86 26 . . PUNCT cjal-3230 87 1 the the DET cjal-3230 87 2 may may PROPN cjal-3230 87 3 1990 1990 NUM cjal-3230 87 4 anti anti ADJ cjal-3230 87 5 - - ADJ cjal-3230 87 6 speculation speculation ADJ cjal-3230 87 7 laws law NOUN cjal-3230 87 8 was be AUX cjal-3230 87 9 a a DET cjal-3230 87 10 direct direct ADJ cjal-3230 87 11 reaction reaction NOUN cjal-3230 87 12 to to ADP cjal-3230 87 13 notable notable ADJ cjal-3230 87 14 increases increase NOUN cjal-3230 87 15 in in ADP cjal-3230 87 16 land land NOUN cjal-3230 87 17 prices price NOUN cjal-3230 87 18 . . PUNCT cjal-3230 88 1 for for ADP cjal-3230 88 2 example example NOUN cjal-3230 88 3 , , PUNCT cjal-3230 88 4 land land NOUN cjal-3230 88 5 prices price NOUN cjal-3230 88 6 in in ADP cjal-3230 88 7 korea korea PROPN cjal-3230 88 8 rose rise VERB cjal-3230 88 9 28 28 NUM cjal-3230 88 10 % % NOUN cjal-3230 88 11 in in ADP cjal-3230 88 12 1988 1988 NUM cjal-3230 88 13 and and CCONJ cjal-3230 88 14 22 22 NUM cjal-3230 88 15 % % NOUN cjal-3230 88 16 in in ADP cjal-3230 88 17 1989 1989 NUM cjal-3230 88 18 . . PUNCT cjal-3230 89 1 see see VERB cjal-3230 89 2 chang chang PROPN cjal-3230 89 3 - - PUNCT cjal-3230 89 4 seok seok PROPN cjal-3230 89 5 park park NOUN cjal-3230 89 6 , , PUNCT cjal-3230 89 7 government government NOUN cjal-3230 89 8 's 's PART cjal-3230 89 9 fight fight NOUN cjal-3230 89 10 with with ADP cjal-3230 89 11 business business NOUN cjal-3230 89 12 conglomerates conglomerate NOUN cjal-3230 89 13 expected expect VERB cjal-3230 89 14 to to PART cjal-3230 89 15 be be AUX cjal-3230 89 16 bumpy bumpy ADJ cjal-3230 89 17 , , PUNCT cjal-3230 89 18 korea korea PROPN cjal-3230 89 19 times time NOUN cjal-3230 89 20 , , PUNCT cjal-3230 89 21 may may AUX cjal-3230 89 22 9 9 NUM cjal-3230 89 23 , , PUNCT cjal-3230 89 24 1990 1990 NUM cjal-3230 89 25 , , PUNCT cjal-3230 89 26 at at ADP cjal-3230 89 27 8 8 NUM cjal-3230 89 28 . . PUNCT cjal-3230 90 1 in in ADP cjal-3230 90 2 the the DET cjal-3230 90 3 late late ADJ cjal-3230 90 4 1980s 1980 NOUN cjal-3230 90 5 and and CCONJ cjal-3230 90 6 early early ADJ cjal-3230 90 7 1990s 1990 NOUN cjal-3230 90 8 , , PUNCT cjal-3230 90 9 real real ADJ cjal-3230 90 10 estate estate NOUN cjal-3230 90 11 investments investment NOUN cjal-3230 90 12 by by ADP cjal-3230 90 13 large large ADJ cjal-3230 90 14 korean korean ADJ cjal-3230 90 15 conglomerates conglomerate NOUN cjal-3230 90 16 were be AUX cjal-3230 90 17 purchased purchase VERB cjal-3230 90 18 as as ADP cjal-3230 90 19 a a DET cjal-3230 90 20 hedge hedge NOUN cjal-3230 90 21 against against ADP cjal-3230 90 22 suspected suspect VERB cjal-3230 90 23 rising rise VERB cjal-3230 90 24 inflationary inflationary ADJ cjal-3230 90 25 pressures pressure NOUN cjal-3230 90 26 in in ADP cjal-3230 90 27 the the DET cjal-3230 90 28 future future NOUN cjal-3230 90 29 . . PUNCT cjal-3230 91 1 i i PRON cjal-3230 91 2 d. d. PROPN cjal-3230 91 3 in in ADP cjal-3230 91 4 general general ADJ cjal-3230 91 5 , , PUNCT cjal-3230 91 6 the the DET cjal-3230 91 7 1990 1990 NUM cjal-3230 91 8 measures measure NOUN cjal-3230 91 9 included include VERB cjal-3230 91 10 such such ADJ cjal-3230 91 11 things thing NOUN cjal-3230 91 12 as as ADP cjal-3230 91 13 land land NOUN cjal-3230 91 14 price price NOUN cjal-3230 91 15 assessments assessment NOUN cjal-3230 91 16 more more ADV cjal-3230 91 17 reflective reflective ADJ cjal-3230 91 18 of of ADP cjal-3230 91 19 fair fair ADJ cjal-3230 91 20 market market NOUN cjal-3230 91 21 value value NOUN cjal-3230 91 22 , , PUNCT cjal-3230 91 23 a a DET cjal-3230 91 24 global global ADJ cjal-3230 91 25 land land NOUN cjal-3230 91 26 tax tax NOUN cjal-3230 91 27 system system NOUN cjal-3230 91 28 , , PUNCT cjal-3230 91 29 progress progress NOUN cjal-3230 91 30 capital capital NOUN cjal-3230 91 31 gains gain NOUN cjal-3230 91 32 tax tax NOUN cjal-3230 91 33 on on ADP cjal-3230 91 34 land land NOUN cjal-3230 91 35 transactions transaction NOUN cjal-3230 91 36 , , PUNCT cjal-3230 91 37 taxes taxis NOUN cjal-3230 91 38 on on ADP cjal-3230 91 39 unrealized unrealized ADJ cjal-3230 91 40 capital capital NOUN cjal-3230 91 41 gains gain NOUN cjal-3230 91 42 generated generate VERB cjal-3230 91 43 by by ADP cjal-3230 91 44 land land NOUN cjal-3230 91 45 price price NOUN cjal-3230 91 46 increases increase NOUN cjal-3230 91 47 , , PUNCT cjal-3230 91 48 a a DET cjal-3230 91 49 levy levy NOUN cjal-3230 91 50 on on ADP cjal-3230 91 51 land land NOUN cjal-3230 91 52 development development NOUN cjal-3230 91 53 profits profit NOUN cjal-3230 91 54 , , PUNCT cjal-3230 91 55 and and CCONJ cjal-3230 91 56 an an DET cjal-3230 91 57 upper upper ADJ cjal-3230 91 58 limit limit NOUN cjal-3230 91 59 on on ADP cjal-3230 91 60 the the DET cjal-3230 91 61 size size NOUN cjal-3230 91 62 of of ADP cjal-3230 91 63 dwelling dwelling ADJ cjal-3230 91 64 sites site NOUN cjal-3230 91 65 . . PUNCT cjal-3230 92 1 see see VERB cjal-3230 92 2 wontack wontack VERB cjal-3230 92 3 hong hong PROPN cjal-3230 92 4 , , PUNCT cjal-3230 92 5 catch catch NOUN cjal-3230 92 6 - - PUNCT cjal-3230 92 7 up up NOUN cjal-3230 92 8 and and CCONJ cjal-3230 92 9 crisis crisis NOUN cjal-3230 92 10 in in ADP cjal-3230 92 11 korea korea PROPN cjal-3230 92 12 97 97 NUM cjal-3230 92 13 , , PUNCT cjal-3230 92 14 ( ( PUNCT cjal-3230 92 15 edward edward PROPN cjal-3230 92 16 elgar elgar PROPN cjal-3230 92 17 publishing publishing PROPN cjal-3230 92 18 limited limit VERB cjal-3230 92 19 , , PUNCT cjal-3230 92 20 2002 2002 NUM cjal-3230 92 21 ) ) PUNCT cjal-3230 93 1 [ [ X cjal-3230 93 2 hereinafter hereinafter NOUN cjal-3230 93 3 hong hong PROPN cjal-3230 93 4 ] ] PUNCT cjal-3230 93 5 . . PUNCT cjal-3230 94 1 what what PRON cjal-3230 94 2 is be AUX cjal-3230 94 3 interesting interesting ADJ cjal-3230 94 4 to to PART cjal-3230 94 5 note note VERB cjal-3230 94 6 is be AUX cjal-3230 94 7 that that SCONJ cjal-3230 94 8 the the DET cjal-3230 94 9 1990 1990 NUM cjal-3230 94 10 measures measure NOUN cjal-3230 94 11 were be AUX cjal-3230 94 12 reflective reflective ADJ cjal-3230 94 13 of of ADP cjal-3230 94 14 a a DET cjal-3230 94 15 growing grow VERB cjal-3230 94 16 trend trend NOUN cjal-3230 94 17 whereby whereby SCONJ cjal-3230 94 18 property property NOUN cjal-3230 94 19 taxes taxis NOUN cjal-3230 94 20 in in ADP cjal-3230 94 21 korea korea PROPN cjal-3230 94 22 accounted account VERB cjal-3230 94 23 for for ADP cjal-3230 94 24 an an DET cjal-3230 94 25 increasingly increasingly ADV cjal-3230 94 26 greater great ADJ cjal-3230 94 27 property property NOUN cjal-3230 94 28 of of ADP cjal-3230 94 29 total total ADJ cjal-3230 94 30 korean korean ADJ cjal-3230 94 31 tax tax NOUN cjal-3230 94 32 revenue revenue NOUN cjal-3230 94 33 ( ( PUNCT cjal-3230 94 34 both both CCONJ cjal-3230 94 35 national national ADJ cjal-3230 94 36 and and CCONJ cjal-3230 94 37 local local ADJ cjal-3230 94 38 ) ) PUNCT cjal-3230 94 39 . . PUNCT cjal-3230 95 1 for for ADP cjal-3230 95 2 example example NOUN cjal-3230 95 3 , , PUNCT cjal-3230 95 4 in in ADP cjal-3230 95 5 1980 1980 NUM cjal-3230 95 6 , , PUNCT cjal-3230 95 7 property property NOUN cjal-3230 95 8 taxes taxis NOUN cjal-3230 95 9 accounted account VERB cjal-3230 95 10 for for ADP cjal-3230 95 11 only only ADV cjal-3230 95 12 3.3 3.3 NUM cjal-3230 95 13 % % NOUN cjal-3230 95 14 of of ADP cjal-3230 95 15 total total ADJ cjal-3230 95 16 tax tax NOUN cjal-3230 95 17 revenue revenue NOUN cjal-3230 95 18 . . PUNCT cjal-3230 96 1 in in ADP cjal-3230 96 2 1985 1985 NUM cjal-3230 96 3 , , PUNCT cjal-3230 96 4 the the DET cjal-3230 96 5 same same ADJ cjal-3230 96 6 figure figure NOUN cjal-3230 96 7 rose rise VERB cjal-3230 96 8 to to ADP cjal-3230 96 9 4.1 4.1 NUM cjal-3230 96 10 % % NOUN cjal-3230 96 11 . . PUNCT cjal-3230 97 1 and and CCONJ cjal-3230 97 2 in in ADP cjal-3230 97 3 both both DET cjal-3230 97 4 1995 1995 NUM cjal-3230 97 5 and and CCONJ cjal-3230 97 6 1998 1998 NUM cjal-3230 97 7 , , PUNCT cjal-3230 97 8 the the DET cjal-3230 97 9 same same ADJ cjal-3230 97 10 figure figure NOUN cjal-3230 97 11 stood stand VERB cjal-3230 97 12 at at ADP cjal-3230 97 13 5.2 5.2 NUM cjal-3230 97 14 % % NOUN cjal-3230 97 15 . . PUNCT cjal-3230 98 1 see see VERB cjal-3230 98 2 statistical statistical ADJ cjal-3230 98 3 yearbook yearbook NOUN cjal-3230 98 4 of of ADP cjal-3230 98 5 national national ADJ cjal-3230 98 6 tax tax NOUN cjal-3230 98 7 , , PUNCT cjal-3230 98 8 national national ADJ cjal-3230 98 9 tax tax NOUN cjal-3230 98 10 service service NOUN cjal-3230 98 11 , , PUNCT cjal-3230 98 12 at at ADP cjal-3230 98 13 42 42 NUM cjal-3230 98 14 - - SYM cjal-3230 98 15 59 59 NUM cjal-3230 98 16 ( ( PUNCT cjal-3230 98 17 1997 1997 NUM cjal-3230 98 18 ) ) PUNCT cjal-3230 98 19 . . PUNCT cjal-3230 99 1 as as ADP cjal-3230 99 2 a a DET cjal-3230 99 3 basis basis NOUN cjal-3230 99 4 of of ADP cjal-3230 99 5 comparison comparison NOUN cjal-3230 99 6 , , PUNCT cjal-3230 99 7 in in ADP cjal-3230 99 8 1990 1990 NUM cjal-3230 99 9 u.s u.s PROPN cjal-3230 99 10 . . PROPN cjal-3230 99 11 property property NOUN cjal-3230 99 12 taxes taxis NOUN cjal-3230 99 13 stood stand VERB cjal-3230 99 14 at at ADP cjal-3230 99 15 11.4 11.4 NUM cjal-3230 99 16 % % NOUN cjal-3230 99 17 of of ADP cjal-3230 99 18 total total ADJ cjal-3230 99 19 tax tax NOUN cjal-3230 99 20 revenue revenue NOUN cjal-3230 99 21 , , PUNCT cjal-3230 99 22 and and CCONJ cjal-3230 99 23 9.1 9.1 NUM cjal-3230 99 24 % % NOUN cjal-3230 99 25 in in ADP cjal-3230 99 26 japan japan PROPN cjal-3230 99 27 . . PUNCT cjal-3230 100 1 see see VERB cjal-3230 100 2 hong hong PROPN cjal-3230 100 3 at at ADP cjal-3230 100 4 97 97 NUM cjal-3230 100 5 . . PUNCT cjal-3230 101 1 similarities similarity NOUN cjal-3230 101 2 between between ADP cjal-3230 101 3 the the DET cjal-3230 101 4 2003 2003 NUM cjal-3230 101 5 anti anti ADJ cjal-3230 101 6 - - ADJ cjal-3230 101 7 speculation speculation ADJ cjal-3230 101 8 laws law NOUN cjal-3230 101 9 and and CCONJ cjal-3230 101 10 the the DET cjal-3230 101 11 1990 1990 NUM cjal-3230 101 12 anti anti ADJ cjal-3230 101 13 - - ADJ cjal-3230 101 14 speculation speculation ADJ cjal-3230 101 15 laws law NOUN cjal-3230 101 16 include include VERB cjal-3230 101 17 : : PUNCT cjal-3230 101 18 ( ( PUNCT cjal-3230 101 19 i i NOUN cjal-3230 101 20 ) ) PUNCT cjal-3230 102 1 both both CCONJ cjal-3230 102 2 the the DET cjal-3230 102 3 1990 1990 NUM cjal-3230 102 4 and and CCONJ cjal-3230 102 5 2003 2003 NUM cjal-3230 102 6 anti anti ADJ cjal-3230 102 7 - - ADJ cjal-3230 102 8 speculation speculation ADJ cjal-3230 102 9 legislation legislation NOUN cjal-3230 102 10 were be AUX cjal-3230 102 11 a a DET cjal-3230 102 12 direct direct ADJ cjal-3230 102 13 reaction reaction NOUN cjal-3230 102 14 to to ADP cjal-3230 102 15 rising rise VERB cjal-3230 102 16 land land NOUN cjal-3230 102 17 prices price NOUN cjal-3230 102 18 ; ; PUNCT cjal-3230 102 19 ( ( PUNCT cjal-3230 102 20 ii ii NOUN cjal-3230 102 21 ) ) PUNCT cjal-3230 102 22 such such ADJ cjal-3230 102 23 rising rise VERB cjal-3230 102 24 land land NOUN cjal-3230 102 25 prices price NOUN cjal-3230 102 26 were be AUX cjal-3230 102 27 perceived perceive VERB cjal-3230 102 28 to to PART cjal-3230 102 29 be be AUX cjal-3230 102 30 the the DET cjal-3230 102 31 primary primary ADJ cjal-3230 102 32 factor factor NOUN cjal-3230 102 33 behind behind ADP cjal-3230 102 34 unstable unstable ADJ cjal-3230 102 35 macroeconomic macroeconomic ADJ cjal-3230 102 36 growth growth NOUN cjal-3230 102 37 ; ; PUNCT cjal-3230 102 38 ( ( PUNCT cjal-3230 102 39 iii iii X cjal-3230 102 40 ) ) PUNCT cjal-3230 102 41 much much ADJ cjal-3230 102 42 of of ADP cjal-3230 102 43 the the DET cjal-3230 102 44 owned own VERB cjal-3230 102 45 real real ADJ cjal-3230 102 46 estate estate NOUN cjal-3230 102 47 was be AUX cjal-3230 102 48 used use VERB cjal-3230 102 49 as as ADP cjal-3230 102 50 collateral collateral NOUN cjal-3230 102 51 in in ADP cjal-3230 102 52 obtaining obtain VERB cjal-3230 102 53 bank bank NOUN cjal-3230 102 54 2004 2004 NUM cjal-3230 102 55 ] ] PUNCT cjal-3230 102 56 columbia columbia PROPN cjal-3230 102 57 journal journal PROPN cjal-3230 102 58 of of ADP cjal-3230 102 59 asian asian ADJ cjal-3230 102 60 law law NOUN cjal-3230 102 61 based base VERB cjal-3230 102 62 on on ADP cjal-3230 102 63 a a DET cjal-3230 102 64 poll poll NOUN cjal-3230 102 65 taken take VERB cjal-3230 102 66 in in ADP cjal-3230 102 67 late late ADJ cjal-3230 102 68 2003,8 2003,8 NUM cjal-3230 102 69 the the DET cjal-3230 102 70 following follow VERB cjal-3230 102 71 factors factor NOUN cjal-3230 102 72 ( ( PUNCT cjal-3230 102 73 listed list VERB cjal-3230 102 74 in in ADP cjal-3230 102 75 order order NOUN cjal-3230 102 76 of of ADP cjal-3230 102 77 importance importance NOUN cjal-3230 102 78 ) ) PUNCT cjal-3230 102 79 explain explain VERB cjal-3230 102 80 why why SCONJ cjal-3230 102 81 individuals individual NOUN cjal-3230 102 82 chose choose VERB cjal-3230 102 83 to to PART cjal-3230 102 84 invest invest VERB cjal-3230 102 85 in in ADP cjal-3230 102 86 kangnam kangnam ADJ cjal-3230 102 87 residential residential ADJ cjal-3230 102 88 property property NOUN cjal-3230 102 89 in in ADP cjal-3230 102 90 recent recent ADJ cjal-3230 102 91 years year NOUN cjal-3230 102 92 : : PUNCT cjal-3230 102 93 ( ( PUNCT cjal-3230 102 94 i i NOUN cjal-3230 102 95 ) ) PUNCT cjal-3230 102 96 education education NOUN cjal-3230 102 97 ; ; PUNCT cjal-3230 102 98 ( ( PUNCT cjal-3230 102 99 ii ii NOUN cjal-3230 102 100 ) ) PUNCT cjal-3230 102 101 commuting commute VERB cjal-3230 102 102 convenience convenience NOUN cjal-3230 102 103 ; ; PUNCT cjal-3230 102 104 ( ( PUNCT cjal-3230 102 105 iii iii X cjal-3230 102 106 ) ) PUNCT cjal-3230 102 107 environmental environmental ADJ cjal-3230 102 108 issues issue NOUN cjal-3230 102 109 ; ; PUNCT cjal-3230 102 110 and and CCONJ cjal-3230 102 111 ( ( PUNCT cjal-3230 102 112 iv iv X cjal-3230 102 113 ) ) PUNCT cjal-3230 102 114 wealth wealth NOUN cjal-3230 102 115 creation creation NOUN cjal-3230 102 116 . . PUNCT cjal-3230 103 1 11 11 NUM cjal-3230 103 2 from from ADP cjal-3230 103 3 an an DET cjal-3230 103 4 economic economic ADJ cjal-3230 103 5 perspective perspective NOUN cjal-3230 103 6 , , PUNCT cjal-3230 103 7 this this DET cjal-3230 103 8 increased increase VERB cjal-3230 103 9 demand demand NOUN cjal-3230 103 10 for for ADP cjal-3230 103 11 kangnam kangnam NOUN cjal-3230 103 12 property property NOUN cjal-3230 103 13 , , PUNCT cjal-3230 103 14 in in ADP cjal-3230 103 15 particular particular ADJ cjal-3230 103 16 , , PUNCT cjal-3230 103 17 coupled couple VERB cjal-3230 103 18 with with ADP cjal-3230 103 19 little little ADJ cjal-3230 103 20 or or CCONJ cjal-3230 103 21 no no PRON cjal-3230 103 22 increase increase NOUN cjal-3230 103 23 in in ADP cjal-3230 103 24 property property NOUN cjal-3230 103 25 supply supply NOUN cjal-3230 103 26 , , PUNCT cjal-3230 103 27 culminated culminate VERB cjal-3230 103 28 in in ADP cjal-3230 103 29 a a DET cjal-3230 103 30 steady steady ADJ cjal-3230 103 31 increase increase NOUN cjal-3230 103 32 in in ADP cjal-3230 103 33 property property NOUN cjal-3230 103 34 prices price NOUN cjal-3230 103 35 . . PUNCT cjal-3230 104 1 among among ADP cjal-3230 104 2 all all DET cjal-3230 104 3 factors factor NOUN cjal-3230 104 4 , , PUNCT cjal-3230 104 5 education education NOUN cjal-3230 104 6 is be AUX cjal-3230 104 7 the the DET cjal-3230 104 8 primary primary ADJ cjal-3230 104 9 reason reason NOUN cjal-3230 104 10 behind behind ADP cjal-3230 104 11 the the DET cjal-3230 104 12 increased increase VERB cjal-3230 104 13 demand demand NOUN cjal-3230 104 14 for for ADP cjal-3230 104 15 kangnam kangnam NOUN cjal-3230 104 16 property property NOUN cjal-3230 104 17 . . PUNCT cjal-3230 105 1 in in ADP cjal-3230 105 2 total total ADJ cjal-3230 105 3 , , PUNCT cjal-3230 105 4 56 56 NUM cjal-3230 105 5 % % NOUN cjal-3230 105 6 listed list VERB cjal-3230 105 7 education education NOUN cjal-3230 105 8 as as ADP cjal-3230 105 9 the the DET cjal-3230 105 10 predominant predominant ADJ cjal-3230 105 11 driving driving NOUN cjal-3230 105 12 factor factor NOUN cjal-3230 105 13 in in ADP cjal-3230 105 14 choosing choose VERB cjal-3230 105 15 to to PART cjal-3230 105 16 live live VERB cjal-3230 105 17 in in ADP cjal-3230 105 18 the the DET cjal-3230 105 19 kangnam kangnam NOUN cjal-3230 105 20 area area NOUN cjal-3230 105 21 . . PUNCT cjal-3230 105 22 0 0 PUNCT cjal-3230 106 1 to to ADP cjal-3230 106 2 someone someone PRON cjal-3230 106 3 not not PART cjal-3230 106 4 entirely entirely ADV cjal-3230 106 5 familiar familiar ADJ cjal-3230 106 6 with with ADP cjal-3230 106 7 korean korean ADJ cjal-3230 106 8 culture culture NOUN cjal-3230 106 9 , , PUNCT cjal-3230 106 10 this this DET cjal-3230 106 11 reason reason NOUN cjal-3230 106 12 in in ADP cjal-3230 106 13 and and CCONJ cjal-3230 106 14 of of ADP cjal-3230 106 15 itself itself PRON cjal-3230 106 16 may may AUX cjal-3230 106 17 seem seem VERB cjal-3230 106 18 peculiar peculiar ADJ cjal-3230 106 19 . . PUNCT cjal-3230 107 1 however however ADV cjal-3230 107 2 , , PUNCT cjal-3230 107 3 within within ADP cjal-3230 107 4 the the DET cjal-3230 107 5 context context NOUN cjal-3230 107 6 of of ADP cjal-3230 107 7 traditional traditional ADJ cjal-3230 107 8 korean korean ADJ cjal-3230 107 9 societal societal ADJ cjal-3230 107 10 norms norm NOUN cjal-3230 107 11 -- -- PUNCT cjal-3230 107 12 which which PRON cjal-3230 107 13 still still ADV cjal-3230 107 14 pervade pervade VERB cjal-3230 107 15 in in ADP cjal-3230 107 16 current current ADJ cjal-3230 107 17 everyday everyday ADJ cjal-3230 107 18 society society NOUN cjal-3230 107 19 -- -- PUNCT cjal-3230 107 20 this this DET cjal-3230 107 21 factor factor NOUN cjal-3230 107 22 is be AUX cjal-3230 107 23 understandable understandable ADJ cjal-3230 107 24 for for ADP cjal-3230 107 25 the the DET cjal-3230 107 26 reasons reason NOUN cjal-3230 107 27 given give VERB cjal-3230 107 28 below.2 below.2 NOUN cjal-3230 107 29 ' ' PUNCT cjal-3230 107 30 generally generally ADV cjal-3230 107 31 , , PUNCT cjal-3230 107 32 koreans korean NOUN cjal-3230 107 33 believe believe VERB cjal-3230 107 34 that that SCONJ cjal-3230 107 35 education education NOUN cjal-3230 107 36 is be AUX cjal-3230 107 37 the the DET cjal-3230 107 38 key key NOUN cjal-3230 107 39 to to ADP cjal-3230 107 40 success success NOUN cjal-3230 107 41 in in ADP cjal-3230 107 42 life life NOUN cjal-3230 107 43 , , PUNCT cjal-3230 107 44 both both CCONJ cjal-3230 107 45 from from ADP cjal-3230 107 46 a a DET cjal-3230 107 47 personal personal ADJ cjal-3230 107 48 and and CCONJ cjal-3230 107 49 professional professional ADJ cjal-3230 107 50 standpoint.22 standpoint.22 NOUN cjal-3230 107 51 this this DET cjal-3230 107 52 sense sense NOUN cjal-3230 107 53 of of ADP cjal-3230 107 54 educational educational ADJ cjal-3230 107 55 importance importance NOUN cjal-3230 107 56 can can AUX cjal-3230 107 57 be be AUX cjal-3230 107 58 traced trace VERB cjal-3230 107 59 back back ADV cjal-3230 107 60 to to ADP cjal-3230 107 61 korea korea PROPN cjal-3230 107 62 's 's PART cjal-3230 107 63 early early ADJ cjal-3230 107 64 confucian confucian ADJ cjal-3230 107 65 history history NOUN cjal-3230 107 66 where where SCONJ cjal-3230 107 67 korea korea PROPN cjal-3230 107 68 derives derive VERB cjal-3230 107 69 many many ADJ cjal-3230 107 70 of of ADP cjal-3230 107 71 its its PRON cjal-3230 107 72 customs custom NOUN cjal-3230 107 73 and and CCONJ cjal-3230 107 74 traditions tradition NOUN cjal-3230 107 75 . . PUNCT cjal-3230 108 1 in in ADP cjal-3230 108 2 the the DET cjal-3230 108 3 korean korean PROPN cjal-3230 108 4 chosun chosun PROPN cjal-3230 108 5 dynasty dynasty PROPN cjal-3230 108 6 period period NOUN cjal-3230 108 7 ( ( PUNCT cjal-3230 108 8 1392 1392 NUM cjal-3230 108 9 - - SYM cjal-3230 108 10 1910 1910 NUM cjal-3230 108 11 ) ) PUNCT cjal-3230 108 12 , , PUNCT cjal-3230 108 13 for for ADP cjal-3230 108 14 example example NOUN cjal-3230 108 15 , , PUNCT cjal-3230 108 16 the the DET cjal-3230 108 17 ruling rule VERB cjal-3230 108 18 centralized centralized ADJ cjal-3230 108 19 bureaucracy bureaucracy NOUN cjal-3230 108 20 consisted consist VERB cjal-3230 108 21 of of ADP cjal-3230 108 22 an an DET cjal-3230 108 23 educated educate VERB cjal-3230 108 24 elite elite NOUN cjal-3230 108 25 , , PUNCT cjal-3230 108 26 or or CCONJ cjal-3230 108 27 yangban.3 yangban.3 VERB cjal-3230 108 28 during during ADP cjal-3230 108 29 this this DET cjal-3230 108 30 period period NOUN cjal-3230 108 31 , , PUNCT cjal-3230 108 32 the the DET cjal-3230 108 33 traditional traditional ADJ cjal-3230 108 34 means mean NOUN cjal-3230 108 35 by by ADP cjal-3230 108 36 which which PRON cjal-3230 108 37 one one NUM cjal-3230 108 38 entered enter VERB cjal-3230 108 39 this this DET cjal-3230 108 40 elite elite ADJ cjal-3230 108 41 class class NOUN cjal-3230 108 42 was be AUX cjal-3230 108 43 to to PART cjal-3230 108 44 pass pass VERB cjal-3230 108 45 a a DET cjal-3230 108 46 state state NOUN cjal-3230 108 47 examination examination NOUN cjal-3230 108 48 . . PUNCT cjal-3230 109 1 during during ADP cjal-3230 109 2 this this DET cjal-3230 109 3 time time NOUN cjal-3230 109 4 , , PUNCT cjal-3230 109 5 a a DET cjal-3230 109 6 large large ADJ cjal-3230 109 7 number number NOUN cjal-3230 109 8 loans loan NOUN cjal-3230 109 9 ; ; PUNCT cjal-3230 109 10 and and CCONJ cjal-3230 109 11 ( ( PUNCT cjal-3230 109 12 iv iv X cjal-3230 109 13 ) ) PUNCT cjal-3230 109 14 both both DET cjal-3230 109 15 measures measure NOUN cjal-3230 109 16 are be AUX cjal-3230 109 17 a a DET cjal-3230 109 18 direct direct ADJ cjal-3230 109 19 form form NOUN cjal-3230 109 20 of of ADP cjal-3230 109 21 government government NOUN cjal-3230 109 22 intervention intervention NOUN cjal-3230 109 23 into into ADP cjal-3230 109 24 the the DET cjal-3230 109 25 markets market NOUN cjal-3230 109 26 in in ADP cjal-3230 109 27 an an DET cjal-3230 109 28 attempt attempt NOUN cjal-3230 109 29 to to PART cjal-3230 109 30 push push VERB cjal-3230 109 31 investment investment NOUN cjal-3230 109 32 flows flow NOUN cjal-3230 109 33 from from ADP cjal-3230 109 34 real real ADJ cjal-3230 109 35 estate estate NOUN cjal-3230 109 36 into into ADP cjal-3230 109 37 other other ADJ cjal-3230 109 38 investment investment NOUN cjal-3230 109 39 sectors sector NOUN cjal-3230 109 40 such such ADJ cjal-3230 109 41 as as ADP cjal-3230 109 42 equity equity NOUN cjal-3230 109 43 in in ADP cjal-3230 109 44 the the DET cjal-3230 109 45 korea korea PROPN cjal-3230 109 46 stock stock PROPN cjal-3230 109 47 exchange exchange PROPN cjal-3230 109 48 . . PUNCT cjal-3230 110 1 dissimilarities dissimilarity NOUN cjal-3230 110 2 include include VERB cjal-3230 110 3 ( ( PUNCT cjal-3230 110 4 i i NOUN cjal-3230 110 5 ) ) PUNCT cjal-3230 110 6 that that SCONJ cjal-3230 110 7 the the DET cjal-3230 110 8 1990 1990 NUM cjal-3230 110 9 laws law NOUN cjal-3230 110 10 were be AUX cjal-3230 110 11 aimed aim VERB cjal-3230 110 12 specifically specifically ADV cjal-3230 110 13 towards towards ADP cjal-3230 110 14 forty forty NUM cjal-3230 110 15 - - PUNCT cjal-3230 110 16 nine nine NUM cjal-3230 110 17 large large ADJ cjal-3230 110 18 korean korean ADJ cjal-3230 110 19 corporates corporate NOUN cjal-3230 110 20 while while SCONJ cjal-3230 110 21 the the DET cjal-3230 110 22 2003 2003 NUM cjal-3230 110 23 anti anti ADJ cjal-3230 110 24 - - ADJ cjal-3230 110 25 speculation speculation ADJ cjal-3230 110 26 laws law NOUN cjal-3230 110 27 apply apply VERB cjal-3230 110 28 to to ADP cjal-3230 110 29 any any DET cjal-3230 110 30 investor investor NOUN cjal-3230 110 31 ( ( PUNCT cjal-3230 110 32 i.e. i.e. X cjal-3230 110 33 , , PUNCT cjal-3230 110 34 both both CCONJ cjal-3230 110 35 individual individual ADJ cjal-3230 110 36 , , PUNCT cjal-3230 110 37 corporate corporate ADJ cjal-3230 110 38 and/or and/or CCONJ cjal-3230 110 39 institutional institutional ADJ cjal-3230 110 40 investors investor NOUN cjal-3230 110 41 ) ) PUNCT cjal-3230 110 42 involved involve VERB cjal-3230 110 43 in in ADP cjal-3230 110 44 real real ADJ cjal-3230 110 45 estate estate NOUN cjal-3230 110 46 transactions transaction NOUN cjal-3230 110 47 ; ; PUNCT cjal-3230 110 48 and and CCONJ cjal-3230 110 49 ( ( PUNCT cjal-3230 110 50 ii ii NOUN cjal-3230 110 51 ) ) PUNCT cjal-3230 110 52 the the DET cjal-3230 110 53 1990 1990 NUM cjal-3230 110 54 measures measure NOUN cjal-3230 110 55 merely merely ADV cjal-3230 110 56 provided provide VERB cjal-3230 110 57 for for ADP cjal-3230 110 58 the the DET cjal-3230 110 59 disposal disposal NOUN cjal-3230 110 60 of of ADP cjal-3230 110 61 real real ADJ cjal-3230 110 62 estate estate NOUN cjal-3230 110 63 while while SCONJ cjal-3230 110 64 the the DET cjal-3230 110 65 2003 2003 NUM cjal-3230 110 66 anti anti ADJ cjal-3230 110 67 - - ADJ cjal-3230 110 68 speculation speculation ADJ cjal-3230 110 69 laws law NOUN cjal-3230 110 70 attempt attempt VERB cjal-3230 110 71 to to PART cjal-3230 110 72 dissuade dissuade VERB cjal-3230 110 73 investors investor NOUN cjal-3230 110 74 from from ADP cjal-3230 110 75 short short ADJ cjal-3230 110 76 - - PUNCT cjal-3230 110 77 term term NOUN cjal-3230 110 78 real real ADJ cjal-3230 110 79 estate estate NOUN cjal-3230 110 80 investment investment NOUN cjal-3230 110 81 vis vis X cjal-3230 110 82 - - PUNCT cjal-3230 110 83 a a PRON cjal-3230 110 84 - - PUNCT cjal-3230 110 85 vis vis X cjal-3230 110 86 broad broad ADJ cjal-3230 110 87 sweeping sweeping ADJ cjal-3230 110 88 property property NOUN cjal-3230 110 89 and and CCONJ cjal-3230 110 90 capital capital NOUN cjal-3230 110 91 gains gain NOUN cjal-3230 110 92 tax tax NOUN cjal-3230 110 93 increases increase NOUN cjal-3230 110 94 . . PUNCT cjal-3230 111 1 ' ' NUM cjal-3230 111 2 8 8 NUM cjal-3230 111 3 see see VERB cjal-3230 111 4 hyun hyun PROPN cjal-3230 111 5 - - PUNCT cjal-3230 111 6 chul chul PROPN cjal-3230 111 7 bang bang PROPN cjal-3230 111 8 , , PUNCT cjal-3230 111 9 7jl'jj 7jl'jj NUM cjal-3230 111 10 ' ' PUNCT cjal-3230 111 11 -27 -27 NUM cjal-3230 111 12 - - PUNCT cjal-3230 111 13 j*]4 j*]4 ADJ cjal-3230 111 14 -8o]education -8o]education PUNCT cjal-3230 111 15 and and CCONJ cjal-3230 111 16 environment environment NOUN cjal-3230 111 17 as as ADP cjal-3230 111 18 main main ADJ cjal-3230 111 19 reason reason NOUN cjal-3230 111 20 people people NOUN cjal-3230 111 21 want want VERB cjal-3230 111 22 to to PART cjal-3230 111 23 live live VERB cjal-3230 111 24 in in ADP cjal-3230 111 25 kangnam kangnam PROPN cjal-3230 111 26 . . PUNCT cjal-3230 112 1 chosun chosun PROPN cjal-3230 112 2 ilbo ilbo PROPN cjal-3230 112 3 newspaper newspaper PROPN cjal-3230 112 4 website website PROPN cjal-3230 112 5 , , PUNCT cjal-3230 112 6 available available ADJ cjal-3230 112 7 at at ADP cjal-3230 112 8 http://www.chosun.com/svc/news/ http://www.chosun.com/svc/news/ NUM cjal-3230 112 9 .. .. PUNCT cjal-3230 112 10 ./printarticle.html?id=20020913026 ./printarticle.html?id=20020913026 PUNCT cjal-3230 113 1 [ [ X cjal-3230 113 2 hereinafter hereinafter NOUN cjal-3230 113 3 bang bang PROPN cjal-3230 113 4 ] ] PUNCT cjal-3230 113 5 . . PUNCT cjal-3230 114 1 this this DET cjal-3230 114 2 poll poll NOUN cjal-3230 114 3 by by ADP cjal-3230 114 4 kangnam kangnam PROPN cjal-3230 114 5 gu gu X cjal-3230 114 6 ( ( PUNCT cjal-3230 114 7 vov- vov- NOUN cjal-3230 114 8 ) ) PUNCT cjal-3230 114 9 conducted conduct VERB cjal-3230 114 10 on on ADP cjal-3230 114 11 september september PROPN cjal-3230 114 12 , , PUNCT cjal-3230 114 13 13 13 NUM cjal-3230 114 14 2003 2003 NUM cjal-3230 114 15 asked ask VERB cjal-3230 114 16 kangnam kangnam NOUN cjal-3230 114 17 residents resident NOUN cjal-3230 114 18 what what PRON cjal-3230 114 19 their their PRON cjal-3230 114 20 primary primary ADJ cjal-3230 114 21 reason reason NOUN cjal-3230 114 22 was be AUX cjal-3230 114 23 for for ADP cjal-3230 114 24 choosing choose VERB cjal-3230 114 25 to to PART cjal-3230 114 26 live live VERB cjal-3230 114 27 in in ADP cjal-3230 114 28 the the DET cjal-3230 114 29 kangnam kangnam PROPN cjal-3230 114 30 area area NOUN cjal-3230 114 31 . . PUNCT cjal-3230 115 1 see see VERB cjal-3230 115 2 also also ADV cjal-3230 115 3 in in ADP cjal-3230 115 4 - - PUNCT cjal-3230 115 5 chul chul PROPN cjal-3230 115 6 kim kim PROPN cjal-3230 115 7 , , PUNCT cjal-3230 115 8 4 4 NUM cjal-3230 115 9 " " PUNCT cjal-3230 115 10 -i -i NUM cjal-3230 115 11 44 44 NUM cjal-3230 115 12 % % NOUN cjal-3230 115 13 3 3 NUM cjal-3230 115 14 - - SYM cjal-3230 115 15 7 7 NUM cjal-3230 115 16 - - PUNCT cjal-3230 115 17 a71 a71 NOUN cjal-3230 115 18 z44 z44 PROPN cjal-3230 115 19 % % NOUN cjal-3230 115 20 of of ADP cjal-3230 115 21 kangnam kangnam NOUN cjal-3230 115 22 residents resident NOUN cjal-3230 115 23 listed list VERB cjal-3230 115 24 education education NOUN cjal-3230 115 25 environment environment NOUN cjal-3230 115 26 as as ADP cjal-3230 115 27 main main ADJ cjal-3230 115 28 reasons reason NOUN cjal-3230 115 29 to to PART cjal-3230 115 30 live live VERB cjal-3230 115 31 in in ADP cjal-3230 115 32 kangnam kangnam NOUN cjal-3230 115 33 , , PUNCT cjal-3230 115 34 yonhap yonhap PROPN cjal-3230 115 35 news news PROPN cjal-3230 115 36 website website NOUN cjal-3230 115 37 , , PUNCT cjal-3230 115 38 available available ADJ cjal-3230 115 39 at at ADP cjal-3230 115 40 http://www3.vonhapbnews.co.kr/czi-bin/naver/getbodv?0400209120 http://www3.vonhapbnews.co.kr/czi-bin/naver/getbodv?0400209120 PROPN cjal-3230 115 41 . . PUNCT cjal-3230 116 1 19 19 NUM cjal-3230 116 2 see see VERB cjal-3230 117 1 i i PRON cjal-3230 117 2 d. d. PROPN cjal-3230 117 3 20 20 NUM cjal-3230 117 4 the the DET cjal-3230 117 5 same same ADJ cjal-3230 117 6 poll poll NOUN cjal-3230 117 7 indicated indicate VERB cjal-3230 117 8 a a DET cjal-3230 117 9 strong strong ADJ cjal-3230 117 10 correlation correlation NOUN cjal-3230 117 11 between between ADP cjal-3230 117 12 choosing choose VERB cjal-3230 117 13 education education NOUN cjal-3230 117 14 as as ADP cjal-3230 117 15 the the DET cjal-3230 117 16 primary primary ADJ cjal-3230 117 17 driving driving NOUN cjal-3230 117 18 factor factor NOUN cjal-3230 117 19 and and CCONJ cjal-3230 117 20 respondents respondent NOUN cjal-3230 117 21 who who PRON cjal-3230 117 22 had have VERB cjal-3230 117 23 one one NUM cjal-3230 117 24 or or CCONJ cjal-3230 117 25 more more ADJ cjal-3230 117 26 children child NOUN cjal-3230 117 27 attending attend VERB cjal-3230 117 28 middle middle ADJ cjal-3230 117 29 or or CCONJ cjal-3230 117 30 high high ADJ cjal-3230 117 31 school school NOUN cjal-3230 117 32 . . PUNCT cjal-3230 118 1 i i PRON cjal-3230 118 2 d. d. PROPN cjal-3230 118 3 21 21 NUM cjal-3230 118 4 see see VERB cjal-3230 118 5 sang sing VERB cjal-3230 118 6 hyun hyun PROPN cjal-3230 118 7 song song NOUN cjal-3230 118 8 , , PUNCT cjal-3230 118 9 korean korean ADJ cjal-3230 118 10 law law NOUN cjal-3230 118 11 in in ADP cjal-3230 118 12 the the DET cjal-3230 118 13 global global ADJ cjal-3230 118 14 economy economy NOUN cjal-3230 118 15 108 108 NUM cjal-3230 118 16 - - SYM cjal-3230 118 17 109 109 NUM cjal-3230 118 18 ( ( PUNCT cjal-3230 118 19 bak bak X cjal-3230 118 20 young young ADJ cjal-3230 118 21 sa sa PROPN cjal-3230 118 22 publishing publishing PROPN cjal-3230 118 23 co. co. PROPN cjal-3230 118 24 , , PUNCT cjal-3230 118 25 1996 1996 NUM cjal-3230 118 26 ) ) PUNCT cjal-3230 119 1 [ [ X cjal-3230 119 2 hereinafter hereinafter NOUN cjal-3230 119 3 song song NOUN cjal-3230 119 4 ] ] X cjal-3230 119 5 . . PUNCT cjal-3230 120 1 22 22 NUM cjal-3230 120 2 see see VERB cjal-3230 120 3 i i PRON cjal-3230 120 4 d. d. PROPN cjal-3230 120 5 23 23 NUM cjal-3230 120 6 see see VERB cjal-3230 120 7 john john PROPN cjal-3230 120 8 b. b. PROPN cjal-3230 120 9 duncan duncan PROPN cjal-3230 120 10 , , PUNCT cjal-3230 120 11 the the DET cjal-3230 120 12 origins origin NOUN cjal-3230 120 13 of of ADP cjal-3230 120 14 the the DET cjal-3230 120 15 chosun chosun NOUN cjal-3230 120 16 dynasty dynasty PROPN cjal-3230 120 17 116 116 NUM cjal-3230 120 18 ( ( PUNCT cjal-3230 120 19 university university NOUN cjal-3230 120 20 of of ADP cjal-3230 120 21 washington washington PROPN cjal-3230 120 22 press press PROPN cjal-3230 120 23 , , PUNCT cjal-3230 120 24 seattle seattle PROPN cjal-3230 120 25 and and CCONJ cjal-3230 120 26 london london PROPN cjal-3230 120 27 , , PUNCT cjal-3230 120 28 2000 2000 NUM cjal-3230 120 29 ) ) PUNCT cjal-3230 120 30 24 24 NUM cjal-3230 121 1 i i PRON cjal-3230 121 2 d. d. PROPN cjal-3230 122 1 [ [ X cjal-3230 122 2 18:1 18:1 NUM cjal-3230 122 3 anti anti ADJ cjal-3230 122 4 - - ADJ cjal-3230 122 5 specula specula ADJ cjal-3230 122 6 tion tion PROPN cjal-3230 122 7 la la PROPN cjal-3230 122 8 ws ws PROPN cjal-3230 122 9 and and CCONJ cjal-3230 122 10 their their PRON cjal-3230 122 11 impa impa NOUN cjal-3230 122 12 ct ct NUM cjal-3230 122 13 of of ADP cjal-3230 122 14 the the DET cjal-3230 122 15 chosun chosun NOUN cjal-3230 122 16 founders founder NOUN cjal-3230 122 17 were be AUX cjal-3230 122 18 examination examination NOUN cjal-3230 122 19 graduates graduate NOUN cjal-3230 122 20 . . PUNCT cjal-3230 123 1 2 2 NUM cjal-3230 123 2 thus thus ADV cjal-3230 123 3 , , PUNCT cjal-3230 123 4 at at ADP cjal-3230 123 5 least least ADJ cjal-3230 123 6 from from ADP cjal-3230 123 7 the the DET cjal-3230 123 8 chosun chosun NOUN cjal-3230 123 9 dynasty dynasty NOUN cjal-3230 123 10 period period NOUN cjal-3230 123 11 , , PUNCT cjal-3230 123 12 many many ADJ cjal-3230 123 13 elite elite ADJ cjal-3230 123 14 and and CCONJ cjal-3230 123 15 non non ADJ cjal-3230 123 16 - - ADJ cjal-3230 123 17 elite elite ADJ cjal-3230 123 18 koreans koreans PROPN cjal-3230 123 19 saw see VERB cjal-3230 123 20 education education NOUN cjal-3230 123 21 as as ADP cjal-3230 123 22 a a DET cjal-3230 123 23 primary primary ADJ cjal-3230 123 24 means mean NOUN cjal-3230 123 25 by by ADP cjal-3230 123 26 which which PRON cjal-3230 123 27 to to PART cjal-3230 123 28 pass pass VERB cjal-3230 123 29 the the DET cjal-3230 123 30 central central ADJ cjal-3230 123 31 examination examination NOUN cjal-3230 123 32 , , PUNCT cjal-3230 123 33 and and CCONJ cjal-3230 123 34 either either CCONJ cjal-3230 123 35 maintain maintain VERB cjal-3230 123 36 or or CCONJ cjal-3230 123 37 upgrade upgrade VERB cjal-3230 123 38 their their PRON cjal-3230 123 39 social social ADJ cjal-3230 123 40 status status NOUN cjal-3230 123 41 , , PUNCT cjal-3230 123 42 and and CCONJ cjal-3230 123 43 thereby thereby ADV cjal-3230 123 44 increase increase VERB cjal-3230 123 45 opportunities opportunity NOUN cjal-3230 123 46 for for ADP cjal-3230 123 47 themselves themselves PRON cjal-3230 123 48 and and CCONJ cjal-3230 123 49 their their PRON cjal-3230 123 50 families family NOUN cjal-3230 123 51 . . PUNCT cjal-3230 124 1 in in ADP cjal-3230 124 2 this this DET cjal-3230 124 3 sense sense NOUN cjal-3230 124 4 , , PUNCT cjal-3230 124 5 the the DET cjal-3230 124 6 pursuit pursuit NOUN cjal-3230 124 7 of of ADP cjal-3230 124 8 education education NOUN cjal-3230 124 9 26 26 NUM cjal-3230 124 10 for for ADP cjal-3230 124 11 many many ADJ cjal-3230 124 12 in in ADP cjal-3230 124 13 korean korean ADJ cjal-3230 124 14 society society NOUN cjal-3230 124 15 can can AUX cjal-3230 124 16 thus thus ADV cjal-3230 124 17 be be AUX cjal-3230 124 18 viewed view VERB cjal-3230 124 19 as as ADP cjal-3230 124 20 in in ADP cjal-3230 124 21 conformity conformity NOUN cjal-3230 124 22 with with ADP cjal-3230 124 23 rational rational ADJ cjal-3230 124 24 behavior behavior NOUN cjal-3230 124 25 . . PUNCT cjal-3230 125 1 in in ADP cjal-3230 125 2 modem modem PROPN cjal-3230 125 3 korean korean ADJ cjal-3230 125 4 society society PROPN cjal-3230 125 5 today today NOUN cjal-3230 125 6 , , PUNCT cjal-3230 125 7 the the DET cjal-3230 125 8 same same ADJ cjal-3230 125 9 perception perception NOUN cjal-3230 125 10 holds hold VERB cjal-3230 125 11 true true ADJ cjal-3230 125 12 . . PUNCT cjal-3230 126 1 in in ADP cjal-3230 126 2 an an DET cjal-3230 126 3 industrious industrious ADJ cjal-3230 126 4 society society NOUN cjal-3230 126 5 where where SCONJ cjal-3230 126 6 the the DET cjal-3230 126 7 average average ADJ cjal-3230 126 8 person person NOUN cjal-3230 126 9 seeks seek VERB cjal-3230 126 10 upward upward ADJ cjal-3230 126 11 mobility mobility NOUN cjal-3230 126 12 , , PUNCT cjal-3230 126 13 education education NOUN cjal-3230 126 14 is be AUX cjal-3230 126 15 still still ADV cjal-3230 126 16 seen see VERB cjal-3230 126 17 as as ADP cjal-3230 126 18 the the DET cjal-3230 126 19 primary primary ADJ cjal-3230 126 20 means mean NOUN cjal-3230 126 21 by by ADP cjal-3230 126 22 which which PRON cjal-3230 126 23 to to PART cjal-3230 126 24 achieve achieve VERB cjal-3230 126 25 greater great ADJ cjal-3230 126 26 opportunity opportunity NOUN cjal-3230 126 27 . . PUNCT cjal-3230 126 28 " " PUNCT cjal-3230 127 1 students student NOUN cjal-3230 127 2 from from ADP cjal-3230 127 3 early early ADJ cjal-3230 127 4 primary primary ADJ cjal-3230 127 5 school school NOUN cjal-3230 127 6 are be AUX cjal-3230 127 7 driven drive VERB cjal-3230 127 8 to to PART cjal-3230 127 9 focus focus VERB cjal-3230 127 10 on on ADP cjal-3230 127 11 being be AUX cjal-3230 127 12 accepted accept VERB cjal-3230 127 13 to to ADP cjal-3230 127 14 the the DET cjal-3230 127 15 elite elite ADJ cjal-3230 127 16 junior junior ADJ cjal-3230 127 17 high high ADJ cjal-3230 127 18 and and CCONJ cjal-3230 127 19 high high ADJ cjal-3230 127 20 schools,28 schools,28 PROPN cjal-3230 127 21 and and CCONJ cjal-3230 127 22 to to PART cjal-3230 127 23 score score VERB cjal-3230 127 24 in in ADP cjal-3230 127 25 the the DET cjal-3230 127 26 top top ADJ cjal-3230 127 27 percentile percentile NOUN cjal-3230 127 28 of of ADP cjal-3230 127 29 the the DET cjal-3230 127 30 korean korean ADJ cjal-3230 127 31 college college NOUN cjal-3230 127 32 entrance entrance NOUN cjal-3230 127 33 exam,29 exam,29 NOUN cjal-3230 127 34 in in ADP cjal-3230 127 35 the the DET cjal-3230 127 36 hope hope NOUN cjal-3230 127 37 of of ADP cjal-3230 127 38 being be AUX cjal-3230 127 39 accepted accept VERB cjal-3230 127 40 into into ADP cjal-3230 127 41 a a DET cjal-3230 127 42 " " PUNCT cjal-3230 127 43 top top ADJ cjal-3230 127 44 " " PUNCT cjal-3230 127 45 university university NOUN cjal-3230 127 46 , , PUNCT cjal-3230 127 47 which which PRON cjal-3230 127 48 many many ADJ cjal-3230 127 49 koreans koreans PROPN cjal-3230 127 50 will will AUX cjal-3230 127 51 lead lead VERB cjal-3230 127 52 to to ADP cjal-3230 127 53 upward upward ADJ cjal-3230 127 54 social social ADJ cjal-3230 127 55 and and CCONJ cjal-3230 127 56 financial financial ADJ cjal-3230 127 57 mobility mobility NOUN cjal-3230 127 58 . . PUNCT cjal-3230 128 1 ° ° NOUN cjal-3230 129 1 the the DET cjal-3230 129 2 university university NOUN cjal-3230 129 3 attended attend VERB cjal-3230 129 4 by by ADP cjal-3230 129 5 25 25 NUM cjal-3230 129 6 i i PROPN cjal-3230 129 7 d. d. PROPN cjal-3230 129 8 26 26 NUM cjal-3230 129 9 the the DET cjal-3230 129 10 average average ADJ cjal-3230 129 11 korean korean NOUN cjal-3230 129 12 is be AUX cjal-3230 129 13 said say VERB cjal-3230 129 14 to to PART cjal-3230 129 15 spend spend VERB cjal-3230 129 16 70 70 NUM cjal-3230 129 17 - - SYM cjal-3230 129 18 80 80 NUM cjal-3230 129 19 % % NOUN cjal-3230 129 20 of of ADP cjal-3230 129 21 education education NOUN cjal-3230 129 22 costs cost NOUN cjal-3230 129 23 on on ADP cjal-3230 129 24 private private ADJ cjal-3230 129 25 tutoring tutoring NOUN cjal-3230 129 26 . . PUNCT cjal-3230 130 1 see see VERB cjal-3230 130 2 ji ji PROPN cjal-3230 130 3 - - ADJ cjal-3230 130 4 young young ADJ cjal-3230 130 5 soh soh NOUN cjal-3230 130 6 , , PUNCT cjal-3230 130 7 per per ADP cjal-3230 130 8 student student NOUN cjal-3230 130 9 spending spending NOUN cjal-3230 130 10 reaches reach VERB cjal-3230 130 11 3 3 NUM cjal-3230 130 12 mil mil NOUN cjal-3230 130 13 . . PUNCT cjal-3230 131 1 won won PROPN cjal-3230 131 2 , , PUNCT cjal-3230 131 3 korea korea PROPN cjal-3230 131 4 times times PROPN cjal-3230 131 5 , , PUNCT cjal-3230 131 6 january january PROPN cjal-3230 131 7 8 8 NUM cjal-3230 131 8 , , PUNCT cjal-3230 131 9 2004 2004 NUM cjal-3230 131 10 , , PUNCT cjal-3230 131 11 at at ADP cjal-3230 131 12 4 4 NUM cjal-3230 131 13 . . PUNCT cjal-3230 132 1 see see VERB cjal-3230 132 2 also also ADV cjal-3230 132 3 staff staff NOUN cjal-3230 132 4 writer writer NOUN cjal-3230 132 5 , , PUNCT cjal-3230 132 6 -3io -3io NUM cjal-3230 132 7 6 6 NUM cjal-3230 132 8 ' ' PUNCT cjal-3230 132 9 _ _ NOUN cjal-3230 132 10 1 1 NUM cjal-3230 132 11 t t NOUN cjal-3230 132 12 , , PUNCT cjal-3230 132 13 7j 7j PROPN cjal-3230 132 14 - - PUNCT cjal-3230 132 15 j j NOUN cjal-3230 132 16 ' ' PART cjal-3230 132 17 72 72 NUM cjal-3230 132 18 one one NUM cjal-3230 132 19 out out ADP cjal-3230 132 20 of of ADP cjal-3230 132 21 six six NUM cjal-3230 132 22 students student NOUN cjal-3230 132 23 who who PRON cjal-3230 132 24 entered enter VERB cjal-3230 132 25 specialized specialized ADJ cjal-3230 132 26 schools school NOUN cjal-3230 132 27 lives live VERB cjal-3230 132 28 in in ADP cjal-3230 132 29 kangnam kangnam PROPN cjal-3230 132 30 area area NOUN cjal-3230 132 31 yunbap yunbap PROPN cjal-3230 132 32 news news PROPN cjal-3230 132 33 website website NOUN cjal-3230 132 34 , , PUNCT cjal-3230 132 35 february february PROPN cjal-3230 132 36 15 15 NUM cjal-3230 132 37 , , PUNCT cjal-3230 132 38 2004 2004 NUM cjal-3230 132 39 . . PUNCT cjal-3230 133 1 27 27 NUM cjal-3230 133 2 as as ADP cjal-3230 133 3 an an DET cjal-3230 133 4 example example NOUN cjal-3230 133 5 of of ADP cjal-3230 133 6 how how SCONJ cjal-3230 133 7 this this DET cjal-3230 133 8 perspective perspective NOUN cjal-3230 133 9 has have AUX cjal-3230 133 10 incorporated incorporate VERB cjal-3230 133 11 itself itself PRON cjal-3230 133 12 into into ADP cjal-3230 133 13 national national ADJ cjal-3230 133 14 public public ADJ cjal-3230 133 15 policy policy NOUN cjal-3230 133 16 relating relate VERB cjal-3230 133 17 to to ADP cjal-3230 133 18 education education NOUN cjal-3230 133 19 , , PUNCT cjal-3230 133 20 south south PROPN cjal-3230 133 21 korea korea PROPN cjal-3230 133 22 spends spend VERB cjal-3230 133 23 7.1 7.1 NUM cjal-3230 133 24 % % NOUN cjal-3230 133 25 of of ADP cjal-3230 133 26 its its PRON cjal-3230 133 27 gross gross ADJ cjal-3230 133 28 domestic domestic ADJ cjal-3230 133 29 product product NOUN cjal-3230 133 30 ( ( PUNCT cjal-3230 133 31 gdp gdp NOUN cjal-3230 133 32 ) ) PUNCT cjal-3230 133 33 on on ADP cjal-3230 133 34 public public ADJ cjal-3230 133 35 education education NOUN cjal-3230 133 36 , , PUNCT cjal-3230 133 37 the the DET cjal-3230 133 38 highest high ADJ cjal-3230 133 39 percentile percentile ADJ cjal-3230 133 40 ranking ranking NOUN cjal-3230 133 41 among among ADP cjal-3230 133 42 the the DET cjal-3230 133 43 oecd oecd PROPN cjal-3230 133 44 nations nation NOUN cjal-3230 133 45 . . PUNCT cjal-3230 134 1 see see VERB cjal-3230 134 2 i i PRON cjal-3230 134 3 d. d. PROPN cjal-3230 134 4 28 28 NUM cjal-3230 134 5 some some PRON cjal-3230 134 6 of of ADP cjal-3230 134 7 the the DET cjal-3230 134 8 notable notable ADJ cjal-3230 134 9 junior junior ADJ cjal-3230 134 10 high high ADJ cjal-3230 134 11 and and CCONJ cjal-3230 134 12 high high ADJ cjal-3230 134 13 schools school NOUN cjal-3230 134 14 in in ADP cjal-3230 134 15 the the DET cjal-3230 134 16 kangnam kangnam PROPN cjal-3230 134 17 area area NOUN cjal-3230 134 18 include include VERB cjal-3230 134 19 daechung daechung PROPN cjal-3230 134 20 ( ( PUNCT cjal-3230 134 21 r~'4r- r~'4r- PROPN cjal-3230 134 22 , , PUNCT cjal-3230 134 23 ) ) PUNCT cjal-3230 134 24 , , PUNCT cjal-3230 134 25 hyundai hyundai PROPN cjal-3230 134 26 high high ADJ cjal-3230 134 27 school school NOUN cjal-3230 134 28 ( ( PUNCT cjal-3230 134 29 411 411 NUM cjal-3230 134 30 u u NOUN cjal-3230 134 31 - - PROPN cjal-3230 134 32 il il PROPN cjal-3230 134 33 ) ) PUNCT cjal-3230 134 34 , , PUNCT cjal-3230 134 35 kyunggi kyunggi PROPN cjal-3230 134 36 girls girls PROPN cjal-3230 134 37 ' ' PART cjal-3230 134 38 high high ADJ cjal-3230 134 39 school school NOUN cjal-3230 134 40 ( ( PUNCT cjal-3230 134 41 tq tq ADP cjal-3230 134 42 7 7 NUM cjal-3230 134 43 ] ] PUNCT cjal-3230 134 44 c1c c1c VERB cjal-3230 134 45 4ki,- 4ki,- NOUN cjal-3230 134 46 ) ) PUNCT cjal-3230 134 47 . . PUNCT cjal-3230 135 1 some some PRON cjal-3230 135 2 of of ADP cjal-3230 135 3 the the DET cjal-3230 135 4 notable notable ADJ cjal-3230 135 5 private private ADJ cjal-3230 135 6 educational educational ADJ cjal-3230 135 7 institutes institute NOUN cjal-3230 135 8 , , PUNCT cjal-3230 135 9 or or CCONJ cjal-3230 135 10 hakgwons hakgwon NOUN cjal-3230 135 11 ( ( PUNCT cjal-3230 135 12 --la --la NOUN cjal-3230 135 13 ) ) PUNCT cjal-3230 135 14 include include VERB cjal-3230 135 15 jungbo jungbo PROPN cjal-3230 135 16 hakgwon hakgwon PROPN cjal-3230 135 17 ( ( PUNCT cjal-3230 135 18 v v ADP cjal-3230 135 19 _ _ PRON cjal-3230 135 20 q-- q-- X cjal-3230 135 21 ) ) PUNCT cjal-3230 135 22 , , PUNCT cjal-3230 135 23 megastudy megastudy PROPN cjal-3230 135 24 hakgwon hakgwon VERB cjal-3230 135 25 , , PUNCT cjal-3230 135 26 and and CCONJ cjal-3230 135 27 seyun seyun NOUN cjal-3230 135 28 hakgwon hakgwon VERB cjal-3230 135 29 ( ( PUNCT cjal-3230 135 30 fl fl NOUN cjal-3230 135 31 - - PUNCT cjal-3230 135 32 ) ) PUNCT cjal-3230 135 33 . . PUNCT cjal-3230 136 1 29 29 NUM cjal-3230 137 1 the the DET cjal-3230 137 2 korean korean ADJ cjal-3230 137 3 college college NOUN cjal-3230 137 4 entrance entrance NOUN cjal-3230 137 5 exam exam NOUN cjal-3230 137 6 is be AUX cjal-3230 137 7 known know VERB cjal-3230 137 8 as as ADP cjal-3230 137 9 the the DET cjal-3230 137 10 suhakneungrukshihum suhakneungrukshihum NOUN cjal-3230 137 11 ( ( PUNCT cjal-3230 137 12 - - NOUN cjal-3230 137 13 ' ' PUNCT cjal-3230 137 14 -'/ -'/ NOUN cjal-3230 137 15 ) ) PUNCT cjal-3230 137 16 . . PUNCT cjal-3230 138 1 in in ADP cjal-3230 138 2 substance substance NOUN cjal-3230 138 3 , , PUNCT cjal-3230 138 4 this this DET cjal-3230 138 5 exam exam NOUN cjal-3230 138 6 is be AUX cjal-3230 138 7 the the DET cjal-3230 138 8 korean korean ADJ cjal-3230 138 9 equivalent equivalent NOUN cjal-3230 138 10 to to ADP cjal-3230 138 11 the the DET cjal-3230 138 12 u.s u.s PROPN cjal-3230 138 13 . . PROPN cjal-3230 138 14 sat sit VERB cjal-3230 138 15 ( ( PUNCT cjal-3230 138 16 standardized standardized ADJ cjal-3230 138 17 achievement achievement NOUN cjal-3230 138 18 test test NOUN cjal-3230 138 19 ) ) PUNCT cjal-3230 138 20 college college NOUN cjal-3230 138 21 entrance entrance NOUN cjal-3230 138 22 examinations examination NOUN cjal-3230 138 23 , , PUNCT cjal-3230 138 24 and and CCONJ cjal-3230 138 25 is be AUX cjal-3230 138 26 thus thus ADV cjal-3230 138 27 sometimes sometimes ADV cjal-3230 138 28 referred refer VERB cjal-3230 138 29 to to ADP cjal-3230 138 30 as as SCONJ cjal-3230 138 31 the the DET cjal-3230 138 32 " " PUNCT cjal-3230 138 33 korean korean PROPN cjal-3230 138 34 sat sit VERB cjal-3230 138 35 's 's PART cjal-3230 138 36 " " PUNCT cjal-3230 138 37 . . PUNCT cjal-3230 139 1 currently currently ADV cjal-3230 139 2 , , PUNCT cjal-3230 139 3 the the DET cjal-3230 139 4 highest high ADJ cjal-3230 139 5 score score NOUN cjal-3230 139 6 on on ADP cjal-3230 139 7 korean korean PROPN cjal-3230 139 8 sat sit VERB cjal-3230 139 9 ikorean ikorean PROPN cjal-3230 139 10 sat sit VERB cjal-3230 139 11 is be AUX cjal-3230 139 12 " " PUNCT cjal-3230 139 13 400 400 NUM cjal-3230 139 14 " " PUNCT cjal-3230 139 15 , , PUNCT cjal-3230 139 16 whereby whereby SCONJ cjal-3230 139 17 a a DET cjal-3230 139 18 score score NOUN cjal-3230 139 19 of of ADP cjal-3230 139 20 approximately approximately ADV cjal-3230 139 21 390 390 NUM cjal-3230 139 22 or or CCONJ cjal-3230 139 23 higher high ADJ cjal-3230 139 24 ( ( PUNCT cjal-3230 139 25 which which PRON cjal-3230 139 26 varies vary VERB cjal-3230 139 27 from from ADP cjal-3230 139 28 year year NOUN cjal-3230 139 29 to to ADP cjal-3230 139 30 year year NOUN cjal-3230 139 31 ) ) PUNCT cjal-3230 140 1 may may AUX cjal-3230 140 2 generally generally ADV cjal-3230 140 3 enable enable VERB cjal-3230 140 4 a a DET cjal-3230 140 5 student student NOUN cjal-3230 140 6 to to PART cjal-3230 140 7 be be AUX cjal-3230 140 8 accepted accept VERB cjal-3230 140 9 into into ADP cjal-3230 140 10 so so ADV cjal-3230 140 11 - - PUNCT cjal-3230 140 12 called call VERB cjal-3230 140 13 " " PUNCT cjal-3230 140 14 first first ADJ cjal-3230 140 15 - - PUNCT cjal-3230 140 16 tier tier NOUN cjal-3230 140 17 " " PUNCT cjal-3230 140 18 korean korean ADJ cjal-3230 140 19 universities university NOUN cjal-3230 140 20 . . PUNCT cjal-3230 141 1 regarding regard VERB cjal-3230 141 2 procedure procedure NOUN cjal-3230 141 3 , , PUNCT cjal-3230 141 4 the the DET cjal-3230 141 5 korean korean PROPN cjal-3230 141 6 sat sat AUX cjal-3230 141 7 's 's PART cjal-3230 141 8 are be AUX cjal-3230 141 9 typically typically ADV cjal-3230 141 10 given give VERB cjal-3230 141 11 to to ADP cjal-3230 141 12 students student NOUN cjal-3230 141 13 on on ADP cjal-3230 141 14 the the DET cjal-3230 141 15 first first ADJ cjal-3230 141 16 wednesday wednesday PROPN cjal-3230 141 17 of of ADP cjal-3230 141 18 each each DET cjal-3230 141 19 november november PROPN cjal-3230 141 20 , , PUNCT cjal-3230 141 21 and and CCONJ cjal-3230 141 22 grade grade NOUN cjal-3230 141 23 results result NOUN cjal-3230 141 24 begin begin VERB cjal-3230 141 25 to to PART cjal-3230 141 26 be be AUX cjal-3230 141 27 announced announce VERB cjal-3230 141 28 from from ADP cjal-3230 141 29 early early ADJ cjal-3230 141 30 december december PROPN cjal-3230 141 31 of of ADP cjal-3230 141 32 the the DET cjal-3230 141 33 same same ADJ cjal-3230 141 34 calendar calendar NOUN cjal-3230 141 35 year year NOUN cjal-3230 141 36 . . PUNCT cjal-3230 142 1 regarding regard VERB cjal-3230 142 2 acceptance acceptance NOUN cjal-3230 142 3 criteria criterion NOUN cjal-3230 142 4 relating relate VERB cjal-3230 142 5 to to ADP cjal-3230 142 6 the the DET cjal-3230 142 7 korean korean PROPN cjal-3230 142 8 sat sit VERB cjal-3230 142 9 's ' NOUN cjal-3230 142 10 , , PUNCT cjal-3230 142 11 the the DET cjal-3230 142 12 korean korean PROPN cjal-3230 142 13 sat sit VERB cjal-3230 142 14 score score NOUN cjal-3230 142 15 result result NOUN cjal-3230 142 16 is be AUX cjal-3230 142 17 weighed weigh VERB cjal-3230 142 18 heavily heavily ADV cjal-3230 142 19 . . PUNCT cjal-3230 143 1 in in ADP cjal-3230 143 2 addition addition NOUN cjal-3230 143 3 to to ADP cjal-3230 143 4 the the DET cjal-3230 143 5 korean korean PROPN cjal-3230 143 6 sat sit VERB cjal-3230 143 7 score score NOUN cjal-3230 143 8 result result NOUN cjal-3230 143 9 , , PUNCT cjal-3230 143 10 some some DET cjal-3230 143 11 korean korean ADJ cjal-3230 143 12 universities university NOUN cjal-3230 143 13 also also ADV cjal-3230 143 14 require require VERB cjal-3230 143 15 and and CCONJ cjal-3230 143 16 consider consider VERB cjal-3230 143 17 essay essay ADJ cjal-3230 143 18 exam exam NOUN cjal-3230 143 19 results result NOUN cjal-3230 143 20 ( ( PUNCT cjal-3230 143 21 which which PRON cjal-3230 143 22 typically typically ADV cjal-3230 143 23 average average VERB cjal-3230 143 24 about about ADV cjal-3230 143 25 1,800 1,800 NUM cjal-3230 143 26 korean korean ADJ cjal-3230 143 27 characters character NOUN cjal-3230 143 28 in in ADP cjal-3230 143 29 length length NOUN cjal-3230 143 30 ) ) PUNCT cjal-3230 143 31 . . PUNCT cjal-3230 144 1 recently recently ADV cjal-3230 144 2 , , PUNCT cjal-3230 144 3 some some DET cjal-3230 144 4 universities university NOUN cjal-3230 144 5 offer offer VERB cjal-3230 144 6 an an DET cjal-3230 144 7 " " PUNCT cjal-3230 144 8 early early ADJ cjal-3230 144 9 admissions admission NOUN cjal-3230 144 10 " " PUNCT cjal-3230 144 11 acceptance acceptance NOUN cjal-3230 144 12 track track NOUN cjal-3230 144 13 , , PUNCT cjal-3230 144 14 much much ADV cjal-3230 144 15 like like ADP cjal-3230 144 16 in in ADP cjal-3230 144 17 the the DET cjal-3230 144 18 u.s u.s PROPN cjal-3230 144 19 . . PROPN cjal-3230 144 20 in in ADP cjal-3230 144 21 the the DET cjal-3230 144 22 korean korean ADJ cjal-3230 144 23 case case NOUN cjal-3230 144 24 , , PUNCT cjal-3230 144 25 as as ADP cjal-3230 144 26 one one NUM cjal-3230 144 27 example example NOUN cjal-3230 144 28 , , PUNCT cjal-3230 144 29 a a DET cjal-3230 144 30 university university NOUN cjal-3230 144 31 will will AUX cjal-3230 144 32 de de VERB cjal-3230 144 33 - - VERB cjal-3230 144 34 emphasize emphasize VERB cjal-3230 144 35 the the DET cjal-3230 144 36 korean korean PROPN cjal-3230 144 37 sat sit VERB cjal-3230 144 38 score score NOUN cjal-3230 144 39 result result NOUN cjal-3230 144 40 ( ( PUNCT cjal-3230 144 41 and and CCONJ cjal-3230 144 42 in in ADP cjal-3230 144 43 some some DET cjal-3230 144 44 cases case NOUN cjal-3230 144 45 , , PUNCT cjal-3230 144 46 not not PART cjal-3230 144 47 even even ADV cjal-3230 144 48 require require VERB cjal-3230 144 49 the the DET cjal-3230 144 50 korean korean PROPN cjal-3230 144 51 sat sit VERB cjal-3230 144 52 score score NOUN cjal-3230 144 53 ) ) PUNCT cjal-3230 144 54 , , PUNCT cjal-3230 144 55 and and CCONJ cjal-3230 144 56 instead instead ADV cjal-3230 144 57 , , PUNCT cjal-3230 144 58 emphasize emphasize VERB cjal-3230 144 59 such such ADJ cjal-3230 144 60 criteria criterion NOUN cjal-3230 144 61 as as ADP cjal-3230 144 62 high high ADJ cjal-3230 144 63 school school NOUN cjal-3230 144 64 g.p.a g.p.a NOUN cjal-3230 144 65 . . PUNCT cjal-3230 144 66 , , PUNCT cjal-3230 144 67 essays essay NOUN cjal-3230 144 68 , , PUNCT cjal-3230 144 69 personal personal ADJ cjal-3230 144 70 interviews interview NOUN cjal-3230 144 71 , , PUNCT cjal-3230 144 72 toeic toeic PROPN cjal-3230 144 73 / / SYM cjal-3230 144 74 toefl toefl PROPN cjal-3230 144 75 scores score NOUN cjal-3230 144 76 , , PUNCT cjal-3230 144 77 multi multi ADJ cjal-3230 144 78 - - ADJ cjal-3230 144 79 lingual lingual ADJ cjal-3230 144 80 capabilities capability NOUN cjal-3230 144 81 , , PUNCT cjal-3230 144 82 and and CCONJ cjal-3230 144 83 academic academic ADJ cjal-3230 144 84 honors honor NOUN cjal-3230 144 85 / / SYM cjal-3230 144 86 awards award NOUN cjal-3230 144 87 . . PUNCT cjal-3230 145 1 30 30 NUM cjal-3230 145 2 this this DET cjal-3230 145 3 belief belief NOUN cjal-3230 145 4 by by ADP cjal-3230 145 5 many many ADJ cjal-3230 145 6 koreans korean NOUN cjal-3230 145 7 today today NOUN cjal-3230 145 8 in in ADP cjal-3230 145 9 2004 2004 NUM cjal-3230 145 10 exemplifies exemplify VERB cjal-3230 145 11 the the DET cjal-3230 145 12 continuity continuity NOUN cjal-3230 145 13 of of ADP cjal-3230 145 14 thought thought NOUN cjal-3230 145 15 that that SCONJ cjal-3230 145 16 education education NOUN cjal-3230 145 17 can can AUX cjal-3230 145 18 lead lead VERB cjal-3230 145 19 to to ADP cjal-3230 145 20 a a DET cjal-3230 145 21 better well ADJ cjal-3230 145 22 life life NOUN cjal-3230 145 23 . . PUNCT cjal-3230 146 1 for for ADP cjal-3230 146 2 example example NOUN cjal-3230 146 3 , , PUNCT cjal-3230 146 4 the the DET cjal-3230 146 5 current current ADJ cjal-3230 146 6 thinking thinking NOUN cjal-3230 146 7 by by ADP cjal-3230 146 8 many many ADJ cjal-3230 146 9 traditional traditional ADJ cjal-3230 146 10 korean korean ADJ cjal-3230 146 11 parents parent NOUN cjal-3230 146 12 is be AUX cjal-3230 146 13 that that SCONJ cjal-3230 146 14 having have VERB cjal-3230 146 15 their their PRON cjal-3230 146 16 children child NOUN cjal-3230 146 17 score score VERB cjal-3230 146 18 high high ADV cjal-3230 146 19 on on ADP cjal-3230 146 20 the the DET cjal-3230 146 21 national national PROPN cjal-3230 146 22 university university PROPN cjal-3230 146 23 entrance entrance NOUN cjal-3230 146 24 examination examination NOUN cjal-3230 146 25 will will AUX cjal-3230 146 26 increase increase VERB cjal-3230 146 27 the the DET cjal-3230 146 28 chances chance NOUN cjal-3230 146 29 of of ADP cjal-3230 146 30 being be AUX cjal-3230 146 31 accepted accept VERB cjal-3230 146 32 into into ADP cjal-3230 146 33 an an DET cjal-3230 146 34 " " PUNCT cjal-3230 146 35 elite elite ADJ cjal-3230 146 36 " " PUNCT cjal-3230 146 37 university university NOUN cjal-3230 146 38 and and CCONJ cjal-3230 146 39 therefore therefore ADV cjal-3230 146 40 a a DET cjal-3230 146 41 better well ADJ cjal-3230 146 42 job job NOUN cjal-3230 146 43 afterwards afterwards ADV cjal-3230 146 44 , , PUNCT cjal-3230 146 45 much much ADJ cjal-3230 146 46 in in ADP cjal-3230 146 47 the the DET cjal-3230 146 48 same same ADJ cjal-3230 146 49 way way NOUN cjal-3230 146 50 as as SCONJ cjal-3230 146 51 many many ADJ cjal-3230 146 52 traditional traditional ADJ cjal-3230 146 53 korean korean ADJ cjal-3230 146 54 parents parent NOUN cjal-3230 146 55 thought think VERB cjal-3230 146 56 towards towards ADP cjal-3230 146 57 the the DET cjal-3230 146 58 state state NOUN cjal-3230 146 59 examination examination NOUN cjal-3230 146 60 during during ADP cjal-3230 146 61 the the DET cjal-3230 146 62 chosun chosun NOUN cjal-3230 146 63 dynasty dynasty NOUN cjal-3230 146 64 nearly nearly ADV cjal-3230 146 65 600 600 NUM cjal-3230 146 66 years year NOUN cjal-3230 146 67 earlier early ADV cjal-3230 146 68 . . PUNCT cjal-3230 147 1 see see VERB cjal-3230 147 2 supra supra PROPN cjal-3230 147 3 note note PROPN cjal-3230 147 4 23 23 NUM cjal-3230 147 5 . . PUNCT cjal-3230 148 1 20041 20041 NUM cjal-3230 148 2 columbia columbia PROPN cjal-3230 148 3 journal journal PROPN cjal-3230 148 4 of of ADP cjal-3230 148 5 asian asian ADJ cjal-3230 148 6 law law PROPN cjal-3230 148 7 a a DET cjal-3230 148 8 college college NOUN cjal-3230 148 9 student student NOUN cjal-3230 148 10 may may AUX cjal-3230 148 11 very very ADV cjal-3230 148 12 well well ADV cjal-3230 148 13 determine determine VERB cjal-3230 148 14 the the DET cjal-3230 148 15 opportunities opportunity NOUN cjal-3230 148 16 available available ADJ cjal-3230 148 17 to to ADP cjal-3230 148 18 him he PRON cjal-3230 148 19 or or CCONJ cjal-3230 148 20 her she PRON cjal-3230 148 21 on on ADP cjal-3230 148 22 a a DET cjal-3230 148 23 social social ADJ cjal-3230 148 24 basis basis NOUN cjal-3230 148 25 , , PUNCT cjal-3230 148 26 in in ADP cjal-3230 148 27 terms term NOUN cjal-3230 148 28 of of ADP cjal-3230 148 29 meeting meet VERB cjal-3230 148 30 other other ADJ cjal-3230 148 31 students student NOUN cjal-3230 148 32 , , PUNCT cjal-3230 148 33 or or CCONJ cjal-3230 148 34 on on ADP cjal-3230 148 35 a a DET cjal-3230 148 36 professional professional ADJ cjal-3230 148 37 level level NOUN cjal-3230 148 38 , , PUNCT cjal-3230 148 39 by by ADP cjal-3230 148 40 forming form VERB cjal-3230 148 41 personal personal ADJ cjal-3230 148 42 connections connection NOUN cjal-3230 148 43 with with ADP cjal-3230 148 44 those those DET cjal-3230 148 45 other other ADJ cjal-3230 148 46 students.3 students.3 NOUN cjal-3230 148 47 ' ' PUNCT cjal-3230 148 48 ultimately ultimately ADV cjal-3230 148 49 , , PUNCT cjal-3230 148 50 this this PRON cjal-3230 148 51 commonly commonly ADV cjal-3230 148 52 seen see VERB cjal-3230 148 53 form form NOUN cjal-3230 148 54 of of ADP cjal-3230 148 55 korean korean ADJ cjal-3230 148 56 networking networking NOUN cjal-3230 148 57 forms form NOUN cjal-3230 148 58 a a DET cjal-3230 148 59 strong strong ADJ cjal-3230 148 60 social social ADJ cjal-3230 148 61 network network NOUN cjal-3230 148 62 that that PRON cjal-3230 148 63 lasts last VERB cjal-3230 148 64 and and CCONJ cjal-3230 148 65 is be AUX cjal-3230 148 66 used use VERB cjal-3230 148 67 for for ADP cjal-3230 148 68 an an DET cjal-3230 148 69 entire entire ADJ cjal-3230 148 70 lifetime lifetime NOUN cjal-3230 148 71 , , PUNCT cjal-3230 148 72 both both PRON cjal-3230 148 73 personally personally ADV cjal-3230 148 74 ( ( PUNCT cjal-3230 148 75 i.e. i.e. X cjal-3230 148 76 , , PUNCT cjal-3230 148 77 meeting meet VERB cjal-3230 148 78 others other NOUN cjal-3230 148 79 with with ADP cjal-3230 148 80 the the DET cjal-3230 148 81 same same ADJ cjal-3230 148 82 background background NOUN cjal-3230 148 83 or or CCONJ cjal-3230 148 84 interests interest NOUN cjal-3230 148 85 ) ) PUNCT cjal-3230 148 86 and and CCONJ cjal-3230 148 87 professionally professionally ADV cjal-3230 148 88 ( ( PUNCT cjal-3230 148 89 i.e. i.e. X cjal-3230 148 90 , , PUNCT cjal-3230 148 91 connecting connect VERB cjal-3230 148 92 to to ADP cjal-3230 148 93 alumni alumnus NOUN cjal-3230 148 94 for for ADP cjal-3230 148 95 jobs job NOUN cjal-3230 148 96 or or CCONJ cjal-3230 148 97 career career NOUN cjal-3230 148 98 advice).32 advice).32 VERB cjal-3230 148 99 as as ADP cjal-3230 148 100 evidence evidence NOUN cjal-3230 148 101 of of ADP cjal-3230 148 102 the the DET cjal-3230 148 103 current current ADJ cjal-3230 148 104 extreme extreme ADJ cjal-3230 148 105 emphasis emphasis NOUN cjal-3230 148 106 still still ADV cjal-3230 148 107 placed place VERB cjal-3230 148 108 on on ADP cjal-3230 148 109 education education NOUN cjal-3230 148 110 as as SCONJ cjal-3230 148 111 it it PRON cjal-3230 148 112 relates relate VERB cjal-3230 148 113 to to ADP cjal-3230 148 114 the the DET cjal-3230 148 115 demand demand NOUN cjal-3230 148 116 for for ADP cjal-3230 148 117 kangnam kangnam ADJ cjal-3230 148 118 residential residential ADJ cjal-3230 148 119 real real ADJ cjal-3230 148 120 estate estate NOUN cjal-3230 148 121 , , PUNCT cjal-3230 148 122 kangnam kangnam VERB cjal-3230 148 123 residents resident NOUN cjal-3230 148 124 spent spend VERB cjal-3230 148 125 2.6 2.6 NUM cjal-3230 148 126 times time NOUN cjal-3230 148 127 more33 more33 NOUN cjal-3230 148 128 on on ADP cjal-3230 148 129 tutoring34 tutoring34 NOUN cjal-3230 148 130 than than ADP cjal-3230 148 131 the the DET cjal-3230 148 132 national national ADJ cjal-3230 148 133 average,35 average,35 NOUN cjal-3230 148 134 spending spending NOUN cjal-3230 148 135 on on ADP cjal-3230 148 136 average average ADJ cjal-3230 148 137 621,400 621,400 NUM cjal-3230 148 138 korean korean ADJ cjal-3230 148 139 won win VERB cjal-3230 148 140 ( ( PUNCT cjal-3230 148 141 " " PUNCT cjal-3230 148 142 krw")36 krw")36 PROPN cjal-3230 148 143 per per ADP cjal-3230 148 144 month.37 month.37 NOUN cjal-3230 148 145 even even ADV cjal-3230 148 146 more more ADV cjal-3230 148 147 , , PUNCT cjal-3230 148 148 the the DET cjal-3230 148 149 highest high ADJ cjal-3230 148 150 level level NOUN cjal-3230 148 151 of of ADP cjal-3230 148 152 tutoring tutoring NOUN cjal-3230 148 153 expenditures expenditure NOUN cjal-3230 148 154 was be AUX cjal-3230 148 155 seen see VERB cjal-3230 148 156 among among ADP cjal-3230 148 157 residents resident NOUN cjal-3230 148 158 of of ADP cjal-3230 148 159 four four NUM cjal-3230 148 160 specific specific ADJ cjal-3230 148 161 traditionally traditionally ADV cjal-3230 148 162 - - PUNCT cjal-3230 148 163 affluent affluent ADJ cjal-3230 148 164 areas area NOUN cjal-3230 148 165 , , PUNCT cjal-3230 148 166 including include VERB cjal-3230 148 167 among among ADP cjal-3230 148 168 them they PRON cjal-3230 148 169 , , PUNCT cjal-3230 148 170 the the DET cjal-3230 148 171 kangnam kangnam NOUN cjal-3230 148 172 area.3 area.3 NOUN cjal-3230 148 173 " " PUNCT cjal-3230 148 174 the the DET cjal-3230 148 175 second second ADJ cjal-3230 148 176 and and CCONJ cjal-3230 148 177 third third ADJ cjal-3230 148 178 factors factor NOUN cjal-3230 148 179 behind behind ADP cjal-3230 148 180 the the DET cjal-3230 148 181 demand demand NOUN cjal-3230 148 182 for for ADP cjal-3230 148 183 kangnam kangnam NOUN cjal-3230 148 184 real real ADJ cjal-3230 148 185 estate estate NOUN cjal-3230 148 186 are be AUX cjal-3230 148 187 commuting commute VERB cjal-3230 148 188 convenience convenience NOUN cjal-3230 148 189 between between ADP cjal-3230 148 190 home home NOUN cjal-3230 148 191 and and CCONJ cjal-3230 148 192 work work NOUN cjal-3230 148 193 and and CCONJ cjal-3230 148 194 convenience convenience NOUN cjal-3230 148 195 to to ADP cjal-3230 148 196 other other ADJ cjal-3230 148 197 forms form NOUN cjal-3230 148 198 of of ADP cjal-3230 148 199 transportation transportation NOUN cjal-3230 148 200 . . PUNCT cjal-3230 149 1 the the DET cjal-3230 149 2 analysis analysis NOUN cjal-3230 149 3 for for ADP cjal-3230 149 4 these these DET cjal-3230 149 5 factors factor NOUN cjal-3230 149 6 will will AUX cjal-3230 149 7 be be AUX cjal-3230 149 8 merged merge VERB cjal-3230 149 9 as as SCONJ cjal-3230 149 10 they they PRON cjal-3230 149 11 are be AUX cjal-3230 149 12 nearly nearly ADV cjal-3230 149 13 indistinguishable indistinguishable ADJ cjal-3230 149 14 . . PUNCT cjal-3230 150 1 several several ADJ cjal-3230 150 2 seoul seoul ADJ cjal-3230 150 3 commercial commercial ADJ cjal-3230 150 4 " " PUNCT cjal-3230 150 5 hubs hub NOUN cjal-3230 150 6 " " PUNCT cjal-3230 150 7 exist exist VERB cjal-3230 150 8 which which PRON cjal-3230 150 9 can can AUX cjal-3230 150 10 be be AUX cjal-3230 150 11 divided divide VERB cjal-3230 150 12 into into ADP cjal-3230 150 13 the the DET cjal-3230 150 14 kangbuk kangbuk NOUN cjal-3230 150 15 area area NOUN cjal-3230 150 16 ( ( PUNCT cjal-3230 150 17 north north NOUN cjal-3230 150 18 of of ADP cjal-3230 150 19 the the DET cjal-3230 150 20 han han PROPN cjal-3230 150 21 river river PROPN cjal-3230 150 22 ) ) PUNCT cjal-3230 150 23 and and CCONJ cjal-3230 150 24 the the DET cjal-3230 150 25 kangnam kangnam PROPN cjal-3230 150 26 area area NOUN cjal-3230 150 27 ( ( PUNCT cjal-3230 150 28 south south ADV cjal-3230 150 29 traditionally traditionally ADV cjal-3230 150 30 , , PUNCT cjal-3230 150 31 the the DET cjal-3230 150 32 " " PUNCT cjal-3230 150 33 top top ADJ cjal-3230 150 34 " " PUNCT cjal-3230 150 35 korean korean ADJ cjal-3230 150 36 universities university NOUN cjal-3230 150 37 include include VERB cjal-3230 150 38 seoul seoul PROPN cjal-3230 150 39 national national PROPN cjal-3230 150 40 university university PROPN cjal-3230 150 41 , , PUNCT cjal-3230 150 42 yonsei yonsei PROPN cjal-3230 150 43 university university PROPN cjal-3230 150 44 , , PUNCT cjal-3230 150 45 korea korea PROPN cjal-3230 150 46 university university PROPN cjal-3230 150 47 , , PUNCT cjal-3230 150 48 ewha ewha NOUN cjal-3230 150 49 womans woman NOUN cjal-3230 150 50 university university NOUN cjal-3230 150 51 ( ( PUNCT cjal-3230 150 52 for for ADP cjal-3230 150 53 women woman NOUN cjal-3230 150 54 's 's PART cjal-3230 150 55 college college NOUN cjal-3230 150 56 education education NOUN cjal-3230 150 57 ) ) PUNCT cjal-3230 150 58 , , PUNCT cjal-3230 150 59 and and CCONJ cjal-3230 150 60 kaist kaist NOUN cjal-3230 150 61 ( ( PUNCT cjal-3230 150 62 for for ADP cjal-3230 150 63 science science NOUN cjal-3230 150 64 and and CCONJ cjal-3230 150 65 engineering engineering NOUN cjal-3230 150 66 ) ) PUNCT cjal-3230 150 67 . . PUNCT cjal-3230 151 1 31 31 NUM cjal-3230 152 1 the the DET cjal-3230 152 2 issue issue NOUN cjal-3230 152 3 of of ADP cjal-3230 152 4 social social ADJ cjal-3230 152 5 status status NOUN cjal-3230 152 6 in in ADP cjal-3230 152 7 korea korea PROPN cjal-3230 152 8 is be AUX cjal-3230 152 9 , , PUNCT cjal-3230 152 10 in in ADP cjal-3230 152 11 large large ADJ cjal-3230 152 12 part part NOUN cjal-3230 152 13 , , PUNCT cjal-3230 152 14 determined determine VERB cjal-3230 152 15 by by ADP cjal-3230 152 16 one one PRON cjal-3230 152 17 's 's PART cjal-3230 152 18 age age NOUN cjal-3230 152 19 . . PUNCT cjal-3230 153 1 the the DET cjal-3230 153 2 general general ADJ cjal-3230 153 3 rule rule NOUN cjal-3230 153 4 is be AUX cjal-3230 153 5 that that SCONJ cjal-3230 153 6 the the DET cjal-3230 153 7 person person NOUN cjal-3230 153 8 with with ADP cjal-3230 153 9 the the DET cjal-3230 153 10 most most ADJ cjal-3230 153 11 age age NOUN cjal-3230 153 12 seniority seniority NOUN cjal-3230 153 13 trumps trump VERB cjal-3230 153 14 less less ADV cjal-3230 153 15 senior senior ADJ cjal-3230 153 16 - - PUNCT cjal-3230 153 17 aged aged ADJ cjal-3230 153 18 persons person NOUN cjal-3230 153 19 . . PUNCT cjal-3230 154 1 the the DET cjal-3230 154 2 korean korean ADJ cjal-3230 154 3 language language NOUN cjal-3230 154 4 even even ADV cjal-3230 154 5 goes go VERB cjal-3230 154 6 so so ADV cjal-3230 154 7 far far ADV cjal-3230 154 8 as as SCONJ cjal-3230 154 9 to to PART cjal-3230 154 10 denote denote VERB cjal-3230 154 11 specific specific ADJ cjal-3230 154 12 terms term NOUN cjal-3230 154 13 for for ADP cjal-3230 154 14 persons person NOUN cjal-3230 154 15 who who PRON cjal-3230 154 16 are be AUX cjal-3230 154 17 fellow fellow ADJ cjal-3230 154 18 school school NOUN cjal-3230 154 19 classmates classmate NOUN cjal-3230 154 20 who who PRON cjal-3230 154 21 are be AUX cjal-3230 154 22 of of ADP cjal-3230 154 23 the the DET cjal-3230 154 24 same same ADJ cjal-3230 154 25 age age NOUN cjal-3230 154 26 ( ( PUNCT cjal-3230 154 27 dongchang dongchang PROPN cjal-3230 154 28 , , PUNCT cjal-3230 154 29 or or CCONJ cjal-3230 154 30 -y-3 -y-3 NUM cjal-3230 154 31 , , PUNCT cjal-3230 154 32 older old ADJ cjal-3230 154 33 ( ( PUNCT cjal-3230 154 34 sunbae sunbae NOUN cjal-3230 154 35 , , PUNCT cjal-3230 154 36 or or CCONJ cjal-3230 154 37 ih ih X cjal-3230 154 38 ] ] PUNCT cjal-3230 154 39 ) ) PUNCT cjal-3230 154 40 or or CCONJ cjal-3230 154 41 younger young ADJ cjal-3230 154 42 ( ( PUNCT cjal-3230 154 43 hubae hubae ADJ cjal-3230 154 44 , , PUNCT cjal-3230 154 45 or or CCONJ cjal-3230 154 46 --i --i NOUN cjal-3230 154 47 ) ) PUNCT cjal-3230 154 48 . . PUNCT cjal-3230 155 1 32 32 NUM cjal-3230 155 2 see see VERB cjal-3230 155 3 song song NOUN cjal-3230 155 4 at at ADP cjal-3230 155 5 109 109 NUM cjal-3230 155 6 - - SYM cjal-3230 155 7 113 113 NUM cjal-3230 155 8 . . PUNCT cjal-3230 156 1 33 33 NUM cjal-3230 156 2 the the DET cjal-3230 156 3 national national ADJ cjal-3230 156 4 average average NOUN cjal-3230 156 5 in in ADP cjal-3230 156 6 terms term NOUN cjal-3230 156 7 of of ADP cjal-3230 156 8 money money NOUN cjal-3230 156 9 spent spend VERB cjal-3230 156 10 on on ADP cjal-3230 156 11 tutoring tutoring NOUN cjal-3230 156 12 stood stand VERB cjal-3230 156 13 at at ADP cjal-3230 156 14 239,000 239,000 NUM cjal-3230 156 15 korean korean ADJ cjal-3230 156 16 won won NOUN cjal-3230 156 17 , , PUNCT cjal-3230 156 18 while while SCONJ cjal-3230 156 19 the the DET cjal-3230 156 20 average average NOUN cjal-3230 156 21 was be AUX cjal-3230 156 22 342,000 342,000 NUM cjal-3230 156 23 korean korean NOUN cjal-3230 156 24 won win VERB cjal-3230 156 25 for for ADP cjal-3230 156 26 the the DET cjal-3230 156 27 city city NOUN cjal-3230 156 28 of of ADP cjal-3230 156 29 seoul seoul PROPN cjal-3230 156 30 . . PUNCT cjal-3230 157 1 i i PRON cjal-3230 157 2 d. d. PROPN cjal-3230 157 3 34 34 NUM cjal-3230 157 4 the the DET cjal-3230 157 5 use use NOUN cjal-3230 157 6 of of ADP cjal-3230 157 7 private private ADJ cjal-3230 157 8 tutoring tutoring NOUN cjal-3230 157 9 to to PART cjal-3230 157 10 supplement supplement VERB cjal-3230 157 11 primary primary ADJ cjal-3230 157 12 and and CCONJ cjal-3230 157 13 secondary secondary ADJ cjal-3230 157 14 school school NOUN cjal-3230 157 15 education education NOUN cjal-3230 157 16 in in ADP cjal-3230 157 17 korea korea PROPN cjal-3230 157 18 is be AUX cjal-3230 157 19 widely widely ADV cjal-3230 157 20 accepted accept VERB cjal-3230 157 21 and and CCONJ cjal-3230 157 22 done do VERB cjal-3230 157 23 . . PUNCT cjal-3230 158 1 such such ADJ cjal-3230 158 2 private private ADJ cjal-3230 158 3 institutes institute NOUN cjal-3230 158 4 , , PUNCT cjal-3230 158 5 or or CCONJ cjal-3230 158 6 hagwon hagwon PROPN cjal-3230 158 7 ( ( PUNCT cjal-3230 158 8 4 4 NUM cjal-3230 158 9 - - SYM cjal-3230 158 10 tl tl X cjal-3230 158 11 ) ) PUNCT cjal-3230 158 12 can can AUX cjal-3230 158 13 be be AUX cjal-3230 158 14 seen see VERB cjal-3230 158 15 throughout throughout ADP cjal-3230 158 16 every every DET cjal-3230 158 17 urban urban ADJ cjal-3230 158 18 area area NOUN cjal-3230 158 19 of of ADP cjal-3230 158 20 korea korea PROPN cjal-3230 158 21 . . PUNCT cjal-3230 159 1 each each DET cjal-3230 159 2 institute institute NOUN cjal-3230 159 3 typically typically ADV cjal-3230 159 4 concentrates concentrate VERB cjal-3230 159 5 on on ADP cjal-3230 159 6 specific specific ADJ cjal-3230 159 7 subjects subject NOUN cjal-3230 159 8 such such ADJ cjal-3230 159 9 as as ADP cjal-3230 159 10 english english PROPN cjal-3230 159 11 , , PUNCT cjal-3230 159 12 math math NOUN cjal-3230 159 13 , , PUNCT cjal-3230 159 14 science science NOUN cjal-3230 159 15 , , PUNCT cjal-3230 159 16 and and CCONJ cjal-3230 159 17 art art NOUN cjal-3230 159 18 . . PUNCT cjal-3230 160 1 students student NOUN cjal-3230 160 2 attend attend VERB cjal-3230 160 3 the the DET cjal-3230 160 4 private private ADJ cjal-3230 160 5 institutes institute NOUN cjal-3230 160 6 either either CCONJ cjal-3230 160 7 before before ADP cjal-3230 160 8 or or CCONJ cjal-3230 160 9 after after ADP cjal-3230 160 10 their their PRON cjal-3230 160 11 normal normal ADJ cjal-3230 160 12 school school NOUN cjal-3230 160 13 hours hour NOUN cjal-3230 160 14 . . PUNCT cjal-3230 161 1 the the DET cjal-3230 161 2 use use NOUN cjal-3230 161 3 of of ADP cjal-3230 161 4 such such ADJ cjal-3230 161 5 private private ADJ cjal-3230 161 6 institutes institute NOUN cjal-3230 161 7 is be AUX cjal-3230 161 8 prevalent prevalent ADJ cjal-3230 161 9 because because SCONJ cjal-3230 161 10 parents parent NOUN cjal-3230 161 11 believe believe VERB cjal-3230 161 12 that that SCONJ cjal-3230 161 13 receiving receive VERB cjal-3230 161 14 such such ADJ cjal-3230 161 15 additional additional ADJ cjal-3230 161 16 education education NOUN cjal-3230 161 17 , , PUNCT cjal-3230 161 18 albeit albeit SCONJ cjal-3230 161 19 with with ADP cjal-3230 161 20 the the DET cjal-3230 161 21 added add VERB cjal-3230 161 22 costs cost NOUN cjal-3230 161 23 , , PUNCT cjal-3230 161 24 will will AUX cjal-3230 161 25 increase increase VERB cjal-3230 161 26 the the DET cjal-3230 161 27 chances chance NOUN cjal-3230 161 28 of of ADP cjal-3230 161 29 having have VERB cjal-3230 161 30 their their PRON cjal-3230 161 31 children child NOUN cjal-3230 161 32 get get AUX cjal-3230 161 33 accepted accept VERB cjal-3230 161 34 by by ADP cjal-3230 161 35 a a DET cjal-3230 161 36 " " PUNCT cjal-3230 161 37 top top ADJ cjal-3230 161 38 " " PUNCT cjal-3230 161 39 university university NOUN cjal-3230 161 40 . . PUNCT cjal-3230 162 1 35 35 NUM cjal-3230 162 2 yong yong PROPN cjal-3230 162 3 - - PUNCT cjal-3230 162 4 shik shik PROPN cjal-3230 162 5 choe choe PROPN cjal-3230 162 6 , , PUNCT cjal-3230 162 7 kangnam kangnam VERB cjal-3230 162 8 residents resident NOUN cjal-3230 162 9 spend spend VERB cjal-3230 162 10 2.6 2.6 NUM cjal-3230 162 11 times time NOUN cjal-3230 162 12 more more ADJ cjal-3230 162 13 on on ADP cjal-3230 162 14 tutoring tutoring NOUN cjal-3230 162 15 , , PUNCT cjal-3230 162 16 november november PROPN cjal-3230 162 17 10 10 NUM cjal-3230 162 18 , , PUNCT cjal-3230 162 19 2003 2003 NUM cjal-3230 162 20 korea korea PROPN cjal-3230 162 21 herald herald PROPN cjal-3230 162 22 , , PUNCT cjal-3230 162 23 publication publication NOUN cjal-3230 162 24 no no INTJ cjal-3230 162 25 . . PROPN cjal-3230 162 26 15,560 15,560 NUM cjal-3230 162 27 , , PUNCT cjal-3230 162 28 at at ADP cjal-3230 162 29 3 3 NUM cjal-3230 162 30 [ [ X cjal-3230 162 31 hereinafter hereinafter NOUN cjal-3230 162 32 choe choe PROPN cjal-3230 162 33 ] ] PUNCT cjal-3230 162 34 the the DET cjal-3230 162 35 cited cite VERB cjal-3230 162 36 statistics statistic NOUN cjal-3230 162 37 in in ADP cjal-3230 162 38 the the DET cjal-3230 162 39 article article NOUN cjal-3230 162 40 are be AUX cjal-3230 162 41 based base VERB cjal-3230 162 42 on on ADP cjal-3230 162 43 findings finding NOUN cjal-3230 162 44 from from ADP cjal-3230 162 45 a a DET cjal-3230 162 46 recent recent ADJ cjal-3230 162 47 survey survey NOUN cjal-3230 162 48 by by ADP cjal-3230 162 49 the the DET cjal-3230 162 50 korea korea PROPN cjal-3230 162 51 labor labor PROPN cjal-3230 162 52 institute institute PROPN cjal-3230 162 53 , , PUNCT cjal-3230 162 54 which which PRON cjal-3230 162 55 polled poll VERB cjal-3230 162 56 a a DET cjal-3230 162 57 sample sample NOUN cjal-3230 162 58 of of ADP cjal-3230 162 59 5,000 5,000 NUM cjal-3230 162 60 households household NOUN cjal-3230 162 61 , , PUNCT cjal-3230 162 62 with with ADP cjal-3230 162 63 consisted consist VERB cjal-3230 162 64 of of ADP cjal-3230 162 65 more more ADJ cjal-3230 162 66 than than ADP cjal-3230 162 67 13,000 13,000 NUM cjal-3230 162 68 people people NOUN cjal-3230 162 69 . . PUNCT cjal-3230 163 1 i i PRON cjal-3230 163 2 d. d. PROPN cjal-3230 163 3 36 36 NUM cjal-3230 163 4 the the DET cjal-3230 163 5 korean korean PROPN cjal-3230 163 6 won win VERB cjal-3230 163 7 is be AUX cjal-3230 163 8 the the DET cjal-3230 163 9 local local ADJ cjal-3230 163 10 currency currency NOUN cjal-3230 163 11 for for ADP cjal-3230 163 12 the the DET cjal-3230 163 13 republic republic NOUN cjal-3230 163 14 of of ADP cjal-3230 163 15 korea korea PROPN cjal-3230 163 16 , , PUNCT cjal-3230 163 17 and and CCONJ cjal-3230 163 18 may may AUX cjal-3230 163 19 also also ADV cjal-3230 163 20 be be AUX cjal-3230 163 21 referred refer VERB cjal-3230 163 22 to to ADP cjal-3230 163 23 as as SCONJ cjal-3230 163 24 " " PUNCT cjal-3230 163 25 won win VERB cjal-3230 163 26 " " PUNCT cjal-3230 163 27 or or CCONJ cjal-3230 163 28 " " PUNCT cjal-3230 163 29 krw krw PROPN cjal-3230 163 30 " " PUNCT cjal-3230 163 31 . . PUNCT cjal-3230 164 1 for for ADP cjal-3230 164 2 purposes purpose NOUN cjal-3230 164 3 of of ADP cjal-3230 164 4 quantitative quantitative ADJ cjal-3230 164 5 simplicity simplicity NOUN cjal-3230 164 6 , , PUNCT cjal-3230 164 7 we we PRON cjal-3230 164 8 will will AUX cjal-3230 164 9 assume assume VERB cjal-3230 164 10 that that SCONJ cjal-3230 164 11 1 1 NUM cjal-3230 164 12 u.s u.s PROPN cjal-3230 164 13 . . PROPN cjal-3230 164 14 dollar dollar NOUN cjal-3230 164 15 ( ( PUNCT cjal-3230 164 16 " " PUNCT cjal-3230 164 17 usd usd NOUN cjal-3230 164 18 " " PUNCT cjal-3230 164 19 ) ) PUNCT cjal-3230 164 20 equals equal VERB cjal-3230 164 21 1200 1200 NUM cjal-3230 164 22 krw krw NOUN cjal-3230 164 23 . . PUNCT cjal-3230 165 1 37 37 NUM cjal-3230 166 1 i i PRON cjal-3230 166 2 d. d. PROPN cjal-3230 166 3 38 38 NUM cjal-3230 167 1 i i PRON cjal-3230 167 2 d. d. PROPN cjal-3230 168 1 [ [ X cjal-3230 168 2 18:1 18:1 NUM cjal-3230 168 3 anti anti ADJ cjal-3230 168 4 - - ADJ cjal-3230 168 5 specula specula ADJ cjal-3230 168 6 tion tion NOUN cjal-3230 168 7 laws law NOUN cjal-3230 168 8 and and CCONJ cjal-3230 168 9 their their PRON cjal-3230 168 10 impact impact NOUN cjal-3230 168 11 of of ADP cjal-3230 168 12 the the DET cjal-3230 168 13 han han PROPN cjal-3230 168 14 river river PROPN cjal-3230 168 15 ) ) PUNCT cjal-3230 168 16 . . PUNCT cjal-3230 169 1 in in ADP cjal-3230 169 2 the the DET cjal-3230 169 3 kangbuk kangbuk NOUN cjal-3230 169 4 area area NOUN cjal-3230 169 5 , , PUNCT cjal-3230 169 6 most most ADJ cjal-3230 169 7 commercial commercial ADJ cjal-3230 169 8 activity activity NOUN cjal-3230 169 9 exists exist VERB cjal-3230 169 10 in in ADP cjal-3230 169 11 one one NUM cjal-3230 169 12 of of ADP cjal-3230 169 13 two two NUM cjal-3230 169 14 areas area NOUN cjal-3230 169 15 : : PUNCT cjal-3230 169 16 the the DET cjal-3230 169 17 " " PUNCT cjal-3230 169 18 city city NOUN cjal-3230 169 19 hall hall NOUN cjal-3230 169 20 " " PUNCT cjal-3230 169 21 ( ( PUNCT cjal-3230 169 22 shi shi PROPN cjal-3230 169 23 - - PUNCT cjal-3230 169 24 chung chung PROPN cjal-3230 169 25 ) ) PUNCT cjal-3230 169 26 area area NOUN cjal-3230 169 27 ( ( PUNCT cjal-3230 169 28 which which PRON cjal-3230 169 29 has have VERB cjal-3230 169 30 one one NUM cjal-3230 169 31 of of ADP cjal-3230 169 32 the the DET cjal-3230 169 33 most most ADV cjal-3230 169 34 concentrated concentrated ADJ cjal-3230 169 35 areas area NOUN cjal-3230 169 36 of of ADP cjal-3230 169 37 private private ADJ cjal-3230 169 38 businesses business NOUN cjal-3230 169 39 and and CCONJ cjal-3230 169 40 government government NOUN cjal-3230 169 41 offices office NOUN cjal-3230 169 42 , , PUNCT cjal-3230 169 43 including include VERB cjal-3230 169 44 many many ADJ cjal-3230 169 45 foreign foreign ADJ cjal-3230 169 46 firms39 firms39 NOUN cjal-3230 169 47 ) ) PUNCT cjal-3230 169 48 and and CCONJ cjal-3230 169 49 the the DET cjal-3230 169 50 yoi yoi PROPN cjal-3230 169 51 - - PUNCT cjal-3230 169 52 do do NOUN cjal-3230 169 53 area area NOUN cjal-3230 169 54 , , PUNCT cjal-3230 169 55 which which PRON cjal-3230 169 56 is be AUX cjal-3230 169 57 referred refer VERB cjal-3230 169 58 to to ADP cjal-3230 169 59 by by ADP cjal-3230 169 60 some some PRON cjal-3230 169 61 as as ADP cjal-3230 169 62 the the DET cjal-3230 169 63 " " PUNCT cjal-3230 169 64 manhattan manhattan NOUN cjal-3230 169 65 " " PUNCT cjal-3230 169 66 of of ADP cjal-3230 169 67 korea korea PROPN cjal-3230 169 68 . . PUNCT cjal-3230 169 69 " " PUNCT cjal-3230 170 1 however however ADV cjal-3230 170 2 , , PUNCT cjal-3230 170 3 the the DET cjal-3230 170 4 increasing increase VERB cjal-3230 170 5 recent recent ADJ cjal-3230 170 6 trend trend NOUN cjal-3230 170 7 is be AUX cjal-3230 170 8 to to PART cjal-3230 170 9 have have VERB cjal-3230 170 10 one one NUM cjal-3230 170 11 's 's PART cjal-3230 170 12 business business NOUN cjal-3230 170 13 locations location NOUN cjal-3230 170 14 in in ADP cjal-3230 170 15 the the DET cjal-3230 170 16 kangnam kangnam PROPN cjal-3230 170 17 area area NOUN cjal-3230 170 18 , , PUNCT cjal-3230 170 19 most most ADV cjal-3230 170 20 notably notably ADV cjal-3230 170 21 in in ADP cjal-3230 170 22 the the DET cjal-3230 170 23 three three NUM cjal-3230 170 24 areas area NOUN cjal-3230 170 25 of of ADP cjal-3230 170 26 yeoksam yeoksam NOUN cjal-3230 170 27 - - PUNCT cjal-3230 170 28 dong dong NOUN cjal-3230 170 29 , , PUNCT cjal-3230 170 30 kangnam kangnam NOUN cjal-3230 170 31 station station NOUN cjal-3230 170 32 , , PUNCT cjal-3230 170 33 and and CCONJ cjal-3230 170 34 apkujung apkujung NOUN cjal-3230 170 35 - - PUNCT cjal-3230 170 36 dong dong NOUN cjal-3230 170 37 . . PUNCT cjal-3230 170 38 ' ' PUNCT cjal-3230 171 1 apart apart ADV cjal-3230 171 2 from from ADP cjal-3230 171 3 the the DET cjal-3230 171 4 distance distance NOUN cjal-3230 171 5 from from ADP cjal-3230 171 6 work work NOUN cjal-3230 171 7 , , PUNCT cjal-3230 171 8 the the DET cjal-3230 171 9 urban urban ADJ cjal-3230 171 10 planning planning NOUN cjal-3230 171 11 that that PRON cjal-3230 171 12 links link VERB cjal-3230 171 13 many many ADJ cjal-3230 171 14 people people NOUN cjal-3230 171 15 living live VERB cjal-3230 171 16 in in ADP cjal-3230 171 17 the the DET cjal-3230 171 18 kangnam kangnam PROPN cjal-3230 171 19 area area NOUN cjal-3230 171 20 could could AUX cjal-3230 171 21 also also ADV cjal-3230 171 22 play play VERB cjal-3230 171 23 a a DET cjal-3230 171 24 factor factor NOUN cjal-3230 171 25 , , PUNCT cjal-3230 171 26 especially especially ADV cjal-3230 171 27 as as SCONJ cjal-3230 171 28 it it PRON cjal-3230 171 29 relates relate VERB cjal-3230 171 30 to to ADP cjal-3230 171 31 commuting commute VERB cjal-3230 171 32 to to AUX cjal-3230 171 33 work work VERB cjal-3230 171 34 by by ADP cjal-3230 171 35 car car NOUN cjal-3230 171 36 . . PUNCT cjal-3230 172 1 specifically specifically ADV cjal-3230 172 2 , , PUNCT cjal-3230 172 3 the the DET cjal-3230 172 4 urban urban ADJ cjal-3230 172 5 planning planning NOUN cjal-3230 172 6 structure structure NOUN cjal-3230 172 7 between between ADP cjal-3230 172 8 the the DET cjal-3230 172 9 kangbuk kangbuk NOUN cjal-3230 172 10 and and CCONJ cjal-3230 172 11 kangnam kangnam NOUN cjal-3230 172 12 areas area NOUN cjal-3230 172 13 differ differ VERB cjal-3230 172 14 in in ADP cjal-3230 172 15 that that PRON cjal-3230 172 16 , , PUNCT cjal-3230 172 17 unlike unlike ADP cjal-3230 172 18 the the DET cjal-3230 172 19 kangbuk kangbuk NOUN cjal-3230 172 20 area area NOUN cjal-3230 172 21 , , PUNCT cjal-3230 172 22 the the DET cjal-3230 172 23 kangnam kangnam PROPN cjal-3230 172 24 area area NOUN cjal-3230 172 25 is be AUX cjal-3230 172 26 largely largely ADV cjal-3230 172 27 arranged arrange VERB cjal-3230 172 28 in in ADP cjal-3230 172 29 a a DET cjal-3230 172 30 grid grid NOUN cjal-3230 172 31 - - PUNCT cjal-3230 172 32 like like ADJ cjal-3230 172 33 fashion fashion NOUN cjal-3230 172 34 , , PUNCT cjal-3230 172 35 making make VERB cjal-3230 172 36 commuting commute VERB cjal-3230 172 37 much much ADV cjal-3230 172 38 more more ADV cjal-3230 172 39 efficient efficient ADJ cjal-3230 172 40 , , PUNCT cjal-3230 172 41 tolerable tolerable ADJ cjal-3230 172 42 , , PUNCT cjal-3230 172 43 and and CCONJ cjal-3230 172 44 most most ADV cjal-3230 172 45 importantly importantly ADV cjal-3230 172 46 , , PUNCT cjal-3230 172 47 faster fast ADV cjal-3230 172 48 . . PUNCT cjal-3230 173 1 given give VERB cjal-3230 173 2 that that SCONJ cjal-3230 173 3 korea korea PROPN cjal-3230 173 4 has have AUX cjal-3230 173 5 a a DET cjal-3230 173 6 relatively relatively ADV cjal-3230 173 7 long long ADJ cjal-3230 173 8 work work NOUN cjal-3230 173 9 - - PUNCT cjal-3230 173 10 week week NOUN cjal-3230 173 11 relative relative NOUN cjal-3230 173 12 to to ADP cjal-3230 173 13 other other ADJ cjal-3230 173 14 industrialized industrialize VERB cjal-3230 173 15 nations nation NOUN cjal-3230 173 16 , , PUNCT cjal-3230 173 17 42 42 NUM cjal-3230 173 18 with with ADP cjal-3230 173 19 many many ADJ cjal-3230 173 20 often often ADV cjal-3230 173 21 working work VERB cjal-3230 173 22 a a DET cjal-3230 173 23 six six NUM cjal-3230 173 24 - - PUNCT cjal-3230 173 25 day day NOUN cjal-3230 173 26 week week NOUN cjal-3230 173 27 , , PUNCT cjal-3230 173 28 3 3 NUM cjal-3230 173 29 any any DET cjal-3230 173 30 significant significant ADJ cjal-3230 173 31 reduction reduction NOUN cjal-3230 173 32 in in ADP cjal-3230 173 33 commuting commuting NOUN cjal-3230 173 34 time time NOUN cjal-3230 173 35 saved save VERB cjal-3230 173 36 can can AUX cjal-3230 173 37 be be AUX cjal-3230 173 38 value value NOUN cjal-3230 173 39 - - PUNCT cjal-3230 173 40 added add VERB cjal-3230 173 41 . . PUNCT cjal-3230 174 1 this this PRON cjal-3230 174 2 can can AUX cjal-3230 174 3 therefore therefore ADV cjal-3230 174 4 play play VERB cjal-3230 174 5 a a DET cjal-3230 174 6 very very ADV cjal-3230 174 7 large large ADJ cjal-3230 174 8 factor factor NOUN cjal-3230 174 9 in in ADP cjal-3230 174 10 deciding decide VERB cjal-3230 174 11 where where SCONJ cjal-3230 174 12 to to PART cjal-3230 174 13 invest invest VERB cjal-3230 174 14 money money NOUN cjal-3230 174 15 towards towards ADP cjal-3230 174 16 real real ADJ cjal-3230 174 17 estate estate NOUN cjal-3230 174 18 property property NOUN cjal-3230 174 19 . . PUNCT cjal-3230 175 1 the the DET cjal-3230 175 2 fourth fourth ADJ cjal-3230 175 3 factor factor NOUN cjal-3230 175 4 behind behind ADP cjal-3230 175 5 the the DET cjal-3230 175 6 recent recent ADJ cjal-3230 175 7 upward upward ADJ cjal-3230 175 8 trend trend NOUN cjal-3230 175 9 in in ADP cjal-3230 175 10 kangnam kangnam NOUN cjal-3230 175 11 real real ADJ cjal-3230 175 12 estate estate NOUN cjal-3230 175 13 prices price NOUN cjal-3230 175 14 is be AUX cjal-3230 175 15 the the DET cjal-3230 175 16 pursuit pursuit NOUN cjal-3230 175 17 of of ADP cjal-3230 175 18 a a DET cjal-3230 175 19 cleaner clean ADJ cjal-3230 175 20 and and CCONJ cjal-3230 175 21 healthier healthy ADJ cjal-3230 175 22 overall overall ADJ cjal-3230 175 23 living live VERB cjal-3230 175 24 environment environment NOUN cjal-3230 175 25 relative relative ADJ cjal-3230 175 26 to to ADP cjal-3230 175 27 the the DET cjal-3230 175 28 kangbuk kangbuk NOUN cjal-3230 175 29 area area NOUN cjal-3230 175 30 . . PUNCT cjal-3230 175 31 " " PUNCT cjal-3230 176 1 at at ADP cjal-3230 176 2 first first ADJ cjal-3230 176 3 instance instance NOUN cjal-3230 176 4 , , PUNCT cjal-3230 176 5 this this PRON cjal-3230 176 6 may may AUX cjal-3230 176 7 seem seem VERB cjal-3230 176 8 like like ADP cjal-3230 176 9 an an DET cjal-3230 176 10 unusual unusual ADJ cjal-3230 176 11 motivating motivating NOUN cjal-3230 176 12 factor factor NOUN cjal-3230 176 13 . . PUNCT cjal-3230 177 1 but but CCONJ cjal-3230 177 2 from from ADP cjal-3230 177 3 a a DET cjal-3230 177 4 korean korean ADJ cjal-3230 177 5 perspective perspective NOUN cjal-3230 177 6 , , PUNCT cjal-3230 177 7 living live VERB cjal-3230 177 8 or or CCONJ cjal-3230 177 9 working work VERB cjal-3230 177 10 in in ADP cjal-3230 177 11 the the DET cjal-3230 177 12 kangnam kangnam NOUN cjal-3230 177 13 area area NOUN cjal-3230 177 14 is be AUX cjal-3230 177 15 seen see VERB cjal-3230 177 16 as as ADP cjal-3230 177 17 having have VERB cjal-3230 177 18 a a DET cjal-3230 177 19 cleaner clean ADJ cjal-3230 177 20 , , PUNCT cjal-3230 177 21 more more ADJ cjal-3230 177 22 39 39 NUM cjal-3230 177 23 foreign foreign ADJ cjal-3230 177 24 firms firm NOUN cjal-3230 177 25 such such ADJ cjal-3230 177 26 as as ADP cjal-3230 177 27 goldman goldman PROPN cjal-3230 177 28 sachs sachs PROPN cjal-3230 177 29 , , PUNCT cjal-3230 177 30 lehman lehman PROPN cjal-3230 177 31 brothers brothers PROPN cjal-3230 177 32 , , PUNCT cjal-3230 177 33 morgan morgan PROPN cjal-3230 177 34 stanley stanley PROPN cjal-3230 177 35 , , PUNCT cjal-3230 177 36 and and CCONJ cjal-3230 177 37 mckinsey mckinsey NOUN cjal-3230 177 38 consulting consult VERB cjal-3230 177 39 all all ADV cjal-3230 177 40 have have VERB cjal-3230 177 41 their their PRON cjal-3230 177 42 seoul seoul PROPN cjal-3230 177 43 operations operation NOUN cjal-3230 177 44 based base VERB cjal-3230 177 45 in in ADP cjal-3230 177 46 the the DET cjal-3230 177 47 city city NOUN cjal-3230 177 48 hall hall NOUN cjal-3230 177 49 ( ( PUNCT cjal-3230 177 50 shi shi PROPN cjal-3230 177 51 - - PUNCT cjal-3230 177 52 chung chung VERB cjal-3230 177 53 ) ) PUNCT cjal-3230 177 54 area area NOUN cjal-3230 177 55 . . PUNCT cjal-3230 178 1 40 40 NUM cjal-3230 178 2 the the DET cjal-3230 178 3 " " PUNCT cjal-3230 178 4 manhattan manhattan PROPN cjal-3230 178 5 " " PUNCT cjal-3230 178 6 of of ADP cjal-3230 178 7 korea korea PROPN cjal-3230 178 8 expression expression NOUN cjal-3230 178 9 is be AUX cjal-3230 178 10 derived derive VERB cjal-3230 178 11 from from ADP cjal-3230 178 12 the the DET cjal-3230 178 13 fact fact NOUN cjal-3230 178 14 that that SCONJ cjal-3230 178 15 yoi yoi PROPN cjal-3230 178 16 - - PUNCT cjal-3230 178 17 do do PROPN cjal-3230 178 18 is be AUX cjal-3230 178 19 a a DET cjal-3230 178 20 small small ADJ cjal-3230 178 21 and and CCONJ cjal-3230 178 22 separate separate ADJ cjal-3230 178 23 island island NOUN cjal-3230 178 24 that that PRON cjal-3230 178 25 is be AUX cjal-3230 178 26 built build VERB cjal-3230 178 27 upon upon SCONJ cjal-3230 178 28 a a DET cjal-3230 178 29 grid grid NOUN cjal-3230 178 30 - - PUNCT cjal-3230 178 31 like like ADJ cjal-3230 178 32 urban urban ADJ cjal-3230 178 33 planning planning NOUN cjal-3230 178 34 structure structure NOUN cjal-3230 178 35 , , PUNCT cjal-3230 178 36 mostly mostly ADV cjal-3230 178 37 comprised comprise VERB cjal-3230 178 38 of of ADP cjal-3230 178 39 domestic domestic ADJ cjal-3230 178 40 and and CCONJ cjal-3230 178 41 foreign foreign ADJ cjal-3230 178 42 financial financial ADJ cjal-3230 178 43 firms firm NOUN cjal-3230 178 44 , , PUNCT cjal-3230 178 45 much much ADJ cjal-3230 178 46 in in ADP cjal-3230 178 47 the the DET cjal-3230 178 48 same same ADJ cjal-3230 178 49 way way NOUN cjal-3230 178 50 as as ADP cjal-3230 178 51 the the DET cjal-3230 178 52 island island NOUN cjal-3230 178 53 of of ADP cjal-3230 178 54 manhattan manhattan PROPN cjal-3230 178 55 . . PUNCT cjal-3230 179 1 41 41 NUM cjal-3230 179 2 the the DET cjal-3230 179 3 yeoksam yeoksam NOUN cjal-3230 179 4 - - PUNCT cjal-3230 179 5 dong dong PROPN cjal-3230 179 6 area area NOUN cjal-3230 179 7 is be AUX cjal-3230 179 8 perhaps perhaps ADV cjal-3230 179 9 the the DET cjal-3230 179 10 newest new ADJ cjal-3230 179 11 commercial commercial ADJ cjal-3230 179 12 development development NOUN cjal-3230 179 13 area area NOUN cjal-3230 179 14 in in ADP cjal-3230 179 15 the the DET cjal-3230 179 16 kangnam kangnam PROPN cjal-3230 179 17 area area NOUN cjal-3230 179 18 , , PUNCT cjal-3230 179 19 which which PRON cjal-3230 179 20 is be AUX cjal-3230 179 21 where where SCONJ cjal-3230 179 22 the the DET cjal-3230 179 23 locally locally ADV cjal-3230 179 24 famous famous ADJ cjal-3230 179 25 star star NOUN cjal-3230 179 26 building building NOUN cjal-3230 179 27 is be AUX cjal-3230 179 28 located locate VERB cjal-3230 179 29 , , PUNCT cjal-3230 179 30 owned own VERB cjal-3230 179 31 and and CCONJ cjal-3230 179 32 named name VERB cjal-3230 179 33 after after ADP cjal-3230 179 34 its its PRON cjal-3230 179 35 owner owner NOUN cjal-3230 179 36 company company NOUN cjal-3230 179 37 , , PUNCT cjal-3230 179 38 the the DET cjal-3230 179 39 lonestar lonestar PROPN cjal-3230 179 40 fund fund PROPN cjal-3230 179 41 ( ( PUNCT cjal-3230 179 42 a a DET cjal-3230 179 43 private private ADJ cjal-3230 179 44 - - PUNCT cjal-3230 179 45 equity equity NOUN cjal-3230 179 46 firm firm NOUN cjal-3230 179 47 based base VERB cjal-3230 179 48 in in ADP cjal-3230 179 49 texas texas PROPN cjal-3230 179 50 ) ) PUNCT cjal-3230 179 51 . . PUNCT cjal-3230 180 1 the the DET cjal-3230 180 2 kangnam kangnam PROPN cjal-3230 180 3 station station NOUN cjal-3230 180 4 and and CCONJ cjal-3230 180 5 a a DET cjal-3230 180 6 pku pku ADJ cjal-3230 180 7 - - PUNCT cjal-3230 180 8 jung jung NOUN cjal-3230 180 9 area area NOUN cjal-3230 180 10 is be AUX cjal-3230 180 11 also also ADV cjal-3230 180 12 viewed view VERB cjal-3230 180 13 as as ADP cjal-3230 180 14 highly highly ADV cjal-3230 180 15 affluent affluent ADJ cjal-3230 180 16 and and CCONJ cjal-3230 180 17 attractive attractive ADJ cjal-3230 180 18 commercial commercial ADJ cjal-3230 180 19 and and CCONJ cjal-3230 180 20 residential residential ADJ cjal-3230 180 21 areas area NOUN cjal-3230 180 22 . . PUNCT cjal-3230 181 1 korea korea PROPN cjal-3230 181 2 has have VERB cjal-3230 181 3 an an DET cjal-3230 181 4 average average ADJ cjal-3230 181 5 workweek workweek NOUN cjal-3230 181 6 of of ADP cjal-3230 181 7 over over ADP cjal-3230 181 8 48.3 48.3 NUM cjal-3230 181 9 hours hour NOUN cjal-3230 181 10 per per ADP cjal-3230 181 11 week week NOUN cjal-3230 181 12 . . PUNCT cjal-3230 182 1 an an DET cjal-3230 182 2 average average ADJ cjal-3230 182 3 working working NOUN cjal-3230 182 4 hour hour NOUN cjal-3230 182 5 per per ADP cjal-3230 182 6 week week NOUN cjal-3230 182 7 in in ADP cjal-3230 182 8 the the DET cjal-3230 182 9 manufacturing manufacturing NOUN cjal-3230 182 10 sector sector NOUN cjal-3230 182 11 is be AUX cjal-3230 182 12 48.3 48.3 NUM cjal-3230 182 13 hours hour NOUN cjal-3230 182 14 per per ADP cjal-3230 182 15 week week NOUN cjal-3230 182 16 in in ADP cjal-3230 182 17 2001 2001 NUM cjal-3230 182 18 . . PUNCT cjal-3230 183 1 see see VERB cjal-3230 183 2 international international ADJ cjal-3230 183 3 labor labor NOUN cjal-3230 183 4 organization organization NOUN cjal-3230 183 5 : : PUNCT cjal-3230 183 6 yearbook yearbook NOUN cjal-3230 183 7 of of ADP cjal-3230 183 8 labor labor NOUN cjal-3230 183 9 statistics statistic NOUN cjal-3230 183 10 , , PUNCT cjal-3230 183 11 available available ADJ cjal-3230 183 12 at at ADP cjal-3230 183 13 http://laborsta.ilo.orgt/cci-bin/brokerv8.exe http://laborsta.ilo.orgt/cci-bin/brokerv8.exe PUNCT cjal-3230 183 14 ( ( PUNCT cjal-3230 183 15 select select ADJ cjal-3230 183 16 periodical periodical ADJ cjal-3230 183 17 data datum NOUN cjal-3230 183 18 , , PUNCT cjal-3230 183 19 country country NOUN cjal-3230 183 20 , , PUNCT cjal-3230 183 21 type type NOUN cjal-3230 183 22 of of ADP cjal-3230 183 23 tables table NOUN cjal-3230 183 24 , , PUNCT cjal-3230 183 25 relevant relevant ADJ cjal-3230 183 26 first first ADJ cjal-3230 183 27 year year NOUN cjal-3230 183 28 and and CCONJ cjal-3230 183 29 last last ADJ cjal-3230 183 30 year year NOUN cjal-3230 183 31 , , PUNCT cjal-3230 183 32 and and CCONJ cjal-3230 183 33 click click VERB cjal-3230 183 34 on on ADP cjal-3230 183 35 view view NOUN cjal-3230 183 36 b6 b6 NOUN cjal-3230 183 37 in in ADP cjal-3230 183 38 " " PUNCT cjal-3230 183 39 your your PRON cjal-3230 183 40 data data NOUN cjal-3230 183 41 selection selection NOUN cjal-3230 183 42 " " PUNCT cjal-3230 183 43 ) ) PUNCT cjal-3230 183 44 . . PUNCT cjal-3230 184 1 43 43 NUM cjal-3230 184 2 recent recent ADJ cjal-3230 184 3 legislative legislative ADJ cjal-3230 184 4 efforts effort NOUN cjal-3230 184 5 , , PUNCT cjal-3230 184 6 however however ADV cjal-3230 184 7 , , PUNCT cjal-3230 184 8 have have AUX cjal-3230 184 9 been be AUX cjal-3230 184 10 initiated initiate VERB cjal-3230 184 11 to to PART cjal-3230 184 12 curb curb VERB cjal-3230 184 13 the the DET cjal-3230 184 14 predominant predominant ADJ cjal-3230 184 15 six six NUM cjal-3230 184 16 - - PUNCT cjal-3230 184 17 day day NOUN cjal-3230 184 18 workweek workweek NOUN cjal-3230 184 19 to to ADP cjal-3230 184 20 a a DET cjal-3230 184 21 five five NUM cjal-3230 184 22 - - PUNCT cjal-3230 184 23 day day NOUN cjal-3230 184 24 workweek workweek NOUN cjal-3230 184 25 . . PUNCT cjal-3230 185 1 although although SCONJ cjal-3230 185 2 this this DET cjal-3230 185 3 effort effort NOUN cjal-3230 185 4 has have AUX cjal-3230 185 5 met meet VERB cjal-3230 185 6 some some DET cjal-3230 185 7 resistance resistance NOUN cjal-3230 185 8 , , PUNCT cjal-3230 185 9 it it PRON cjal-3230 185 10 is be AUX cjal-3230 185 11 nonetheless nonetheless ADV cjal-3230 185 12 in in ADP cjal-3230 185 13 process process NOUN cjal-3230 185 14 of of ADP cjal-3230 185 15 finalization finalization NOUN cjal-3230 185 16 . . PUNCT cjal-3230 186 1 " " PUNCT cjal-3230 186 2 see see VERB cjal-3230 186 3 se se PROPN cjal-3230 186 4 - - PROPN cjal-3230 186 5 jun jun PROPN cjal-3230 186 6 kang kang PROPN cjal-3230 186 7 , , PUNCT cjal-3230 186 8 ' ' PUNCT cjal-3230 186 9 -4 -4 INTJ cjal-3230 186 10 , , PUNCT cjal-3230 186 11 _ _ PUNCT cjal-3230 186 12 - - PUNCT cjal-3230 186 13 .. .. PUNCT cjal-3230 186 14 56 56 NUM cjal-3230 186 15 % % NOUN cjal-3230 186 16 " " PUNCT cjal-3230 186 17 r r NOUN cjal-3230 186 18 -- -- PUNCT cjal-3230 186 19 p p NOUN cjal-3230 186 20 - - PUNCT cjal-3230 186 21 t11 t11 NOUN cjal-3230 186 22 74'f 74'f NUM cjal-3230 186 23 ' ' NOUN cjal-3230 186 24 ! ! PUNCT cjal-3230 187 1 w w NOUN cjal-3230 187 2 , , PUNCT cjal-3230 187 3 " " PUNCT cjal-3230 187 4 56 56 NUM cjal-3230 187 5 % % NOUN cjal-3230 187 6 of of ADP cjal-3230 187 7 parents parent NOUN cjal-3230 187 8 who who PRON cjal-3230 187 9 have have VERB cjal-3230 187 10 junior junior ADJ cjal-3230 187 11 and and CCONJ cjal-3230 187 12 high high ADJ cjal-3230 187 13 school school NOUN cjal-3230 187 14 students student NOUN cjal-3230 187 15 list list VERB cjal-3230 187 16 education education NOUN cjal-3230 187 17 and and CCONJ cjal-3230 187 18 environment environment NOUN cjal-3230 187 19 as as ADP cjal-3230 187 20 main main ADJ cjal-3230 187 21 reasons reason NOUN cjal-3230 187 22 for for ADP cjal-3230 187 23 wanting want VERB cjal-3230 187 24 to to PART cjal-3230 187 25 live live VERB cjal-3230 187 26 in in ADP cjal-3230 187 27 the the DET cjal-3230 187 28 kangnam kangnam PROPN cjal-3230 187 29 area area NOUN cjal-3230 187 30 . . PUNCT cjal-3230 188 1 hankyoreh hankyoreh PROPN cjal-3230 188 2 newspaper newspaper PROPN cjal-3230 188 3 , , PUNCT cjal-3230 188 4 december december PROPN cjal-3230 188 5 24 24 NUM cjal-3230 188 6 , , PUNCT cjal-3230 188 7 2003 2003 NUM cjal-3230 188 8 , , PUNCT cjal-3230 188 9 at at ADP cjal-3230 188 10 8 8 NUM cjal-3230 188 11 . . PUNCT cjal-3230 189 1 the the DET cjal-3230 189 2 survey survey NOUN cjal-3230 189 3 concluded conclude VERB cjal-3230 189 4 that that SCONJ cjal-3230 189 5 56 56 NUM cjal-3230 189 6 % % NOUN cjal-3230 189 7 of of ADP cjal-3230 189 8 people people NOUN cjal-3230 189 9 who who PRON cjal-3230 189 10 prefer prefer VERB cjal-3230 189 11 to to PART cjal-3230 189 12 live live VERB cjal-3230 189 13 in in ADP cjal-3230 189 14 kangnam kangnam NOUN cjal-3230 189 15 cite cite VERB cjal-3230 189 16 to to ADP cjal-3230 189 17 living living NOUN cjal-3230 189 18 environment environment NOUN cjal-3230 189 19 and and CCONJ cjal-3230 189 20 education education NOUN cjal-3230 189 21 as as ADP cjal-3230 189 22 the the DET cjal-3230 189 23 primary primary ADJ cjal-3230 189 24 factors factor NOUN cjal-3230 189 25 for for ADP cjal-3230 189 26 wanting want VERB cjal-3230 189 27 to to PART cjal-3230 189 28 live live VERB cjal-3230 189 29 in in ADP cjal-3230 189 30 the the DET cjal-3230 189 31 kangnam kangnam PROPN cjal-3230 189 32 area area NOUN cjal-3230 189 33 . . PUNCT cjal-3230 190 1 see see VERB cjal-3230 190 2 i i PRON cjal-3230 190 3 d. d. PROPN cjal-3230 190 4 2004 2004 NUM cjal-3230 190 5 ] ] PUNCT cjal-3230 191 1 columbia columbia PROPN cjal-3230 191 2 journal journal PROPN cjal-3230 191 3 of of ADP cjal-3230 191 4 asian asian ADJ cjal-3230 191 5 law law NOUN cjal-3230 191 6 sanitary sanitary NOUN cjal-3230 191 7 environment environment NOUN cjal-3230 191 8 away away ADV cjal-3230 191 9 from from ADP cjal-3230 191 10 the the DET cjal-3230 191 11 older old ADJ cjal-3230 191 12 kangbuk kangbuk NOUN cjal-3230 191 13 area area NOUN cjal-3230 191 14 which which PRON cjal-3230 191 15 is be AUX cjal-3230 191 16 the the DET cjal-3230 191 17 historic historic ADJ cjal-3230 191 18 center center NOUN cjal-3230 191 19 of of ADP cjal-3230 191 20 seoul seoul PROPN cjal-3230 191 21 . . PUNCT cjal-3230 192 1 this this PRON cjal-3230 192 2 holds hold VERB cjal-3230 192 3 especially especially ADV cjal-3230 192 4 true true ADJ cjal-3230 192 5 when when SCONJ cjal-3230 192 6 the the DET cjal-3230 192 7 issue issue NOUN cjal-3230 192 8 of of ADP cjal-3230 192 9 raising raise VERB cjal-3230 192 10 a a DET cjal-3230 192 11 family family NOUN cjal-3230 192 12 , , PUNCT cjal-3230 192 13 a a DET cjal-3230 192 14 motivating motivating NOUN cjal-3230 192 15 factor factor NOUN cjal-3230 192 16 for for ADP cjal-3230 192 17 making make VERB cjal-3230 192 18 real real ADJ cjal-3230 192 19 estate estate NOUN cjal-3230 192 20 investment investment NOUN cjal-3230 192 21 decisions decision NOUN cjal-3230 192 22 in in ADP cjal-3230 192 23 korea korea PROPN cjal-3230 192 24 , , PUNCT cjal-3230 192 25 is be AUX cjal-3230 192 26 considered consider VERB cjal-3230 192 27 . . PUNCT cjal-3230 193 1 in in ADP cjal-3230 193 2 short short ADJ cjal-3230 193 3 , , PUNCT cjal-3230 193 4 kangnam kangnam NOUN cjal-3230 193 5 is be AUX cjal-3230 193 6 viewed view VERB cjal-3230 193 7 as as ADP cjal-3230 193 8 having have VERB cjal-3230 193 9 higher high ADJ cjal-3230 193 10 air air NOUN cjal-3230 193 11 quality quality NOUN cjal-3230 193 12 , , PUNCT cjal-3230 193 13 further far ADV cjal-3230 193 14 away away ADV cjal-3230 193 15 from from ADP cjal-3230 193 16 the the DET cjal-3230 193 17 old old ADJ cjal-3230 193 18 historic historic ADJ cjal-3230 193 19 center center NOUN cjal-3230 193 20 of of ADP cjal-3230 193 21 seoul seoul PROPN cjal-3230 193 22 and and CCONJ cjal-3230 193 23 from from ADP cjal-3230 193 24 the the DET cjal-3230 193 25 han han PROPN cjal-3230 193 26 river river PROPN cjal-3230 193 27 ( ( PUNCT cjal-3230 193 28 that that PRON cjal-3230 193 29 physically physically ADV cjal-3230 193 30 separates separate VERB cjal-3230 193 31 northern northern ADJ cjal-3230 193 32 from from ADP cjal-3230 193 33 southern southern ADJ cjal-3230 193 34 seoul seoul PROPN cjal-3230 193 35 ) ) PUNCT cjal-3230 193 36 . . PUNCT cjal-3230 194 1 the the DET cjal-3230 194 2 fifth fifth ADJ cjal-3230 194 3 factor factor NOUN cjal-3230 194 4 behind behind ADP cjal-3230 194 5 the the DET cjal-3230 194 6 increase increase NOUN cjal-3230 194 7 in in ADP cjal-3230 194 8 demand demand NOUN cjal-3230 194 9 for for ADP cjal-3230 194 10 kangnam kangnam NOUN cjal-3230 194 11 real real ADJ cjal-3230 194 12 estate estate NOUN cjal-3230 194 13 is be AUX cjal-3230 194 14 the the DET cjal-3230 194 15 apparent apparent ADJ cjal-3230 194 16 desire desire NOUN cjal-3230 194 17 for for ADP cjal-3230 194 18 returns return NOUN cjal-3230 194 19 on on ADP cjal-3230 194 20 investment investment NOUN cjal-3230 194 21 . . PUNCT cjal-3230 195 1 5 5 NUM cjal-3230 195 2 this this PRON cjal-3230 195 3 is be AUX cjal-3230 195 4 not not PART cjal-3230 195 5 a a DET cjal-3230 195 6 surprising surprising ADJ cjal-3230 195 7 motivating motivating NOUN cjal-3230 195 8 factor factor NOUN cjal-3230 195 9 to to PART cjal-3230 195 10 purchase purchase VERB cjal-3230 195 11 real real ADJ cjal-3230 195 12 estate estate NOUN cjal-3230 195 13 . . PUNCT cjal-3230 196 1 what what PRON cjal-3230 196 2 is be AUX cjal-3230 196 3 surprising surprising ADJ cjal-3230 196 4 , , PUNCT cjal-3230 196 5 however however ADV cjal-3230 196 6 , , PUNCT cjal-3230 196 7 is be AUX cjal-3230 196 8 that that SCONJ cjal-3230 196 9 in in ADP cjal-3230 196 10 a a DET cjal-3230 196 11 recent recent ADJ cjal-3230 196 12 korea korea PROPN cjal-3230 196 13 labor labor PROPN cjal-3230 196 14 institute institute PROPN cjal-3230 196 15 poll poll NOUN cjal-3230 196 16 , , PUNCT cjal-3230 196 17 this this DET cjal-3230 196 18 factor factor NOUN cjal-3230 196 19 - - PUNCT cjal-3230 196 20 that that SCONJ cjal-3230 196 21 those those DET cjal-3230 196 22 investors investor NOUN cjal-3230 196 23 possessing possess VERB cjal-3230 196 24 the the DET cjal-3230 196 25 actual actual ADJ cjal-3230 196 26 intent intent NOUN cjal-3230 196 27 to to PART cjal-3230 196 28 purchase purchase VERB cjal-3230 196 29 property property NOUN cjal-3230 196 30 for for ADP cjal-3230 196 31 speculative speculative ADJ cjal-3230 196 32 real real ADJ cjal-3230 196 33 estate estate NOUN cjal-3230 196 34 investments investment NOUN cjal-3230 196 35 , , PUNCT cjal-3230 196 36 which which PRON cjal-3230 196 37 the the DET cjal-3230 196 38 anti anti ADJ cjal-3230 196 39 - - ADJ cjal-3230 196 40 speculation speculation ADJ cjal-3230 196 41 laws law NOUN cjal-3230 196 42 were be AUX cjal-3230 196 43 meant mean VERB cjal-3230 196 44 to to PART cjal-3230 196 45 counter counter VERB cjal-3230 196 46 accounted account VERB cjal-3230 196 47 for for ADP cjal-3230 196 48 a a DET cjal-3230 196 49 mere mere ADJ cjal-3230 196 50 2 2 NUM cjal-3230 196 51 % % NOUN cjal-3230 196 52 of of ADP cjal-3230 196 53 respondents respondent NOUN cjal-3230 196 54 . . PUNCT cjal-3230 196 55 " " PUNCT cjal-3230 197 1 relating relate VERB cjal-3230 197 2 to to ADP cjal-3230 197 3 the the DET cjal-3230 197 4 anti anti ADJ cjal-3230 197 5 - - ADJ cjal-3230 197 6 speculation speculation ADJ cjal-3230 197 7 laws law NOUN cjal-3230 197 8 , , PUNCT cjal-3230 197 9 this this PRON cjal-3230 197 10 means mean VERB cjal-3230 197 11 that that SCONJ cjal-3230 197 12 the the DET cjal-3230 197 13 broadsweeping broadsweepe VERB cjal-3230 197 14 legislation legislation NOUN cjal-3230 197 15 is be AUX cjal-3230 197 16 overly overly ADV cjal-3230 197 17 - - PUNCT cjal-3230 197 18 broad broad NOUN cjal-3230 197 19 in in SCONJ cjal-3230 197 20 that that SCONJ cjal-3230 197 21 it it PRON cjal-3230 197 22 unnecessarily unnecessarily ADV cjal-3230 197 23 impacts impact VERB cjal-3230 197 24 the the DET cjal-3230 197 25 vast vast ADJ cjal-3230 197 26 majority majority NOUN cjal-3230 197 27 of of ADP cjal-3230 197 28 the the DET cjal-3230 197 29 real real ADJ cjal-3230 197 30 estate estate NOUN cjal-3230 197 31 investing invest VERB cjal-3230 197 32 population population NOUN cjal-3230 197 33 . . PUNCT cjal-3230 198 1 instead instead ADV cjal-3230 198 2 , , PUNCT cjal-3230 198 3 the the DET cjal-3230 198 4 legislation legislation NOUN cjal-3230 198 5 could could AUX cjal-3230 198 6 be be AUX cjal-3230 198 7 more more ADV cjal-3230 198 8 exactly exactly ADV cjal-3230 198 9 tailored tailor VERB cjal-3230 198 10 to to PART cjal-3230 198 11 target target VERB cjal-3230 198 12 the the DET cjal-3230 198 13 specific specific ADJ cjal-3230 198 14 2 2 NUM cjal-3230 198 15 % % NOUN cjal-3230 198 16 of of ADP cjal-3230 198 17 the the DET cjal-3230 198 18 relevant relevant ADJ cjal-3230 198 19 investing investing NOUN cjal-3230 198 20 population population NOUN cjal-3230 198 21 that that PRON cjal-3230 198 22 is be AUX cjal-3230 198 23 investing invest VERB cjal-3230 198 24 specifically specifically ADV cjal-3230 198 25 for for ADP cjal-3230 198 26 purposes purpose NOUN cjal-3230 198 27 of of ADP cjal-3230 198 28 greater great ADJ cjal-3230 198 29 returns return NOUN cjal-3230 198 30 on on ADP cjal-3230 198 31 their their PRON cjal-3230 198 32 investment investment NOUN cjal-3230 198 33 . . PUNCT cjal-3230 199 1 iv iv X cjal-3230 199 2 . . PUNCT cjal-3230 199 3 overview overview NOUN cjal-3230 199 4 of of ADP cjal-3230 199 5 the the DET cjal-3230 199 6 anti anti ADJ cjal-3230 199 7 - - ADJ cjal-3230 199 8 speculation speculation ADJ cjal-3230 199 9 laws law NOUN cjal-3230 199 10 the the DET cjal-3230 199 11 anti anti ADJ cjal-3230 199 12 - - ADJ cjal-3230 199 13 speculation speculation ADJ cjal-3230 199 14 laws law NOUN cjal-3230 199 15 are be AUX cjal-3230 199 16 in in ADP cjal-3230 199 17 effect effect NOUN cjal-3230 199 18 a a DET cjal-3230 199 19 series series NOUN cjal-3230 199 20 of of ADP cjal-3230 199 21 notable notable ADJ cjal-3230 199 22 land land NOUN cjal-3230 199 23 , , PUNCT cjal-3230 199 24 property property NOUN cjal-3230 199 25 , , PUNCT cjal-3230 199 26 and and CCONJ cjal-3230 199 27 capital capital NOUN cjal-3230 199 28 gains gain NOUN cjal-3230 199 29 tax tax NOUN cjal-3230 199 30 increases increase NOUN cjal-3230 199 31 aimed aim VERB cjal-3230 199 32 to to PART cjal-3230 199 33 curb curb VERB cjal-3230 199 34 real real ADJ cjal-3230 199 35 estate estate NOUN cjal-3230 199 36 speculation speculation NOUN cjal-3230 199 37 in in ADP cjal-3230 199 38 korea korea PROPN cjal-3230 199 39 . . PUNCT cjal-3230 200 1 the the DET cjal-3230 200 2 apparent apparent ADJ cjal-3230 200 3 rationale rationale NOUN cjal-3230 200 4 behind behind ADP cjal-3230 200 5 the the DET cjal-3230 200 6 legislative legislative ADJ cjal-3230 200 7 proposals proposal NOUN cjal-3230 200 8 is be AUX cjal-3230 200 9 to to PART cjal-3230 200 10 increase increase VERB cjal-3230 200 11 real real ADJ cjal-3230 200 12 estate estate NOUN cjal-3230 200 13 investment investment NOUN cjal-3230 200 14 related relate VERB cjal-3230 200 15 taxes taxis NOUN cjal-3230 200 16 ( ( PUNCT cjal-3230 200 17 both both CCONJ cjal-3230 200 18 direct direct ADJ cjal-3230 200 19 and and CCONJ cjal-3230 200 20 indirect indirect ADJ cjal-3230 200 21 ) ) PUNCT cjal-3230 200 22 to to ADP cjal-3230 200 23 such such DET cjal-3230 200 24 a a DET cjal-3230 200 25 level level NOUN cjal-3230 200 26 that that SCONJ cjal-3230 200 27 it it PRON cjal-3230 200 28 will will AUX cjal-3230 200 29 dramatically dramatically ADV cjal-3230 200 30 curb curb VERB cjal-3230 200 31 many many ADJ cjal-3230 200 32 investments investment NOUN cjal-3230 200 33 , , PUNCT cjal-3230 200 34 specifically specifically ADV cjal-3230 200 35 so so ADV cjal-3230 200 36 - - PUNCT cjal-3230 200 37 called call VERB cjal-3230 200 38 short short ADJ cjal-3230 200 39 - - PUNCT cjal-3230 200 40 term term NOUN cjal-3230 200 41 " " PUNCT cjal-3230 200 42 speculative speculative ADJ cjal-3230 200 43 " " PUNCT cjal-3230 200 44 investments investment NOUN cjal-3230 200 45 . . PUNCT cjal-3230 201 1 7 7 NUM cjal-3230 201 2 the the DET cjal-3230 201 3 anti anti ADJ cjal-3230 201 4 - - ADJ cjal-3230 201 5 speculation speculation ADJ cjal-3230 201 6 laws law NOUN cjal-3230 201 7 represent represent VERB cjal-3230 201 8 a a DET cjal-3230 201 9 culmination culmination NOUN cjal-3230 201 10 of of ADP cjal-3230 201 11 three three NUM cjal-3230 201 12 previous previous ADJ cjal-3230 201 13 property property NOUN cjal-3230 201 14 market market NOUN cjal-3230 201 15 stabilization stabilization NOUN cjal-3230 201 16 packages package NOUN cjal-3230 201 17 that that PRON cjal-3230 201 18 were be AUX cjal-3230 201 19 announced announce VERB cjal-3230 201 20 on on ADP cjal-3230 201 21 may may PROPN cjal-3230 201 22 13 13 NUM cjal-3230 201 23 , , PUNCT cjal-3230 201 24 september september PROPN cjal-3230 201 25 1 1 NUM cjal-3230 201 26 and and CCONJ cjal-3230 201 27 october october PROPN cjal-3230 201 28 29 29 NUM cjal-3230 201 29 , , PUNCT cjal-3230 201 30 2003.48 2003.48 NUM cjal-3230 201 31 45 45 NUM cjal-3230 201 32 the the DET cjal-3230 201 33 traditional traditional ADJ cjal-3230 201 34 definition definition NOUN cjal-3230 201 35 of of ADP cjal-3230 201 36 " " PUNCT cjal-3230 201 37 investment investment NOUN cjal-3230 201 38 " " PUNCT cjal-3230 201 39 is be AUX cjal-3230 201 40 " " PUNCT cjal-3230 201 41 the the DET cjal-3230 201 42 part part NOUN cjal-3230 201 43 of of ADP cjal-3230 201 44 output output NOUN cjal-3230 201 45 used use VERB cjal-3230 201 46 by by ADP cjal-3230 201 47 private private ADJ cjal-3230 201 48 firms firm NOUN cjal-3230 201 49 to to PART cjal-3230 201 50 produce produce VERB cjal-3230 201 51 future future ADJ cjal-3230 201 52 output output NOUN cjal-3230 201 53 .. .. PUNCT cjal-3230 201 54 " " PUNCT cjal-3230 201 55 see see VERB cjal-3230 201 56 krugman krugman PROPN cjal-3230 201 57 at at ADP cjal-3230 201 58 299 299 NUM cjal-3230 201 59 . . PUNCT cjal-3230 202 1 however however ADV cjal-3230 202 2 , , PUNCT cjal-3230 202 3 paul paul PROPN cjal-3230 202 4 krugman krugman PROPN cjal-3230 202 5 also also ADV cjal-3230 202 6 notes note VERB cjal-3230 202 7 that that SCONJ cjal-3230 202 8 the the DET cjal-3230 202 9 term term NOUN cjal-3230 202 10 " " PUNCT cjal-3230 202 11 investment investment NOUN cjal-3230 202 12 " " PUNCT cjal-3230 202 13 is be AUX cjal-3230 202 14 also also ADV cjal-3230 202 15 used use VERB cjal-3230 202 16 to to PART cjal-3230 202 17 denote denote VERB cjal-3230 202 18 individual individual ADJ cjal-3230 202 19 household household NOUN cjal-3230 202 20 purchases purchase NOUN cjal-3230 202 21 of of ADP cjal-3230 202 22 stocks stock NOUN cjal-3230 202 23 , , PUNCT cjal-3230 202 24 bonds bond NOUN cjal-3230 202 25 , , PUNCT cjal-3230 202 26 or or CCONJ cjal-3230 202 27 real real ADJ cjal-3230 202 28 estate estate NOUN cjal-3230 202 29 ( ( PUNCT cjal-3230 202 30 which which PRON cjal-3230 202 31 does do AUX cjal-3230 202 32 not not PART cjal-3230 202 33 show show VERB cjal-3230 202 34 up up ADP cjal-3230 202 35 in in ADP cjal-3230 202 36 gdp gdp NOUN cjal-3230 202 37 ) ) PUNCT cjal-3230 202 38 compared compare VERB cjal-3230 202 39 to to ADP cjal-3230 202 40 the the DET cjal-3230 202 41 economic economic ADJ cjal-3230 202 42 definition definition NOUN cjal-3230 202 43 of of ADP cjal-3230 202 44 " " PUNCT cjal-3230 202 45 investment investment NOUN cjal-3230 202 46 " " PUNCT cjal-3230 202 47 ( ( PUNCT cjal-3230 202 48 which which PRON cjal-3230 202 49 does do AUX cjal-3230 202 50 show show VERB cjal-3230 202 51 up up ADP cjal-3230 202 52 in in ADP cjal-3230 202 53 gdp gdp NOUN cjal-3230 202 54 ) ) PUNCT cjal-3230 202 55 . . PUNCT cjal-3230 203 1 see see VERB cjal-3230 203 2 i i PRON cjal-3230 203 3 d. d. PROPN cjal-3230 203 4 45 45 NUM cjal-3230 203 5 see see VERB cjal-3230 203 6 generally generally ADV cjal-3230 203 7 , , PUNCT cjal-3230 203 8 choe choe PROPN cjal-3230 203 9 , , PUNCT cjal-3230 203 10 41 41 NUM cjal-3230 203 11 see see VERB cjal-3230 203 12 -t -t INTJ cjal-3230 203 13 , , PUNCT cjal-3230 203 14 fl fl PART cjal-3230 204 1 _ _ NOUN cjal-3230 205 1 [ [ X cjal-3230 205 2 real real ADJ cjal-3230 205 3 estate estate NOUN cjal-3230 205 4 comprehensive comprehensive ADJ cjal-3230 205 5 anti anti ADJ cjal-3230 205 6 - - ADJ cjal-3230 205 7 speculation speculation ADJ cjal-3230 205 8 measure measure NOUN cjal-3230 205 9 ] ] X cjal-3230 205 10 , , PUNCT cjal-3230 205 11 ministry ministry PROPN cjal-3230 205 12 of of ADP cjal-3230 205 13 finance finance NOUN cjal-3230 205 14 and and CCONJ cjal-3230 205 15 economy economy NOUN cjal-3230 205 16 ( ( PUNCT cjal-3230 205 17 mofe mofe NOUN cjal-3230 205 18 ) ) PUNCT cjal-3230 205 19 , , PUNCT cjal-3230 205 20 the the DET cjal-3230 205 21 property property NOUN cjal-3230 205 22 market market NOUN cjal-3230 205 23 stabilization stabilization NOUN cjal-3230 205 24 package package NOUN cjal-3230 205 25 ( ( PUNCT cjal-3230 205 26 anti anti ADJ cjal-3230 205 27 - - NOUN cjal-3230 205 28 speculation speculation ADJ cjal-3230 205 29 october october PROPN cjal-3230 205 30 29 29 NUM cjal-3230 205 31 , , PUNCT cjal-3230 205 32 2003 2003 NUM cjal-3230 205 33 ) ) PUNCT cjal-3230 205 34 ( ( PUNCT cjal-3230 205 35 to to PART cjal-3230 205 36 be be AUX cjal-3230 205 37 codified codify VERB cjal-3230 205 38 on on ADP cjal-3230 205 39 or or CCONJ cjal-3230 205 40 about about ADP cjal-3230 205 41 early early ADJ cjal-3230 205 42 2005 2005 NUM cjal-3230 205 43 ) ) PUNCT cjal-3230 205 44 , , PUNCT cjal-3230 205 45 available available ADJ cjal-3230 205 46 at at ADP cjal-3230 205 47 http://www.mofe.go.kr/data/wf2003102901.hwv http://www.mofe.go.kr/data/wf2003102901.hwv PROPN cjal-3230 205 48 [ [ X cjal-3230 205 49 hereinafter hereinafter NOUN cjal-3230 205 50 market market NOUN cjal-3230 205 51 property property NOUN cjal-3230 205 52 stabilization stabilization NOUN cjal-3230 205 53 packagel packagel NOUN cjal-3230 205 54 . . PUNCT cjal-3230 206 1 4 4 NUM cjal-3230 206 2 ' ' PUNCT cjal-3230 206 3 the the DET cjal-3230 206 4 korean korean ADJ cjal-3230 206 5 government government NOUN cjal-3230 206 6 has have AUX cjal-3230 206 7 announced announce VERB cjal-3230 206 8 that that SCONJ cjal-3230 206 9 it it PRON cjal-3230 206 10 will will AUX cjal-3230 206 11 introduce introduce VERB cjal-3230 206 12 the the DET cjal-3230 206 13 market market NOUN cjal-3230 206 14 property property NOUN cjal-3230 206 15 stabilization stabilization NOUN cjal-3230 206 16 [ [ X cjal-3230 206 17 18:1 18:1 NUM cjal-3230 206 18 2004 2004 NUM cjal-3230 206 19 ] ] PUNCT cjal-3230 206 20 anti anti ADJ cjal-3230 206 21 - - ADJ cjal-3230 206 22 speculation speculation ADJ cjal-3230 206 23 laws law NOUN cjal-3230 206 24 and and CCONJ cjal-3230 206 25 their their PRON cjal-3230 206 26 impact impact NOUN cjal-3230 206 27 in in ADP cjal-3230 206 28 relation relation NOUN cjal-3230 206 29 to to ADP cjal-3230 206 30 the the DET cjal-3230 206 31 anti anti ADJ cjal-3230 206 32 - - ADJ cjal-3230 206 33 speculation speculation ADJ cjal-3230 206 34 laws law NOUN cjal-3230 206 35 , , PUNCT cjal-3230 206 36 this this DET cjal-3230 206 37 section section NOUN cjal-3230 206 38 will will AUX cjal-3230 206 39 discuss discuss VERB cjal-3230 206 40 ( ( PUNCT cjal-3230 206 41 1 1 X cjal-3230 206 42 ) ) PUNCT cjal-3230 206 43 the the DET cjal-3230 206 44 comprehensive comprehensive ADJ cjal-3230 206 45 property property NOUN cjal-3230 206 46 tax tax NOUN cjal-3230 206 47 scheme scheme NOUN cjal-3230 206 48 ; ; PUNCT cjal-3230 206 49 9 9 NUM cjal-3230 206 50 ( ( PUNCT cjal-3230 206 51 2 2 NUM cjal-3230 206 52 ) ) PUNCT cjal-3230 206 53 capital capital NOUN cjal-3230 206 54 gains gain NOUN cjal-3230 206 55 tax tax NOUN cjal-3230 206 56 scheme scheme NOUN cjal-3230 206 57 ; ; PUNCT cjal-3230 206 58 and and CCONJ cjal-3230 206 59 ( ( PUNCT cjal-3230 206 60 3 3 X cjal-3230 206 61 ) ) PUNCT cjal-3230 206 62 several several ADJ cjal-3230 206 63 additional additional ADJ cjal-3230 206 64 and and CCONJ cjal-3230 206 65 related related ADJ cjal-3230 206 66 non non ADJ cjal-3230 206 67 property property NOUN cjal-3230 206 68 tax tax NOUN cjal-3230 206 69 and and CCONJ cjal-3230 206 70 non non ADJ cjal-3230 206 71 capital capital NOUN cjal-3230 206 72 gains gain VERB cjal-3230 206 73 tax tax NOUN cjal-3230 206 74 proposals proposal NOUN cjal-3230 206 75 . . PUNCT cjal-3230 207 1 a. a. NOUN cjal-3230 207 2 anti anti ADJ cjal-3230 207 3 - - ADJ cjal-3230 207 4 speculation speculation ADJ cjal-3230 207 5 property property NOUN cjal-3230 207 6 valuation valuation NOUN cjal-3230 207 7 tax tax NOUN cjal-3230 207 8 system system NOUN cjal-3230 207 9 the the DET cjal-3230 207 10 new new ADJ cjal-3230 207 11 anti anti ADJ cjal-3230 207 12 - - ADJ cjal-3230 207 13 speculation speculation ADJ cjal-3230 207 14 property property NOUN cjal-3230 207 15 valuation valuation NOUN cjal-3230 207 16 tax tax NOUN cjal-3230 207 17 ( ( PUNCT cjal-3230 207 18 " " PUNCT cjal-3230 207 19 new new ADJ cjal-3230 207 20 property property NOUN cjal-3230 207 21 tax tax NOUN cjal-3230 207 22 " " PUNCT cjal-3230 207 23 ) ) PUNCT cjal-3230 207 24 is be AUX cjal-3230 207 25 a a DET cjal-3230 207 26 yearly yearly ADJ cjal-3230 207 27 tax tax NOUN cjal-3230 207 28 based base VERB cjal-3230 207 29 on on ADP cjal-3230 207 30 property property NOUN cjal-3230 207 31 fair fair ADJ cjal-3230 207 32 market market NOUN cjal-3230 207 33 value value NOUN cjal-3230 207 34 ( ( PUNCT cjal-3230 207 35 " " PUNCT cjal-3230 207 36 fmv fmv NOUN cjal-3230 207 37 " " PUNCT cjal-3230 207 38 ) ) PUNCT cjal-3230 207 39 . . PUNCT cjal-3230 208 1 the the DET cjal-3230 208 2 new new ADJ cjal-3230 208 3 property property NOUN cjal-3230 208 4 tax tax NOUN cjal-3230 208 5 applies apply VERB cjal-3230 208 6 to to ADP cjal-3230 208 7 all all DET cjal-3230 208 8 areas area NOUN cjal-3230 208 9 " " PUNCT cjal-3230 208 10 ° ° PRON cjal-3230 208 11 and and CCONJ cjal-3230 208 12 applies apply VERB cjal-3230 208 13 to to ADP cjal-3230 208 14 all all DET cjal-3230 208 15 types type NOUN cjal-3230 208 16 of of ADP cjal-3230 208 17 property property NOUN cjal-3230 208 18 ( ( PUNCT cjal-3230 208 19 i.e. i.e. X cjal-3230 208 20 , , PUNCT cjal-3230 208 21 residential residential ADJ cjal-3230 208 22 and and CCONJ cjal-3230 208 23 commercial commercial ADJ cjal-3230 208 24 property property NOUN cjal-3230 208 25 ) ) PUNCT cjal-3230 208 26 . . PUNCT cjal-3230 209 1 two two NUM cjal-3230 209 2 substantive substantive ADJ cjal-3230 209 3 changes change NOUN cjal-3230 209 4 exist exist VERB cjal-3230 209 5 relating relate VERB cjal-3230 209 6 to to ADP cjal-3230 209 7 the the DET cjal-3230 209 8 calculation calculation NOUN cjal-3230 209 9 of of ADP cjal-3230 209 10 property property NOUN cjal-3230 209 11 tax tax NOUN cjal-3230 209 12 owed owe VERB cjal-3230 209 13 . . PUNCT cjal-3230 209 14 ' ' PUNCT cjal-3230 210 1 first first ADV cjal-3230 210 2 , , PUNCT cjal-3230 210 3 the the DET cjal-3230 210 4 price price NOUN cjal-3230 210 5 package package NOUN cjal-3230 210 6 to to PART cjal-3230 210 7 reform reform VERB cjal-3230 210 8 the the DET cjal-3230 210 9 existing exist VERB cjal-3230 210 10 property property NOUN cjal-3230 210 11 tax tax NOUN cjal-3230 210 12 law law NOUN cjal-3230 210 13 . . PUNCT cjal-3230 211 1 six six NUM cjal-3230 211 2 government government NOUN cjal-3230 211 3 branches branch NOUN cjal-3230 211 4 and and CCONJ cjal-3230 211 5 two two NUM cjal-3230 211 6 local local ADJ cjal-3230 211 7 governments government NOUN cjal-3230 211 8 were be AUX cjal-3230 211 9 involved involve VERB cjal-3230 211 10 in in ADP cjal-3230 211 11 the the DET cjal-3230 211 12 market market NOUN cjal-3230 211 13 property property NOUN cjal-3230 211 14 stabilization stabilization NOUN cjal-3230 211 15 package package NOUN cjal-3230 211 16 . . PUNCT cjal-3230 212 1 see see VERB cjal-3230 212 2 i i PRON cjal-3230 212 3 d. d. PROPN cjal-3230 212 4 the the DET cjal-3230 212 5 six six NUM cjal-3230 212 6 government government NOUN cjal-3230 212 7 branches branch NOUN cjal-3230 212 8 are be AUX cjal-3230 212 9 the the DET cjal-3230 212 10 ministry ministry PROPN cjal-3230 212 11 of of ADP cjal-3230 212 12 finance finance NOUN cjal-3230 212 13 and and CCONJ cjal-3230 212 14 economy economy NOUN cjal-3230 212 15 ( ( PUNCT cjal-3230 212 16 mofe mofe NOUN cjal-3230 212 17 ) ) PUNCT cjal-3230 212 18 , , PUNCT cjal-3230 212 19 ministry ministry NOUN cjal-3230 212 20 of of ADP cjal-3230 212 21 construction construction NOUN cjal-3230 212 22 and and CCONJ cjal-3230 212 23 transportation transportation NOUN cjal-3230 212 24 ( ( PUNCT cjal-3230 212 25 moct moct NOUN cjal-3230 212 26 ) ) PUNCT cjal-3230 212 27 , , PUNCT cjal-3230 212 28 ministry ministry NOUN cjal-3230 212 29 of of ADP cjal-3230 212 30 government government PROPN cjal-3230 212 31 and and CCONJ cjal-3230 212 32 home home NOUN cjal-3230 212 33 affairs affair NOUN cjal-3230 212 34 ( ( PUNCT cjal-3230 212 35 mogaha mogaha PROPN cjal-3230 212 36 ) ) PUNCT cjal-3230 212 37 , , PUNCT cjal-3230 212 38 ministry ministry NOUN cjal-3230 212 39 of of ADP cjal-3230 212 40 planning planning NOUN cjal-3230 212 41 and and CCONJ cjal-3230 212 42 budget budget NOUN cjal-3230 212 43 , , PUNCT cjal-3230 212 44 national national ADJ cjal-3230 212 45 tax tax NOUN cjal-3230 212 46 service service NOUN cjal-3230 212 47 ( ( PUNCT cjal-3230 212 48 nts nt NOUN cjal-3230 212 49 ) ) PUNCT cjal-3230 212 50 , , PUNCT cjal-3230 212 51 and and CCONJ cjal-3230 212 52 the the DET cjal-3230 212 53 financial financial ADJ cjal-3230 212 54 supervisory supervisory ADJ cjal-3230 212 55 commission commission NOUN cjal-3230 212 56 ( ( PUNCT cjal-3230 212 57 fsc fsc PROPN cjal-3230 212 58 ) ) PUNCT cjal-3230 212 59 . . PUNCT cjal-3230 213 1 see see VERB cjal-3230 213 2 property property NOUN cjal-3230 213 3 market market NOUN cjal-3230 213 4 stabilization stabilization NOUN cjal-3230 213 5 package package NOUN cjal-3230 213 6 . . PUNCT cjal-3230 214 1 the the DET cjal-3230 214 2 two two NUM cjal-3230 214 3 local local ADJ cjal-3230 214 4 branches branch NOUN cjal-3230 214 5 are be AUX cjal-3230 214 6 the the DET cjal-3230 214 7 seoul seoul PROPN cjal-3230 214 8 metropolitan metropolitan ADJ cjal-3230 214 9 government government NOUN cjal-3230 214 10 and and CCONJ cjal-3230 214 11 the the DET cjal-3230 214 12 province province NOUN cjal-3230 214 13 of of ADP cjal-3230 214 14 gyeonggi gyeonggi PROPN cjal-3230 214 15 ( ( PUNCT cjal-3230 214 16 located locate VERB cjal-3230 214 17 in in ADP cjal-3230 214 18 the the DET cjal-3230 214 19 central central ADJ cjal-3230 214 20 - - PUNCT cjal-3230 214 21 west west NOUN cjal-3230 214 22 area area NOUN cjal-3230 214 23 outside outside ADP cjal-3230 214 24 the the DET cjal-3230 214 25 korean korean ADJ cjal-3230 214 26 capital capital NOUN cjal-3230 214 27 city city PROPN cjal-3230 214 28 of of ADP cjal-3230 214 29 seoul seoul PROPN cjal-3230 214 30 ) ) PUNCT cjal-3230 214 31 . . PUNCT cjal-3230 215 1 i i PRON cjal-3230 215 2 d. d. PROPN cjal-3230 215 3 49 49 NUM cjal-3230 215 4 the the DET cjal-3230 215 5 comprehensive comprehensive ADJ cjal-3230 215 6 property property NOUN cjal-3230 215 7 tax tax NOUN cjal-3230 215 8 is be AUX cjal-3230 215 9 scheduled schedule VERB cjal-3230 215 10 to to PART cjal-3230 215 11 be be AUX cjal-3230 215 12 collected collect VERB cjal-3230 215 13 from from ADP cjal-3230 215 14 october october PROPN cjal-3230 215 15 16 16 NUM cjal-3230 215 16 to to ADP cjal-3230 215 17 october october PROPN cjal-3230 215 18 31 31 NUM cjal-3230 215 19 of of ADP cjal-3230 215 20 each each DET cjal-3230 215 21 year.50anti year.50anti ADJ cjal-3230 215 22 - - ADJ cjal-3230 215 23 speculation speculation NOUN cjal-3230 215 24 property property NOUN cjal-3230 215 25 valuation valuation NOUN cjal-3230 215 26 tax tax NOUN cjal-3230 216 1 [ [ X cjal-3230 216 2 hereinafter hereinafter NOUN cjal-3230 216 3 new new ADJ cjal-3230 216 4 property property NOUN cjal-3230 216 5 taxi taxi NOUN cjal-3230 216 6 formula formula NOUN cjal-3230 216 7 : : PUNCT cjal-3230 216 8 new new ADJ cjal-3230 216 9 property property NOUN cjal-3230 216 10 tax tax NOUN cjal-3230 216 11 = = SYM cjal-3230 216 12 statutory statutory ADJ cjal-3230 216 13 standard standard ADJ cjal-3230 216 14 price price NOUN cjal-3230 216 15 * * PUNCT cjal-3230 216 16 rate rate NOUN cjal-3230 216 17 where where SCONJ cjal-3230 216 18 : : PUNCT cjal-3230 216 19 statutory statutory ADJ cjal-3230 216 20 standard standard ADJ cjal-3230 216 21 price price NOUN cjal-3230 216 22 = = SYM cjal-3230 216 23 basic basic ADJ cjal-3230 216 24 price price NOUN cjal-3230 216 25 per per ADP cjal-3230 216 26 n2 n2 NOUN cjal-3230 216 27 * * PUNCT cjal-3230 216 28 index index NOUN cjal-3230 216 29 number number NOUN cjal-3230 216 30 * * PUNCT cjal-3230 216 31 deprecation deprecation NOUN cjal-3230 216 32 rate rate NOUN cjal-3230 216 33 * * PUNCT cjal-3230 216 34 adjustment adjustment NOUN cjal-3230 216 35 rate rate NOUN cjal-3230 216 36 * * PUNCT cjal-3230 216 37 floor floor NOUN cjal-3230 216 38 space space NOUN cjal-3230 216 39 where where SCONJ cjal-3230 216 40 : : PUNCT cjal-3230 216 41 basic basic ADJ cjal-3230 216 42 price price NOUN cjal-3230 216 43 per per ADP cjal-3230 216 44 in in ADP cjal-3230 216 45 : : PUNCT cjal-3230 216 46 170.000 170.000 NUM cjal-3230 216 47 krw krw NOUN cjal-3230 216 48 ( ( PUNCT cjal-3230 216 49 year year NOUN cjal-3230 216 50 2003 2003 NUM cjal-3230 216 51 ) ) PUNCT cjal-3230 216 52 , , PUNCT cjal-3230 216 53 180,000 180,000 NUM cjal-3230 216 54 krw krw NOUN cjal-3230 216 55 ( ( PUNCT cjal-3230 216 56 year year NOUN cjal-3230 216 57 2004 2004 NUM cjal-3230 216 58 ) ) PUNCT cjal-3230 216 59 , , PUNCT cjal-3230 216 60 and and CCONJ cjal-3230 216 61 460,000 460,000 NUM cjal-3230 216 62 krw krw NOUN cjal-3230 216 63 ( ( PUNCT cjal-3230 216 64 year year NOUN cjal-3230 216 65 2005 2005 NUM cjal-3230 216 66 ) ) PUNCT cjal-3230 216 67 . . PUNCT cjal-3230 217 1 the the DET cjal-3230 217 2 basic basic ADJ cjal-3230 217 3 price price NOUN cjal-3230 217 4 per per ADP cjal-3230 217 5 square square ADJ cjal-3230 217 6 meter meter NOUN cjal-3230 217 7 will will AUX cjal-3230 217 8 be be AUX cjal-3230 217 9 increased increase VERB cjal-3230 217 10 from from ADP cjal-3230 217 11 170,000 170,000 NUM cjal-3230 217 12 krw krw NOUN cjal-3230 217 13 to to ADP cjal-3230 217 14 460,000 460,000 NUM cjal-3230 217 15 krw krw NOUN cjal-3230 217 16 in in ADP cjal-3230 217 17 an an DET cjal-3230 217 18 apparent apparent ADJ cjal-3230 217 19 effort effort NOUN cjal-3230 217 20 to to PART cjal-3230 217 21 better well ADV cjal-3230 217 22 reflect reflect VERB cjal-3230 217 23 fmv fmv NOUN cjal-3230 217 24 of of ADP cjal-3230 217 25 property property NOUN cjal-3230 217 26 in in ADP cjal-3230 217 27 korea korea PROPN cjal-3230 217 28 . . PUNCT cjal-3230 218 1 by by ADP cjal-3230 218 2 doing do VERB cjal-3230 218 3 this this PRON cjal-3230 218 4 , , PUNCT cjal-3230 218 5 the the DET cjal-3230 218 6 net net ADJ cjal-3230 218 7 effect effect NOUN cjal-3230 218 8 is be AUX cjal-3230 218 9 relatively relatively ADV cjal-3230 218 10 heavier heavy ADJ cjal-3230 218 11 tax tax NOUN cjal-3230 218 12 burdens burden NOUN cjal-3230 218 13 on on ADP cjal-3230 218 14 high high ADJ cjal-3230 218 15 priced price VERB cjal-3230 218 16 properties property NOUN cjal-3230 218 17 located locate VERB cjal-3230 218 18 in in ADP cjal-3230 218 19 kangnam kangnam NOUN cjal-3230 218 20 and and CCONJ cjal-3230 218 21 other other ADJ cjal-3230 218 22 government government NOUN cjal-3230 218 23 designated designate VERB cjal-3230 218 24 anti anti ADJ cjal-3230 218 25 - - ADJ cjal-3230 218 26 speculation speculation ADJ cjal-3230 218 27 zones zone NOUN cjal-3230 218 28 . . PUNCT cjal-3230 219 1 index index NOUN cjal-3230 219 2 number number NOUN cjal-3230 219 3 : : PUNCT cjal-3230 219 4 government government NOUN cjal-3230 219 5 determined determine VERB cjal-3230 219 6 figure figure NOUN cjal-3230 219 7 based base VERB cjal-3230 219 8 on on ADP cjal-3230 219 9 types type NOUN cjal-3230 219 10 of of ADP cjal-3230 219 11 building building NOUN cjal-3230 219 12 , , PUNCT cjal-3230 219 13 types type NOUN cjal-3230 219 14 of of ADP cjal-3230 219 15 structure structure NOUN cjal-3230 219 16 , , PUNCT cjal-3230 219 17 and and CCONJ cjal-3230 219 18 location location NOUN cjal-3230 219 19 depreciation depreciation NOUN cjal-3230 219 20 rate rate NOUN cjal-3230 219 21 : : PUNCT cjal-3230 219 22 government government NOUN cjal-3230 219 23 determined determine VERB cjal-3230 219 24 rate rate NOUN cjal-3230 219 25 at at ADP cjal-3230 219 26 which which PRON cjal-3230 219 27 the the DET cjal-3230 219 28 relevant relevant ADJ cjal-3230 219 29 property property NOUN cjal-3230 219 30 will will AUX cjal-3230 219 31 decline decline VERB cjal-3230 219 32 in in ADP cjal-3230 219 33 value value NOUN cjal-3230 219 34 over over ADP cjal-3230 219 35 time time NOUN cjal-3230 219 36 adiustment adiustment NOUN cjal-3230 219 37 rate rate NOUN cjal-3230 219 38 : : PUNCT cjal-3230 219 39 based base VERB cjal-3230 219 40 on on ADP cjal-3230 219 41 fair fair ADJ cjal-3230 219 42 market market NOUN cjal-3230 219 43 value value NOUN cjal-3230 219 44 ( ( PUNCT cjal-3230 219 45 fmv fmv PROPN cjal-3230 219 46 ) ) PUNCT cjal-3230 219 47 of of ADP cjal-3230 219 48 property property NOUN cjal-3230 219 49 and and CCONJ cjal-3230 219 50 floor floor NOUN cjal-3230 219 51 space space NOUN cjal-3230 219 52 ( ( PUNCT cjal-3230 219 53 based base VERB cjal-3230 219 54 on on ADP cjal-3230 219 55 fourteen fourteen NUM cjal-3230 219 56 different different ADJ cjal-3230 219 57 levels level NOUN cjal-3230 219 58 with with ADP cjal-3230 219 59 a a DET cjal-3230 219 60 rate rate NOUN cjal-3230 219 61 up up ADP cjal-3230 219 62 to to PART cjal-3230 219 63 60 60 NUM cjal-3230 219 64 % % NOUN cjal-3230 219 65 in in ADP cjal-3230 219 66 2003 2003 NUM cjal-3230 219 67 ) ) PUNCT cjal-3230 219 68 . . PUNCT cjal-3230 220 1 ( ( PUNCT cjal-3230 220 2 i i NOUN cjal-3230 220 3 ) ) PUNCT cjal-3230 220 4 adjustment adjustment NOUN cjal-3230 220 5 rate rate NOUN cjal-3230 220 6 for for ADP cjal-3230 220 7 residential residential ADJ cjal-3230 220 8 property property NOUN cjal-3230 220 9 : : PUNCT cjal-3230 220 10 0.3%-7 0.3%-7 NOUN cjal-3230 220 11 % % NOUN cjal-3230 220 12 with with ADP cjal-3230 220 13 six six NUM cjal-3230 220 14 different different ADJ cjal-3230 220 15 cumulate cumulate NOUN cjal-3230 220 16 rates rate NOUN cjal-3230 220 17 . . PUNCT cjal-3230 221 1 ( ( PUNCT cjal-3230 221 2 ii ii NOUN cjal-3230 221 3 ) ) PUNCT cjal-3230 221 4 adjustment adjustment NOUN cjal-3230 221 5 rate rate NOUN cjal-3230 221 6 for for ADP cjal-3230 221 7 commercial commercial ADJ cjal-3230 221 8 property property NOUN cjal-3230 221 9 : : PUNCT cjal-3230 221 10 0.3 0.3 NUM cjal-3230 221 11 % % NOUN cjal-3230 221 12 flat flat ADJ cjal-3230 221 13 tax tax NOUN cjal-3230 221 14 rate rate NOUN cjal-3230 221 15 floor floor NOUN cjal-3230 221 16 space space NOUN cjal-3230 221 17 : : PUNCT cjal-3230 221 18 number number NOUN cjal-3230 221 19 of of ADP cjal-3230 221 20 square square ADJ cjal-3230 221 21 meters meter NOUN cjal-3230 221 22 of of ADP cjal-3230 221 23 relevant relevant ADJ cjal-3230 221 24 property property NOUN cjal-3230 221 25 see see NOUN cjal-3230 221 26 code code NOUN cjal-3230 221 27 civil civil ADJ cjal-3230 222 1 [ [ X cjal-3230 222 2 c. c. PROPN cjal-3230 222 3 civ civ NOUN cjal-3230 222 4 . . PUNCT cjal-3230 222 5 ] ] PUNCT cjal-3230 223 1 _ _ PUNCT cjal-3230 223 2 -1- -1- PUNCT cjal-3230 223 3 ' ' PUNCT cjal-3230 223 4 i i PRON cjal-3230 223 5 4 4 NUM cjal-3230 223 6 [ [ X cjal-3230 223 7 sodeuk sodeuk NOUN cjal-3230 223 8 sehbub sehbub NOUN cjal-3230 223 9 ] ] X cjal-3230 224 1 [ [ X cjal-3230 224 2 income income NOUN cjal-3230 224 3 tax tax NOUN cjal-3230 224 4 law law NOUN cjal-3230 224 5 ] ] PUNCT cjal-3230 224 6 , , PUNCT cjal-3230 224 7 art art NOUN cjal-3230 224 8 99 99 NUM cjal-3230 224 9 , , PUNCT cjal-3230 224 10 para para NOUN cjal-3230 224 11 . . PROPN cjal-3230 225 1 1 1 NUM cjal-3230 225 2 , , PUNCT cjal-3230 225 3 item item NOUN cjal-3230 225 4 1 1 NUM cjal-3230 225 5 , , PUNCT cjal-3230 225 6 national national ADJ cjal-3230 225 7 tax tax NOUN cjal-3230 225 8 service service NOUN cjal-3230 225 9 ( ( PUNCT cjal-3230 225 10 october october PROPN cjal-3230 225 11 29 29 NUM cjal-3230 225 12 , , PUNCT cjal-3230 225 13 2003 2003 NUM cjal-3230 225 14 ) ) PUNCT cjal-3230 225 15 ( ( PUNCT cjal-3230 225 16 to to PART cjal-3230 225 17 be be AUX cjal-3230 225 18 codified codify VERB cjal-3230 225 19 on on ADP cjal-3230 225 20 or or CCONJ cjal-3230 225 21 about about ADP cjal-3230 225 22 january january PROPN cjal-3230 225 23 1 1 NUM cjal-3230 225 24 , , PUNCT cjal-3230 225 25 2005 2005 NUM cjal-3230 225 26 ) ) PUNCT cjal-3230 226 1 [ [ X cjal-3230 226 2 hereinafter hereinafter NOUN cjal-3230 226 3 income income NOUN cjal-3230 226 4 tax tax NOUN cjal-3230 226 5 law law NOUN cjal-3230 226 6 ] ] PUNCT cjal-3230 226 7 according accord VERB cjal-3230 226 8 to to ADP cjal-3230 226 9 mogaha mogaha NOUN cjal-3230 226 10 's 's PART cjal-3230 226 11 announcement announcement NOUN cjal-3230 226 12 of of ADP cjal-3230 226 13 december december PROPN cjal-3230 226 14 3 3 NUM cjal-3230 226 15 , , PUNCT cjal-3230 226 16 2003 2003 NUM cjal-3230 226 17 , , PUNCT cjal-3230 226 18 all all DET cjal-3230 226 19 residential residential ADJ cjal-3230 226 20 properties property NOUN cjal-3230 226 21 will will AUX cjal-3230 226 22 apply apply VERB cjal-3230 226 23 the the DET cjal-3230 226 24 above above ADJ cjal-3230 226 25 rules rule NOUN cjal-3230 226 26 from from ADP cjal-3230 226 27 2004 2004 NUM cjal-3230 226 28 . . PUNCT cjal-3230 227 1 see see VERB cjal-3230 227 2 i i PRON cjal-3230 227 3 d. d. PROPN cjal-3230 227 4 the the DET cjal-3230 227 5 new new ADJ cjal-3230 227 6 property property NOUN cjal-3230 227 7 tax tax NOUN cjal-3230 227 8 applies apply VERB cjal-3230 227 9 to to ADP cjal-3230 227 10 " " PUNCT cjal-3230 227 11 all all DET cjal-3230 227 12 areas area NOUN cjal-3230 227 13 " " PUNCT cjal-3230 227 14 , , PUNCT cjal-3230 227 15 meaning mean VERB cjal-3230 227 16 it it PRON cjal-3230 227 17 applies apply VERB cjal-3230 227 18 to to ADP cjal-3230 227 19 both both DET cjal-3230 227 20 government government NOUN cjal-3230 227 21 designated designate VERB cjal-3230 227 22 and and CCONJ cjal-3230 227 23 non non ADJ cjal-3230 227 24 - - ADJ cjal-3230 227 25 designated designate VERB cjal-3230 227 26 anti anti ADJ cjal-3230 227 27 - - ADJ cjal-3230 227 28 speculation speculation ADJ cjal-3230 227 29 zones zone NOUN cjal-3230 227 30 in in ADP cjal-3230 227 31 korea korea PROPN cjal-3230 227 32 . . PUNCT cjal-3230 228 1 5 5 NUM cjal-3230 228 2 ' ' PUNCT cjal-3230 228 3 see see VERB cjal-3230 228 4 supra supra PROPN cjal-3230 228 5 income income NOUN cjal-3230 228 6 tax tax NOUN cjal-3230 228 7 law law NOUN cjal-3230 228 8 . . PUNCT cjal-3230 229 1 columbia columbia PROPN cjal-3230 229 2 journal journal PROPN cjal-3230 229 3 of of ADP cjal-3230 229 4 asian asian ADJ cjal-3230 229 5 law law NOUN cjal-3230 229 6 charged charge VERB cjal-3230 229 7 per per ADP cjal-3230 229 8 square square ADJ cjal-3230 229 9 meter meter NOUN cjal-3230 229 10 for for ADP cjal-3230 229 11 tax tax NOUN cjal-3230 229 12 purposes purpose NOUN cjal-3230 229 13 will will AUX cjal-3230 229 14 be be AUX cjal-3230 229 15 increased.52 increased.52 ADJ cjal-3230 229 16 second second ADJ cjal-3230 229 17 , , PUNCT cjal-3230 229 18 the the DET cjal-3230 229 19 government government NOUN cjal-3230 229 20 adjustment adjustment NOUN cjal-3230 229 21 rate rate NOUN cjal-3230 229 22 3 3 NUM cjal-3230 229 23 will will AUX cjal-3230 229 24 be be AUX cjal-3230 229 25 based base VERB cjal-3230 229 26 on on ADP cjal-3230 229 27 the the DET cjal-3230 229 28 government government NOUN cjal-3230 229 29 declared declare VERB cjal-3230 229 30 value("gdv value("gdv PROPN cjal-3230 229 31 " " PUNCT cjal-3230 229 32 ) ) PUNCT cjal-3230 229 33 ' ' PUNCT cjal-3230 229 34 that that PRON cjal-3230 229 35 can can AUX cjal-3230 229 36 differ differ VERB cjal-3230 229 37 from from ADP cjal-3230 229 38 property property NOUN cjal-3230 229 39 to to ADP cjal-3230 229 40 property property NOUN cjal-3230 229 41 and and CCONJ cjal-3230 229 42 from from ADP cjal-3230 229 43 property property NOUN cjal-3230 229 44 district district NOUN cjal-3230 229 45 to to ADP cjal-3230 229 46 property property NOUN cjal-3230 229 47 district district NOUN cjal-3230 229 48 , , PUNCT cjal-3230 229 49 rather rather ADV cjal-3230 229 50 than than ADP cjal-3230 229 51 a a DET cjal-3230 229 52 flat flat ADJ cjal-3230 229 53 rate rate NOUN cjal-3230 229 54 applied apply VERB cjal-3230 229 55 to to ADP cjal-3230 229 56 all all DET cjal-3230 229 57 apartments apartment NOUN cjal-3230 229 58 in in ADP cjal-3230 229 59 all all DET cjal-3230 229 60 areas area NOUN cjal-3230 229 61 based base VERB cjal-3230 229 62 on on ADP cjal-3230 229 63 the the DET cjal-3230 229 64 floor floor NOUN cjal-3230 229 65 space space NOUN cjal-3230 229 66 of of ADP cjal-3230 229 67 a a DET cjal-3230 229 68 building building NOUN cjal-3230 229 69 , , PUNCT cjal-3230 229 70 which which PRON cjal-3230 229 71 is be AUX cjal-3230 229 72 the the DET cjal-3230 229 73 current current ADJ cjal-3230 229 74 method.55 method.55 NOUN cjal-3230 229 75 the the DET cjal-3230 229 76 practical practical ADJ cjal-3230 229 77 effect effect NOUN cjal-3230 229 78 of of ADP cjal-3230 229 79 the the DET cjal-3230 229 80 new new ADJ cjal-3230 229 81 scheme scheme NOUN cjal-3230 229 82 is be AUX cjal-3230 229 83 that that SCONJ cjal-3230 229 84 kangnam kangnam NOUN cjal-3230 229 85 ( ( PUNCT cjal-3230 229 86 southern southern ADJ cjal-3230 229 87 seoul seoul PROPN cjal-3230 229 88 ) ) PUNCT cjal-3230 229 89 property property NOUN cjal-3230 229 90 holders holder NOUN cjal-3230 229 91 will will AUX cjal-3230 229 92 be be AUX cjal-3230 229 93 forced force VERB cjal-3230 229 94 to to PART cjal-3230 229 95 pay pay VERB cjal-3230 229 96 higher high ADJ cjal-3230 229 97 property property NOUN cjal-3230 229 98 value value NOUN cjal-3230 229 99 tax tax NOUN cjal-3230 229 100 , , PUNCT cjal-3230 229 101 due due ADP cjal-3230 229 102 to to ADP cjal-3230 229 103 the the DET cjal-3230 229 104 fact fact NOUN cjal-3230 229 105 that that SCONJ cjal-3230 229 106 kangnam kangnam NOUN cjal-3230 229 107 area area NOUN cjal-3230 229 108 property property NOUN cjal-3230 229 109 has have AUX cjal-3230 229 110 a a DET cjal-3230 229 111 higher high ADJ cjal-3230 229 112 fmv fmv NOUN cjal-3230 229 113 per per ADP cjal-3230 229 114 square square ADJ cjal-3230 229 115 meter meter NOUN cjal-3230 229 116 relative relative ADJ cjal-3230 229 117 to to ADP cjal-3230 229 118 the the DET cjal-3230 229 119 kangbuk kangbuk NOUN cjal-3230 229 120 area area NOUN cjal-3230 229 121 ( ( PUNCT cjal-3230 229 122 northern northern ADJ cjal-3230 229 123 seoul seoul PROPN cjal-3230 229 124 ) ) PUNCT cjal-3230 229 125 property property NOUN cjal-3230 229 126 , , PUNCT cjal-3230 229 127 with with ADP cjal-3230 229 128 regard regard NOUN cjal-3230 229 129 to to ADP cjal-3230 229 130 similarly similarly ADV cjal-3230 229 131 - - PUNCT cjal-3230 229 132 sized sized ADJ cjal-3230 229 133 property property NOUN cjal-3230 229 134 by by ADP cjal-3230 229 135 calculating calculate VERB cjal-3230 229 136 gdv gdv NOUN cjal-3230 229 137 closer close ADV cjal-3230 229 138 to to ADP cjal-3230 229 139 the the DET cjal-3230 229 140 fair fair ADJ cjal-3230 229 141 market market NOUN cjal-3230 229 142 value value NOUN cjal-3230 229 143 ( ( PUNCT cjal-3230 229 144 " " PUNCT cjal-3230 229 145 fmv fmv PROPN cjal-3230 229 146 " " PUNCT cjal-3230 229 147 ) ) PUNCT cjal-3230 229 148 of of ADP cjal-3230 229 149 property property NOUN cjal-3230 229 150 owned own VERB cjal-3230 229 151 . . PUNCT cjal-3230 230 1 b. b. PROPN cjal-3230 230 2 anti anti ADJ cjal-3230 230 3 - - ADJ cjal-3230 230 4 speculation speculation ADJ cjal-3230 230 5 comprehensive comprehensive ADJ cjal-3230 230 6 land land NOUN cjal-3230 230 7 tax tax NOUN cjal-3230 230 8 scheme scheme NOUN cjal-3230 230 9 the the DET cjal-3230 230 10 new new ADJ cjal-3230 230 11 comprehensive comprehensive ADJ cjal-3230 230 12 land land NOUN cjal-3230 230 13 tax tax NOUN cjal-3230 230 14 scheme scheme NOUN cjal-3230 230 15 ( ( PUNCT cjal-3230 230 16 " " PUNCT cjal-3230 230 17 new new ADJ cjal-3230 230 18 land land NOUN cjal-3230 230 19 tax tax NOUN cjal-3230 230 20 " " PUNCT cjal-3230 230 21 ) ) PUNCT cjal-3230 230 22 is be AUX cjal-3230 230 23 a a DET cjal-3230 230 24 tax tax NOUN cjal-3230 230 25 levied levy VERB cjal-3230 230 26 based base VERB cjal-3230 230 27 on on ADP cjal-3230 230 28 the the DET cjal-3230 230 29 government government NOUN cjal-3230 230 30 declared declare VERB cjal-3230 230 31 value value NOUN cjal-3230 230 32 ( ( PUNCT cjal-3230 230 33 " " PUNCT cjal-3230 230 34 gdv gdv NOUN cjal-3230 230 35 " " PUNCT cjal-3230 230 36 ) ) PUNCT cjal-3230 230 37 of of ADP cjal-3230 230 38 land land NOUN cjal-3230 230 39 owned own VERB cjal-3230 230 40 ( ( PUNCT cjal-3230 230 41 separate separate ADJ cjal-3230 230 42 from from ADP cjal-3230 230 43 property property NOUN cjal-3230 230 44 tax tax NOUN cjal-3230 230 45 paid pay VERB cjal-3230 230 46 , , PUNCT cjal-3230 230 47 per per ADP cjal-3230 230 48 1.1 1.1 NUM cjal-3230 230 49 above above ADP cjal-3230 230 50 ) ) PUNCT cjal-3230 230 51 . . PUNCT cjal-3230 231 1 7 7 NUM cjal-3230 232 1 the the DET cjal-3230 232 2 new new ADJ cjal-3230 232 3 land land NOUN cjal-3230 232 4 tax tax NOUN cjal-3230 232 5 applies apply VERB cjal-3230 232 6 to to ADP cjal-3230 232 7 all all DET cjal-3230 232 8 areas area NOUN cjal-3230 232 9 and and CCONJ cjal-3230 232 10 applies apply VERB cjal-3230 232 11 to to ADP cjal-3230 232 12 all all DET cjal-3230 232 13 types type NOUN cjal-3230 232 14 of of ADP cjal-3230 232 15 landholders landholder NOUN cjal-3230 232 16 ( ( PUNCT cjal-3230 232 17 i.e. i.e. X cjal-3230 232 18 , , PUNCT cjal-3230 232 19 both both CCONJ cjal-3230 232 20 residential residential ADJ cjal-3230 232 21 and and CCONJ cjal-3230 232 22 commercial commercial ADJ cjal-3230 232 23 property property NOUN cjal-3230 232 24 ) ) PUNCT cjal-3230 232 25 . . PUNCT cjal-3230 233 1 the the DET cjal-3230 233 2 most most ADV cjal-3230 233 3 significant significant ADJ cjal-3230 233 4 change change NOUN cjal-3230 233 5 is be AUX cjal-3230 233 6 the the DET cjal-3230 233 7 52 52 NUM cjal-3230 233 8 i i PRON cjal-3230 233 9 d. d. NOUN cjal-3230 233 10 53 53 NUM cjal-3230 233 11 the the DET cjal-3230 233 12 government government NOUN cjal-3230 233 13 tax tax NOUN cjal-3230 233 14 standard standard ADJ cjal-3230 233 15 value value NOUN cjal-3230 233 16 will will AUX cjal-3230 233 17 be be AUX cjal-3230 233 18 determined determine VERB cjal-3230 233 19 by by ADP cjal-3230 233 20 the the DET cjal-3230 233 21 national national ADJ cjal-3230 233 22 tax tax NOUN cjal-3230 233 23 service service NOUN cjal-3230 233 24 ( ( PUNCT cjal-3230 233 25 " " PUNCT cjal-3230 233 26 nts nt NOUN cjal-3230 233 27 " " PUNCT cjal-3230 233 28 ) ) PUNCT cjal-3230 233 29 . . PUNCT cjal-3230 234 1 the the DET cjal-3230 234 2 nts nt NOUN cjal-3230 234 3 will will AUX cjal-3230 234 4 make make VERB cjal-3230 234 5 its its PRON cjal-3230 234 6 announcement announcement NOUN cjal-3230 234 7 january january PROPN cjal-3230 234 8 1 1 NUM cjal-3230 234 9 of of ADP cjal-3230 234 10 each each DET cjal-3230 234 11 year year NOUN cjal-3230 234 12 , , PUNCT cjal-3230 234 13 beginning begin VERB cjal-3230 234 14 on on ADP cjal-3230 234 15 january january PROPN cjal-3230 234 16 2004 2004 NUM cjal-3230 234 17 . . PUNCT cjal-3230 235 1 the the DET cjal-3230 235 2 government government NOUN cjal-3230 235 3 declared declare VERB cjal-3230 235 4 value value NOUN cjal-3230 235 5 ( ( PUNCT cjal-3230 235 6 " " PUNCT cjal-3230 235 7 gdv gdv NOUN cjal-3230 235 8 " " PUNCT cjal-3230 235 9 ) ) PUNCT cjal-3230 235 10 will will AUX cjal-3230 235 11 be be AUX cjal-3230 235 12 determined determine VERB cjal-3230 235 13 on on ADP cjal-3230 235 14 june june PROPN cjal-3230 235 15 1 1 NUM cjal-3230 235 16 of of ADP cjal-3230 235 17 each each DET cjal-3230 235 18 year year NOUN cjal-3230 235 19 . . PUNCT cjal-3230 236 1 affected affect VERB cjal-3230 236 2 taxpayers taxpayer NOUN cjal-3230 236 3 will will AUX cjal-3230 236 4 pay pay VERB cjal-3230 236 5 property property NOUN cjal-3230 236 6 tax tax NOUN cjal-3230 236 7 between between ADP cjal-3230 236 8 july july PROPN cjal-3230 236 9 16 16 NUM cjal-3230 236 10 and and CCONJ cjal-3230 236 11 july july PROPN cjal-3230 236 12 31 31 NUM cjal-3230 236 13 of of ADP cjal-3230 236 14 the the DET cjal-3230 236 15 same same ADJ cjal-3230 236 16 taxable taxable ADJ cjal-3230 236 17 year year NOUN cjal-3230 236 18 . . PUNCT cjal-3230 237 1 14 14 NUM cjal-3230 238 1 the the DET cjal-3230 238 2 government government NOUN cjal-3230 238 3 declared declare VERB cjal-3230 238 4 value value NOUN cjal-3230 238 5 ( ( PUNCT cjal-3230 238 6 " " PUNCT cjal-3230 238 7 gdv gdv NOUN cjal-3230 238 8 " " PUNCT cjal-3230 238 9 ) ) PUNCT cjal-3230 238 10 aims aim VERB cjal-3230 238 11 to to PART cjal-3230 238 12 more more ADV cjal-3230 238 13 accurately accurately ADV cjal-3230 238 14 reflect reflect VERB cjal-3230 238 15 the the DET cjal-3230 238 16 fair fair ADJ cjal-3230 238 17 market market NOUN cjal-3230 238 18 value value NOUN cjal-3230 238 19 ( ( PUNCT cjal-3230 238 20 " " PUNCT cjal-3230 238 21 fmv fmv PROPN cjal-3230 238 22 " " PUNCT cjal-3230 238 23 ) ) PUNCT cjal-3230 238 24 of of ADP cjal-3230 238 25 property property NOUN cjal-3230 238 26 since since SCONJ cjal-3230 238 27 the the DET cjal-3230 238 28 government government NOUN cjal-3230 238 29 believes believe VERB cjal-3230 238 30 the the DET cjal-3230 238 31 current current ADJ cjal-3230 238 32 property property NOUN cjal-3230 238 33 taxation taxation NOUN cjal-3230 238 34 method method NOUN cjal-3230 238 35 under under ADP cjal-3230 238 36 taxes taxis NOUN cjal-3230 238 37 property property NOUN cjal-3230 238 38 owners owner NOUN cjal-3230 238 39 . . PUNCT cjal-3230 239 1 that that PRON cjal-3230 239 2 is is ADV cjal-3230 239 3 , , PUNCT cjal-3230 239 4 the the DET cjal-3230 239 5 current current ADJ cjal-3230 239 6 property property NOUN cjal-3230 239 7 valuation valuation NOUN cjal-3230 239 8 ( ( PUNCT cjal-3230 239 9 upon upon SCONJ cjal-3230 239 10 which which PRON cjal-3230 239 11 property property NOUN cjal-3230 239 12 taxes taxis NOUN cjal-3230 239 13 owed owe VERB cjal-3230 239 14 are be AUX cjal-3230 239 15 calculated calculate VERB cjal-3230 239 16 ) ) PUNCT cjal-3230 239 17 now now ADV cjal-3230 239 18 is be AUX cjal-3230 239 19 perceived perceive VERB cjal-3230 239 20 by by ADP cjal-3230 239 21 the the DET cjal-3230 239 22 government government NOUN cjal-3230 239 23 to to PART cjal-3230 239 24 underestimate underestimate VERB cjal-3230 239 25 the the DET cjal-3230 239 26 fmv fmv NOUN cjal-3230 239 27 of of ADP cjal-3230 239 28 property property NOUN cjal-3230 239 29 in in ADP cjal-3230 239 30 korea korea PROPN cjal-3230 239 31 . . PUNCT cjal-3230 240 1 the the DET cjal-3230 240 2 national national ADJ cjal-3230 240 3 tax tax NOUN cjal-3230 240 4 service service NOUN cjal-3230 240 5 ( ( PUNCT cjal-3230 240 6 " " PUNCT cjal-3230 240 7 nts nt NOUN cjal-3230 240 8 " " PUNCT cjal-3230 240 9 ) ) PUNCT cjal-3230 240 10 will will AUX cjal-3230 240 11 make make VERB cjal-3230 240 12 public public ADJ cjal-3230 240 13 announcements announcement NOUN cjal-3230 240 14 as as ADP cjal-3230 240 15 to to ADP cjal-3230 240 16 the the DET cjal-3230 240 17 value value NOUN cjal-3230 240 18 of of ADP cjal-3230 240 19 property property NOUN cjal-3230 240 20 each each DET cjal-3230 240 21 year year NOUN cjal-3230 240 22 . . PUNCT cjal-3230 241 1 see see VERB cjal-3230 241 2 national national ADJ cjal-3230 241 3 tax tax NOUN cjal-3230 241 4 service service NOUN cjal-3230 241 5 ( ( PUNCT cjal-3230 241 6 nts nt NOUN cjal-3230 241 7 ) ) PUNCT cjal-3230 241 8 , , PUNCT cjal-3230 241 9 available available ADJ cjal-3230 241 10 at at ADP cjal-3230 241 11 http://www.nts.go.kr/menu/users/ntsdetail/refer http://www.nts.go.kr/menu/users/ntsdetail/refer NOUN cjal-3230 241 12 call call NOUN cjal-3230 241 13 1 1 NUM cjal-3230 241 14 1.htm 1.htm NUM cjal-3230 241 15 " " PUNCT cjal-3230 241 16 see see VERB cjal-3230 241 17 i i PRON cjal-3230 241 18 d. d. PROPN cjal-3230 241 19 56 56 NUM cjal-3230 241 20 see see VERB cjal-3230 241 21 i i PRON cjal-3230 241 22 d. d. PROPN cjal-3230 241 23 17 17 NUM cjal-3230 241 24 comprehensive comprehensive ADJ cjal-3230 241 25 land land NOUN cjal-3230 241 26 tax tax NOUN cjal-3230 241 27 ( ( PUNCT cjal-3230 241 28 " " PUNCT cjal-3230 241 29 new new ADJ cjal-3230 241 30 land land NOUN cjal-3230 241 31 tax tax NOUN cjal-3230 241 32 " " PUNCT cjal-3230 241 33 ) ) PUNCT cjal-3230 241 34 formula formula NOUN cjal-3230 241 35 : : PUNCT cjal-3230 241 36 new new ADJ cjal-3230 241 37 land land NOUN cjal-3230 241 38 tax tax NOUN cjal-3230 241 39 = = SYM cjal-3230 241 40 statutory statutory ADJ cjal-3230 241 41 standard standard ADJ cjal-3230 241 42 price price NOUN cjal-3230 241 43 on on ADP cjal-3230 241 44 land land NOUN cjal-3230 241 45 * * PUNCT cjal-3230 241 46 tax tax NOUN cjal-3230 241 47 rate rate NOUN cjal-3230 241 48 where where SCONJ cjal-3230 241 49 : : PUNCT cjal-3230 241 50 statutory statutory ADJ cjal-3230 241 51 standard standard ADJ cjal-3230 241 52 price price NOUN cjal-3230 241 53 on on ADP cjal-3230 241 54 land land NOUN cjal-3230 241 55 : : PUNCT cjal-3230 241 56 government government NOUN cjal-3230 241 57 declared declare VERB cjal-3230 241 58 value value NOUN cjal-3230 241 59 ( ( PUNCT cjal-3230 241 60 " " PUNCT cjal-3230 241 61 gdv gdv NOUN cjal-3230 241 62 " " PUNCT cjal-3230 241 63 ) ) PUNCT cjal-3230 242 1 * * PUNCT cjal-3230 242 2 ratio ratio NOUN cjal-3230 242 3 of of ADP cjal-3230 242 4 actualization actualization NOUN cjal-3230 242 5 on on ADP cjal-3230 242 6 standard standard NOUN cjal-3230 242 7 of of ADP cjal-3230 242 8 assessment assessment NOUN cjal-3230 242 9 ( ( PUNCT cjal-3230 242 10 " " PUNCT cjal-3230 242 11 asa asa PROPN cjal-3230 242 12 " " PUNCT cjal-3230 242 13 ) ) PUNCT cjal-3230 242 14 * * PUNCT cjal-3230 242 15 property property NOUN cjal-3230 242 16 area area NOUN cjal-3230 242 17 gdv gdv NOUN cjal-3230 242 18 government government NOUN cjal-3230 242 19 declared declare VERB cjal-3230 242 20 value value NOUN cjal-3230 242 21 of of ADP cjal-3230 242 22 property property NOUN cjal-3230 242 23 ( ( PUNCT cjal-3230 242 24 i.e. i.e. X cjal-3230 242 25 , , PUNCT cjal-3230 242 26 not not PART cjal-3230 242 27 based base VERB cjal-3230 242 28 entirely entirely ADV cjal-3230 242 29 on on ADP cjal-3230 242 30 fair fair ADJ cjal-3230 242 31 market market NOUN cjal-3230 242 32 value value NOUN cjal-3230 242 33 of of ADP cjal-3230 242 34 property property NOUN cjal-3230 242 35 ) ) PUNCT cjal-3230 242 36 asa asa PROPN cjal-3230 242 37 : : PUNCT cjal-3230 242 38 gdv gdv NOUN cjal-3230 242 39 / / SYM cjal-3230 242 40 fmv fmv PROPN cjal-3230 242 41 property property NOUN cjal-3230 242 42 area area NOUN cjal-3230 242 43 : : PUNCT cjal-3230 242 44 area area NOUN cjal-3230 242 45 of of ADP cjal-3230 242 46 property property NOUN cjal-3230 242 47 measured measure VERB cjal-3230 242 48 in in ADP cjal-3230 242 49 terms term NOUN cjal-3230 242 50 of of ADP cjal-3230 242 51 square square ADJ cjal-3230 242 52 meters meter NOUN cjal-3230 242 53 tax tax NOUN cjal-3230 242 54 rate rate NOUN cjal-3230 242 55 : : PUNCT cjal-3230 242 56 ranges range VERB cjal-3230 242 57 from from ADP cjal-3230 242 58 0.2%-5 0.2%-5 NUM cjal-3230 242 59 % % NOUN cjal-3230 242 60 ( ( PUNCT cjal-3230 242 61 for for ADP cjal-3230 242 62 both both CCONJ cjal-3230 242 63 land land NOUN cjal-3230 242 64 and/or and/or CCONJ cjal-3230 242 65 property property NOUN cjal-3230 242 66 ) ) PUNCT cjal-3230 242 67 see see VERB cjal-3230 243 1 code code NOUN cjal-3230 243 2 civil civil ADJ cjal-3230 244 1 [ [ X cjal-3230 244 2 c. c. PROPN cjal-3230 244 3 civ civ NOUN cjal-3230 244 4 . . PUNCT cjal-3230 244 5 ] ] PUNCT cjal-3230 245 1 [ [ PUNCT cjal-3230 245 2 t t X cjal-3230 245 3 i i NOUN cjal-3230 245 4 ._f-;11 ._f-;11 PROPN cjal-3230 245 5 ] ] PUNCT cjal-3230 246 1 [ [ X cjal-3230 246 2 jong jong PROPN cjal-3230 246 3 - - PUNCT cjal-3230 246 4 hap hap PROPN cjal-3230 246 5 tohjiseh tohjiseh PROPN cjal-3230 246 6 ] ] X cjal-3230 247 1 [ [ X cjal-3230 247 2 comprehensive comprehensive ADJ cjal-3230 247 3 land land NOUN cjal-3230 247 4 tax tax NOUN cjal-3230 247 5 law law NOUN cjal-3230 247 6 ] ] PUNCT cjal-3230 247 7 , , PUNCT cjal-3230 247 8 art art NOUN cjal-3230 247 9 . . PUNCT cjal-3230 248 1 194 194 NUM cjal-3230 248 2 , , PUNCT cjal-3230 248 3 para para PROPN cjal-3230 248 4 . . PROPN cjal-3230 248 5 , , PUNCT cjal-3230 248 6 16 16 NUM cjal-3230 248 7 , , PUNCT cjal-3230 248 8 cl cl NOUN cjal-3230 248 9 . . NOUN cjal-3230 248 10 , , PUNCT cjal-3230 248 11 4 4 NUM cjal-3230 248 12 , , PUNCT cjal-3230 249 1 national national ADJ cjal-3230 249 2 tax tax NOUN cjal-3230 249 3 service service NOUN cjal-3230 249 4 ( ( PUNCT cjal-3230 249 5 september september PROPN cjal-3230 249 6 1 1 NUM cjal-3230 249 7 , , PUNCT cjal-3230 249 8 2003 2003 NUM cjal-3230 249 9 ) ) PUNCT cjal-3230 249 10 ( ( PUNCT cjal-3230 249 11 to to PART cjal-3230 249 12 be be AUX cjal-3230 249 13 codified codify VERB cjal-3230 249 14 on on ADP cjal-3230 249 15 or or CCONJ cjal-3230 249 16 about about ADP cjal-3230 249 17 december december PROPN cjal-3230 249 18 31 31 NUM cjal-3230 249 19 , , PUNCT cjal-3230 249 20 2004 2004 NUM cjal-3230 249 21 ) ) PUNCT cjal-3230 250 1 [ [ X cjal-3230 250 2 hereinafter hereinafter NOUN cjal-3230 250 3 local local ADJ cjal-3230 250 4 tax tax NOUN cjal-3230 250 5 law law NOUN cjal-3230 250 6 ] ] PUNCT cjal-3230 251 1 [ [ X cjal-3230 251 2 18:1 18:1 NUM cjal-3230 251 3 anti anti ADJ cjal-3230 251 4 - - ADJ cjal-3230 251 5 specula specula ADJ cjal-3230 251 6 tion tion NOUN cjal-3230 251 7 laws law NOUN cjal-3230 251 8 and and CCONJ cjal-3230 251 9 their their PRON cjal-3230 251 10 impa impa PROPN cjal-3230 251 11 ct ct NUM cjal-3230 251 12 imposition imposition NOUN cjal-3230 251 13 of of ADP cjal-3230 251 14 much much ADV cjal-3230 251 15 heavier heavy ADJ cjal-3230 251 16 landholding landholding NOUN cjal-3230 251 17 tax tax NOUN cjal-3230 251 18 obligations obligation NOUN cjal-3230 251 19 , , PUNCT cjal-3230 251 20 from from ADP cjal-3230 251 21 the the DET cjal-3230 251 22 current current ADJ cjal-3230 251 23 range range NOUN cjal-3230 251 24 of of ADP cjal-3230 251 25 36.1 36.1 NUM cjal-3230 251 26 - - SYM cjal-3230 251 27 39.1 39.1 NUM cjal-3230 251 28 % % NOUN cjal-3230 251 29 " " PUNCT cjal-3230 251 30 8 8 NUM cjal-3230 251 31 to to PART cjal-3230 251 32 50 50 NUM cjal-3230 251 33 % % NOUN cjal-3230 251 34 ( ( PUNCT cjal-3230 251 35 a a DET cjal-3230 251 36 total total ADJ cjal-3230 251 37 tax tax NOUN cjal-3230 251 38 increase increase NOUN cjal-3230 251 39 of of ADP cjal-3230 251 40 39 39 NUM cjal-3230 251 41 % % NOUN cjal-3230 251 42 and and CCONJ cjal-3230 251 43 28 28 NUM cjal-3230 251 44 % % NOUN cjal-3230 251 45 , , PUNCT cjal-3230 251 46 respectively respectively ADV cjal-3230 251 47 ) ) PUNCT cjal-3230 251 48 of of ADP cjal-3230 251 49 the the DET cjal-3230 251 50 government government NOUN cjal-3230 251 51 declared declare VERB cjal-3230 251 52 value value NOUN cjal-3230 251 53 ( ( PUNCT cjal-3230 251 54 " " PUNCT cjal-3230 251 55 gdv")59 gdv")59 NUM cjal-3230 251 56 by by ADP cjal-3230 251 57 2006.6 2006.6 NUM cjal-3230 251 58 thus thus ADV cjal-3230 251 59 , , PUNCT cjal-3230 251 60 for for ADP cjal-3230 251 61 the the DET cjal-3230 251 62 next next ADJ cjal-3230 251 63 two two NUM cjal-3230 251 64 years6 years6 NOUN cjal-3230 251 65 " " PUNCT cjal-3230 251 66 in in ADP cjal-3230 251 67 2004 2004 NUM cjal-3230 251 68 and and CCONJ cjal-3230 251 69 2005 2005 NUM cjal-3230 251 70 , , PUNCT cjal-3230 251 71 the the DET cjal-3230 251 72 government government NOUN cjal-3230 251 73 will will AUX cjal-3230 251 74 increase increase VERB cjal-3230 251 75 the the DET cjal-3230 251 76 relevant relevant ADJ cjal-3230 251 77 landholding landholde VERB cjal-3230 251 78 taxes taxis NOUN cjal-3230 251 79 3 3 NUM cjal-3230 251 80 % % NOUN cjal-3230 251 81 each each DET cjal-3230 251 82 year year NOUN cjal-3230 251 83 . . PUNCT cjal-3230 252 1 much much ADV cjal-3230 252 2 like like ADP cjal-3230 252 3 the the DET cjal-3230 252 4 new new ADJ cjal-3230 252 5 property property NOUN cjal-3230 252 6 tax tax NOUN cjal-3230 252 7 , , PUNCT cjal-3230 252 8 the the DET cjal-3230 252 9 new new ADJ cjal-3230 252 10 land land NOUN cjal-3230 252 11 tax tax NOUN cjal-3230 252 12 attempts attempt NOUN cjal-3230 252 13 to to PART cjal-3230 252 14 bring bring VERB cjal-3230 252 15 gdv gdv NOUN cjal-3230 252 16 closer close ADV cjal-3230 252 17 to to ADP cjal-3230 252 18 fmv fmv NOUN cjal-3230 252 19 in in ADP cjal-3230 252 20 an an DET cjal-3230 252 21 effort effort NOUN cjal-3230 252 22 to to PART cjal-3230 252 23 increase increase VERB cjal-3230 252 24 tax tax NOUN cjal-3230 252 25 obligations obligation NOUN cjal-3230 252 26 on on ADP cjal-3230 252 27 high high ADJ cjal-3230 252 28 net net ADJ cjal-3230 252 29 worth worth ADJ cjal-3230 252 30 property property NOUN cjal-3230 252 31 per per ADP cjal-3230 252 32 the the DET cjal-3230 252 33 government government NOUN cjal-3230 252 34 's 's PART cjal-3230 252 35 taxation taxation NOUN cjal-3230 252 36 formula formula NOUN cjal-3230 252 37 , , PUNCT cjal-3230 252 38 most most ADV cjal-3230 252 39 notably notably ADV cjal-3230 252 40 in in ADP cjal-3230 252 41 the the DET cjal-3230 252 42 kangnam kangnam NOUN cjal-3230 252 43 and and CCONJ cjal-3230 252 44 other other ADJ cjal-3230 252 45 government government NOUN cjal-3230 252 46 designated designate VERB cjal-3230 252 47 anti anti ADJ cjal-3230 252 48 - - ADJ cjal-3230 252 49 speculation speculation ADJ cjal-3230 252 50 zone zone NOUN cjal-3230 252 51 areas area NOUN cjal-3230 252 52 . . PUNCT cjal-3230 253 1 c. c. NOUN cjal-3230 253 2 anti anti ADJ cjal-3230 253 3 - - ADJ cjal-3230 253 4 speculation speculation ADJ cjal-3230 253 5 capital capital NOUN cjal-3230 253 6 gains gain NOUN cjal-3230 253 7 tax tax NOUN cjal-3230 253 8 scheme scheme NOUN cjal-3230 253 9 in in ADP cjal-3230 253 10 general general ADJ cjal-3230 253 11 , , PUNCT cjal-3230 253 12 korean korean ADJ cjal-3230 253 13 capital capital NOUN cjal-3230 253 14 gains gain NOUN cjal-3230 253 15 tax tax NOUN cjal-3230 253 16 is be AUX cjal-3230 253 17 a a DET cjal-3230 253 18 tax tax NOUN cjal-3230 253 19 assessed assess VERB cjal-3230 253 20 on on ADP cjal-3230 253 21 profits profit NOUN cjal-3230 253 22 realized realize VERB cjal-3230 253 23 from from ADP cjal-3230 253 24 the the DET cjal-3230 253 25 sale sale NOUN cjal-3230 253 26 of of ADP cjal-3230 253 27 a a DET cjal-3230 253 28 capital capital NOUN cjal-3230 253 29 asset asset NOUN cjal-3230 253 30 , , PUNCT cjal-3230 253 31 including include VERB cjal-3230 253 32 on on ADP cjal-3230 253 33 property property NOUN cjal-3230 253 34 in in ADP cjal-3230 253 35 korea korea PROPN cjal-3230 253 36 . . PUNCT cjal-3230 254 1 the the DET cjal-3230 254 2 anti anti ADJ cjal-3230 254 3 - - ADJ cjal-3230 254 4 speculation speculation ADJ cjal-3230 254 5 capital capital NOUN cjal-3230 254 6 gains gain NOUN cjal-3230 254 7 tax tax NOUN cjal-3230 254 8 scheme scheme NOUN cjal-3230 254 9 ( ( PUNCT cjal-3230 254 10 " " PUNCT cjal-3230 254 11 new new ADJ cjal-3230 254 12 cgt cgt PROPN cjal-3230 254 13 " " PUNCT cjal-3230 254 14 ) ) PUNCT cjal-3230 254 15 is be AUX cjal-3230 254 16 a a DET cjal-3230 254 17 function function NOUN cjal-3230 254 18 of of ADP cjal-3230 254 19 three three NUM cjal-3230 254 20 variables variable NOUN cjal-3230 254 21 : : PUNCT cjal-3230 254 22 ( ( PUNCT cjal-3230 254 23 1 1 X cjal-3230 254 24 ) ) PUNCT cjal-3230 254 25 number number NOUN cjal-3230 254 26 of of ADP cjal-3230 254 27 property property NOUN cjal-3230 254 28 or or CCONJ cjal-3230 254 29 properties property NOUN cjal-3230 254 30 owned own VERB cjal-3230 254 31 ( ( PUNCT cjal-3230 254 32 2 2 NUM cjal-3230 254 33 ) ) PUNCT cjal-3230 254 34 length length NOUN cjal-3230 254 35 5 5 NUM cjal-3230 254 36 ' ' PUNCT cjal-3230 254 37 in in ADP cjal-3230 254 38 2003 2003 NUM cjal-3230 254 39 , , PUNCT cjal-3230 254 40 the the DET cjal-3230 254 41 national national ADJ cjal-3230 254 42 average average NOUN cjal-3230 254 43 on on ADP cjal-3230 254 44 the the DET cjal-3230 254 45 ratio ratio NOUN cjal-3230 254 46 of of ADP cjal-3230 254 47 actualization actualization NOUN cjal-3230 254 48 on on ADP cjal-3230 254 49 the the DET cjal-3230 254 50 standard standard NOUN cjal-3230 254 51 of of ADP cjal-3230 254 52 assessment assessment NOUN cjal-3230 254 53 on on ADP cjal-3230 254 54 property property NOUN cjal-3230 254 55 tax tax NOUN cjal-3230 254 56 was be AUX cjal-3230 254 57 36 36 NUM cjal-3230 254 58 % % NOUN cjal-3230 254 59 . . PUNCT cjal-3230 255 1 the the DET cjal-3230 255 2 local local ADJ cjal-3230 255 3 average average NOUN cjal-3230 255 4 on on ADP cjal-3230 255 5 the the DET cjal-3230 255 6 ratio ratio NOUN cjal-3230 255 7 of of ADP cjal-3230 255 8 actualization actualization NOUN cjal-3230 255 9 on on ADP cjal-3230 255 10 the the DET cjal-3230 255 11 standard standard NOUN cjal-3230 255 12 of of ADP cjal-3230 255 13 assessment assessment NOUN cjal-3230 255 14 on on ADP cjal-3230 255 15 property property NOUN cjal-3230 255 16 tax tax NOUN cjal-3230 255 17 was be AUX cjal-3230 255 18 39.1 39.1 NUM cjal-3230 255 19 % % NOUN cjal-3230 255 20 . . PUNCT cjal-3230 256 1 ratio ratio NOUN cjal-3230 256 2 of of ADP cjal-3230 256 3 actualization actualization NOUN cjal-3230 256 4 on on ADP cjal-3230 256 5 standard standard NOUN cjal-3230 256 6 of of ADP cjal-3230 256 7 assessment assessment NOUN cjal-3230 256 8 on on ADP cjal-3230 256 9 property property NOUN cjal-3230 256 10 tax tax NOUN cjal-3230 256 11 ( ( PUNCT cjal-3230 256 12 2003 2003 NUM cjal-3230 256 13 ) ) PUNCT cjal-3230 256 14 national national PROPN cjal-3230 256 15 average average ADJ cjal-3230 256 16 seoul seoul PROPN cjal-3230 256 17 gyeonggi gyeonggi PROPN cjal-3230 256 18 average average ADJ cjal-3230 256 19 36.1 36.1 NUM cjal-3230 256 20 % % NOUN cjal-3230 256 21 35.2.% 35.2.% NUM cjal-3230 256 22 35.5 35.5 NUM cjal-3230 256 23 % % NOUN cjal-3230 256 24 minimum minimum NOUN cjal-3230 256 25 30.3 30.3 NUM cjal-3230 256 26 % % NOUN cjal-3230 256 27 ( ( PUNCT cjal-3230 256 28 paju paju VERB cjal-3230 256 29 district district NOUN cjal-3230 256 30 ) ) PUNCT cjal-3230 256 31 34.1 34.1 NUM cjal-3230 256 32 % % NOUN cjal-3230 256 33 ( ( PUNCT cjal-3230 256 34 mapo mapo PROPN cjal-3230 256 35 district district PROPN cjal-3230 256 36 ) ) PUNCT cjal-3230 256 37 30.3 30.3 NUM cjal-3230 256 38 % % NOUN cjal-3230 256 39 ( ( PUNCT cjal-3230 256 40 paju paju VERB cjal-3230 256 41 district district NOUN cjal-3230 256 42 ) ) PUNCT cjal-3230 256 43 maximum maximum NOUN cjal-3230 256 44 46.0 46.0 NUM cjal-3230 256 45 % % NOUN cjal-3230 256 46 ( ( PUNCT cjal-3230 256 47 uleoun uleoun NOUN cjal-3230 256 48 district district NOUN cjal-3230 256 49 ) ) PUNCT cjal-3230 256 50 36.7 36.7 NUM cjal-3230 256 51 % % NOUN cjal-3230 256 52 ( ( PUNCT cjal-3230 256 53 secheo secheo PROPN cjal-3230 256 54 district district NOUN cjal-3230 256 55 ) ) PUNCT cjal-3230 256 56 39.0 39.0 NUM cjal-3230 256 57 % % NOUN cjal-3230 256 58 ( ( PUNCT cjal-3230 256 59 phochun phochun PROPN cjal-3230 256 60 district district NOUN cjal-3230 256 61 ) ) PUNCT cjal-3230 256 62 see see VERB cjal-3230 256 63 ministry ministry PROPN cjal-3230 256 64 of of ADP cjal-3230 256 65 government government NOUN cjal-3230 256 66 and and CCONJ cjal-3230 256 67 home home NOUN cjal-3230 256 68 affairs affair NOUN cjal-3230 256 69 ( ( PUNCT cjal-3230 256 70 " " PUNCT cjal-3230 256 71 mogaha mogaha NOUN cjal-3230 256 72 " " PUNCT cjal-3230 256 73 ) ) PUNCT cjal-3230 256 74 , , PUNCT cjal-3230 256 75 available available ADJ cjal-3230 256 76 at at ADP cjal-3230 256 77 http://www.mogaha.go.kr/webapp/bbs/notice http://www.mogaha.go.kr/webapp/bbs/notice PROPN cjal-3230 256 78 . . PUNCT cjal-3230 257 1 ( ( PUNCT cjal-3230 257 2 website website NOUN cjal-3230 257 3 temporarily temporarily ADV cjal-3230 257 4 under under ADP cjal-3230 257 5 construction construction NOUN cjal-3230 257 6 ) ) PUNCT cjal-3230 257 7 59 59 NUM cjal-3230 257 8 the the DET cjal-3230 257 9 government government NOUN cjal-3230 257 10 declared declare VERB cjal-3230 257 11 value value NOUN cjal-3230 257 12 ( ( PUNCT cjal-3230 257 13 " " PUNCT cjal-3230 257 14 gdv gdv NOUN cjal-3230 257 15 " " PUNCT cjal-3230 257 16 ) ) PUNCT cjal-3230 257 17 of of ADP cjal-3230 257 18 property property NOUN cjal-3230 257 19 will will AUX cjal-3230 257 20 be be AUX cjal-3230 257 21 assessed assess VERB cjal-3230 257 22 pursuant pursuant ADV cjal-3230 257 23 to to ADP cjal-3230 257 24 the the DET cjal-3230 257 25 following follow VERB cjal-3230 257 26 procedure procedure NOUN cjal-3230 257 27 . . PUNCT cjal-3230 258 1 on on ADP cjal-3230 258 2 or or CCONJ cjal-3230 258 3 about about ADP cjal-3230 258 4 january january PROPN cjal-3230 258 5 1 1 NUM cjal-3230 258 6 of of ADP cjal-3230 258 7 each each DET cjal-3230 258 8 year year NOUN cjal-3230 258 9 , , PUNCT cjal-3230 258 10 the the DET cjal-3230 258 11 local local ADJ cjal-3230 258 12 government government NOUN cjal-3230 258 13 districts district NOUN cjal-3230 258 14 ( ( PUNCT cjal-3230 258 15 -l -l INTJ cjal-3230 258 16 , , PUNCT cjal-3230 258 17 x.- x.- PROPN cjal-3230 258 18 ' ' PUNCT cjal-3230 258 19 ) ) PUNCT cjal-3230 258 20 will will AUX cjal-3230 258 21 perform perform VERB cjal-3230 258 22 due due ADJ cjal-3230 258 23 diligence diligence NOUN cjal-3230 258 24 regarding regard VERB cjal-3230 258 25 the the DET cjal-3230 258 26 fair fair ADJ cjal-3230 258 27 market market NOUN cjal-3230 258 28 value value NOUN cjal-3230 258 29 of of ADP cjal-3230 258 30 property property NOUN cjal-3230 258 31 in in ADP cjal-3230 258 32 korea korea PROPN cjal-3230 258 33 . . PUNCT cjal-3230 259 1 on on ADP cjal-3230 259 2 or or CCONJ cjal-3230 259 3 about about ADP cjal-3230 259 4 june june PROPN cjal-3230 259 5 30 30 NUM cjal-3230 259 6 , , PUNCT cjal-3230 259 7 based base VERB cjal-3230 259 8 on on ADP cjal-3230 259 9 such such ADJ cjal-3230 259 10 due due ADJ cjal-3230 259 11 diligence diligence NOUN cjal-3230 259 12 , , PUNCT cjal-3230 259 13 the the DET cjal-3230 259 14 national national ADJ cjal-3230 259 15 tax tax NOUN cjal-3230 259 16 service service NOUN cjal-3230 259 17 ( ( PUNCT cjal-3230 259 18 " " PUNCT cjal-3230 259 19 nts nt NOUN cjal-3230 259 20 " " PUNCT cjal-3230 259 21 ) ) PUNCT cjal-3230 259 22 will will AUX cjal-3230 259 23 decide decide VERB cjal-3230 259 24 upon upon SCONJ cjal-3230 259 25 relevant relevant ADJ cjal-3230 259 26 gdv gdv NOUN cjal-3230 259 27 figures figure NOUN cjal-3230 259 28 ( ( PUNCT cjal-3230 259 29 for for ADP cjal-3230 259 30 purposes purpose NOUN cjal-3230 259 31 of of ADP cjal-3230 259 32 tax tax NOUN cjal-3230 259 33 calculation calculation NOUN cjal-3230 259 34 ) ) PUNCT cjal-3230 259 35 that that PRON cjal-3230 259 36 will will AUX cjal-3230 259 37 be be AUX cjal-3230 259 38 disclosed disclose VERB cjal-3230 259 39 in in ADP cjal-3230 259 40 a a DET cjal-3230 259 41 subsequent subsequent ADJ cjal-3230 259 42 public public ADJ cjal-3230 259 43 announcement announcement NOUN cjal-3230 259 44 . . PUNCT cjal-3230 260 1 property property NOUN cjal-3230 260 2 owners owner NOUN cjal-3230 260 3 will will AUX cjal-3230 260 4 thus thus ADV cjal-3230 260 5 be be AUX cjal-3230 260 6 informed inform VERB cjal-3230 260 7 of of ADP cjal-3230 260 8 the the DET cjal-3230 260 9 declared declare VERB cjal-3230 260 10 value value NOUN cjal-3230 260 11 on on ADP cjal-3230 260 12 their their PRON cjal-3230 260 13 property property NOUN cjal-3230 260 14 . . PUNCT cjal-3230 261 1 further far ADV cjal-3230 261 2 , , PUNCT cjal-3230 261 3 on on ADP cjal-3230 261 4 or or CCONJ cjal-3230 261 5 about about ADP cjal-3230 261 6 june june PROPN cjal-3230 261 7 25 25 NUM cjal-3230 261 8 of of ADP cjal-3230 261 9 the the DET cjal-3230 261 10 same same ADJ cjal-3230 261 11 year year NOUN cjal-3230 261 12 ( ( PUNCT cjal-3230 261 13 i.e. i.e. X cjal-3230 261 14 , , PUNCT cjal-3230 261 15 approximately approximately ADV cjal-3230 261 16 25 25 NUM cjal-3230 261 17 days day NOUN cjal-3230 261 18 following follow VERB cjal-3230 261 19 the the DET cjal-3230 261 20 nts nt NOUN cjal-3230 261 21 ' ' PART cjal-3230 261 22 gdv gdv NOUN cjal-3230 261 23 determination determination NOUN cjal-3230 261 24 ) ) PUNCT cjal-3230 261 25 , , PUNCT cjal-3230 261 26 property property NOUN cjal-3230 261 27 owners owner NOUN cjal-3230 261 28 can can AUX cjal-3230 261 29 also also ADV cjal-3230 261 30 opt opt VERB cjal-3230 261 31 to to PART cjal-3230 261 32 make make VERB cjal-3230 261 33 an an DET cjal-3230 261 34 inquiry inquiry NOUN cjal-3230 261 35 with with ADP cjal-3230 261 36 the the DET cjal-3230 261 37 government government NOUN cjal-3230 261 38 as as ADP cjal-3230 261 39 to to ADP cjal-3230 261 40 the the DET cjal-3230 261 41 declared declare VERB cjal-3230 261 42 value value NOUN cjal-3230 261 43 placed place VERB cjal-3230 261 44 on on ADP cjal-3230 261 45 their their PRON cjal-3230 261 46 property property NOUN cjal-3230 261 47 . . PUNCT cjal-3230 262 1 in in ADP cjal-3230 262 2 the the DET cjal-3230 262 3 event event NOUN cjal-3230 262 4 that that PRON cjal-3230 262 5 such such DET cjal-3230 262 6 an an DET cjal-3230 262 7 inquiry inquiry NOUN cjal-3230 262 8 is be AUX cjal-3230 262 9 made make VERB cjal-3230 262 10 , , PUNCT cjal-3230 262 11 the the DET cjal-3230 262 12 local local ADJ cjal-3230 262 13 government government NOUN cjal-3230 262 14 must must AUX cjal-3230 262 15 respond respond VERB cjal-3230 262 16 within within ADP cjal-3230 262 17 fifteen fifteen NUM cjal-3230 262 18 days day NOUN cjal-3230 262 19 thereafter thereafter ADV cjal-3230 262 20 to to ADP cjal-3230 262 21 the the DET cjal-3230 262 22 inquiring inquire VERB cjal-3230 262 23 party party NOUN cjal-3230 262 24 . . PUNCT cjal-3230 263 1 see see VERB cjal-3230 263 2 infra infra NOUN cjal-3230 263 3 local local ADJ cjal-3230 263 4 tax tax NOUN cjal-3230 263 5 law law NOUN cjal-3230 263 6 . . PUNCT cjal-3230 264 1 6 6 NUM cjal-3230 264 2 i i NOUN cjal-3230 264 3 d. d. PROPN cjal-3230 264 4 61 61 NUM cjal-3230 264 5 in in ADP cjal-3230 264 6 2003 2003 NUM cjal-3230 264 7 , , PUNCT cjal-3230 264 8 the the DET cjal-3230 264 9 average average ADJ cjal-3230 264 10 ratio ratio NOUN cjal-3230 264 11 of of ADP cjal-3230 264 12 actualization actualization NOUN cjal-3230 264 13 on on ADP cjal-3230 264 14 the the DET cjal-3230 264 15 standard standard NOUN cjal-3230 264 16 of of ADP cjal-3230 264 17 assessment assessment NOUN cjal-3230 264 18 was be AUX cjal-3230 264 19 36.1 36.1 NUM cjal-3230 264 20 % % NOUN cjal-3230 264 21 . . PUNCT cjal-3230 265 1 in in ADP cjal-3230 265 2 2004 2004 NUM cjal-3230 265 3 , , PUNCT cjal-3230 265 4 this this DET cjal-3230 265 5 figure figure NOUN cjal-3230 265 6 will will AUX cjal-3230 265 7 increase increase VERB cjal-3230 265 8 to to ADP cjal-3230 265 9 approximately approximately ADV cjal-3230 265 10 39 39 NUM cjal-3230 265 11 - - SYM cjal-3230 265 12 42 42 NUM cjal-3230 265 13 % % NOUN cjal-3230 265 14 , , PUNCT cjal-3230 265 15 and and CCONJ cjal-3230 265 16 to to ADP cjal-3230 265 17 approximately approximately ADV cjal-3230 265 18 42 42 NUM cjal-3230 265 19 - - SYM cjal-3230 265 20 45 45 NUM cjal-3230 265 21 % % NOUN cjal-3230 265 22 in in ADP cjal-3230 265 23 2005 2005 NUM cjal-3230 265 24 . . PUNCT cjal-3230 266 1 regarding regard VERB cjal-3230 266 2 the the DET cjal-3230 266 3 collection collection NOUN cjal-3230 266 4 and and CCONJ cjal-3230 266 5 use use NOUN cjal-3230 266 6 relating relate VERB cjal-3230 266 7 to to ADP cjal-3230 266 8 the the DET cjal-3230 266 9 standard standard NOUN cjal-3230 266 10 of of ADP cjal-3230 266 11 assessment assessment NOUN cjal-3230 266 12 , , PUNCT cjal-3230 266 13 a a DET cjal-3230 266 14 two two NUM cjal-3230 266 15 - - PUNCT cjal-3230 266 16 step step NOUN cjal-3230 266 17 process process NOUN cjal-3230 266 18 is be AUX cjal-3230 266 19 followed follow VERB cjal-3230 266 20 . . PUNCT cjal-3230 267 1 first first ADV cjal-3230 267 2 , , PUNCT cjal-3230 267 3 the the DET cjal-3230 267 4 ministry ministry PROPN cjal-3230 267 5 of of ADP cjal-3230 267 6 government government PROPN cjal-3230 267 7 and and CCONJ cjal-3230 267 8 home home NOUN cjal-3230 267 9 affairs affair NOUN cjal-3230 267 10 ( ( PUNCT cjal-3230 267 11 " " PUNCT cjal-3230 267 12 mogaha mogaha NOUN cjal-3230 267 13 " " PUNCT cjal-3230 267 14 ) ) PUNCT cjal-3230 267 15 reports report VERB cjal-3230 267 16 the the DET cjal-3230 267 17 assessment assessment NOUN cjal-3230 267 18 ratio ratio NOUN cjal-3230 267 19 of of ADP cjal-3230 267 20 the the DET cjal-3230 267 21 standard standard ADJ cjal-3230 267 22 adjustment adjustment NOUN cjal-3230 267 23 rate rate NOUN cjal-3230 267 24 to to ADP cjal-3230 267 25 the the DET cjal-3230 267 26 local local ADJ cjal-3230 267 27 government government NOUN cjal-3230 267 28 authorities authority NOUN cjal-3230 267 29 . . PUNCT cjal-3230 268 1 second second ADV cjal-3230 268 2 , , PUNCT cjal-3230 268 3 the the DET cjal-3230 268 4 local local ADJ cjal-3230 268 5 authorities authority NOUN cjal-3230 268 6 will will AUX cjal-3230 268 7 then then ADV cjal-3230 268 8 announce announce VERB cjal-3230 268 9 on on ADP cjal-3230 268 10 or or CCONJ cjal-3230 268 11 about about ADP cjal-3230 268 12 june june PROPN cjal-3230 268 13 1 1 NUM cjal-3230 268 14 of of ADP cjal-3230 268 15 each each DET cjal-3230 268 16 year year NOUN cjal-3230 268 17 the the DET cjal-3230 268 18 ratio ratio NOUN cjal-3230 268 19 of of ADP cjal-3230 268 20 standard standard ADJ cjal-3230 268 21 adjustment adjustment NOUN cjal-3230 268 22 rate rate NOUN cjal-3230 268 23 set set VERB cjal-3230 268 24 by by ADP cjal-3230 268 25 mogaha mogaha NOUN cjal-3230 268 26 . . PUNCT cjal-3230 269 1 i i PRON cjal-3230 269 2 d. d. PROPN cjal-3230 269 3 2004 2004 NUM cjal-3230 269 4 ] ] PUNCT cjal-3230 269 5 columbia columbia PROPN cjal-3230 269 6 journal journal PROPN cjal-3230 269 7 of of ADP cjal-3230 269 8 asian asian ADJ cjal-3230 269 9 law law NOUN cjal-3230 269 10 of of ADP cjal-3230 269 11 property property NOUN cjal-3230 269 12 ownership ownership NOUN cjal-3230 269 13 ( ( PUNCT cjal-3230 269 14 which which PRON cjal-3230 269 15 is be AUX cjal-3230 269 16 then then ADV cjal-3230 269 17 sub sub ADJ cjal-3230 269 18 - - VERB cjal-3230 269 19 categorized categorize VERB cjal-3230 269 20 into into ADP cjal-3230 269 21 3 3 NUM cjal-3230 269 22 different different ADJ cjal-3230 269 23 holding holding NOUN cjal-3230 269 24 periods period NOUN cjal-3230 269 25 of of ADP cjal-3230 269 26 less less ADJ cjal-3230 269 27 than than ADP cjal-3230 269 28 one one NUM cjal-3230 269 29 year year NOUN cjal-3230 269 30 , , PUNCT cjal-3230 269 31 greater great ADJ cjal-3230 269 32 than than ADP cjal-3230 269 33 one one NUM cjal-3230 269 34 year year NOUN cjal-3230 269 35 but but CCONJ cjal-3230 269 36 less less ADJ cjal-3230 269 37 than than ADP cjal-3230 269 38 two two NUM cjal-3230 269 39 years year NOUN cjal-3230 269 40 , , PUNCT cjal-3230 269 41 or or CCONJ cjal-3230 269 42 two two NUM cjal-3230 269 43 years year NOUN cjal-3230 269 44 or or CCONJ cjal-3230 269 45 more more ADJ cjal-3230 269 46 ) ) PUNCT cjal-3230 269 47 ; ; PUNCT cjal-3230 269 48 and and CCONJ cjal-3230 269 49 ( ( PUNCT cjal-3230 269 50 3 3 X cjal-3230 269 51 ) ) PUNCT cjal-3230 269 52 whether whether SCONJ cjal-3230 269 53 the the DET cjal-3230 269 54 property property NOUN cjal-3230 269 55 owned own VERB cjal-3230 269 56 was be AUX cjal-3230 269 57 registered register VERB cjal-3230 269 58 or or CCONJ cjal-3230 269 59 not not PART cjal-3230 269 60 . . PUNCT cjal-3230 270 1 2 2 NUM cjal-3230 270 2 the the DET cjal-3230 270 3 new new ADJ cjal-3230 270 4 cgt cgt PROPN cjal-3230 270 5 applies apply VERB cjal-3230 270 6 to to ADP cjal-3230 270 7 all all DET cjal-3230 270 8 types type NOUN cjal-3230 270 9 of of ADP cjal-3230 270 10 real real ADJ cjal-3230 270 11 estate estate NOUN cjal-3230 270 12 ( ( PUNCT cjal-3230 270 13 i.e. i.e. X cjal-3230 270 14 , , PUNCT cjal-3230 270 15 both both CCONJ cjal-3230 270 16 residential residential ADJ cjal-3230 270 17 and and CCONJ cjal-3230 270 18 commercial commercial ADJ cjal-3230 270 19 properties property NOUN cjal-3230 270 20 ) ) PUNCT cjal-3230 270 21 and and CCONJ cjal-3230 270 22 applies apply VERB cjal-3230 270 23 to to ADP cjal-3230 270 24 all all DET cjal-3230 270 25 areas area NOUN cjal-3230 270 26 ( ( PUNCT cjal-3230 270 27 i.e. i.e. X cjal-3230 270 28 , , PUNCT cjal-3230 270 29 including include VERB cjal-3230 270 30 both both CCONJ cjal-3230 270 31 kangnam kangnam NOUN cjal-3230 270 32 and and CCONJ cjal-3230 270 33 kangbuk kangbuk NOUN cjal-3230 270 34 ) ) PUNCT cjal-3230 270 35 under under ADP cjal-3230 270 36 the the DET cjal-3230 270 37 current current ADJ cjal-3230 270 38 system system NOUN cjal-3230 270 39 , , PUNCT cjal-3230 270 40 capital capital NOUN cjal-3230 270 41 gains gain NOUN cjal-3230 270 42 tax tax NOUN cjal-3230 270 43 rates rate NOUN cjal-3230 270 44 range range VERB cjal-3230 270 45 from from ADP cjal-3230 270 46 9 9 NUM cjal-3230 270 47 to to PART cjal-3230 270 48 36 36 NUM cjal-3230 270 49 % % NOUN cjal-3230 270 50 , , PUNCT cjal-3230 270 51 depending depend VERB cjal-3230 270 52 on on ADP cjal-3230 270 53 length length NOUN cjal-3230 270 54 of of ADP cjal-3230 270 55 time time NOUN cjal-3230 270 56 of of ADP cjal-3230 270 57 property property NOUN cjal-3230 270 58 ownership ownership NOUN cjal-3230 270 59 . . PUNCT cjal-3230 271 1 moreover moreover ADV cjal-3230 271 2 , , PUNCT cjal-3230 271 3 under under ADP cjal-3230 271 4 the the DET cjal-3230 271 5 current current ADJ cjal-3230 271 6 system system NOUN cjal-3230 271 7 , , PUNCT cjal-3230 271 8 the the DET cjal-3230 271 9 general general ADJ cjal-3230 271 10 rule rule NOUN cjal-3230 271 11 is be AUX cjal-3230 271 12 that that SCONJ cjal-3230 271 13 such such ADJ cjal-3230 271 14 capital capital NOUN cjal-3230 271 15 gains gain NOUN cjal-3230 271 16 taxes taxis NOUN cjal-3230 271 17 are be AUX cjal-3230 271 18 based base VERB cjal-3230 271 19 on on ADP cjal-3230 271 20 the the DET cjal-3230 271 21 government government NOUN cjal-3230 271 22 declared declare VERB cjal-3230 271 23 value value NOUN cjal-3230 271 24 ( ( PUNCT cjal-3230 271 25 " " PUNCT cjal-3230 271 26 gdv gdv NOUN cjal-3230 271 27 " " PUNCT cjal-3230 271 28 ) ) PUNCT cjal-3230 271 29 rather rather ADV cjal-3230 271 30 than than ADP cjal-3230 271 31 fair fair ADJ cjal-3230 271 32 market market NOUN cjal-3230 271 33 value value NOUN cjal-3230 271 34 ( ( PUNCT cjal-3230 271 35 " " PUNCT cjal-3230 271 36 fmv fmv NOUN cjal-3230 271 37 " " PUNCT cjal-3230 271 38 ) ) PUNCT cjal-3230 271 39 , , PUNCT cjal-3230 271 40 which which PRON cjal-3230 271 41 in in ADP cjal-3230 271 42 effect effect NOUN cjal-3230 271 43 lowers lower VERB cjal-3230 271 44 capital capital NOUN cjal-3230 271 45 gains gain NOUN cjal-3230 271 46 tax tax NOUN cjal-3230 271 47 . . PUNCT cjal-3230 272 1 however however ADV cjal-3230 272 2 , , PUNCT cjal-3230 272 3 under under ADP cjal-3230 272 4 the the DET cjal-3230 272 5 new new ADJ cjal-3230 272 6 cgt cgt PROPN cjal-3230 272 7 , , PUNCT cjal-3230 272 8 an an DET cjal-3230 272 9 exception exception NOUN cjal-3230 272 10 to to ADP cjal-3230 272 11 the the DET cjal-3230 272 12 general general ADJ cjal-3230 272 13 rule rule NOUN cjal-3230 272 14 exists exist VERB cjal-3230 272 15 whereby whereby SCONJ cjal-3230 272 16 capital capital NOUN cjal-3230 272 17 gains gain NOUN cjal-3230 272 18 taxes taxis NOUN cjal-3230 272 19 will will AUX cjal-3230 272 20 be be AUX cjal-3230 272 21 applied apply VERB cjal-3230 272 22 based base VERB cjal-3230 272 23 on on ADP cjal-3230 272 24 fmv fmv PROPN cjal-3230 272 25 rather rather ADV cjal-3230 272 26 than than ADP cjal-3230 272 27 gdv gdv NOUN cjal-3230 272 28 , , PUNCT cjal-3230 272 29 which which PRON cjal-3230 272 30 in in ADP cjal-3230 272 31 effect effect NOUN cjal-3230 272 32 increases increase VERB cjal-3230 272 33 capital capital NOUN cjal-3230 272 34 gains gain NOUN cjal-3230 272 35 tax tax NOUN cjal-3230 272 36 relating relate VERB cjal-3230 272 37 to to ADP cjal-3230 272 38 the the DET cjal-3230 272 39 following following NOUN cjal-3230 272 40 : : PUNCT cjal-3230 272 41 short short ADJ cjal-3230 272 42 - - PUNCT cjal-3230 272 43 term term NOUN cjal-3230 272 44 ' ' PUNCT cjal-3230 272 45 speculative speculative ADJ cjal-3230 272 46 real real ADJ cjal-3230 272 47 estate estate NOUN cjal-3230 272 48 investments investment NOUN cjal-3230 272 49 , , PUNCT cjal-3230 272 50 transfer transfer NOUN cjal-3230 272 51 of of ADP cjal-3230 272 52 unregistered unregistered ADJ cjal-3230 272 53 property property NOUN cjal-3230 272 54 , , PUNCT cjal-3230 272 55 luxury luxury NOUN cjal-3230 272 56 property property NOUN cjal-3230 272 57 , , PUNCT cjal-3230 272 58 65 65 NUM cjal-3230 272 59 transfer transfer NOUN cjal-3230 272 60 within within ADP cjal-3230 272 61 government government NOUN cjal-3230 272 62 designated designate VERB cjal-3230 272 63 " " PUNCT cjal-3230 272 64 antispeculation antispeculation NOUN cjal-3230 272 65 zones zone NOUN cjal-3230 272 66 " " PUNCT cjal-3230 272 67 , , PUNCT cjal-3230 272 68 66 66 NUM cjal-3230 272 69 and and CCONJ cjal-3230 272 70 towards towards ADP cjal-3230 272 71 multiple multiple ADJ cjal-3230 272 72 property property NOUN cjal-3230 272 73 holders holder NOUN cjal-3230 272 74 . . PUNCT cjal-3230 273 1 67 67 NUM cjal-3230 274 1 the the DET cjal-3230 274 2 practical practical ADJ cjal-3230 274 3 effect effect NOUN cjal-3230 274 4 of of ADP cjal-3230 274 5 the the DET cjal-3230 274 6 new new ADJ cjal-3230 274 7 cgt cgt PROPN cjal-3230 274 8 is be AUX cjal-3230 274 9 to to PART cjal-3230 274 10 discourage discourage VERB cjal-3230 274 11 real real ADJ cjal-3230 274 12 estate estate NOUN cjal-3230 274 13 speculative speculative ADJ cjal-3230 274 14 investments investment NOUN cjal-3230 274 15 by by ADP cjal-3230 274 16 significantly significantly ADV cjal-3230 274 17 increasing increase VERB cjal-3230 274 18 capital capital NOUN cjal-3230 274 19 gains gain NOUN cjal-3230 274 20 taxation taxation NOUN cjal-3230 274 21 burdens burden NOUN cjal-3230 274 22 to to ADP cjal-3230 274 23 62 62 NUM cjal-3230 274 24 capital capital NOUN cjal-3230 274 25 gains gain NOUN cjal-3230 274 26 tax tax NOUN cjal-3230 274 27 ( ( PUNCT cjal-3230 274 28 " " PUNCT cjal-3230 274 29 cap cap NOUN cjal-3230 274 30 gains gain NOUN cjal-3230 274 31 tax tax NOUN cjal-3230 274 32 " " PUNCT cjal-3230 274 33 ) ) PUNCT cjal-3230 274 34 formula formula NOUN cjal-3230 274 35 : : PUNCT cjal-3230 274 36 cap cap NOUN cjal-3230 274 37 gains gain NOUN cjal-3230 274 38 tax tax NOUN cjal-3230 274 39 = = SYM cjal-3230 274 40 ( ( PUNCT cjal-3230 274 41 capital capital NOUN cjal-3230 274 42 gains gain NOUN cjal-3230 274 43 * * PUNCT cjal-3230 274 44 tax tax NOUN cjal-3230 274 45 rate rate NOUN cjal-3230 274 46 ) ) PUNCT cjal-3230 274 47 deductions deduction NOUN cjal-3230 274 48 where where SCONJ cjal-3230 274 49 : : PUNCT cjal-3230 274 50 reduced reduce VERB cjal-3230 274 51 tax tax NOUN cjal-3230 274 52 rate rate NOUN cjal-3230 274 53 : : PUNCT cjal-3230 274 54 property property NOUN cjal-3230 274 55 owners owner NOUN cjal-3230 274 56 who who PRON cjal-3230 274 57 hold hold VERB cjal-3230 274 58 property property NOUN cjal-3230 274 59 for for ADP cjal-3230 274 60 more more ADJ cjal-3230 274 61 than than ADP cjal-3230 274 62 three three NUM cjal-3230 274 63 years year NOUN cjal-3230 274 64 will will AUX cjal-3230 274 65 qualify qualify VERB cjal-3230 274 66 the the DET cjal-3230 274 67 taxpayer taxpayer NOUN cjal-3230 274 68 for for ADP cjal-3230 274 69 a a DET cjal-3230 274 70 0 0 NUM cjal-3230 274 71 % % NOUN cjal-3230 274 72 capital capital NOUN cjal-3230 274 73 gains gain NOUN cjal-3230 274 74 tax tax NOUN cjal-3230 274 75 rate rate NOUN cjal-3230 274 76 . . PUNCT cjal-3230 275 1 deductions deduction NOUN cjal-3230 275 2 : : PUNCT cjal-3230 275 3 certain certain ADJ cjal-3230 275 4 deductions deduction NOUN cjal-3230 275 5 for for ADP cjal-3230 275 6 long long ADJ cjal-3230 275 7 - - PUNCT cjal-3230 275 8 term term NOUN cjal-3230 275 9 holding holding NOUN cjal-3230 275 10 of of ADP cjal-3230 275 11 property property NOUN cjal-3230 275 12 exist exist NOUN cjal-3230 275 13 , , PUNCT cjal-3230 275 14 which which PRON cjal-3230 275 15 include include VERB cjal-3230 275 16 : : PUNCT cjal-3230 275 17 greater great ADJ cjal-3230 275 18 than than ADP cjal-3230 275 19 three three NUM cjal-3230 275 20 but but CCONJ cjal-3230 275 21 less less ADJ cjal-3230 275 22 than than ADP cjal-3230 275 23 five five NUM cjal-3230 275 24 years year NOUN cjal-3230 275 25 of of ADP cjal-3230 275 26 property property NOUN cjal-3230 275 27 holding holding NOUN cjal-3230 275 28 : : PUNCT cjal-3230 275 29 10 10 NUM cjal-3230 275 30 % % NOUN cjal-3230 275 31 deduction deduction NOUN cjal-3230 275 32 five five NUM cjal-3230 275 33 years year NOUN cjal-3230 275 34 or or CCONJ cjal-3230 275 35 longer long ADV cjal-3230 275 36 and and CCONJ cjal-3230 275 37 less less ADJ cjal-3230 275 38 than than ADP cjal-3230 275 39 ten ten NUM cjal-3230 275 40 years year NOUN cjal-3230 275 41 of of ADP cjal-3230 275 42 property property NOUN cjal-3230 275 43 holding holding NOUN cjal-3230 275 44 : : PUNCT cjal-3230 275 45 15 15 NUM cjal-3230 275 46 % % NOUN cjal-3230 275 47 deduction deduction NOUN cjal-3230 275 48 ten ten NUM cjal-3230 275 49 years year NOUN cjal-3230 275 50 or or CCONJ cjal-3230 275 51 more more ADJ cjal-3230 275 52 of of ADP cjal-3230 275 53 property property NOUN cjal-3230 275 54 holding holding NOUN cjal-3230 275 55 : : PUNCT cjal-3230 275 56 30 30 NUM cjal-3230 275 57 % % NOUN cjal-3230 275 58 deduction deduction NOUN cjal-3230 275 59 * * PUNCT cjal-3230 275 60 * * PUNCT cjal-3230 275 61 * * PUNCT cjal-3230 275 62 in in ADP cjal-3230 275 63 terms term NOUN cjal-3230 275 64 of of ADP cjal-3230 275 65 calculating calculate VERB cjal-3230 275 66 capital capital NOUN cjal-3230 275 67 gains gain NOUN cjal-3230 275 68 , , PUNCT cjal-3230 275 69 the the DET cjal-3230 275 70 property property NOUN cjal-3230 275 71 - - PUNCT cjal-3230 275 72 selling sell VERB cjal-3230 275 73 price price NOUN cjal-3230 275 74 is be AUX cjal-3230 275 75 usually usually ADV cjal-3230 275 76 based base VERB cjal-3230 275 77 on on ADP cjal-3230 275 78 gdv gdv NOUN cjal-3230 275 79 , , PUNCT cjal-3230 275 80 but but CCONJ cjal-3230 275 81 some some DET cjal-3230 275 82 exceptions exception NOUN cjal-3230 275 83 exist exist VERB cjal-3230 275 84 whereby whereby SCONJ cjal-3230 275 85 the the DET cjal-3230 275 86 property property NOUN cjal-3230 275 87 - - PUNCT cjal-3230 275 88 selling sell VERB cjal-3230 275 89 price price NOUN cjal-3230 275 90 is be AUX cjal-3230 275 91 based base VERB cjal-3230 275 92 on on ADP cjal-3230 275 93 fair fair ADJ cjal-3230 275 94 market market NOUN cjal-3230 275 95 value value NOUN cjal-3230 275 96 ( ( PUNCT cjal-3230 275 97 " " PUNCT cjal-3230 275 98 fmv fmv NOUN cjal-3230 275 99 " " PUNCT cjal-3230 275 100 ) ) PUNCT cjal-3230 275 101 rather rather ADV cjal-3230 275 102 than than ADP cjal-3230 275 103 government government NOUN cjal-3230 275 104 declared declare VERB cjal-3230 275 105 value value NOUN cjal-3230 275 106 ( ( PUNCT cjal-3230 275 107 " " PUNCT cjal-3230 275 108 gdv gdv NOUN cjal-3230 275 109 " " PUNCT cjal-3230 275 110 ) ) PUNCT cjal-3230 275 111 . . PUNCT cjal-3230 276 1 examples example NOUN cjal-3230 276 2 of of ADP cjal-3230 276 3 such such ADJ cjal-3230 276 4 exceptions exception NOUN cjal-3230 276 5 include include VERB cjal-3230 276 6 sales sale NOUN cjal-3230 276 7 that that PRON cjal-3230 276 8 involve involve VERB cjal-3230 276 9 short short ADJ cjal-3230 276 10 - - PUNCT cjal-3230 276 11 term term NOUN cjal-3230 276 12 anti anti ADJ cjal-3230 276 13 - - ADJ cjal-3230 276 14 speculation speculation ADJ cjal-3230 276 15 investments investment NOUN cjal-3230 276 16 , , PUNCT cjal-3230 276 17 transfer transfer NOUN cjal-3230 276 18 of of ADP cjal-3230 276 19 non non ADJ cjal-3230 276 20 - - ADJ cjal-3230 276 21 registered registered ADJ cjal-3230 276 22 property property NOUN cjal-3230 276 23 , , PUNCT cjal-3230 276 24 luxury luxury NOUN cjal-3230 276 25 property property NOUN cjal-3230 276 26 sales sale NOUN cjal-3230 276 27 , , PUNCT cjal-3230 276 28 transfer transfer NOUN cjal-3230 276 29 of of ADP cjal-3230 276 30 property property NOUN cjal-3230 276 31 in in ADP cjal-3230 276 32 government government NOUN cjal-3230 276 33 designated designate VERB cjal-3230 276 34 anti anti ADJ cjal-3230 276 35 - - ADJ cjal-3230 276 36 speculation speculation ADJ cjal-3230 276 37 zones zone NOUN cjal-3230 276 38 , , PUNCT cjal-3230 276 39 and and CCONJ cjal-3230 276 40 sales sale NOUN cjal-3230 276 41 involving involve VERB cjal-3230 276 42 property property NOUN cjal-3230 276 43 holders holder NOUN cjal-3230 276 44 who who PRON cjal-3230 276 45 are be AUX cjal-3230 276 46 multiple multiple ADJ cjal-3230 276 47 property property NOUN cjal-3230 276 48 holders holder NOUN cjal-3230 276 49 . . PUNCT cjal-3230 277 1 i i PRON cjal-3230 277 2 d. d. PROPN cjal-3230 277 3 63 63 NUM cjal-3230 277 4 see see VERB cjal-3230 277 5 i i PRON cjal-3230 277 6 d. d. PROPN cjal-3230 277 7 64 64 NUM cjal-3230 277 8 the the DET cjal-3230 277 9 definition definition NOUN cjal-3230 277 10 of of ADP cjal-3230 277 11 " " PUNCT cjal-3230 277 12 short short ADJ cjal-3230 277 13 term term NOUN cjal-3230 277 14 " " PUNCT cjal-3230 277 15 from from ADP cjal-3230 277 16 the the DET cjal-3230 277 17 korean korean ADJ cjal-3230 277 18 government government NOUN cjal-3230 277 19 purview purview NOUN cjal-3230 277 20 is be AUX cjal-3230 277 21 a a DET cjal-3230 277 22 duration duration NOUN cjal-3230 277 23 of of ADP cjal-3230 277 24 less less ADJ cjal-3230 277 25 than than ADP cjal-3230 277 26 one one NUM cjal-3230 277 27 year year NOUN cjal-3230 277 28 . . PUNCT cjal-3230 278 1 see see VERB cjal-3230 278 2 ministry ministry PROPN cjal-3230 278 3 of of ADP cjal-3230 278 4 foreign foreign PROPN cjal-3230 278 5 affairs affair NOUN cjal-3230 278 6 and and CCONJ cjal-3230 278 7 economy economy NOUN cjal-3230 278 8 ( ( PUNCT cjal-3230 278 9 " " PUNCT cjal-3230 278 10 mofe mofe NOUN cjal-3230 278 11 " " PUNCT cjal-3230 278 12 ) ) PUNCT cjal-3230 278 13 , , PUNCT cjal-3230 278 14 available available ADJ cjal-3230 278 15 at at ADP cjal-3230 278 16 http://www.mofe.go.kr/egov/egov http://www.mofe.go.kr/egov/egov PROPN cjal-3230 278 17 01 01 NUM cjal-3230 278 18 .php?action .php?action NOUN cjal-3230 278 19 - - PUNCT cjal-3230 278 20 view&cmd view&cmd NOUN cjal-3230 278 21 = = NOUN cjal-3230 278 22 seview&code=31527&page= seview&code=31527&page= NOUN cjal-3230 278 23 1 1 NUM cjal-3230 278 24 & & CCONJ cjal-3230 278 25 pos pos NOUN cjal-3230 278 26 = = SYM cjal-3230 278 27 0&field 0&field NOUN cjal-3230 278 28 - - PUNCT cjal-3230 278 29 title&kevword=%c5%f5%b title&kevword=%c5%f5%b NOUN cjal-3230 278 30 1%e2%c 1%e2%c NUM cjal-3230 278 31 1%f6%bf%aa 1%f6%bf%aa NUM cjal-3230 278 32 . . PUNCT cjal-3230 279 1 65 65 NUM cjal-3230 279 2 " " PUNCT cjal-3230 279 3 luxury luxury NOUN cjal-3230 279 4 property property NOUN cjal-3230 279 5 " " PUNCT cjal-3230 279 6 from from ADP cjal-3230 279 7 the the DET cjal-3230 279 8 korean korean ADJ cjal-3230 279 9 government government NOUN cjal-3230 279 10 purview purview NOUN cjal-3230 279 11 is be AUX cjal-3230 279 12 defined define VERB cjal-3230 279 13 as as ADP cjal-3230 279 14 property property NOUN cjal-3230 279 15 that that PRON cjal-3230 279 16 has have VERB cjal-3230 279 17 a a DET cjal-3230 279 18 fair fair ADJ cjal-3230 279 19 market market NOUN cjal-3230 279 20 value value NOUN cjal-3230 279 21 of of ADP cjal-3230 279 22 more more ADJ cjal-3230 279 23 than than ADP cjal-3230 279 24 600 600 NUM cjal-3230 279 25 million million NUM cjal-3230 279 26 krw krw NOUN cjal-3230 279 27 . . PUNCT cjal-3230 280 1 i i PRON cjal-3230 280 2 d. d. PROPN cjal-3230 280 3 66 66 NUM cjal-3230 280 4 in in ADP cjal-3230 280 5 relation relation NOUN cjal-3230 280 6 to to ADP cjal-3230 280 7 the the DET cjal-3230 280 8 anti anti ADJ cjal-3230 280 9 - - ADJ cjal-3230 280 10 speculation speculation ADJ cjal-3230 280 11 laws law NOUN cjal-3230 280 12 , , PUNCT cjal-3230 280 13 the the DET cjal-3230 280 14 korean korean ADJ cjal-3230 280 15 government government NOUN cjal-3230 280 16 has have AUX cjal-3230 280 17 designated designate VERB cjal-3230 280 18 twenty twenty NUM cjal-3230 280 19 - - PUNCT cjal-3230 280 20 two two NUM cjal-3230 280 21 " " PUNCT cjal-3230 280 22 anti anti ADJ cjal-3230 280 23 - - ADJ cjal-3230 280 24 speculation speculation ADJ cjal-3230 280 25 zones zone NOUN cjal-3230 280 26 " " PUNCT cjal-3230 280 27 , , PUNCT cjal-3230 280 28 which which PRON cjal-3230 280 29 includes include VERB cjal-3230 280 30 twenty twenty NUM cjal-3230 280 31 - - PUNCT cjal-3230 280 32 two two NUM cjal-3230 280 33 areas area NOUN cjal-3230 280 34 in in ADP cjal-3230 280 35 and and CCONJ cjal-3230 280 36 around around ADP cjal-3230 280 37 seoul seoul PROPN cjal-3230 280 38 , , PUNCT cjal-3230 280 39 gyeonggi gyeonggi NOUN cjal-3230 280 40 and and CCONJ cjal-3230 280 41 south south ADJ cjal-3230 280 42 chungcheong chungcheong PROPN cjal-3230 280 43 provinces province NOUN cjal-3230 280 44 . . PUNCT cjal-3230 281 1 further far ADV cjal-3230 281 2 , , PUNCT cjal-3230 281 3 fifty fifty NUM cjal-3230 281 4 - - PUNCT cjal-3230 281 5 eight eight NUM cjal-3230 281 6 other other ADJ cjal-3230 281 7 areas area NOUN cjal-3230 281 8 will will AUX cjal-3230 281 9 be be AUX cjal-3230 281 10 under under ADP cjal-3230 281 11 close close ADJ cjal-3230 281 12 scrutiny scrutiny NOUN cjal-3230 281 13 by by ADP cjal-3230 281 14 the the DET cjal-3230 281 15 korean korean ADJ cjal-3230 281 16 government government NOUN cjal-3230 281 17 for for ADP cjal-3230 281 18 possible possible ADJ cjal-3230 281 19 real real ADJ cjal-3230 281 20 estate estate NOUN cjal-3230 281 21 speculative speculative ADJ cjal-3230 281 22 investment investment NOUN cjal-3230 281 23 activity activity NOUN cjal-3230 281 24 . . PUNCT cjal-3230 282 1 see see VERB cjal-3230 282 2 ministry ministry PROPN cjal-3230 282 3 of of ADP cjal-3230 282 4 foreign foreign PROPN cjal-3230 282 5 affairs affair NOUN cjal-3230 282 6 and and CCONJ cjal-3230 282 7 economy economy NOUN cjal-3230 282 8 ( ( PUNCT cjal-3230 282 9 " " PUNCT cjal-3230 282 10 mofe mofe NOUN cjal-3230 282 11 " " PUNCT cjal-3230 282 12 ) ) PUNCT cjal-3230 282 13 , , PUNCT cjal-3230 282 14 available available ADJ cjal-3230 282 15 at at ADP cjal-3230 282 16 http://www.mofe.go.kr/data/tc2003101601 http://www.mofe.go.kr/data/tc2003101601 NOUN cjal-3230 282 17 .hwp .hwp PROPN cjal-3230 282 18 . . PUNCT cjal-3230 283 1 67 67 NUM cjal-3230 283 2 see see VERB cjal-3230 283 3 supra supra PROPN cjal-3230 283 4 income income NOUN cjal-3230 283 5 tax tax NOUN cjal-3230 283 6 law law NOUN cjal-3230 283 7 at at ADP cjal-3230 283 8 art art NOUN cjal-3230 283 9 . . PUNCT cjal-3230 284 1 95 95 NUM cjal-3230 284 2 , , PUNCT cjal-3230 284 3 cl cl NOUN cjal-3230 284 4 . . PUNCT cjal-3230 285 1 2 2 NUM cjal-3230 285 2 . . PUNCT cjal-3230 286 1 [ [ X cjal-3230 286 2 18:1 18:1 NUM cjal-3230 286 3 anti anti ADJ cjal-3230 286 4 - - ADJ cjal-3230 286 5 speculation speculation ADJ cjal-3230 286 6 laws law NOUN cjal-3230 286 7 and and CCONJ cjal-3230 286 8 their their PRON cjal-3230 286 9 impact impact NOUN cjal-3230 286 10 all all DET cjal-3230 286 11 property property NOUN cjal-3230 286 12 owners owner NOUN cjal-3230 286 13 , , PUNCT cjal-3230 286 14 with with ADP cjal-3230 286 15 the the DET cjal-3230 286 16 narrow narrow ADJ cjal-3230 286 17 exception exception NOUN cjal-3230 286 18 of of ADP cjal-3230 286 19 offering offer VERB cjal-3230 286 20 the the DET cjal-3230 286 21 unchanged unchanged ADJ cjal-3230 286 22 rate rate NOUN cjal-3230 286 23 of of ADP cjal-3230 286 24 9 9 NUM cjal-3230 286 25 - - SYM cjal-3230 286 26 36 36 NUM cjal-3230 286 27 % % NOUN cjal-3230 286 28 capital capital NOUN cjal-3230 286 29 gains gain NOUN cjal-3230 286 30 taxation taxation NOUN cjal-3230 286 31 only only ADV cjal-3230 286 32 to to ADP cjal-3230 286 33 those those DET cjal-3230 286 34 investors investor NOUN cjal-3230 286 35 who who PRON cjal-3230 286 36 hold hold VERB cjal-3230 286 37 property property NOUN cjal-3230 286 38 for for ADP cjal-3230 286 39 a a DET cjal-3230 286 40 minimum minimum NOUN cjal-3230 286 41 of of ADP cjal-3230 286 42 two two NUM cjal-3230 286 43 years year NOUN cjal-3230 286 44 or or CCONJ cjal-3230 286 45 longer.68 longer.68 NOUN cjal-3230 286 46 as as SCONJ cjal-3230 286 47 mentioned mention VERB cjal-3230 286 48 , , PUNCT cjal-3230 286 49 the the DET cjal-3230 286 50 capital capital NOUN cjal-3230 286 51 gains gain VERB cjal-3230 286 52 taxation taxation NOUN cjal-3230 286 53 method method NOUN cjal-3230 286 54 is be AUX cjal-3230 286 55 a a DET cjal-3230 286 56 function function NOUN cjal-3230 286 57 of of ADP cjal-3230 286 58 , , PUNCT cjal-3230 286 59 among among ADP cjal-3230 286 60 other other ADJ cjal-3230 286 61 things thing NOUN cjal-3230 286 62 , , PUNCT cjal-3230 286 63 length length NOUN cjal-3230 286 64 of of ADP cjal-3230 286 65 time time NOUN cjal-3230 286 66 that that PRON cjal-3230 286 67 property property NOUN cjal-3230 286 68 is be AUX cjal-3230 286 69 held hold VERB cjal-3230 286 70 . . PUNCT cjal-3230 287 1 the the DET cjal-3230 287 2 following follow VERB cjal-3230 287 3 section section NOUN cjal-3230 287 4 consequently consequently ADV cjal-3230 287 5 examines examine VERB cjal-3230 287 6 the the DET cjal-3230 287 7 new new ADJ cjal-3230 287 8 cgt cgt PROPN cjal-3230 287 9 from from ADP cjal-3230 287 10 that that DET cjal-3230 287 11 perspective perspective NOUN cjal-3230 287 12 ( ( PUNCT cjal-3230 287 13 i.e. i.e. X cjal-3230 287 14 , , PUNCT cjal-3230 287 15 length length NOUN cjal-3230 287 16 of of ADP cjal-3230 287 17 time time NOUN cjal-3230 287 18 that that PRON cjal-3230 287 19 property property NOUN cjal-3230 287 20 is be AUX cjal-3230 287 21 held hold VERB cjal-3230 287 22 ) ) PUNCT cjal-3230 287 23 . . PUNCT cjal-3230 288 1 v. v. ADP cjal-3230 288 2 anti anti ADJ cjal-3230 288 3 - - ADJ cjal-3230 288 4 speculation speculation ADJ cjal-3230 288 5 capital capital NOUN cjal-3230 288 6 gains gain NOUN cjal-3230 288 7 tax tax NOUN cjal-3230 288 8 based base VERB cjal-3230 288 9 on on ADP cjal-3230 288 10 time time NOUN cjal-3230 288 11 held hold VERB cjal-3230 288 12 a. a. NOUN cjal-3230 288 13 capital capital PROPN cjal-3230 288 14 gains gain NOUN cjal-3230 288 15 taxation taxation NOUN cjal-3230 288 16 rate rate NOUN cjal-3230 288 17 registered register VERB cjal-3230 288 18 property property NOUN cjal-3230 288 19 holding holding NOUN cjal-3230 288 20 of of ADP cjal-3230 288 21 less less ADJ cjal-3230 288 22 than than ADP cjal-3230 288 23 one one NUM cjal-3230 288 24 year year NOUN cjal-3230 288 25 under under ADP cjal-3230 288 26 the the DET cjal-3230 288 27 current current ADJ cjal-3230 288 28 capital capital NOUN cjal-3230 288 29 gains gain NOUN cjal-3230 288 30 taxation taxation NOUN cjal-3230 288 31 scheme scheme NOUN cjal-3230 288 32 , , PUNCT cjal-3230 288 33 a a DET cjal-3230 288 34 property property NOUN cjal-3230 288 35 holder holder NOUN cjal-3230 288 36 who who PRON cjal-3230 288 37 owns own VERB cjal-3230 288 38 registered registered ADJ cjal-3230 288 39 property property NOUN cjal-3230 288 40 for for ADP cjal-3230 288 41 less less ADJ cjal-3230 288 42 than than ADP cjal-3230 288 43 one one NUM cjal-3230 288 44 year year NOUN cjal-3230 288 45 is be AUX cjal-3230 288 46 obligated obligate VERB cjal-3230 288 47 to to PART cjal-3230 288 48 pay pay VERB cjal-3230 288 49 36 36 NUM cjal-3230 288 50 % % NOUN cjal-3230 288 51 capital capital NOUN cjal-3230 288 52 gains gain NOUN cjal-3230 288 53 tax.6 tax.6 PROPN cjal-3230 288 54 1 1 NUM cjal-3230 288 55 under under ADP cjal-3230 288 56 the the DET cjal-3230 288 57 anti anti ADJ cjal-3230 288 58 - - ADJ cjal-3230 288 59 speculation speculation ADJ cjal-3230 288 60 law law NOUN cjal-3230 288 61 , , PUNCT cjal-3230 288 62 however however ADV cjal-3230 288 63 , , PUNCT cjal-3230 288 64 the the DET cjal-3230 288 65 same same ADJ cjal-3230 288 66 property property NOUN cjal-3230 288 67 owner owner NOUN cjal-3230 288 68 would would AUX cjal-3230 288 69 pay pay VERB cjal-3230 288 70 50 50 NUM cjal-3230 288 71 % % NOUN cjal-3230 288 72 capital capital NOUN cjal-3230 288 73 gains gain NOUN cjal-3230 288 74 tax7 tax7 PROPN cjal-3230 288 75 " " PUNCT cjal-3230 288 76 based base VERB cjal-3230 288 77 on on ADP cjal-3230 288 78 fair fair ADJ cjal-3230 288 79 market market NOUN cjal-3230 288 80 value value NOUN cjal-3230 288 81 ( ( PUNCT cjal-3230 288 82 " " PUNCT cjal-3230 288 83 fmv fmv PROPN cjal-3230 288 84 " " PUNCT cjal-3230 288 85 ) ) PUNCT cjal-3230 288 86 of of ADP cjal-3230 288 87 the the DET cjal-3230 288 88 property property NOUN cjal-3230 288 89 ( ( PUNCT cjal-3230 288 90 i.e. i.e. X cjal-3230 288 91 , , PUNCT cjal-3230 288 92 a a DET cjal-3230 288 93 near near ADJ cjal-3230 288 94 40 40 NUM cjal-3230 288 95 % % NOUN cjal-3230 288 96 increase increase NOUN cjal-3230 288 97 in in ADP cjal-3230 288 98 capital capital NOUN cjal-3230 288 99 gains gain NOUN cjal-3230 288 100 taxation taxation NOUN cjal-3230 288 101 ) ) PUNCT cjal-3230 288 102 . . PUNCT cjal-3230 289 1 the the DET cjal-3230 289 2 apparent apparent ADJ cjal-3230 289 3 government government NOUN cjal-3230 289 4 objective objective NOUN cjal-3230 289 5 of of ADP cjal-3230 289 6 the the DET cjal-3230 289 7 substantial substantial ADJ cjal-3230 289 8 tax tax NOUN cjal-3230 289 9 increase increase NOUN cjal-3230 289 10 is be AUX cjal-3230 289 11 to to PART cjal-3230 289 12 reduce reduce VERB cjal-3230 289 13 speculative speculative ADJ cjal-3230 289 14 short short ADJ cjal-3230 289 15 - - PUNCT cjal-3230 289 16 term71 term71 NOUN cjal-3230 289 17 gains gain NOUN cjal-3230 289 18 . . PUNCT cjal-3230 290 1 the the DET cjal-3230 290 2 anti anti ADJ cjal-3230 290 3 - - ADJ cjal-3230 290 4 speculation speculation ADJ cjal-3230 290 5 scheme scheme NOUN cjal-3230 290 6 applies apply VERB cjal-3230 290 7 to to ADP cjal-3230 290 8 all all DET cjal-3230 290 9 areas area NOUN cjal-3230 290 10 and and CCONJ cjal-3230 290 11 property property NOUN cjal-3230 290 12 types type NOUN cjal-3230 290 13 ( ( PUNCT cjal-3230 290 14 i.e. i.e. X cjal-3230 290 15 , , PUNCT cjal-3230 290 16 both both CCONJ cjal-3230 290 17 residential residential ADJ cjal-3230 290 18 and and CCONJ cjal-3230 290 19 commercial commercial ADJ cjal-3230 290 20 property property NOUN cjal-3230 290 21 ) ) PUNCT cjal-3230 290 22 . . PUNCT cjal-3230 291 1 b. b. PROPN cjal-3230 291 2 capital capital PROPN cjal-3230 291 3 gains gain VERB cjal-3230 291 4 taxation taxation NOUN cjal-3230 291 5 rate rate NOUN cjal-3230 291 6 registered register VERB cjal-3230 291 7 property property NOUN cjal-3230 291 8 holding holding NOUN cjal-3230 291 9 of of ADP cjal-3230 291 10 one one NUM cjal-3230 291 11 year year NOUN cjal-3230 291 12 or or CCONJ cjal-3230 291 13 more more ADJ cjal-3230 291 14 but but CCONJ cjal-3230 291 15 less less ADJ cjal-3230 291 16 than than ADP cjal-3230 291 17 two two NUM cjal-3230 291 18 years year NOUN cjal-3230 291 19 under under ADP cjal-3230 291 20 the the DET cjal-3230 291 21 current current ADJ cjal-3230 291 22 system system NOUN cjal-3230 291 23 , , PUNCT cjal-3230 291 24 a a DET cjal-3230 291 25 property property NOUN cjal-3230 291 26 holder holder NOUN cjal-3230 291 27 who who PRON cjal-3230 291 28 owns own VERB cjal-3230 291 29 registered registered ADJ cjal-3230 291 30 property property NOUN cjal-3230 291 31 for for ADP cjal-3230 291 32 one one NUM cjal-3230 291 33 year year NOUN cjal-3230 291 34 or or CCONJ cjal-3230 291 35 more more ADJ cjal-3230 291 36 must must AUX cjal-3230 291 37 pay pay VERB cjal-3230 291 38 a a DET cjal-3230 291 39 capital capital NOUN cjal-3230 291 40 gains gain NOUN cjal-3230 291 41 tax tax NOUN cjal-3230 291 42 rate rate NOUN cjal-3230 291 43 range range NOUN cjal-3230 291 44 of of ADP cjal-3230 291 45 9 9 NUM cjal-3230 291 46 to to ADP cjal-3230 291 47 36%.72 36%.72 NUM cjal-3230 291 48 however however ADV cjal-3230 291 49 , , PUNCT cjal-3230 291 50 pursuant pursuant ADJ cjal-3230 291 51 to to ADP cjal-3230 291 52 the the DET cjal-3230 291 53 anti anti ADJ cjal-3230 291 54 - - ADJ cjal-3230 291 55 speculation speculation ADJ cjal-3230 291 56 laws law NOUN cjal-3230 291 57 , , PUNCT cjal-3230 291 58 property property NOUN cjal-3230 291 59 owners owner NOUN cjal-3230 291 60 who who PRON cjal-3230 291 61 hold hold VERB cjal-3230 291 62 property property NOUN cjal-3230 291 63 for for ADP cjal-3230 291 64 longer long ADJ cjal-3230 291 65 than than ADP cjal-3230 291 66 one one NUM cjal-3230 291 67 year year NOUN cjal-3230 291 68 but but CCONJ cjal-3230 291 69 less less ADJ cjal-3230 291 70 than than ADP cjal-3230 291 71 two two NUM cjal-3230 291 72 years year NOUN cjal-3230 291 73 68 68 NUM cjal-3230 291 74 the the DET cjal-3230 291 75 new new ADJ cjal-3230 291 76 cgt cgt PROPN cjal-3230 291 77 is be AUX cjal-3230 291 78 , , PUNCT cjal-3230 291 79 in in ADP cjal-3230 291 80 effect effect NOUN cjal-3230 291 81 , , PUNCT cjal-3230 291 82 a a DET cjal-3230 291 83 tax tax NOUN cjal-3230 291 84 increase increase NOUN cjal-3230 291 85 for for ADP cjal-3230 291 86 all all DET cjal-3230 291 87 property property NOUN cjal-3230 291 88 holders holder NOUN cjal-3230 291 89 who who PRON cjal-3230 291 90 own own VERB cjal-3230 291 91 property property NOUN cjal-3230 291 92 for for ADP cjal-3230 291 93 two two NUM cjal-3230 291 94 years year NOUN cjal-3230 291 95 or or CCONJ cjal-3230 291 96 less less ADJ cjal-3230 291 97 . . PUNCT cjal-3230 292 1 in in ADP cjal-3230 292 2 other other ADJ cjal-3230 292 3 words word NOUN cjal-3230 292 4 , , PUNCT cjal-3230 292 5 under under ADP cjal-3230 292 6 the the DET cjal-3230 292 7 new new ADJ cjal-3230 292 8 cgt cgt PROPN cjal-3230 292 9 , , PUNCT cjal-3230 292 10 no no DET cjal-3230 292 11 category category NOUN cjal-3230 292 12 of of ADP cjal-3230 292 13 property property NOUN cjal-3230 292 14 holder holder NOUN cjal-3230 292 15 receives receive VERB cjal-3230 292 16 less less ADJ cjal-3230 292 17 capital capital NOUN cjal-3230 292 18 gains gain NOUN cjal-3230 292 19 taxation taxation NOUN cjal-3230 292 20 . . PUNCT cjal-3230 293 1 the the DET cjal-3230 293 2 most most ADV cjal-3230 293 3 ideal ideal ADJ cjal-3230 293 4 scenario scenario NOUN cjal-3230 293 5 from from ADP cjal-3230 293 6 a a DET cjal-3230 293 7 taxpayer taxpayer NOUN cjal-3230 293 8 perspective perspective NOUN cjal-3230 293 9 is be AUX cjal-3230 293 10 to to PART cjal-3230 293 11 pay pay VERB cjal-3230 293 12 the the DET cjal-3230 293 13 same same ADJ cjal-3230 293 14 capital capital NOUN cjal-3230 293 15 gains gain NOUN cjal-3230 293 16 tax tax NOUN cjal-3230 293 17 rate rate NOUN cjal-3230 293 18 of of ADP cjal-3230 293 19 9 9 NUM cjal-3230 293 20 - - SYM cjal-3230 293 21 36 36 NUM cjal-3230 293 22 % % NOUN cjal-3230 293 23 in in ADP cjal-3230 293 24 line line NOUN cjal-3230 293 25 with with ADP cjal-3230 293 26 the the DET cjal-3230 293 27 current current ADJ cjal-3230 293 28 capital capital NOUN cjal-3230 293 29 gains gain NOUN cjal-3230 293 30 taxation taxation NOUN cjal-3230 293 31 scheme scheme NOUN cjal-3230 293 32 . . PUNCT cjal-3230 294 1 69 69 NUM cjal-3230 294 2 see see VERB cjal-3230 294 3 ministry ministry PROPN cjal-3230 294 4 of of ADP cjal-3230 294 5 finance finance NOUN cjal-3230 294 6 and and CCONJ cjal-3230 294 7 economy economy NOUN cjal-3230 294 8 ( ( PUNCT cjal-3230 294 9 mofe mofe NOUN cjal-3230 294 10 ) ) PUNCT cjal-3230 294 11 website website NOUN cjal-3230 294 12 , , PUNCT cjal-3230 294 13 available available ADJ cjal-3230 294 14 at at ADP cjal-3230 294 15 www.mofe.go.kr/lib/lib www.mofe.go.kr/lib/lib X cjal-3230 294 16 02.php?action--view&t-code= 02.php?action--view&t-code= PROPN cjal-3230 294 17 118&no=46907 118&no=46907 NUM cjal-3230 294 18 . . PUNCT cjal-3230 295 1 see see VERB cjal-3230 295 2 income income NOUN cjal-3230 295 3 tax tax NOUN cjal-3230 295 4 law law NOUN cjal-3230 295 5 art art NOUN cjal-3230 295 6 . . PUNCT cjal-3230 296 1 104 104 NUM cjal-3230 296 2 . . X cjal-3230 297 1 707 707 NUM cjal-3230 297 2 to to PART cjal-3230 297 3 give give VERB cjal-3230 297 4 a a DET cjal-3230 297 5 straightforward straightforward ADJ cjal-3230 297 6 example example NOUN cjal-3230 297 7 , , PUNCT cjal-3230 297 8 given give VERB cjal-3230 297 9 the the DET cjal-3230 297 10 aforementioned aforementioned ADJ cjal-3230 297 11 capital capital NOUN cjal-3230 297 12 gains gain NOUN cjal-3230 297 13 taxation taxation NOUN cjal-3230 297 14 formula formula NOUN cjal-3230 297 15 , , PUNCT cjal-3230 297 16 if if SCONJ cjal-3230 297 17 erson erson PROPN cjal-3230 297 18 a a PRON cjal-3230 297 19 receives receive VERB cjal-3230 297 20 $ $ SYM cjal-3230 297 21 1 1 NUM cjal-3230 297 22 in in ADP cjal-3230 297 23 capital capital NOUN cjal-3230 297 24 gains gain NOUN cjal-3230 297 25 , , PUNCT cjal-3230 297 26 then then ADV cjal-3230 297 27 person person VERB cjal-3230 297 28 a a PRON cjal-3230 297 29 would would AUX cjal-3230 297 30 pay pay VERB cjal-3230 297 31 50 50 NUM cjal-3230 297 32 cents cent NOUN cjal-3230 297 33 in in ADP cjal-3230 297 34 capital capital NOUN cjal-3230 297 35 gains gain NOUN cjal-3230 297 36 tax tax NOUN cjal-3230 297 37 . . PUNCT cjal-3230 298 1 for for ADP cjal-3230 298 2 purposes purpose NOUN cjal-3230 298 3 of of ADP cjal-3230 298 4 this this DET cjal-3230 298 5 discussion discussion NOUN cjal-3230 298 6 , , PUNCT cjal-3230 298 7 we we PRON cjal-3230 298 8 assume assume VERB cjal-3230 298 9 a a DET cjal-3230 298 10 holding hold VERB cjal-3230 298 11 period period NOUN cjal-3230 298 12 of of ADP cjal-3230 298 13 less less ADJ cjal-3230 298 14 than than ADP cjal-3230 298 15 one one NUM cjal-3230 298 16 year year NOUN cjal-3230 298 17 to to PART cjal-3230 298 18 constitute constitute VERB cjal-3230 298 19 " " PUNCT cjal-3230 298 20 short short ADJ cjal-3230 298 21 term term NOUN cjal-3230 298 22 " " PUNCT cjal-3230 298 23 speculative speculative ADJ cjal-3230 298 24 investment investment NOUN cjal-3230 298 25 activity activity NOUN cjal-3230 298 26 , , PUNCT cjal-3230 298 27 consistent consistent ADJ cjal-3230 298 28 with with ADP cjal-3230 298 29 the the DET cjal-3230 298 30 korean korean ADJ cjal-3230 298 31 government government NOUN cjal-3230 298 32 definition definition NOUN cjal-3230 298 33 . . PUNCT cjal-3230 299 1 72 72 NUM cjal-3230 299 2 that that PRON cjal-3230 299 3 is be AUX cjal-3230 299 4 to to PART cjal-3230 299 5 say say VERB cjal-3230 299 6 , , PUNCT cjal-3230 299 7 no no DET cjal-3230 299 8 distinction distinction NOUN cjal-3230 299 9 is be AUX cjal-3230 299 10 made make VERB cjal-3230 299 11 under under ADP cjal-3230 299 12 the the DET cjal-3230 299 13 current current ADJ cjal-3230 299 14 capital capital NOUN cjal-3230 299 15 gains gain NOUN cjal-3230 299 16 taxation taxation NOUN cjal-3230 299 17 scheme scheme NOUN cjal-3230 299 18 between between ADP cjal-3230 299 19 holding hold VERB cjal-3230 299 20 property property NOUN cjal-3230 299 21 for for ADP cjal-3230 299 22 greater great ADJ cjal-3230 299 23 or or CCONJ cjal-3230 299 24 less less ADJ cjal-3230 299 25 than than ADP cjal-3230 299 26 two two NUM cjal-3230 299 27 years year NOUN cjal-3230 299 28 . . PUNCT cjal-3230 300 1 see see VERB cjal-3230 300 2 income income NOUN cjal-3230 300 3 tax tax NOUN cjal-3230 300 4 law law NOUN cjal-3230 300 5 art art NOUN cjal-3230 300 6 . . PUNCT cjal-3230 301 1 104 104 NUM cjal-3230 301 2 . . PUNCT cjal-3230 302 1 2004 2004 NUM cjal-3230 302 2 ] ] PUNCT cjal-3230 302 3 columbia columbia PROPN cjal-3230 302 4 journal journal PROPN cjal-3230 302 5 of of ADP cjal-3230 302 6 asian asian PROPN cjal-3230 302 7 la la PROPN cjal-3230 302 8 w w PROPN cjal-3230 302 9 will will AUX cjal-3230 302 10 be be AUX cjal-3230 302 11 obligated obligate VERB cjal-3230 302 12 to to PART cjal-3230 302 13 pay pay VERB cjal-3230 302 14 a a DET cjal-3230 302 15 flat flat ADJ cjal-3230 302 16 40 40 NUM cjal-3230 302 17 % % NOUN cjal-3230 302 18 capital capital NOUN cjal-3230 302 19 gains gain NOUN cjal-3230 302 20 tax73 tax73 NOUN cjal-3230 302 21 ( ( PUNCT cjal-3230 302 22 instead instead ADV cjal-3230 302 23 of of ADP cjal-3230 302 24 9 9 NUM cjal-3230 302 25 - - SYM cjal-3230 302 26 36 36 NUM cjal-3230 302 27 % % NOUN cjal-3230 302 28 capital capital NOUN cjal-3230 302 29 gains gain NOUN cjal-3230 302 30 tax tax NOUN cjal-3230 302 31 range range NOUN cjal-3230 302 32 , , PUNCT cjal-3230 302 33 based base VERB cjal-3230 302 34 on on ADP cjal-3230 302 35 the the DET cjal-3230 302 36 government government NOUN cjal-3230 302 37 declared declare VERB cjal-3230 302 38 value value NOUN cjal-3230 302 39 ( ( PUNCT cjal-3230 302 40 gdv gdv NOUN cjal-3230 302 41 ) ) PUNCT cjal-3230 302 42 ) ) PUNCT cjal-3230 302 43 . . PUNCT cjal-3230 303 1 thus thus ADV cjal-3230 303 2 , , PUNCT cjal-3230 303 3 under under ADP cjal-3230 303 4 this this DET cjal-3230 303 5 portion portion NOUN cjal-3230 303 6 of of ADP cjal-3230 303 7 the the DET cjal-3230 303 8 anti anti ADJ cjal-3230 303 9 - - ADJ cjal-3230 303 10 speculation speculation ADJ cjal-3230 303 11 laws law NOUN cjal-3230 303 12 , , PUNCT cjal-3230 303 13 some some DET cjal-3230 303 14 property property NOUN cjal-3230 303 15 holders holder NOUN cjal-3230 303 16 would would AUX cjal-3230 303 17 be be AUX cjal-3230 303 18 subject subject ADJ cjal-3230 303 19 to to ADP cjal-3230 303 20 a a DET cjal-3230 303 21 tax tax NOUN cjal-3230 303 22 increase increase NOUN cjal-3230 303 23 of of ADP cjal-3230 303 24 over over ADP cjal-3230 303 25 444 444 NUM cjal-3230 303 26 % % NOUN cjal-3230 303 27 . . PUNCT cjal-3230 304 1 this this DET cjal-3230 304 2 scheme scheme NOUN cjal-3230 304 3 applies apply VERB cjal-3230 304 4 to to ADP cjal-3230 304 5 all all DET cjal-3230 304 6 areas area NOUN cjal-3230 304 7 ( ( PUNCT cjal-3230 304 8 including include VERB cjal-3230 304 9 kangnam kangnam NOUN cjal-3230 304 10 and and CCONJ cjal-3230 304 11 kangbuk kangbuk NOUN cjal-3230 304 12 ) ) PUNCT cjal-3230 304 13 and and CCONJ cjal-3230 304 14 it it PRON cjal-3230 304 15 also also ADV cjal-3230 304 16 applies apply VERB cjal-3230 304 17 to to ADP cjal-3230 304 18 single single ADJ cjal-3230 304 19 property property NOUN cjal-3230 304 20 owners owner NOUN cjal-3230 304 21 . . PUNCT cjal-3230 305 1 c. c. NOUN cjal-3230 305 2 capital capital PROPN cjal-3230 305 3 gains gain VERB cjal-3230 305 4 taxation taxation NOUN cjal-3230 305 5 rate rate NOUN cjal-3230 305 6 registered register VERB cjal-3230 305 7 property property NOUN cjal-3230 305 8 holding holding NOUN cjal-3230 305 9 of of ADP cjal-3230 305 10 two two NUM cjal-3230 305 11 years year NOUN cjal-3230 305 12 or or CCONJ cjal-3230 305 13 more more ADJ cjal-3230 305 14 under under ADP cjal-3230 305 15 the the DET cjal-3230 305 16 current current ADJ cjal-3230 305 17 system system NOUN cjal-3230 305 18 , , PUNCT cjal-3230 305 19 property property NOUN cjal-3230 305 20 holders holder NOUN cjal-3230 305 21 with with ADP cjal-3230 305 22 registered register VERB cjal-3230 305 23 property property NOUN cjal-3230 305 24 holdings holding NOUN cjal-3230 305 25 of of ADP cjal-3230 305 26 greater great ADJ cjal-3230 305 27 than than ADP cjal-3230 305 28 or or CCONJ cjal-3230 305 29 equal equal ADJ cjal-3230 305 30 to to ADP cjal-3230 305 31 two two NUM cjal-3230 305 32 years year NOUN cjal-3230 305 33 pay pay VERB cjal-3230 305 34 a a DET cjal-3230 305 35 9 9 NUM cjal-3230 305 36 to to PART cjal-3230 305 37 36 36 NUM cjal-3230 305 38 % % NOUN cjal-3230 305 39 capital capital NOUN cjal-3230 305 40 gains gain NOUN cjal-3230 305 41 tax tax NOUN cjal-3230 305 42 range range NOUN cjal-3230 305 43 ( ( PUNCT cjal-3230 305 44 based base VERB cjal-3230 305 45 on on ADP cjal-3230 305 46 gdv gdv NOUN cjal-3230 305 47 ) ) PUNCT cjal-3230 305 48 . . PUNCT cjal-3230 306 1 in in ADP cjal-3230 306 2 the the DET cjal-3230 306 3 anti anti ADJ cjal-3230 306 4 - - ADJ cjal-3230 306 5 speculation speculation ADJ cjal-3230 306 6 scheme scheme NOUN cjal-3230 306 7 , , PUNCT cjal-3230 306 8 the the DET cjal-3230 306 9 same same ADJ cjal-3230 306 10 property property NOUN cjal-3230 306 11 holders holder NOUN cjal-3230 306 12 would would AUX cjal-3230 306 13 generally generally ADV cjal-3230 306 14 remain remain VERB cjal-3230 306 15 paying pay VERB cjal-3230 306 16 the the DET cjal-3230 306 17 same same ADJ cjal-3230 306 18 9 9 NUM cjal-3230 306 19 to to PART cjal-3230 306 20 36 36 NUM cjal-3230 306 21 % % NOUN cjal-3230 306 22 capital capital NOUN cjal-3230 306 23 gains gain NOUN cjal-3230 306 24 tax tax NOUN cjal-3230 306 25 range range NOUN cjal-3230 306 26 . . PUNCT cjal-3230 307 1 however however ADV cjal-3230 307 2 , , PUNCT cjal-3230 307 3 if if SCONJ cjal-3230 307 4 the the DET cjal-3230 307 5 owner owner NOUN cjal-3230 307 6 satisfies satisfy VERB cjal-3230 307 7 a a DET cjal-3230 307 8 two two NUM cjal-3230 307 9 - - PUNCT cjal-3230 307 10 part part NOUN cjal-3230 307 11 test test NOUN cjal-3230 307 12 of of ADP cjal-3230 307 13 ( ( PUNCT cjal-3230 307 14 1 1 X cjal-3230 307 15 ) ) PUNCT cjal-3230 307 16 continuously continuously ADV cjal-3230 307 17 holding hold VERB cjal-3230 307 18 the the DET cjal-3230 307 19 property property NOUN cjal-3230 307 20 for for ADP cjal-3230 307 21 three three NUM cjal-3230 307 22 years year NOUN cjal-3230 307 23 or or CCONJ cjal-3230 307 24 more more ADJ cjal-3230 307 25 ; ; PUNCT cjal-3230 307 26 and and CCONJ cjal-3230 307 27 ( ( PUNCT cjal-3230 307 28 2 2 X cjal-3230 307 29 ) ) PUNCT cjal-3230 307 30 residing reside VERB cjal-3230 307 31 in in ADP cjal-3230 307 32 the the DET cjal-3230 307 33 property property NOUN cjal-3230 307 34 for for ADP cjal-3230 307 35 two two NUM cjal-3230 307 36 out out ADP cjal-3230 307 37 of of ADP cjal-3230 307 38 the the DET cjal-3230 307 39 total total ADJ cjal-3230 307 40 three three NUM cjal-3230 307 41 years year NOUN cjal-3230 307 42 , , PUNCT cjal-3230 307 43 then then ADV cjal-3230 307 44 the the DET cjal-3230 307 45 owner owner NOUN cjal-3230 307 46 would would AUX cjal-3230 307 47 qualify qualify VERB cjal-3230 307 48 for for ADP cjal-3230 307 49 a a DET cjal-3230 307 50 capital capital NOUN cjal-3230 307 51 gains gain NOUN cjal-3230 307 52 exemption exemption NOUN cjal-3230 307 53 . . PUNCT cjal-3230 308 1 ( ( PUNCT cjal-3230 308 2 see see VERB cjal-3230 308 3 2b-1 2b-1 NUM cjal-3230 308 4 below below ADP cjal-3230 308 5 ) ) PUNCT cjal-3230 308 6 . . PUNCT cjal-3230 309 1 this this DET cjal-3230 309 2 scheme scheme NOUN cjal-3230 309 3 applies apply VERB cjal-3230 309 4 to to ADP cjal-3230 309 5 all all DET cjal-3230 309 6 areas area NOUN cjal-3230 309 7 and and CCONJ cjal-3230 309 8 also also ADV cjal-3230 309 9 applies apply VERB cjal-3230 309 10 to to ADP cjal-3230 309 11 single single ADJ cjal-3230 309 12 property property NOUN cjal-3230 309 13 owners owner NOUN cjal-3230 309 14 . . PUNCT cjal-3230 310 1 d. d. PROPN cjal-3230 310 2 non non ADJ cjal-3230 310 3 - - ADJ cjal-3230 310 4 registered register VERB cjal-3230 310 5 property property NOUN cjal-3230 310 6 holders holder NOUN cjal-3230 310 7 under under ADP cjal-3230 310 8 the the DET cjal-3230 310 9 current current ADJ cjal-3230 310 10 taxation taxation NOUN cjal-3230 310 11 method method NOUN cjal-3230 310 12 , , PUNCT cjal-3230 310 13 non non ADJ cjal-3230 310 14 - - ADJ cjal-3230 310 15 registered registered ADJ cjal-3230 310 16 property property NOUN cjal-3230 310 17 holders holder NOUN cjal-3230 310 18 are be AUX cjal-3230 310 19 obligated obligate VERB cjal-3230 310 20 to to PART cjal-3230 310 21 pay pay VERB cjal-3230 310 22 60 60 NUM cjal-3230 310 23 % % NOUN cjal-3230 310 24 capital capital NOUN cjal-3230 310 25 gains gain NOUN cjal-3230 310 26 tax tax NOUN cjal-3230 310 27 . . PUNCT cjal-3230 311 1 under under ADP cjal-3230 311 2 the the DET cjal-3230 311 3 anti anti ADJ cjal-3230 311 4 - - ADJ cjal-3230 311 5 speculation speculation ADJ cjal-3230 311 6 law law NOUN cjal-3230 311 7 , , PUNCT cjal-3230 311 8 non non ADJ cjal-3230 311 9 - - ADJ cjal-3230 311 10 registered registered ADJ cjal-3230 311 11 property property NOUN cjal-3230 311 12 holders holder NOUN cjal-3230 311 13 will will AUX cjal-3230 311 14 be be AUX cjal-3230 311 15 obligated obligate VERB cjal-3230 311 16 to to PART cjal-3230 311 17 pay pay VERB cjal-3230 311 18 70 70 NUM cjal-3230 311 19 % % NOUN cjal-3230 311 20 capital capital NOUN cjal-3230 311 21 gains gain NOUN cjal-3230 311 22 taxes taxis NOUN cjal-3230 311 23 ( ( PUNCT cjal-3230 311 24 based base VERB cjal-3230 311 25 on on ADP cjal-3230 311 26 fmv fmv NOUN cjal-3230 311 27 ) ) PUNCT cjal-3230 311 28 when when SCONJ cjal-3230 311 29 selling sell VERB cjal-3230 311 30 their their PRON cjal-3230 311 31 property property NOUN cjal-3230 311 32 . . PUNCT cjal-3230 312 1 thus thus ADV cjal-3230 312 2 , , PUNCT cjal-3230 312 3 under under ADP cjal-3230 312 4 the the DET cjal-3230 312 5 anti anti ADJ cjal-3230 312 6 - - ADJ cjal-3230 312 7 speculation speculation ADJ cjal-3230 312 8 law law NOUN cjal-3230 312 9 , , PUNCT cjal-3230 312 10 non non ADJ cjal-3230 312 11 - - ADJ cjal-3230 312 12 registered registered ADJ cjal-3230 312 13 property property NOUN cjal-3230 312 14 holders holder NOUN cjal-3230 312 15 would would AUX cjal-3230 312 16 face face VERB cjal-3230 312 17 over over ADP cjal-3230 312 18 a a DET cjal-3230 312 19 15 15 NUM cjal-3230 312 20 % % NOUN cjal-3230 312 21 tax tax NOUN cjal-3230 312 22 increase increase NOUN cjal-3230 312 23 . . PUNCT cjal-3230 313 1 the the DET cjal-3230 313 2 government government NOUN cjal-3230 313 3 's 's PART cjal-3230 313 4 objective objective NOUN cjal-3230 313 5 of of ADP cjal-3230 313 6 the the DET cjal-3230 313 7 anti anti ADJ cjal-3230 313 8 - - ADJ cjal-3230 313 9 speculation speculation ADJ cjal-3230 313 10 tax tax NOUN cjal-3230 313 11 increase increase NOUN cjal-3230 313 12 is be AUX cjal-3230 313 13 to to PART cjal-3230 313 14 curb curb VERB cjal-3230 313 15 speculative speculative ADJ cjal-3230 313 16 investment investment NOUN cjal-3230 313 17 behavior behavior NOUN cjal-3230 313 18 among among ADP cjal-3230 313 19 non non ADJ cjal-3230 313 20 - - ADJ cjal-3230 313 21 registered registered ADJ cjal-3230 313 22 property property NOUN cjal-3230 313 23 owners owner NOUN cjal-3230 313 24 . . PUNCT cjal-3230 314 1 without without ADP cjal-3230 314 2 proper proper ADJ cjal-3230 314 3 registration registration NOUN cjal-3230 314 4 , , PUNCT cjal-3230 314 5 property property NOUN cjal-3230 314 6 owners owner NOUN cjal-3230 314 7 can can AUX cjal-3230 314 8 not not PART cjal-3230 314 9 exercise exercise VERB cjal-3230 314 10 their their PRON cjal-3230 314 11 right right NOUN cjal-3230 314 12 to to ADP cjal-3230 314 13 property property NOUN cjal-3230 314 14 " " PUNCT cjal-3230 314 15 because because SCONJ cjal-3230 314 16 they they PRON cjal-3230 314 17 would would AUX cjal-3230 314 18 not not PART cjal-3230 314 19 have have VERB cjal-3230 314 20 legal legal ADJ cjal-3230 314 21 title title NOUN cjal-3230 314 22 under under ADP cjal-3230 314 23 korean korean PROPN cjal-3230 314 24 law.75 law.75 PROPN cjal-3230 314 25 this this DET cjal-3230 314 26 scheme scheme NOUN cjal-3230 314 27 applies apply VERB cjal-3230 314 28 to to ADP cjal-3230 314 29 all all DET cjal-3230 314 30 areas area NOUN cjal-3230 314 31 and and CCONJ cjal-3230 314 32 the the DET cjal-3230 314 33 length length NOUN cjal-3230 314 34 of of ADP cjal-3230 314 35 73 73 NUM cjal-3230 314 36 to to PART cjal-3230 314 37 give give VERB cjal-3230 314 38 a a DET cjal-3230 314 39 straightforward straightforward ADJ cjal-3230 314 40 example example NOUN cjal-3230 314 41 , , PUNCT cjal-3230 314 42 with with SCONJ cjal-3230 314 43 the the DET cjal-3230 314 44 capital capital NOUN cjal-3230 314 45 gains gain NOUN cjal-3230 314 46 tax tax NOUN cjal-3230 314 47 formula formula NOUN cjal-3230 314 48 aforementioned aforementione VERB cjal-3230 314 49 , , PUNCT cjal-3230 314 50 if if SCONJ cjal-3230 314 51 person person NOUN cjal-3230 314 52 a a PRON cjal-3230 314 53 receives receive VERB cjal-3230 314 54 $ $ SYM cjal-3230 314 55 1 1 NUM cjal-3230 314 56 in in ADP cjal-3230 314 57 capital capital NOUN cjal-3230 314 58 gains gain NOUN cjal-3230 314 59 , , PUNCT cjal-3230 314 60 then then ADV cjal-3230 314 61 person person VERB cjal-3230 314 62 a a PRON cjal-3230 314 63 would would AUX cjal-3230 314 64 pay pay VERB cjal-3230 314 65 40 40 NUM cjal-3230 314 66 cents cent NOUN cjal-3230 314 67 in in ADP cjal-3230 314 68 capital capital NOUN cjal-3230 314 69 gains gain NOUN cjal-3230 314 70 tax tax NOUN cjal-3230 314 71 . . PUNCT cjal-3230 315 1 74 74 NUM cjal-3230 315 2 as as ADP cjal-3230 315 3 an an DET cjal-3230 315 4 illustrative illustrative ADJ cjal-3230 315 5 example example NOUN cjal-3230 315 6 , , PUNCT cjal-3230 315 7 assume assume VERB cjal-3230 315 8 investor investor NOUN cjal-3230 315 9 a a DET cjal-3230 315 10 transferred transfer VERB cjal-3230 315 11 property property NOUN cjal-3230 315 12 to to ADP cjal-3230 315 13 investor investor NOUN cjal-3230 315 14 b b PROPN cjal-3230 315 15 , , PUNCT cjal-3230 315 16 but but CCONJ cjal-3230 315 17 investor investor NOUN cjal-3230 315 18 b b NOUN cjal-3230 315 19 did do AUX cjal-3230 315 20 not not PART cjal-3230 315 21 register register VERB cjal-3230 315 22 the the DET cjal-3230 315 23 said say VERB cjal-3230 315 24 property property NOUN cjal-3230 315 25 . . PUNCT cjal-3230 316 1 thereafter thereafter ADV cjal-3230 316 2 , , PUNCT cjal-3230 316 3 if if SCONJ cjal-3230 316 4 investor investor NOUN cjal-3230 316 5 b b NOUN cjal-3230 316 6 wants want VERB cjal-3230 316 7 to to PART cjal-3230 316 8 sell sell VERB cjal-3230 316 9 the the DET cjal-3230 316 10 property property NOUN cjal-3230 316 11 , , PUNCT cjal-3230 316 12 investor investor NOUN cjal-3230 316 13 b b NOUN cjal-3230 316 14 does do AUX cjal-3230 316 15 not not PART cjal-3230 316 16 have have VERB cjal-3230 316 17 the the DET cjal-3230 316 18 legal legal ADJ cjal-3230 316 19 ownership ownership NOUN cjal-3230 316 20 interest interest NOUN cjal-3230 316 21 and/or and/or CCONJ cjal-3230 316 22 rights right NOUN cjal-3230 316 23 to to PART cjal-3230 316 24 sell sell VERB cjal-3230 316 25 such such ADJ cjal-3230 316 26 property property NOUN cjal-3230 316 27 . . PUNCT cjal-3230 317 1 that that PRON cjal-3230 317 2 is be AUX cjal-3230 317 3 , , PUNCT cjal-3230 317 4 investor investor NOUN cjal-3230 317 5 b b NOUN cjal-3230 317 6 can can AUX cjal-3230 317 7 not not PART cjal-3230 317 8 exercise exercise VERB cjal-3230 317 9 his his PRON cjal-3230 317 10 / / SYM cjal-3230 317 11 her her PRON cjal-3230 317 12 property property NOUN cjal-3230 317 13 right right NOUN cjal-3230 317 14 , , PUNCT cjal-3230 317 15 even even ADV cjal-3230 317 16 though though SCONJ cjal-3230 317 17 investor investor NOUN cjal-3230 317 18 b b NOUN cjal-3230 317 19 may may AUX cjal-3230 317 20 have have AUX cjal-3230 317 21 paid pay VERB cjal-3230 317 22 valid valid ADJ cjal-3230 317 23 consideration consideration NOUN cjal-3230 317 24 to to AUX cjal-3230 317 25 investor investor VERB cjal-3230 317 26 a a PRON cjal-3230 317 27 for for ADP cjal-3230 317 28 the the DET cjal-3230 317 29 property property NOUN cjal-3230 317 30 . . PUNCT cjal-3230 318 1 in in ADP cjal-3230 318 2 this this DET cjal-3230 318 3 instance instance NOUN cjal-3230 318 4 , , PUNCT cjal-3230 318 5 investor investor NOUN cjal-3230 318 6 a a NOUN cjal-3230 318 7 , , PUNCT cjal-3230 318 8 not not PART cjal-3230 318 9 b b NOUN cjal-3230 318 10 , , PUNCT cjal-3230 318 11 still still ADV cjal-3230 318 12 retains retain VERB cjal-3230 318 13 valid valid ADJ cjal-3230 318 14 legal legal ADJ cjal-3230 318 15 title title NOUN cjal-3230 318 16 to to ADP cjal-3230 318 17 the the DET cjal-3230 318 18 property property NOUN cjal-3230 318 19 , , PUNCT cjal-3230 318 20 assuming assume VERB cjal-3230 318 21 that that SCONJ cjal-3230 318 22 investor investor NOUN cjal-3230 318 23 b b NOUN cjal-3230 318 24 did do AUX cjal-3230 318 25 not not PART cjal-3230 318 26 register register VERB cjal-3230 318 27 the the DET cjal-3230 318 28 said say VERB cjal-3230 318 29 property property NOUN cjal-3230 318 30 at at ADP cjal-3230 318 31 the the DET cjal-3230 318 32 time time NOUN cjal-3230 318 33 of of ADP cjal-3230 318 34 investor investor NOUN cjal-3230 318 35 b b PROPN cjal-3230 318 36 's 's PART cjal-3230 318 37 purchase purchase NOUN cjal-3230 318 38 . . PUNCT cjal-3230 319 1 75 75 NUM cjal-3230 319 2 mr mr PROPN cjal-3230 319 3 . . PROPN cjal-3230 319 4 chun chun PROPN cjal-3230 319 5 - - PUNCT cjal-3230 319 6 pyo pyo PROPN cjal-3230 319 7 jhong jhong NOUN cjal-3230 319 8 of of ADP cjal-3230 319 9 the the DET cjal-3230 319 10 law law NOUN cjal-3230 319 11 firm firm NOUN cjal-3230 319 12 kim kim PROPN cjal-3230 319 13 & & CCONJ cjal-3230 319 14 chang chang PROPN cjal-3230 319 15 notes note VERB cjal-3230 319 16 that that SCONJ cjal-3230 319 17 " " PUNCT cjal-3230 319 18 any any DET cjal-3230 319 19 right right NOUN cjal-3230 319 20 to to ADP cjal-3230 319 21 or or CCONJ cjal-3230 319 22 interest interest NOUN cjal-3230 319 23 in in ADP cjal-3230 319 24 immovable immovable ADJ cjal-3230 319 25 property property NOUN cjal-3230 319 26 must must AUX cjal-3230 319 27 be be AUX cjal-3230 319 28 registered register VERB cjal-3230 319 29 with with ADP cjal-3230 319 30 the the DET cjal-3230 319 31 competent competent ADJ cjal-3230 319 32 court court NOUN cjal-3230 319 33 in in ADP cjal-3230 319 34 korea korea PROPN cjal-3230 319 35 pursuant pursuant ADV cjal-3230 319 36 to to ADP cjal-3230 319 37 the the DET cjal-3230 319 38 immovable immovable ADJ cjal-3230 319 39 property property NOUN cjal-3230 319 40 registration registration NOUN cjal-3230 319 41 act act NOUN cjal-3230 319 42 in in ADP cjal-3230 319 43 order order NOUN cjal-3230 319 44 for for SCONJ cjal-3230 319 45 it it PRON cjal-3230 319 46 to to PART cjal-3230 319 47 be be AUX cjal-3230 319 48 valid valid ADJ cjal-3230 319 49 and and CCONJ cjal-3230 319 50 effective effective ADJ cjal-3230 319 51 . . PUNCT cjal-3230 319 52 " " PUNCT cjal-3230 320 1 see see VERB cjal-3230 320 2 chun chun PROPN cjal-3230 320 3 - - PUNCT cjal-3230 320 4 pyo pyo PROPN cjal-3230 321 1 [ [ X cjal-3230 321 2 18:1 18:1 NUM cjal-3230 321 3 anti anti ADJ cjal-3230 321 4 - - ADJ cjal-3230 321 5 specula specula ADJ cjal-3230 321 6 tion tion NOUN cjal-3230 321 7 laws law NOUN cjal-3230 321 8 and and CCONJ cjal-3230 321 9 their their PRON cjal-3230 321 10 impact impact NOUN cjal-3230 321 11 time time NOUN cjal-3230 321 12 that that PRON cjal-3230 321 13 property property NOUN cjal-3230 321 14 is be AUX cjal-3230 321 15 held hold VERB cjal-3230 321 16 is be AUX cjal-3230 321 17 irrelevant irrelevant ADJ cjal-3230 321 18 in in ADP cjal-3230 321 19 terms term NOUN cjal-3230 321 20 of of ADP cjal-3230 321 21 affecting affect VERB cjal-3230 321 22 capital capital NOUN cjal-3230 321 23 gains gain NOUN cjal-3230 321 24 tax tax NOUN cjal-3230 321 25 obligations obligation NOUN cjal-3230 321 26 . . PUNCT cjal-3230 322 1 vi vi X cjal-3230 322 2 . . NOUN cjal-3230 322 3 taxes taxis NOUN cjal-3230 322 4 based base VERB cjal-3230 322 5 on on ADP cjal-3230 322 6 number number NOUN cjal-3230 322 7 of of ADP cjal-3230 322 8 property property NOUN cjal-3230 322 9 owned own VERB cjal-3230 322 10 a. a. NOUN cjal-3230 322 11 single single ADJ cjal-3230 322 12 property property NOUN cjal-3230 322 13 held hold VERB cjal-3230 322 14 under under ADP cjal-3230 322 15 the the DET cjal-3230 322 16 current current ADJ cjal-3230 322 17 tax tax NOUN cjal-3230 322 18 scheme scheme NOUN cjal-3230 322 19 , , PUNCT cjal-3230 322 20 single single ADJ cjal-3230 322 21 - - PUNCT cjal-3230 322 22 home home NOUN cjal-3230 322 23 owners owner NOUN cjal-3230 322 24 were be AUX cjal-3230 322 25 exempt exempt ADJ cjal-3230 322 26 from from ADP cjal-3230 322 27 capital capital NOUN cjal-3230 322 28 gains gain NOUN cjal-3230 322 29 tax tax NOUN cjal-3230 322 30 so so ADV cjal-3230 322 31 long long ADV cjal-3230 322 32 as as SCONJ cjal-3230 322 33 such such ADJ cjal-3230 322 34 owners owner NOUN cjal-3230 322 35 owned own VERB cjal-3230 322 36 their their PRON cjal-3230 322 37 property property NOUN cjal-3230 322 38 for for ADP cjal-3230 322 39 more more ADJ cjal-3230 322 40 than than ADP cjal-3230 322 41 three three NUM cjal-3230 322 42 years year NOUN cjal-3230 322 43 . . PUNCT cjal-3230 323 1 "6 "6 NOUN cjal-3230 323 2 under under ADP cjal-3230 323 3 the the DET cjal-3230 323 4 new new ADJ cjal-3230 323 5 anti anti ADJ cjal-3230 323 6 - - ADJ cjal-3230 323 7 speculation speculation ADJ cjal-3230 323 8 law law NOUN cjal-3230 323 9 , , PUNCT cjal-3230 323 10 to to PART cjal-3230 323 11 qualify qualify VERB cjal-3230 323 12 for for ADP cjal-3230 323 13 the the DET cjal-3230 323 14 same same ADJ cjal-3230 323 15 tax tax NOUN cjal-3230 323 16 exemption exemption NOUN cjal-3230 323 17 of of ADP cjal-3230 323 18 0 0 NUM cjal-3230 323 19 % % NOUN cjal-3230 323 20 , , PUNCT cjal-3230 323 21 a a DET cjal-3230 323 22 two two NUM cjal-3230 323 23 - - PUNCT cjal-3230 323 24 part part NOUN cjal-3230 323 25 test test NOUN cjal-3230 323 26 must must AUX cjal-3230 323 27 be be AUX cjal-3230 323 28 fulfilled fulfil VERB cjal-3230 323 29 . . PUNCT cjal-3230 324 1 first first ADV cjal-3230 324 2 , , PUNCT cjal-3230 324 3 the the DET cjal-3230 324 4 single single ADJ cjal-3230 324 5 - - PUNCT cjal-3230 324 6 home home NOUN cjal-3230 324 7 property property NOUN cjal-3230 324 8 owner owner NOUN cjal-3230 324 9 must must AUX cjal-3230 324 10 hold hold VERB cjal-3230 324 11 the the DET cjal-3230 324 12 property property NOUN cjal-3230 324 13 for for ADP cjal-3230 324 14 more more ADJ cjal-3230 324 15 than than ADP cjal-3230 324 16 three three NUM cjal-3230 324 17 years year NOUN cjal-3230 324 18 . . PUNCT cjal-3230 325 1 second second ADJ cjal-3230 325 2 , , PUNCT cjal-3230 325 3 the the DET cjal-3230 325 4 owner owner NOUN cjal-3230 325 5 must must AUX cjal-3230 325 6 live live VERB cjal-3230 325 7 in in ADP cjal-3230 325 8 the the DET cjal-3230 325 9 relevant relevant ADJ cjal-3230 325 10 property property NOUN cjal-3230 325 11 for for ADP cjal-3230 325 12 more more ADJ cjal-3230 325 13 than than ADP cjal-3230 325 14 two two NUM cjal-3230 325 15 years year NOUN cjal-3230 325 16 . . PUNCT cjal-3230 326 1 the the DET cjal-3230 326 2 revised revise VERB cjal-3230 326 3 tax tax NOUN cjal-3230 326 4 scheme scheme NOUN cjal-3230 326 5 applies apply VERB cjal-3230 326 6 only only ADV cjal-3230 326 7 to to ADP cjal-3230 326 8 selected select VERB cjal-3230 326 9 cities city NOUN cjal-3230 326 10 , , PUNCT cjal-3230 326 11 which which PRON cjal-3230 326 12 include include VERB cjal-3230 326 13 the the DET cjal-3230 326 14 seoul seoul PROPN cjal-3230 326 15 metropolitan metropolitan PROPN cjal-3230 326 16 area area NOUN cjal-3230 326 17 ( ( PUNCT cjal-3230 326 18 including include VERB cjal-3230 326 19 both both CCONJ cjal-3230 326 20 kangnam kangnam NOUN cjal-3230 326 21 and and CCONJ cjal-3230 326 22 kangbuk).77 kangbuk).77 PROPN cjal-3230 326 23 b. b. PROPN cjal-3230 326 24 two two NUM cjal-3230 326 25 properties property NOUN cjal-3230 326 26 held hold VERB cjal-3230 326 27 under under ADP cjal-3230 326 28 the the DET cjal-3230 326 29 current current ADJ cjal-3230 326 30 system system NOUN cjal-3230 326 31 , , PUNCT cjal-3230 326 32 owners owner NOUN cjal-3230 326 33 holding hold VERB cjal-3230 326 34 two two NUM cjal-3230 326 35 properties property NOUN cjal-3230 326 36 will will AUX cjal-3230 326 37 be be AUX cjal-3230 326 38 taxed tax VERB cjal-3230 326 39 at at ADP cjal-3230 326 40 the the DET cjal-3230 326 41 rate rate NOUN cjal-3230 326 42 of of ADP cjal-3230 326 43 9 9 NUM cjal-3230 326 44 to to PART cjal-3230 326 45 36 36 NUM cjal-3230 326 46 % % NOUN cjal-3230 326 47 . . PUNCT cjal-3230 327 1 under under ADP cjal-3230 327 2 the the DET cjal-3230 327 3 new new ADJ cjal-3230 327 4 tax tax NOUN cjal-3230 327 5 scheme scheme NOUN cjal-3230 327 6 , , PUNCT cjal-3230 327 7 owners owner NOUN cjal-3230 327 8 holding hold VERB cjal-3230 327 9 two two NUM cjal-3230 327 10 properties property NOUN cjal-3230 327 11 will will AUX cjal-3230 327 12 be be AUX cjal-3230 327 13 taxed tax VERB cjal-3230 327 14 at at ADP cjal-3230 327 15 the the DET cjal-3230 327 16 same same ADJ cjal-3230 327 17 rate rate NOUN cjal-3230 327 18 of of ADP cjal-3230 327 19 9 9 NUM cjal-3230 327 20 to36 to36 PROPN cjal-3230 327 21 % % NOUN cjal-3230 327 22 , , PUNCT cjal-3230 327 23 with with SCONJ cjal-3230 327 24 capital capital NOUN cjal-3230 327 25 gains gain NOUN cjal-3230 327 26 calculated calculate VERB cjal-3230 327 27 based base VERB cjal-3230 327 28 on on ADP cjal-3230 327 29 the the DET cjal-3230 327 30 government government NOUN cjal-3230 327 31 declared declare VERB cjal-3230 327 32 value value NOUN cjal-3230 327 33 ( ( PUNCT cjal-3230 327 34 " " PUNCT cjal-3230 327 35 gdv").8 gdv").8 NOUN cjal-3230 327 36 also also ADV cjal-3230 327 37 under under ADP cjal-3230 327 38 the the DET cjal-3230 327 39 new new ADJ cjal-3230 327 40 anti anti ADJ cjal-3230 327 41 - - ADJ cjal-3230 327 42 speculation speculation ADJ cjal-3230 327 43 law law NOUN cjal-3230 327 44 , , PUNCT cjal-3230 327 45 owners owner NOUN cjal-3230 327 46 of of ADP cjal-3230 327 47 two two NUM cjal-3230 327 48 properties property NOUN cjal-3230 327 49 in in ADP cjal-3230 327 50 designated designate VERB cjal-3230 327 51 anti anti ADJ cjal-3230 327 52 - - ADJ cjal-3230 327 53 speculation speculation ADJ cjal-3230 327 54 zones79 zones79 NOUN cjal-3230 327 55 may may AUX cjal-3230 327 56 also also ADV cjal-3230 327 57 face face VERB cjal-3230 327 58 an an DET cjal-3230 327 59 additional additional ADJ cjal-3230 327 60 15 15 NUM cjal-3230 327 61 % % NOUN cjal-3230 327 62 rate rate NOUN cjal-3230 327 63 , , PUNCT cjal-3230 327 64 above above ADV cjal-3230 327 65 and and CCONJ cjal-3230 327 66 beyond beyond ADP cjal-3230 327 67 the the DET cjal-3230 327 68 normal normal ADJ cjal-3230 327 69 9 9 NUM cjal-3230 327 70 to to PART cjal-3230 327 71 36 36 NUM cjal-3230 327 72 % % NOUN cjal-3230 327 73 capital capital NOUN cjal-3230 327 74 gains gain NOUN cjal-3230 327 75 rate rate NOUN cjal-3230 327 76 range range NOUN cjal-3230 327 77 jhong jhong NOUN cjal-3230 327 78 , , PUNCT cjal-3230 327 79 international international ADJ cjal-3230 327 80 finance finance NOUN cjal-3230 327 81 in in ADP cjal-3230 327 82 korea korea PROPN cjal-3230 327 83 11 11 NUM cjal-3230 327 84 ( ( PUNCT cjal-3230 327 85 kluwer kluwer PROPN cjal-3230 327 86 law law PROPN cjal-3230 327 87 international international PROPN cjal-3230 327 88 , , PUNCT cjal-3230 327 89 2002 2002 NUM cjal-3230 327 90 ) ) PUNCT cjal-3230 328 1 [ [ X cjal-3230 328 2 hereinafter hereinafter NOUN cjal-3230 328 3 jhong jhong NOUN cjal-3230 328 4 ] ] PUNCT cjal-3230 328 5 . . PUNCT cjal-3230 329 1 as as SCONJ cjal-3230 329 2 both both CCONJ cjal-3230 329 3 residential residential ADJ cjal-3230 329 4 and and CCONJ cjal-3230 329 5 commercial commercial ADJ cjal-3230 329 6 property property NOUN cjal-3230 329 7 would would AUX cjal-3230 329 8 in in ADP cjal-3230 329 9 most most ADJ cjal-3230 329 10 , , PUNCT cjal-3230 329 11 if if SCONJ cjal-3230 329 12 not not PART cjal-3230 329 13 all all PRON cjal-3230 329 14 , , PUNCT cjal-3230 329 15 cases case NOUN cjal-3230 329 16 be be AUX cjal-3230 329 17 considered consider VERB cjal-3230 329 18 as as ADP cjal-3230 329 19 " " PUNCT cjal-3230 329 20 immovable immovable ADJ cjal-3230 329 21 " " PUNCT cjal-3230 329 22 under under ADP cjal-3230 329 23 the the DET cjal-3230 329 24 korean korean ADJ cjal-3230 329 25 civil civil PROPN cjal-3230 329 26 code code NOUN cjal-3230 329 27 , , PUNCT cjal-3230 329 28 then then ADV cjal-3230 329 29 it it PRON cjal-3230 329 30 would would AUX cjal-3230 329 31 be be AUX cjal-3230 329 32 highly highly ADV cjal-3230 329 33 advisable advisable ADJ cjal-3230 329 34 for for SCONJ cjal-3230 329 35 good good ADJ cjal-3230 329 36 - - PUNCT cjal-3230 329 37 faith faith NOUN cjal-3230 329 38 property property NOUN cjal-3230 329 39 investors investor NOUN cjal-3230 329 40 to to PART cjal-3230 329 41 register register VERB cjal-3230 329 42 their their PRON cjal-3230 329 43 property property NOUN cjal-3230 329 44 with with ADP cjal-3230 329 45 the the DET cjal-3230 329 46 relevant relevant ADJ cjal-3230 329 47 court court NOUN cjal-3230 329 48 and/or and/or CCONJ cjal-3230 329 49 agency agency NOUN cjal-3230 329 50 . . PUNCT cjal-3230 330 1 76 76 NUM cjal-3230 330 2 see see VERB cjal-3230 330 3 income income NOUN cjal-3230 330 4 tax tax NOUN cjal-3230 330 5 law law NOUN cjal-3230 330 6 at at ADP cjal-3230 330 7 art art NOUN cjal-3230 330 8 . . PUNCT cjal-3230 331 1 155 155 NUM cjal-3230 331 2 . . X cjal-3230 331 3 77 77 NUM cjal-3230 332 1 the the DET cjal-3230 332 2 other other ADJ cjal-3230 332 3 relevant relevant ADJ cjal-3230 332 4 areas area NOUN cjal-3230 332 5 in in ADP cjal-3230 332 6 which which PRON cjal-3230 332 7 this this DET cjal-3230 332 8 new new ADJ cjal-3230 332 9 proposal proposal NOUN cjal-3230 332 10 will will AUX cjal-3230 332 11 affect affect VERB cjal-3230 332 12 is be AUX cjal-3230 332 13 kwchun kwchun PROPN cjal-3230 332 14 , , PUNCT cjal-3230 332 15 bundang bundang PROPN cjal-3230 332 16 , , PUNCT cjal-3230 332 17 ilsan ilsan PROPN cjal-3230 332 18 , , PUNCT cjal-3230 332 19 punchun punchun PROPN cjal-3230 332 20 , , PUNCT cjal-3230 332 21 jungdong jungdong PROPN cjal-3230 332 22 , , PUNCT cjal-3230 332 23 and and CCONJ cjal-3230 332 24 sanbon sanbon NOUN cjal-3230 332 25 . . PUNCT cjal-3230 333 1 see see VERB cjal-3230 333 2 i i PRON cjal-3230 333 3 d. d. PROPN cjal-3230 333 4 78 78 NUM cjal-3230 333 5 as as SCONJ cjal-3230 333 6 the the DET cjal-3230 333 7 anti anti ADJ cjal-3230 333 8 - - ADJ cjal-3230 333 9 speculation speculation ADJ cjal-3230 333 10 laws law NOUN cjal-3230 333 11 are be AUX cjal-3230 333 12 currently currently ADV cjal-3230 333 13 written write VERB cjal-3230 333 14 , , PUNCT cjal-3230 333 15 no no DET cjal-3230 333 16 specific specific ADJ cjal-3230 333 17 definitions definition NOUN cjal-3230 333 18 exist exist VERB cjal-3230 333 19 regarding regard VERB cjal-3230 333 20 exact exact ADJ cjal-3230 333 21 gdv gdv NOUN cjal-3230 333 22 rates rate NOUN cjal-3230 333 23 .. .. PUNCT cjal-3230 334 1 however however ADV cjal-3230 334 2 , , PUNCT cjal-3230 334 3 we we PRON cjal-3230 334 4 assume assume VERB cjal-3230 334 5 that that SCONJ cjal-3230 334 6 the the DET cjal-3230 334 7 national national ADJ cjal-3230 334 8 tax tax NOUN cjal-3230 334 9 service service NOUN cjal-3230 334 10 ( ( PUNCT cjal-3230 334 11 " " PUNCT cjal-3230 334 12 nts nt NOUN cjal-3230 334 13 " " PUNCT cjal-3230 334 14 ) ) PUNCT cjal-3230 334 15 would would AUX cjal-3230 334 16 be be AUX cjal-3230 334 17 the the DET cjal-3230 334 18 relevant relevant ADJ cjal-3230 334 19 9overnment 9overnment NUM cjal-3230 334 20 entity entity NOUN cjal-3230 334 21 to to PART cjal-3230 334 22 determine determine VERB cjal-3230 334 23 the the DET cjal-3230 334 24 relevant relevant ADJ cjal-3230 334 25 value value NOUN cjal-3230 334 26 . . PUNCT cjal-3230 335 1 the the DET cjal-3230 335 2 korean korean ADJ cjal-3230 335 3 government government NOUN cjal-3230 335 4 also also ADV cjal-3230 335 5 selected select VERB cjal-3230 335 6 twenty twenty NUM cjal-3230 335 7 - - PUNCT cjal-3230 335 8 two two NUM cjal-3230 335 9 additional additional ADJ cjal-3230 335 10 candidate candidate NOUN cjal-3230 335 11 areas area NOUN cjal-3230 335 12 in in ADP cjal-3230 335 13 seoul seoul PROPN cjal-3230 335 14 , , PUNCT cjal-3230 335 15 gyeonggi gyeonggi NOUN cjal-3230 335 16 and and CCONJ cjal-3230 335 17 southern southern ADJ cjal-3230 335 18 chungcheong chungcheong NOUN cjal-3230 335 19 provinces province NOUN cjal-3230 335 20 as as ADP cjal-3230 335 21 " " PUNCT cjal-3230 335 22 anti anti ADJ cjal-3230 335 23 - - ADJ cjal-3230 335 24 speculation speculation ADJ cjal-3230 335 25 zones zone NOUN cjal-3230 335 26 " " PUNCT cjal-3230 335 27 . . PUNCT cjal-3230 336 1 in in ADP cjal-3230 336 2 total total ADJ cjal-3230 336 3 fifty fifty NUM cjal-3230 336 4 - - PUNCT cjal-3230 336 5 eight eight NUM cjal-3230 336 6 areas area NOUN cjal-3230 336 7 will will AUX cjal-3230 336 8 be be AUX cjal-3230 336 9 under under ADP cjal-3230 336 10 very very ADV cjal-3230 336 11 close close ADJ cjal-3230 336 12 government government NOUN cjal-3230 336 13 surveillance surveillance NOUN cjal-3230 336 14 for for ADP cjal-3230 336 15 short short ADJ cjal-3230 336 16 - - PUNCT cjal-3230 336 17 term term NOUN cjal-3230 336 18 real real ADJ cjal-3230 336 19 estate estate NOUN cjal-3230 336 20 speculative speculative ADJ cjal-3230 336 21 investments investment NOUN cjal-3230 336 22 . . PUNCT cjal-3230 337 1 see see VERB cjal-3230 337 2 ministry ministry PROPN cjal-3230 337 3 of of ADP cjal-3230 337 4 foreign foreign PROPN cjal-3230 337 5 affairs affair NOUN cjal-3230 337 6 and and CCONJ cjal-3230 337 7 economy economy NOUN cjal-3230 337 8 , , PUNCT cjal-3230 337 9 available available ADJ cjal-3230 337 10 at at ADP cjal-3230 337 11 http://www.mofe.go.kr/eaov/egov http://www.mofe.go.kr/eaov/egov PROPN cjal-3230 337 12 01 01 NUM cjal-3230 337 13 .php?action .php?action NOUN cjal-3230 337 14 = = SYM cjal-3230 337 15 view&cmd view&cmd ADP cjal-3230 337 16 = = SYM cjal-3230 337 17 view&code=31527&page=2&pos= view&code=31527&page=2&pos= PROPN cjal-3230 337 18 1 1 NUM cjal-3230 337 19 8 8 NUM cjal-3230 337 20 . . PUNCT cjal-3230 338 1 however however ADV cjal-3230 338 2 , , PUNCT cjal-3230 338 3 the the DET cjal-3230 338 4 " " PUNCT cjal-3230 338 5 anti anti ADJ cjal-3230 338 6 - - ADJ cjal-3230 338 7 speculation speculation ADJ cjal-3230 338 8 zones zone NOUN cjal-3230 338 9 " " PUNCT cjal-3230 338 10 are be AUX cjal-3230 338 11 not not PART cjal-3230 338 12 fixed fix VERB cjal-3230 338 13 , , PUNCT cjal-3230 338 14 and and CCONJ cjal-3230 338 15 thus thus ADV cjal-3230 338 16 , , PUNCT cjal-3230 338 17 the the DET cjal-3230 338 18 government government NOUN cjal-3230 338 19 is be AUX cjal-3230 338 20 in in ADP cjal-3230 338 21 process process NOUN cjal-3230 338 22 of of ADP cjal-3230 338 23 deciding decide VERB cjal-3230 338 24 to to PART cjal-3230 338 25 add add VERB cjal-3230 338 26 and/or and/or CCONJ cjal-3230 338 27 remove remove VERB cjal-3230 338 28 certain certain ADJ cjal-3230 338 29 districts district NOUN cjal-3230 338 30 to to ADP cjal-3230 338 31 the the DET cjal-3230 338 32 list list NOUN cjal-3230 338 33 . . PUNCT cjal-3230 339 1 see see VERB cjal-3230 339 2 generally generally ADV cjal-3230 339 3 , , PUNCT cjal-3230 339 4 4 4 NUM cjal-3230 339 5 areas area NOUN cjal-3230 339 6 named name VERB cjal-3230 339 7 ' ' PUNCT cjal-3230 339 8 speculative speculative ADJ cjal-3230 339 9 ' ' PUNCT cjal-3230 339 10 : : PUNCT cjal-3230 339 11 real real ADJ cjal-3230 339 12 estate estate NOUN cjal-3230 339 13 prices price NOUN cjal-3230 339 14 rise rise VERB cjal-3230 339 15 fast fast ADV cjal-3230 339 16 in in ADP cjal-3230 339 17 seoul seoul PROPN cjal-3230 339 18 , , PUNCT cjal-3230 339 19 suburbs suburb NOUN cjal-3230 339 20 joongahn joongahn PROPN cjal-3230 339 21 daily daily ADV cjal-3230 339 22 , , PUNCT cjal-3230 339 23 april april PROPN cjal-3230 339 24 27 27 NUM cjal-3230 339 25 , , PUNCT cjal-3230 339 26 2004 2004 NUM cjal-3230 339 27 , , PUNCT cjal-3230 339 28 at at ADP cjal-3230 339 29 4 4 NUM cjal-3230 339 30 . . NOUN cjal-3230 339 31 2004 2004 NUM cjal-3230 339 32 ] ] PUNCT cjal-3230 339 33 columbia columbia PROPN cjal-3230 339 34 journal journal PROPN cjal-3230 339 35 of of ADP cjal-3230 339 36 asian asian ADJ cjal-3230 339 37 law law NOUN cjal-3230 339 38 ( ( PUNCT cjal-3230 339 39 increasing increase VERB cjal-3230 339 40 the the DET cjal-3230 339 41 total total ADJ cjal-3230 339 42 capital capital NOUN cjal-3230 339 43 gains gain NOUN cjal-3230 339 44 rate rate NOUN cjal-3230 339 45 from from ADP cjal-3230 339 46 24 24 NUM cjal-3230 339 47 % % NOUN cjal-3230 339 48 to to ADP cjal-3230 339 49 51 51 NUM cjal-3230 339 50 % % NOUN cjal-3230 339 51 ) ) PUNCT cjal-3230 339 52 80 80 NUM cjal-3230 339 53 based base VERB cjal-3230 339 54 upon upon SCONJ cjal-3230 339 55 the the DET cjal-3230 339 56 nts nt NOUN cjal-3230 339 57 ' ' PART cjal-3230 339 58 ( ( PUNCT cjal-3230 339 59 national national ADJ cjal-3230 339 60 tax tax NOUN cjal-3230 339 61 service service NOUN cjal-3230 339 62 ) ) PUNCT cjal-3230 339 63 sole sole ADJ cjal-3230 339 64 discretion discretion NOUN cjal-3230 339 65 . . PUNCT cjal-3230 340 1 the the DET cjal-3230 340 2 revised revise VERB cjal-3230 340 3 law law NOUN cjal-3230 340 4 will will AUX cjal-3230 340 5 be be AUX cjal-3230 340 6 in in ADP cjal-3230 340 7 effect effect NOUN cjal-3230 340 8 from from ADP cjal-3230 340 9 on on ADP cjal-3230 340 10 or or CCONJ cjal-3230 340 11 about about ADP cjal-3230 340 12 january january PROPN cjal-3230 340 13 1 1 NUM cjal-3230 340 14 , , PUNCT cjal-3230 340 15 2004 2004 NUM cjal-3230 340 16 , , PUNCT cjal-3230 340 17 and and CCONJ cjal-3230 340 18 will will AUX cjal-3230 340 19 apply apply VERB cjal-3230 340 20 to to ADP cjal-3230 340 21 all all DET cjal-3230 340 22 areas area NOUN cjal-3230 340 23 . . PUNCT cjal-3230 341 1 " " PUNCT cjal-3230 341 2 ' ' PUNCT cjal-3230 341 3 c. c. NOUN cjal-3230 341 4 three three NUM cjal-3230 341 5 or or CCONJ cjal-3230 341 6 more more ADJ cjal-3230 341 7 properties property NOUN cjal-3230 341 8 under under ADP cjal-3230 341 9 the the DET cjal-3230 341 10 current current ADJ cjal-3230 341 11 system system NOUN cjal-3230 341 12 , , PUNCT cjal-3230 341 13 owners owner NOUN cjal-3230 341 14 of of ADP cjal-3230 341 15 three three NUM cjal-3230 341 16 or or CCONJ cjal-3230 341 17 more more ADJ cjal-3230 341 18 properties property NOUN cjal-3230 341 19 must must AUX cjal-3230 341 20 pay pay VERB cjal-3230 341 21 9 9 NUM cjal-3230 341 22 to to PART cjal-3230 341 23 36 36 NUM cjal-3230 341 24 % % NOUN cjal-3230 341 25 capital capital NOUN cjal-3230 341 26 gains gain NOUN cjal-3230 341 27 tax.82 tax.82 VERB cjal-3230 341 28 under under ADP cjal-3230 341 29 the the DET cjal-3230 341 30 new new ADJ cjal-3230 341 31 tax tax NOUN cjal-3230 341 32 proposal proposal NOUN cjal-3230 341 33 , , PUNCT cjal-3230 341 34 however however ADV cjal-3230 341 35 , , PUNCT cjal-3230 341 36 such such ADJ cjal-3230 341 37 owners owner NOUN cjal-3230 341 38 with with ADP cjal-3230 341 39 three three NUM cjal-3230 341 40 or or CCONJ cjal-3230 341 41 more more ADJ cjal-3230 341 42 properties property NOUN cjal-3230 341 43 will will AUX cjal-3230 341 44 face face VERB cjal-3230 341 45 a a DET cjal-3230 341 46 60 60 NUM cjal-3230 341 47 % % NOUN cjal-3230 341 48 capital capital NOUN cjal-3230 341 49 gains gain NOUN cjal-3230 341 50 tax tax NOUN cjal-3230 341 51 rate rate NOUN cjal-3230 341 52 when when SCONJ cjal-3230 341 53 selling sell VERB cjal-3230 341 54 their their PRON cjal-3230 341 55 property property NOUN cjal-3230 341 56 ( ( PUNCT cjal-3230 341 57 i.e. i.e. X cjal-3230 341 58 , , PUNCT cjal-3230 341 59 a a DET cjal-3230 341 60 dramatic dramatic ADJ cjal-3230 341 61 capital capital NOUN cjal-3230 341 62 gains gain NOUN cjal-3230 341 63 tax tax NOUN cjal-3230 341 64 percentage percentage NOUN cjal-3230 341 65 increase increase NOUN cjal-3230 341 66 of of ADP cjal-3230 341 67 up up ADP cjal-3230 341 68 to to PART cjal-3230 341 69 667 667 NUM cjal-3230 341 70 % % NOUN cjal-3230 341 71 ) ) PUNCT cjal-3230 341 72 . . PUNCT cjal-3230 342 1 the the DET cjal-3230 342 2 tax tax NOUN cjal-3230 342 3 rate rate NOUN cjal-3230 342 4 would would AUX cjal-3230 342 5 be be AUX cjal-3230 342 6 based base VERB cjal-3230 342 7 on on ADP cjal-3230 342 8 the the DET cjal-3230 342 9 fair fair ADJ cjal-3230 342 10 market market NOUN cjal-3230 342 11 value value NOUN cjal-3230 342 12 ( ( PUNCT cjal-3230 342 13 " " PUNCT cjal-3230 342 14 fmv fmv PROPN cjal-3230 342 15 " " PUNCT cjal-3230 342 16 ) ) PUNCT cjal-3230 342 17 of of ADP cjal-3230 342 18 the the DET cjal-3230 342 19 property property NOUN cjal-3230 342 20 , , PUNCT cjal-3230 342 21 rather rather ADV cjal-3230 342 22 than than ADP cjal-3230 342 23 based base VERB cjal-3230 342 24 on on ADP cjal-3230 342 25 the the DET cjal-3230 342 26 government government NOUN cjal-3230 342 27 declared declare VERB cjal-3230 342 28 value value NOUN cjal-3230 342 29 ( ( PUNCT cjal-3230 342 30 " " PUNCT cjal-3230 342 31 gdv gdv NOUN cjal-3230 342 32 " " PUNCT cjal-3230 342 33 ) ) PUNCT cjal-3230 342 34 , , PUNCT cjal-3230 342 35 in in ADP cjal-3230 342 36 an an DET cjal-3230 342 37 aggressive aggressive ADJ cjal-3230 342 38 legislative legislative ADJ cjal-3230 342 39 effort effort NOUN cjal-3230 342 40 to to PART cjal-3230 342 41 bring bring VERB cjal-3230 342 42 property property NOUN cjal-3230 342 43 valuations valuation NOUN cjal-3230 342 44 closer close ADV cjal-3230 342 45 to to ADP cjal-3230 342 46 perceived perceive VERB cjal-3230 342 47 market market NOUN cjal-3230 342 48 levels level NOUN cjal-3230 342 49 . . PUNCT cjal-3230 343 1 moreover moreover ADV cjal-3230 343 2 , , PUNCT cjal-3230 343 3 under under ADP cjal-3230 343 4 the the DET cjal-3230 343 5 new new ADJ cjal-3230 343 6 proposal proposal NOUN cjal-3230 343 7 , , PUNCT cjal-3230 343 8 properties property NOUN cjal-3230 343 9 that that PRON cjal-3230 343 10 exist exist VERB cjal-3230 343 11 within within ADP cjal-3230 343 12 government government NOUN cjal-3230 343 13 - - PUNCT cjal-3230 343 14 designated designate VERB cjal-3230 343 15 " " PUNCT cjal-3230 343 16 anti anti ADJ cjal-3230 343 17 - - ADJ cjal-3230 343 18 speculation speculation ADJ cjal-3230 343 19 zones zone NOUN cjal-3230 343 20 " " PUNCT cjal-3230 343 21 could could AUX cjal-3230 343 22 incur incur VERB cjal-3230 343 23 a a DET cjal-3230 343 24 very very ADV cjal-3230 343 25 notable notable ADJ cjal-3230 343 26 82.5 82.5 NUM cjal-3230 343 27 % % NOUN cjal-3230 343 28 capital capital NOUN cjal-3230 343 29 gains gain NOUN cjal-3230 343 30 tax tax NOUN cjal-3230 343 31 hike hike NOUN cjal-3230 343 32 . . PUNCT cjal-3230 344 1 3 3 NUM cjal-3230 344 2 this this DET cjal-3230 344 3 proposal proposal NOUN cjal-3230 344 4 will will AUX cjal-3230 344 5 have have VERB cjal-3230 344 6 a a DET cjal-3230 344 7 one one NUM cjal-3230 344 8 - - PUNCT cjal-3230 344 9 year year NOUN cjal-3230 344 10 grace grace NOUN cjal-3230 344 11 period period NOUN cjal-3230 344 12 and and CCONJ cjal-3230 344 13 applies apply VERB cjal-3230 344 14 to to ADP cjal-3230 344 15 all all DET cjal-3230 344 16 areas area NOUN cjal-3230 344 17 . . PUNCT cjal-3230 345 1 vii vii PROPN cjal-3230 345 2 . . PROPN cjal-3230 346 1 additional additional ADJ cjal-3230 346 2 property property NOUN cjal-3230 346 3 tax tax NOUN cjal-3230 346 4 proposals proposal NOUN cjal-3230 346 5 a. a. NOUN cjal-3230 346 6 property property NOUN cjal-3230 346 7 valued value VERB cjal-3230 346 8 at at ADP cjal-3230 346 9 600 600 NUM cjal-3230 346 10 million million NUM cjal-3230 346 11 korean korean ADJ cjal-3230 346 12 won win VERB cjal-3230 346 13 in in ADP cjal-3230 346 14 government government NOUN cjal-3230 346 15 designated designate VERB cjal-3230 346 16 " " PUNCT cjal-3230 346 17 anti anti ADJ cjal-3230 346 18 - - ADJ cjal-3230 346 19 speculation speculation ADJ cjal-3230 346 20 zones zone NOUN cjal-3230 346 21 " " PUNCT cjal-3230 346 22 owners owner NOUN cjal-3230 346 23 of of ADP cjal-3230 346 24 property property NOUN cjal-3230 346 25 with with ADP cjal-3230 346 26 a a DET cjal-3230 346 27 fair fair ADJ cjal-3230 346 28 market market NOUN cjal-3230 346 29 value value NOUN cjal-3230 346 30 of of ADP cjal-3230 346 31 600 600 NUM cjal-3230 346 32 million million NUM cjal-3230 346 33 krw krw NOUN cjal-3230 346 34 in in ADP cjal-3230 346 35 government government NOUN cjal-3230 346 36 designated designate VERB cjal-3230 346 37 anti anti ADJ cjal-3230 346 38 - - ADJ cjal-3230 346 39 speculation speculation ADJ cjal-3230 346 40 zones zone NOUN cjal-3230 346 41 must must AUX cjal-3230 346 42 pay pay VERB cjal-3230 346 43 heavier heavy ADJ cjal-3230 346 44 acquisition acquisition NOUN cjal-3230 346 45 and and CCONJ cjal-3230 346 46 registration registration NOUN cjal-3230 346 47 taxes taxis NOUN cjal-3230 346 48 under under ADP cjal-3230 346 49 the the DET cjal-3230 346 50 new new ADJ cjal-3230 346 51 scheme scheme NOUN cjal-3230 346 52 . . PUNCT cjal-3230 346 53 " " PUNCT cjal-3230 347 1 currently currently ADV cjal-3230 347 2 , , PUNCT cjal-3230 347 3 the the DET cjal-3230 347 4 80 80 NUM cjal-3230 347 5 see see NOUN cjal-3230 347 6 income income NOUN cjal-3230 347 7 tax tax NOUN cjal-3230 347 8 law law NOUN cjal-3230 347 9 at at ADP cjal-3230 347 10 art art NOUN cjal-3230 347 11 . . PUNCT cjal-3230 348 1 155 155 NUM cjal-3230 348 2 . . PUNCT cjal-3230 348 3 " " PUNCT cjal-3230 348 4 see see VERB cjal-3230 348 5 i i PRON cjal-3230 348 6 d. d. PROPN cjal-3230 348 7 82 82 NUM cjal-3230 348 8 see see VERB cjal-3230 348 9 income income NOUN cjal-3230 348 10 tax tax NOUN cjal-3230 348 11 law law NOUN cjal-3230 348 12 at at ADP cjal-3230 348 13 art art NOUN cjal-3230 348 14 . . PUNCT cjal-3230 349 1 95 95 NUM cjal-3230 349 2 and and CCONJ cjal-3230 349 3 155 155 NUM cjal-3230 349 4 . . NOUN cjal-3230 349 5 83 83 NUM cjal-3230 349 6 for for ADP cjal-3230 349 7 instance instance NOUN cjal-3230 349 8 , , PUNCT cjal-3230 349 9 assume assume VERB cjal-3230 349 10 investor investor NOUN cjal-3230 349 11 b b PROPN cjal-3230 349 12 gains gain NOUN cjal-3230 349 13 1 1 NUM cjal-3230 349 14 u.s u.s PROPN cjal-3230 349 15 . . PROPN cjal-3230 349 16 dollar dollar NOUN cjal-3230 349 17 from from ADP cjal-3230 349 18 selling sell VERB cjal-3230 349 19 his his PRON cjal-3230 349 20 or or CCONJ cjal-3230 349 21 her her PRON cjal-3230 349 22 property property NOUN cjal-3230 349 23 . . PUNCT cjal-3230 350 1 according accord VERB cjal-3230 350 2 to to ADP cjal-3230 350 3 the the DET cjal-3230 350 4 new new ADJ cjal-3230 350 5 property property NOUN cjal-3230 350 6 law law NOUN cjal-3230 350 7 , , PUNCT cjal-3230 350 8 investor investor NOUN cjal-3230 350 9 b b PROPN cjal-3230 350 10 must must AUX cjal-3230 350 11 now now ADV cjal-3230 350 12 pay pay VERB cjal-3230 350 13 60 60 NUM cjal-3230 350 14 % % NOUN cjal-3230 350 15 capital capital NOUN cjal-3230 350 16 gains gain NOUN cjal-3230 350 17 tax tax NOUN cjal-3230 350 18 , , PUNCT cjal-3230 350 19 in in ADP cjal-3230 350 20 addition addition NOUN cjal-3230 350 21 , , PUNCT cjal-3230 350 22 if if SCONJ cjal-3230 350 23 based base VERB cjal-3230 350 24 on on ADP cjal-3230 350 25 close close ADJ cjal-3230 350 26 property property NOUN cjal-3230 350 27 market market NOUN cjal-3230 350 28 surveillance surveillance NOUN cjal-3230 350 29 by by ADP cjal-3230 350 30 government government NOUN cjal-3230 350 31 authorities authority NOUN cjal-3230 350 32 , , PUNCT cjal-3230 350 33 officials official NOUN cjal-3230 350 34 detect detect VERB cjal-3230 350 35 a a DET cjal-3230 350 36 substantial substantial ADJ cjal-3230 350 37 or or CCONJ cjal-3230 350 38 dramatic dramatic ADJ cjal-3230 350 39 increase increase NOUN cjal-3230 350 40 in in ADP cjal-3230 350 41 property property NOUN cjal-3230 350 42 price price NOUN cjal-3230 350 43 , , PUNCT cjal-3230 350 44 then then ADV cjal-3230 350 45 an an DET cjal-3230 350 46 additional additional ADJ cjal-3230 350 47 and and CCONJ cjal-3230 350 48 discretionary discretionary ADJ cjal-3230 350 49 15 15 NUM cjal-3230 350 50 % % NOUN cjal-3230 350 51 elasticity elasticity NOUN cjal-3230 350 52 tax tax NOUN cjal-3230 350 53 may may AUX cjal-3230 350 54 be be AUX cjal-3230 350 55 imposed impose VERB cjal-3230 350 56 . . PUNCT cjal-3230 351 1 above above ADV cjal-3230 351 2 and and CCONJ cjal-3230 351 3 beyond beyond ADP cjal-3230 351 4 the the DET cjal-3230 351 5 60 60 NUM cjal-3230 351 6 % % NOUN cjal-3230 351 7 and and CCONJ cjal-3230 351 8 possible possible ADJ cjal-3230 351 9 15 15 NUM cjal-3230 351 10 % % NOUN cjal-3230 351 11 discretionary discretionary ADJ cjal-3230 351 12 tax tax NOUN cjal-3230 351 13 , , PUNCT cjal-3230 351 14 investor investor NOUN cjal-3230 351 15 b b PROPN cjal-3230 351 16 must must AUX cjal-3230 351 17 also also ADV cjal-3230 351 18 pay pay VERB cjal-3230 351 19 a a DET cjal-3230 351 20 7.5 7.5 NUM cjal-3230 351 21 % % NOUN cjal-3230 351 22 inhabitants inhabitant NOUN cjal-3230 351 23 ' ' PART cjal-3230 351 24 tax tax NOUN cjal-3230 351 25 . . PUNCT cjal-3230 352 1 therefore therefore ADV cjal-3230 352 2 , , PUNCT cjal-3230 352 3 to to PART cjal-3230 352 4 sum sum VERB cjal-3230 352 5 up up ADP cjal-3230 352 6 all all DET cjal-3230 352 7 taxes taxis NOUN cjal-3230 352 8 , , PUNCT cjal-3230 352 9 investor investor NOUN cjal-3230 352 10 b b PROPN cjal-3230 352 11 is be AUX cjal-3230 352 12 now now ADV cjal-3230 352 13 required require VERB cjal-3230 352 14 to to PART cjal-3230 352 15 pay pay VERB cjal-3230 352 16 a a DET cjal-3230 352 17 total total NOUN cjal-3230 352 18 of of ADP cjal-3230 352 19 82.5 82.5 NUM cjal-3230 352 20 cents cent NOUN cjal-3230 352 21 for for ADP cjal-3230 352 22 every every DET cjal-3230 352 23 u.s u.s PROPN cjal-3230 352 24 . . PROPN cjal-3230 352 25 dollar dollar NOUN cjal-3230 352 26 of of ADP cjal-3230 352 27 capital capital NOUN cjal-3230 352 28 gains gain NOUN cjal-3230 352 29 . . PUNCT cjal-3230 353 1 see see VERB cjal-3230 353 2 income income NOUN cjal-3230 353 3 tax tax NOUN cjal-3230 353 4 law law NOUN cjal-3230 353 5 at at ADP cjal-3230 353 6 art art NOUN cjal-3230 353 7 . . PUNCT cjal-3230 354 1 95 95 NUM cjal-3230 354 2 and and CCONJ cjal-3230 354 3 104 104 NUM cjal-3230 354 4 , , PUNCT cjal-3230 354 5 84 84 NUM cjal-3230 354 6 for for ADP cjal-3230 354 7 purposes purpose NOUN cjal-3230 354 8 of of ADP cjal-3230 354 9 this this DET cjal-3230 354 10 section section NOUN cjal-3230 354 11 , , PUNCT cjal-3230 354 12 " " PUNCT cjal-3230 354 13 anti anti ADJ cjal-3230 354 14 - - ADJ cjal-3230 354 15 speculation speculation ADJ cjal-3230 354 16 zones zone NOUN cjal-3230 354 17 " " PUNCT cjal-3230 354 18 are be AUX cjal-3230 354 19 seoul seoul PROPN cjal-3230 354 20 ( ( PUNCT cjal-3230 354 21 both both CCONJ cjal-3230 354 22 kangnam kangnam NOUN cjal-3230 354 23 and and CCONJ cjal-3230 354 24 kangbuk kangbuk NOUN cjal-3230 354 25 ) ) PUNCT cjal-3230 354 26 , , PUNCT cjal-3230 354 27 busan busan PROPN cjal-3230 354 28 , , PUNCT cjal-3230 354 29 daegu daegu NOUN cjal-3230 354 30 , , PUNCT cjal-3230 354 31 kwngfu kwngfu PROPN cjal-3230 354 32 , , PUNCT cjal-3230 354 33 ulsan ulsan PROPN cjal-3230 354 34 , , PUNCT cjal-3230 354 35 inchen inchen PROPN cjal-3230 354 36 , , PUNCT cjal-3230 354 37 daejen daejen PROPN cjal-3230 354 38 , , PUNCT cjal-3230 354 39 gyeonggi gyeonggi NOUN cjal-3230 354 40 , , PUNCT cjal-3230 354 41 chungchen chungchen NOUN cjal-3230 354 42 , , PUNCT cjal-3230 354 43 chunan chunan NOUN cjal-3230 354 44 , , PUNCT cjal-3230 354 45 asan asan ADJ cjal-3230 354 46 , , PUNCT cjal-3230 354 47 yangsan yangsan NOUN cjal-3230 354 48 , , PUNCT cjal-3230 354 49 and and CCONJ cjal-3230 354 50 changwon changwon VERB cjal-3230 354 51 . . PUNCT cjal-3230 355 1 see see VERB cjal-3230 355 2 kexim kexim PROPN cjal-3230 355 3 bank bank PROPN cjal-3230 355 4 website website NOUN cjal-3230 355 5 , , PUNCT cjal-3230 355 6 available available ADJ cjal-3230 355 7 at at ADP cjal-3230 355 8 http://est.kbstar.com/quics?page=a001418&cc=a000702:a000695 http://est.kbstar.com/quics?page=a001418&cc=a000702:a000695 PROPN cjal-3230 355 9 . . PUNCT cjal-3230 356 1 as as ADP cjal-3230 356 2 an an DET cjal-3230 356 3 example example NOUN cjal-3230 356 4 of of ADP cjal-3230 356 5 real real ADJ cjal-3230 356 6 estate estate NOUN cjal-3230 356 7 investments investment NOUN cjal-3230 356 8 in in ADP cjal-3230 356 9 the the DET cjal-3230 356 10 kangbuk kangbuk NOUN cjal-3230 356 11 ( ( PUNCT cjal-3230 356 12 northern northern ADJ cjal-3230 356 13 seoul seoul PROPN cjal-3230 356 14 ) ) PUNCT cjal-3230 356 15 area area NOUN cjal-3230 356 16 , , PUNCT cjal-3230 356 17 see see VERB cjal-3230 356 18 generally generally ADV cjal-3230 356 19 , , PUNCT cjal-3230 356 20 from from ADP cjal-3230 356 21 military military ADJ cjal-3230 356 22 base base NOUN cjal-3230 356 23 to to ADP cjal-3230 356 24 real real ADJ cjal-3230 356 25 - - PUNCT cjal-3230 356 26 estate estate NOUN cjal-3230 356 27 wars war NOUN cjal-3230 356 28 , , PUNCT cjal-3230 356 29 int'l int'l ADP cjal-3230 356 30 herald herald PROPN cjal-3230 356 31 tribune tribune PROPN cjal-3230 356 32 , , PUNCT cjal-3230 356 33 april april PROPN cjal-3230 356 34 26 26 NUM cjal-3230 356 35 , , PUNCT cjal-3230 356 36 2004 2004 NUM cjal-3230 356 37 , , PUNCT cjal-3230 356 38 at at ADP cjal-3230 356 39 1 1 NUM cjal-3230 356 40 . . PUNCT cjal-3230 357 1 for for ADP cjal-3230 357 2 purposes purpose NOUN cjal-3230 357 3 of of ADP cjal-3230 357 4 clarity clarity NOUN cjal-3230 357 5 , , PUNCT cjal-3230 357 6 property property NOUN cjal-3230 357 7 with with ADP cjal-3230 357 8 ( ( PUNCT cjal-3230 357 9 1 1 NUM cjal-3230 357 10 ) ) PUNCT cjal-3230 357 11 more more ADJ cjal-3230 357 12 than than ADP cjal-3230 357 13 600 600 NUM cjal-3230 357 14 million million NUM cjal-3230 357 15 krw krw NOUN cjal-3230 357 16 in in ADP cjal-3230 357 17 non non ADJ cjal-3230 357 18 - - ADJ cjal-3230 357 19 anti anti ADJ cjal-3230 357 20 - - ADJ cjal-3230 357 21 speculation speculation ADJ cjal-3230 357 22 zones zone NOUN cjal-3230 357 23 , , PUNCT cjal-3230 357 24 and and CCONJ cjal-3230 357 25 ( ( PUNCT cjal-3230 357 26 2 2 NUM cjal-3230 357 27 ) ) PUNCT cjal-3230 357 28 less less ADJ cjal-3230 357 29 than than ADP cjal-3230 357 30 600 600 NUM cjal-3230 357 31 million million NUM cjal-3230 357 32 krw krw NOUN cjal-3230 357 33 in in ADP cjal-3230 357 34 anti anti ADJ cjal-3230 357 35 - - ADJ cjal-3230 357 36 speculation speculation ADJ cjal-3230 357 37 zones zone NOUN cjal-3230 357 38 will will AUX cjal-3230 357 39 not not PART cjal-3230 357 40 be be AUX cjal-3230 357 41 effected effect VERB cjal-3230 357 42 by by ADP cjal-3230 357 43 this this DET cjal-3230 357 44 law law NOUN cjal-3230 357 45 . . PUNCT cjal-3230 358 1 see see VERB cjal-3230 358 2 i i PRON cjal-3230 358 3 d. d. PROPN cjal-3230 359 1 [ [ X cjal-3230 359 2 18:1 18:1 NUM cjal-3230 359 3 anti anti ADJ cjal-3230 359 4 - - ADJ cjal-3230 359 5 specula specula ADJ cjal-3230 359 6 tionlaws tionlaw NOUN cjal-3230 359 7 and and CCONJ cjal-3230 359 8 their their PRON cjal-3230 359 9 impact impact NOUN cjal-3230 359 10 acquisition acquisition NOUN cjal-3230 359 11 tax tax NOUN cjal-3230 359 12 rate rate NOUN cjal-3230 359 13 stands stand VERB cjal-3230 359 14 at at ADP cjal-3230 359 15 2.2 2.2 NUM cjal-3230 359 16 % % NOUN cjal-3230 359 17 and and CCONJ cjal-3230 359 18 3.6 3.6 NUM cjal-3230 359 19 % % NOUN cjal-3230 359 20 for for ADP cjal-3230 359 21 registration registration NOUN cjal-3230 359 22 on on ADP cjal-3230 359 23 reported report VERB cjal-3230 359 24 purchase purchase NOUN cjal-3230 359 25 prices price NOUN cjal-3230 359 26 . . PUNCT cjal-3230 360 1 under under ADP cjal-3230 360 2 the the DET cjal-3230 360 3 new new ADJ cjal-3230 360 4 proposal proposal NOUN cjal-3230 360 5 , , PUNCT cjal-3230 360 6 the the DET cjal-3230 360 7 acquisition acquisition NOUN cjal-3230 360 8 tax tax NOUN cjal-3230 360 9 rate rate NOUN cjal-3230 360 10 will will AUX cjal-3230 360 11 remain remain VERB cjal-3230 360 12 at at ADP cjal-3230 360 13 2.2 2.2 NUM cjal-3230 360 14 % % NOUN cjal-3230 360 15 and and CCONJ cjal-3230 360 16 the the DET cjal-3230 360 17 registration registration NOUN cjal-3230 360 18 tax tax NOUN cjal-3230 360 19 rate rate NOUN cjal-3230 360 20 also also ADV cjal-3230 360 21 remains remain VERB cjal-3230 360 22 at at ADP cjal-3230 360 23 3.6 3.6 NUM cjal-3230 360 24 % % NOUN cjal-3230 360 25 . . PUNCT cjal-3230 361 1 however however ADV cjal-3230 361 2 , , PUNCT cjal-3230 361 3 the the DET cjal-3230 361 4 practical practical ADJ cjal-3230 361 5 effect effect NOUN cjal-3230 361 6 of of ADP cjal-3230 361 7 the the DET cjal-3230 361 8 proposal proposal NOUN cjal-3230 361 9 is be AUX cjal-3230 361 10 that that SCONJ cjal-3230 361 11 such such ADJ cjal-3230 361 12 acquisition acquisition NOUN cjal-3230 361 13 and and CCONJ cjal-3230 361 14 registration registration NOUN cjal-3230 361 15 taxes taxis NOUN cjal-3230 361 16 , , PUNCT cjal-3230 361 17 though though SCONJ cjal-3230 361 18 seemingly seemingly ADV cjal-3230 361 19 appearing appear VERB cjal-3230 361 20 unchanged unchanged ADJ cjal-3230 361 21 , , PUNCT cjal-3230 361 22 will will AUX cjal-3230 361 23 be be AUX cjal-3230 361 24 increased increase VERB cjal-3230 361 25 tax tax NOUN cjal-3230 361 26 obligations obligation NOUN cjal-3230 361 27 . . PUNCT cjal-3230 362 1 increased increase VERB cjal-3230 362 2 taxes taxis NOUN cjal-3230 362 3 is be AUX cjal-3230 362 4 the the DET cjal-3230 362 5 net net ADJ cjal-3230 362 6 effect effect NOUN cjal-3230 362 7 because because SCONJ cjal-3230 362 8 the the DET cjal-3230 362 9 same same ADJ cjal-3230 362 10 tax tax NOUN cjal-3230 362 11 rate rate NOUN cjal-3230 362 12 herein herein NOUN cjal-3230 362 13 will will AUX cjal-3230 362 14 be be AUX cjal-3230 362 15 applied apply VERB cjal-3230 362 16 to to ADP cjal-3230 362 17 a a DET cjal-3230 362 18 higher high ADJ cjal-3230 362 19 property property NOUN cjal-3230 362 20 base base NOUN cjal-3230 362 21 value value NOUN cjal-3230 362 22 since since ADV cjal-3230 362 23 , , PUNCT cjal-3230 362 24 under under ADP cjal-3230 362 25 the the DET cjal-3230 362 26 proposal proposal NOUN cjal-3230 362 27 , , PUNCT cjal-3230 362 28 property property NOUN cjal-3230 362 29 value value NOUN cjal-3230 362 30 is be AUX cjal-3230 362 31 now now ADV cjal-3230 362 32 determined determine VERB cjal-3230 362 33 based base VERB cjal-3230 362 34 on on ADP cjal-3230 362 35 fair fair ADJ cjal-3230 362 36 market market NOUN cjal-3230 362 37 value value NOUN cjal-3230 362 38 ( ( PUNCT cjal-3230 362 39 " " PUNCT cjal-3230 362 40 fmv fmv NOUN cjal-3230 362 41 " " PUNCT cjal-3230 362 42 ) ) PUNCT cjal-3230 362 43 as as SCONJ cjal-3230 362 44 opposed oppose VERB cjal-3230 362 45 to to ADP cjal-3230 362 46 a a DET cjal-3230 362 47 government government NOUN cjal-3230 362 48 determined determine VERB cjal-3230 362 49 value value NOUN cjal-3230 362 50 ( ( PUNCT cjal-3230 362 51 " " PUNCT cjal-3230 362 52 gdv gdv NOUN cjal-3230 362 53 " " PUNCT cjal-3230 362 54 ) ) PUNCT cjal-3230 362 55 . . PUNCT cjal-3230 363 1 b. b. PROPN cjal-3230 363 2 database database NOUN cjal-3230 363 3 system system NOUN cjal-3230 363 4 restructuring restructure VERB cjal-3230 363 5 in in ADP cjal-3230 363 6 addition addition NOUN cjal-3230 363 7 to to ADP cjal-3230 363 8 the the DET cjal-3230 363 9 above above ADJ cjal-3230 363 10 mentioned mention VERB cjal-3230 363 11 anti anti ADJ cjal-3230 363 12 - - ADJ cjal-3230 363 13 speculation speculation ADJ cjal-3230 363 14 tax tax NOUN cjal-3230 363 15 reconstitutions reconstitution NOUN cjal-3230 363 16 , , PUNCT cjal-3230 363 17 the the DET cjal-3230 363 18 government government NOUN cjal-3230 363 19 is be AUX cjal-3230 363 20 also also ADV cjal-3230 363 21 proposing propose VERB cjal-3230 363 22 a a DET cjal-3230 363 23 restructuring restructuring NOUN cjal-3230 363 24 of of ADP cjal-3230 363 25 the the DET cjal-3230 363 26 current current ADJ cjal-3230 363 27 database database NOUN cjal-3230 363 28 system system NOUN cjal-3230 363 29 used use VERB cjal-3230 363 30 to to PART cjal-3230 363 31 collect collect VERB cjal-3230 363 32 information information NOUN cjal-3230 363 33 related relate VERB cjal-3230 363 34 to to ADP cjal-3230 363 35 property property NOUN cjal-3230 363 36 investments investment NOUN cjal-3230 363 37 . . PUNCT cjal-3230 364 1 5 5 NUM cjal-3230 364 2 the the DET cjal-3230 364 3 database database NOUN cjal-3230 364 4 restructuring restructuring NOUN cjal-3230 364 5 began begin VERB cjal-3230 364 6 in in ADP cjal-3230 364 7 late late ADJ cjal-3230 364 8 2003 2003 NUM cjal-3230 364 9 . . PUNCT cjal-3230 365 1 two two NUM cjal-3230 365 2 objectives objective NOUN cjal-3230 365 3 supply supply VERB cjal-3230 365 4 the the DET cjal-3230 365 5 rationale rationale NOUN cjal-3230 365 6 behind behind ADP cjal-3230 365 7 this this DET cjal-3230 365 8 restructuring restructuring NOUN cjal-3230 365 9 . . PUNCT cjal-3230 366 1 first first ADV cjal-3230 366 2 , , PUNCT cjal-3230 366 3 a a DET cjal-3230 366 4 more more ADV cjal-3230 366 5 efficient efficient ADJ cjal-3230 366 6 and and CCONJ cjal-3230 366 7 accurate accurate ADJ cjal-3230 366 8 database database NOUN cjal-3230 366 9 of of ADP cjal-3230 366 10 property property NOUN cjal-3230 366 11 investment investment NOUN cjal-3230 366 12 information information NOUN cjal-3230 366 13 is be AUX cjal-3230 366 14 sought seek VERB cjal-3230 366 15 to to PART cjal-3230 366 16 better well ADV cjal-3230 366 17 reflect reflect VERB cjal-3230 366 18 fair fair ADJ cjal-3230 366 19 market market NOUN cjal-3230 366 20 value value NOUN cjal-3230 366 21 ( ( PUNCT cjal-3230 366 22 " " PUNCT cjal-3230 366 23 fmv fmv X cjal-3230 366 24 " " PUNCT cjal-3230 366 25 ) ) PUNCT cjal-3230 366 26 relating relate VERB cjal-3230 366 27 to to ADP cjal-3230 366 28 the the DET cjal-3230 366 29 levying levying NOUN cjal-3230 366 30 of of ADP cjal-3230 366 31 taxes taxis NOUN cjal-3230 366 32 on on ADP cjal-3230 366 33 real real ADJ cjal-3230 366 34 estate estate NOUN cjal-3230 366 35 transactions transaction NOUN cjal-3230 366 36 . . PUNCT cjal-3230 367 1 second second ADJ cjal-3230 367 2 , , PUNCT cjal-3230 367 3 the the DET cjal-3230 367 4 new new ADJ cjal-3230 367 5 database database NOUN cjal-3230 367 6 system system NOUN cjal-3230 367 7 will will AUX cjal-3230 367 8 aim aim VERB cjal-3230 367 9 to to PART cjal-3230 367 10 get get VERB cjal-3230 367 11 a a DET cjal-3230 367 12 better well ADJ cjal-3230 367 13 sense sense NOUN cjal-3230 367 14 of of ADP cjal-3230 367 15 the the DET cjal-3230 367 16 types type NOUN cjal-3230 367 17 and and CCONJ cjal-3230 367 18 investor investor NOUN cjal-3230 367 19 according accord VERB cjal-3230 367 20 to to ADP cjal-3230 367 21 a a DET cjal-3230 367 22 recent recent ADJ cjal-3230 367 23 survey survey NOUN cjal-3230 367 24 by by ADP cjal-3230 367 25 speedbank speedbank PROPN cjal-3230 367 26 ( ( PUNCT cjal-3230 367 27 a a DET cjal-3230 367 28 real real ADJ cjal-3230 367 29 estate estate NOUN cjal-3230 367 30 affiliated affiliate VERB cjal-3230 367 31 agency agency NOUN cjal-3230 367 32 located locate VERB cjal-3230 367 33 in in ADP cjal-3230 367 34 korea korea PROPN cjal-3230 367 35 ) ) PUNCT cjal-3230 367 36 , , PUNCT cjal-3230 367 37 there there PRON cjal-3230 367 38 are be VERB cjal-3230 367 39 more more ADJ cjal-3230 367 40 than than ADP cjal-3230 367 41 117,157 117,157 NUM cjal-3230 367 42 apartments apartment NOUN cjal-3230 367 43 that that PRON cjal-3230 367 44 have have VERB cjal-3230 367 45 a a DET cjal-3230 367 46 fair fair ADJ cjal-3230 367 47 market market NOUN cjal-3230 367 48 value value NOUN cjal-3230 367 49 of of ADP cjal-3230 367 50 600 600 NUM cjal-3230 367 51 million million NUM cjal-3230 367 52 krw krw NOUN cjal-3230 367 53 or or CCONJ cjal-3230 367 54 more more ADJ cjal-3230 367 55 in in ADP cjal-3230 367 56 the the DET cjal-3230 367 57 seoul seoul PROPN cjal-3230 367 58 area area NOUN cjal-3230 367 59 ( ( PUNCT cjal-3230 367 60 i.e. i.e. X cjal-3230 367 61 including include VERB cjal-3230 367 62 both both CCONJ cjal-3230 367 63 kangnam kangnam NOUN cjal-3230 367 64 and and CCONJ cjal-3230 367 65 kangbuk kangbuk NOUN cjal-3230 367 66 ) ) PUNCT cjal-3230 367 67 . . PUNCT cjal-3230 368 1 see see VERB cjal-3230 368 2 generally generally ADV cjal-3230 368 3 , , PUNCT cjal-3230 368 4 speedbank speedbank NOUN cjal-3230 368 5 website website NOUN cjal-3230 368 6 , , PUNCT cjal-3230 368 7 at at ADP cjal-3230 368 8 www.speedbank.co.kr www.speedbank.co.kr X cjal-3230 368 9 . . PROPN cjal-3230 368 10 55.7 55.7 NUM cjal-3230 368 11 percent percent NOUN cjal-3230 368 12 of of ADP cjal-3230 368 13 kangnam kangnam NOUN cjal-3230 368 14 apartments apartment NOUN cjal-3230 368 15 are be AUX cjal-3230 368 16 in in ADP cjal-3230 368 17 that that DET cjal-3230 368 18 category category NOUN cjal-3230 368 19 . . PUNCT cjal-3230 369 1 nine nine NUM cjal-3230 369 2 other other ADJ cjal-3230 369 3 nonkangnam nonkangnam NOUN cjal-3230 369 4 areas area NOUN cjal-3230 369 5 do do AUX cjal-3230 369 6 not not PART cjal-3230 369 7 have have VERB cjal-3230 369 8 a a DET cjal-3230 369 9 single single ADJ cjal-3230 369 10 apartment apartment NOUN cjal-3230 369 11 that that PRON cjal-3230 369 12 falls fall VERB cjal-3230 369 13 in in ADP cjal-3230 369 14 the the DET cjal-3230 369 15 600 600 NUM cjal-3230 369 16 million million NUM cjal-3230 369 17 krw krw NOUN cjal-3230 369 18 or or CCONJ cjal-3230 369 19 higher high ADJ cjal-3230 369 20 category category NOUN cjal-3230 369 21 . . PUNCT cjal-3230 370 1 85 85 NUM cjal-3230 370 2 see see VERB cjal-3230 370 3 ministry ministry PROPN cjal-3230 370 4 of of ADP cjal-3230 370 5 finance finance NOUN cjal-3230 370 6 and and CCONJ cjal-3230 370 7 economy economy NOUN cjal-3230 370 8 ( ( PUNCT cjal-3230 370 9 mofe mofe NOUN cjal-3230 370 10 ) ) PUNCT cjal-3230 370 11 website website NOUN cjal-3230 370 12 , , PUNCT cjal-3230 370 13 available available ADJ cjal-3230 370 14 at at ADP cjal-3230 370 15 http://www.mofe.eo.kr/data/wf2003102901 http://www.mofe.eo.kr/data/wf2003102901 NOUN cjal-3230 370 16 .hwp .hwp PROPN cjal-3230 370 17 . . PUNCT cjal-3230 371 1 currently currently ADV cjal-3230 371 2 the the DET cjal-3230 371 3 government government NOUN cjal-3230 371 4 has have VERB cjal-3230 371 5 eight eight NUM cjal-3230 371 6 different different ADJ cjal-3230 371 7 electronic electronic ADJ cjal-3230 371 8 database database NOUN cjal-3230 371 9 systems system NOUN cjal-3230 371 10 : : PUNCT cjal-3230 371 11 ( ( PUNCT cjal-3230 371 12 1 1 X cjal-3230 371 13 ) ) PUNCT cjal-3230 371 14 the the DET cjal-3230 371 15 comprehensive comprehensive ADJ cjal-3230 371 16 land land NOUN cjal-3230 371 17 tax tax NOUN cjal-3230 371 18 database database NOUN cjal-3230 371 19 ; ; PUNCT cjal-3230 371 20 ( ( PUNCT cjal-3230 371 21 2 2 X cjal-3230 371 22 ) ) PUNCT cjal-3230 371 23 property property NOUN cjal-3230 371 24 tax tax NOUN cjal-3230 371 25 database database NOUN cjal-3230 371 26 ; ; PUNCT cjal-3230 371 27 ( ( PUNCT cjal-3230 371 28 3 3 X cjal-3230 371 29 ) ) PUNCT cjal-3230 371 30 land land NOUN cjal-3230 371 31 register register NOUN cjal-3230 371 32 and and CCONJ cjal-3230 371 33 territory territory NOUN cjal-3230 371 34 database database NOUN cjal-3230 371 35 ; ; PUNCT cjal-3230 371 36 ( ( PUNCT cjal-3230 371 37 4 4 X cjal-3230 371 38 ) ) PUNCT cjal-3230 371 39 residents resident NOUN cjal-3230 371 40 database database VERB cjal-3230 371 41 ; ; PUNCT cjal-3230 371 42 ( ( PUNCT cjal-3230 371 43 5 5 X cjal-3230 371 44 ) ) PUNCT cjal-3230 371 45 land land NOUN cjal-3230 371 46 transfer transfer NOUN cjal-3230 371 47 database database NOUN cjal-3230 371 48 ; ; PUNCT cjal-3230 371 49 ( ( PUNCT cjal-3230 371 50 6 6 X cjal-3230 371 51 ) ) PUNCT cjal-3230 371 52 housing housing NOUN cjal-3230 371 53 database database NOUN cjal-3230 371 54 ; ; PUNCT cjal-3230 371 55 ( ( PUNCT cjal-3230 371 56 7 7 X cjal-3230 371 57 ) ) PUNCT cjal-3230 371 58 tax tax NOUN cjal-3230 371 59 integration integration NOUN cjal-3230 371 60 system system NOUN cjal-3230 371 61 ; ; PUNCT cjal-3230 371 62 and and CCONJ cjal-3230 371 63 ( ( PUNCT cjal-3230 371 64 8) 8) NUM cjal-3230 371 65 the the DET cjal-3230 371 66 property property NOUN cjal-3230 371 67 registration registration NOUN cjal-3230 371 68 database database NOUN cjal-3230 371 69 see see VERB cjal-3230 371 70 ministry ministry PROPN cjal-3230 371 71 of of ADP cjal-3230 371 72 foreign foreign PROPN cjal-3230 371 73 affairs affair NOUN cjal-3230 371 74 and and CCONJ cjal-3230 371 75 economy economy NOUN cjal-3230 371 76 ( ( PUNCT cjal-3230 371 77 " " PUNCT cjal-3230 371 78 mofe mofe NOUN cjal-3230 371 79 " " PUNCT cjal-3230 371 80 ) ) PUNCT cjal-3230 371 81 website website NOUN cjal-3230 371 82 , , PUNCT cjal-3230 371 83 available available ADJ cjal-3230 371 84 at at ADP cjal-3230 371 85 http://www.mofe.go.kr/egov/egov.01 http://www.mofe.go.kr/egov/egov.01 NOUN cjal-3230 371 86 .php?action .php?action PUNCT cjal-3230 372 1 = = SYM cjal-3230 372 2 view&cmd view&cmd ADP cjal-3230 372 3 = = PUNCT cjal-3230 372 4 view&code=31478&page=2&pos view&code=31478&page=2&pos NOUN cjal-3230 372 5 = = NOUN cjal-3230 372 6 l l NOUN cjal-3230 372 7 7 7 NUM cjal-3230 372 8 . . PUNCT cjal-3230 373 1 these these DET cjal-3230 373 2 systems system NOUN cjal-3230 373 3 are be AUX cjal-3230 373 4 used use VERB cjal-3230 373 5 in in ADP cjal-3230 373 6 each each DET cjal-3230 373 7 government government NOUN cjal-3230 373 8 branch branch NOUN cjal-3230 373 9 to to PART cjal-3230 373 10 collect collect VERB cjal-3230 373 11 data datum NOUN cjal-3230 373 12 for for ADP cjal-3230 373 13 policy policy NOUN cjal-3230 373 14 formulation formulation NOUN cjal-3230 373 15 . . PUNCT cjal-3230 374 1 however however ADV cjal-3230 374 2 , , PUNCT cjal-3230 374 3 there there PRON cjal-3230 374 4 is be VERB cjal-3230 374 5 no no DET cjal-3230 374 6 database database NOUN cjal-3230 374 7 system system NOUN cjal-3230 374 8 that that PRON cjal-3230 374 9 will will AUX cjal-3230 374 10 collect collect VERB cjal-3230 374 11 the the DET cjal-3230 374 12 property property NOUN cjal-3230 374 13 holding hold VERB cjal-3230 374 14 data datum NOUN cjal-3230 374 15 for for ADP cjal-3230 374 16 each each DET cjal-3230 374 17 household household NOUN cjal-3230 374 18 . . PUNCT cjal-3230 375 1 the the DET cjal-3230 375 2 government government NOUN cjal-3230 375 3 objective objective NOUN cjal-3230 375 4 in in ADP cjal-3230 375 5 integrating integrate VERB cjal-3230 375 6 the the DET cjal-3230 375 7 current current ADJ cjal-3230 375 8 database database NOUN cjal-3230 375 9 systems system NOUN cjal-3230 375 10 from from ADP cjal-3230 375 11 mogaha mogaha PROPN cjal-3230 375 12 ( ( PUNCT cjal-3230 375 13 i.e. i.e. X cjal-3230 375 14 , , PUNCT cjal-3230 375 15 the the DET cjal-3230 375 16 register/ register/ NUM cjal-3230 375 17 territory territory NOUN cjal-3230 375 18 database database NOUN cjal-3230 375 19 and and CCONJ cjal-3230 375 20 the the DET cjal-3230 375 21 residents resident NOUN cjal-3230 375 22 database database NOUN cjal-3230 375 23 system system NOUN cjal-3230 375 24 ) ) PUNCT cjal-3230 375 25 , , PUNCT cjal-3230 375 26 moct moct NOUN cjal-3230 375 27 ( ( PUNCT cjal-3230 375 28 land land NOUN cjal-3230 375 29 transfer transfer NOUN cjal-3230 375 30 database database NOUN cjal-3230 375 31 , , PUNCT cjal-3230 375 32 and and CCONJ cjal-3230 375 33 the the DET cjal-3230 375 34 housing housing NOUN cjal-3230 375 35 database database NOUN cjal-3230 375 36 system system NOUN cjal-3230 375 37 ) ) PUNCT cjal-3230 375 38 , , PUNCT cjal-3230 375 39 and and CCONJ cjal-3230 375 40 nts nt NOUN cjal-3230 375 41 ( ( PUNCT cjal-3230 375 42 capital capital NOUN cjal-3230 375 43 gains gain NOUN cjal-3230 375 44 tax tax NOUN cjal-3230 375 45 database database NOUN cjal-3230 375 46 system system NOUN cjal-3230 375 47 ) ) PUNCT cjal-3230 375 48 is be AUX cjal-3230 375 49 to to PART cjal-3230 375 50 check check VERB cjal-3230 375 51 and and CCONJ cjal-3230 375 52 confirm confirm VERB cjal-3230 375 53 property property NOUN cjal-3230 375 54 fair fair ADJ cjal-3230 375 55 market market NOUN cjal-3230 375 56 values value NOUN cjal-3230 375 57 on on ADP cjal-3230 375 58 a a DET cjal-3230 375 59 periodic periodic ADJ cjal-3230 375 60 basis basis NOUN cjal-3230 375 61 ( ( PUNCT cjal-3230 375 62 i.e. i.e. X cjal-3230 375 63 , , PUNCT cjal-3230 375 64 a a DET cjal-3230 375 65 periodic periodic ADJ cjal-3230 375 66 mark mark NOUN cjal-3230 375 67 - - PUNCT cjal-3230 375 68 to to ADP cjal-3230 375 69 - - PUNCT cjal-3230 375 70 market market NOUN cjal-3230 375 71 ) ) PUNCT cjal-3230 375 72 . . PUNCT cjal-3230 376 1 in in ADP cjal-3230 376 2 general general ADJ cjal-3230 376 3 , , PUNCT cjal-3230 376 4 property property NOUN cjal-3230 376 5 investors investor NOUN cjal-3230 376 6 tend tend VERB cjal-3230 376 7 to to PART cjal-3230 376 8 undervalue undervalue VERB cjal-3230 376 9 their their PRON cjal-3230 376 10 property property NOUN cjal-3230 376 11 because because SCONJ cjal-3230 376 12 doing do VERB cjal-3230 376 13 so so ADV cjal-3230 376 14 will will AUX cjal-3230 376 15 directly directly ADV cjal-3230 376 16 translate translate VERB cjal-3230 376 17 into into ADP cjal-3230 376 18 less less ADJ cjal-3230 376 19 property property NOUN cjal-3230 376 20 tax tax NOUN cjal-3230 376 21 owed owe VERB cjal-3230 376 22 . . PUNCT cjal-3230 377 1 if if SCONJ cjal-3230 377 2 the the DET cjal-3230 377 3 reported report VERB cjal-3230 377 4 purchase purchase NOUN cjal-3230 377 5 price price NOUN cjal-3230 377 6 is be AUX cjal-3230 377 7 lower low ADJ cjal-3230 377 8 than than SCONJ cjal-3230 377 9 the the DET cjal-3230 377 10 government government NOUN cjal-3230 377 11 determined determine VERB cjal-3230 377 12 value value NOUN cjal-3230 377 13 ( ( PUNCT cjal-3230 377 14 " " PUNCT cjal-3230 377 15 gdv")--which gdv")--which PROPN cjal-3230 377 16 is be AUX cjal-3230 377 17 determined determine VERB cjal-3230 377 18 by by ADP cjal-3230 377 19 the the DET cjal-3230 377 20 national national ADJ cjal-3230 377 21 tax tax NOUN cjal-3230 377 22 service service NOUN cjal-3230 377 23 ( ( PUNCT cjal-3230 377 24 " " PUNCT cjal-3230 377 25 nts")--then nts")--then ADV cjal-3230 377 26 the the DET cjal-3230 377 27 government government NOUN cjal-3230 377 28 will will AUX cjal-3230 377 29 use use VERB cjal-3230 377 30 its its PRON cjal-3230 377 31 toughened toughened ADJ cjal-3230 377 32 price price NOUN cjal-3230 377 33 standards standard NOUN cjal-3230 377 34 , , PUNCT cjal-3230 377 35 per per ADP cjal-3230 377 36 this this DET cjal-3230 377 37 section section NOUN cjal-3230 377 38 , , PUNCT cjal-3230 377 39 to to PART cjal-3230 377 40 calculate calculate VERB cjal-3230 377 41 the the DET cjal-3230 377 42 relevant relevant ADJ cjal-3230 377 43 taxes taxis NOUN cjal-3230 377 44 owed owe VERB cjal-3230 377 45 , , PUNCT cjal-3230 377 46 rather rather ADV cjal-3230 377 47 than than ADP cjal-3230 377 48 the the DET cjal-3230 377 49 property property NOUN cjal-3230 377 50 holder holder NOUN cjal-3230 377 51 's 's PART cjal-3230 377 52 reported report VERB cjal-3230 377 53 price price NOUN cjal-3230 377 54 to to ADP cjal-3230 377 55 the the DET cjal-3230 377 56 government government NOUN cjal-3230 377 57 . . PUNCT cjal-3230 378 1 see see VERB cjal-3230 378 2 i i PRON cjal-3230 378 3 d. d. PROPN cjal-3230 378 4 2004 2004 NUM cjal-3230 378 5 ] ] PUNCT cjal-3230 379 1 columbia columbia PROPN cjal-3230 379 2 journal journal PROPN cjal-3230 379 3 of of ADP cjal-3230 379 4 asian asian ADJ cjal-3230 379 5 law law NOUN cjal-3230 379 6 profiles profile NOUN cjal-3230 379 7 relating relate VERB cjal-3230 379 8 to to ADP cjal-3230 379 9 real real ADJ cjal-3230 379 10 estate estate NOUN cjal-3230 379 11 investments investment NOUN cjal-3230 379 12 in in ADP cjal-3230 379 13 an an DET cjal-3230 379 14 effort effort NOUN cjal-3230 379 15 to to PART cjal-3230 379 16 better well ADV cjal-3230 379 17 monitor monitor VERB cjal-3230 379 18 and and CCONJ cjal-3230 379 19 therefore therefore ADV cjal-3230 379 20 help help VERB cjal-3230 379 21 curb curb VERB cjal-3230 379 22 real real ADJ cjal-3230 379 23 estate estate NOUN cjal-3230 379 24 speculation speculation NOUN cjal-3230 379 25 in in ADP cjal-3230 379 26 korea korea PROPN cjal-3230 379 27 . . PUNCT cjal-3230 380 1 c. c. PROPN cjal-3230 380 2 anti anti ADJ cjal-3230 380 3 - - ADJ cjal-3230 380 4 speculation speculation ADJ cjal-3230 380 5 property property NOUN cjal-3230 380 6 trading trading NOUN cjal-3230 380 7 permission permission NOUN cjal-3230 380 8 system system NOUN cjal-3230 380 9 beginning begin VERB cjal-3230 380 10 march march PROPN cjal-3230 380 11 1 1 NUM cjal-3230 380 12 2004 2004 NUM cjal-3230 380 13 , , PUNCT cjal-3230 380 14 all all DET cjal-3230 380 15 property property NOUN cjal-3230 380 16 purchased purchase VERB cjal-3230 380 17 in in ADP cjal-3230 380 18 the the DET cjal-3230 380 19 government government NOUN cjal-3230 380 20 designated designate VERB cjal-3230 380 21 anti anti ADJ cjal-3230 380 22 - - ADJ cjal-3230 380 23 speculation speculation ADJ cjal-3230 380 24 zones zone NOUN cjal-3230 380 25 must must AUX cjal-3230 380 26 report report VERB cjal-3230 380 27 its its PRON cjal-3230 380 28 trading trading NOUN cjal-3230 380 29 information information NOUN cjal-3230 380 30 within within ADP cjal-3230 380 31 fifteen fifteen NUM cjal-3230 380 32 days day NOUN cjal-3230 380 33 86 86 NUM cjal-3230 380 34 of of ADP cjal-3230 380 35 purchase purchase NOUN cjal-3230 380 36 date date NOUN cjal-3230 380 37 to to ADP cjal-3230 380 38 local local ADJ cjal-3230 380 39 authorities.87 authorities.87 NOUN cjal-3230 380 40 any any DET cjal-3230 380 41 violation violation NOUN cjal-3230 380 42 of of ADP cjal-3230 380 43 the the DET cjal-3230 380 44 new new ADJ cjal-3230 380 45 law law NOUN cjal-3230 380 46 will will AUX cjal-3230 380 47 be be AUX cjal-3230 380 48 subject subject ADJ cjal-3230 380 49 to to ADP cjal-3230 380 50 a a DET cjal-3230 380 51 maximum maximum ADJ cjal-3230 380 52 11 11 NUM cjal-3230 380 53 % % NOUN cjal-3230 380 54 acquisition acquisition NOUN cjal-3230 380 55 tax tax NOUN cjal-3230 380 56 rate rate NOUN cjal-3230 380 57 ( ( PUNCT cjal-3230 380 58 i.e. i.e. X cjal-3230 380 59 , , PUNCT cjal-3230 380 60 a a DET cjal-3230 380 61 500 500 NUM cjal-3230 380 62 % % NOUN cjal-3230 380 63 tax tax NOUN cjal-3230 380 64 increase increase NOUN cjal-3230 380 65 from from ADP cjal-3230 380 66 the the DET cjal-3230 380 67 original original ADJ cjal-3230 380 68 2.2 2.2 NUM cjal-3230 380 69 % % NOUN cjal-3230 380 70 acquisition acquisition NOUN cjal-3230 380 71 tax tax NOUN cjal-3230 380 72 rate rate NOUN cjal-3230 380 73 ) ) PUNCT cjal-3230 380 74 . . PUNCT cjal-3230 381 1 viii viii PROPN cjal-3230 381 2 . . PUNCT cjal-3230 382 1 tax tax NOUN cjal-3230 382 2 effect effect NOUN cjal-3230 382 3 of of ADP cjal-3230 382 4 the the DET cjal-3230 382 5 anti anti ADJ cjal-3230 382 6 - - ADJ cjal-3230 382 7 speculation speculation ADJ cjal-3230 382 8 laws law NOUN cjal-3230 382 9 the the DET cjal-3230 382 10 anti anti ADJ cjal-3230 382 11 - - ADJ cjal-3230 382 12 speculation speculation ADJ cjal-3230 382 13 laws law NOUN cjal-3230 382 14 , , PUNCT cjal-3230 382 15 including include VERB cjal-3230 382 16 the the DET cjal-3230 382 17 new new ADJ cjal-3230 382 18 property property NOUN cjal-3230 382 19 tax tax NOUN cjal-3230 382 20 ( ( PUNCT cjal-3230 382 21 section section NOUN cjal-3230 382 22 1 1 NUM cjal-3230 382 23 - - SYM cjal-3230 382 24 1 1 NUM cjal-3230 382 25 ) ) PUNCT cjal-3230 382 26 , , PUNCT cjal-3230 382 27 new new ADJ cjal-3230 382 28 land land NOUN cjal-3230 382 29 tax tax NOUN cjal-3230 382 30 ( ( PUNCT cjal-3230 382 31 section section NOUN cjal-3230 382 32 1 1 NUM cjal-3230 382 33 - - SYM cjal-3230 382 34 2 2 NUM cjal-3230 382 35 ) ) PUNCT cjal-3230 382 36 , , PUNCT cjal-3230 382 37 and and CCONJ cjal-3230 382 38 capital capital NOUN cjal-3230 382 39 gains gain NOUN cjal-3230 382 40 tax tax NOUN cjal-3230 382 41 ( ( PUNCT cjal-3230 382 42 section section NOUN cjal-3230 382 43 2 2 NUM cjal-3230 382 44 ) ) PUNCT cjal-3230 382 45 are be AUX cjal-3230 382 46 all all ADV cjal-3230 382 47 similar similar ADJ cjal-3230 382 48 in in ADP cjal-3230 382 49 that that SCONJ cjal-3230 382 50 the the DET cjal-3230 382 51 overall overall ADJ cjal-3230 382 52 effect effect NOUN cjal-3230 382 53 is be AUX cjal-3230 382 54 to to PART cjal-3230 382 55 increase increase VERB cjal-3230 382 56 , , PUNCT cjal-3230 382 57 at at ADP cjal-3230 382 58 times time NOUN cjal-3230 382 59 dramatically dramatically ADV cjal-3230 382 60 , , PUNCT cjal-3230 382 61 the the DET cjal-3230 382 62 tax tax NOUN cjal-3230 382 63 burden burden NOUN cjal-3230 382 64 on on ADP cjal-3230 382 65 most most ADJ cjal-3230 382 66 real real ADJ cjal-3230 382 67 estate estate NOUN cjal-3230 382 68 investors investor NOUN cjal-3230 382 69 in in ADP cjal-3230 382 70 many many ADJ cjal-3230 382 71 areas area NOUN cjal-3230 382 72 most most ADJ cjal-3230 382 73 of of ADP cjal-3230 382 74 the the DET cjal-3230 382 75 time time NOUN cjal-3230 382 76 . . PUNCT cjal-3230 383 1 for for ADP cjal-3230 383 2 example example NOUN cjal-3230 383 3 , , PUNCT cjal-3230 383 4 sizeable sizeable ADJ cjal-3230 383 5 tax tax NOUN cjal-3230 383 6 increases increase NOUN cjal-3230 383 7 are be AUX cjal-3230 383 8 very very ADV cjal-3230 383 9 clear clear ADJ cjal-3230 383 10 for for ADP cjal-3230 383 11 the the DET cjal-3230 383 12 new new ADJ cjal-3230 383 13 land land NOUN cjal-3230 383 14 tax tax NOUN cjal-3230 383 15 ( ( PUNCT cjal-3230 383 16 up up ADV cjal-3230 383 17 28 28 NUM cjal-3230 383 18 - - SYM cjal-3230 383 19 39 39 NUM cjal-3230 383 20 % % NOUN cjal-3230 383 21 ) ) PUNCT cjal-3230 383 22 , , PUNCT cjal-3230 383 23 new new ADJ cjal-3230 383 24 cgt cgt PROPN cjal-3230 383 25 for for ADP cjal-3230 383 26 investments investment NOUN cjal-3230 383 27 of of ADP cjal-3230 383 28 less less ADJ cjal-3230 383 29 than than ADP cjal-3230 383 30 one one NUM cjal-3230 383 31 year year NOUN cjal-3230 383 32 ( ( PUNCT cjal-3230 383 33 up up ADV cjal-3230 383 34 40 40 NUM cjal-3230 383 35 % % NOUN cjal-3230 383 36 ) ) PUNCT cjal-3230 383 37 , , PUNCT cjal-3230 383 38 new new ADJ cjal-3230 383 39 cgt cgt PROPN cjal-3230 383 40 for for ADP cjal-3230 383 41 investments investment NOUN cjal-3230 383 42 of of ADP cjal-3230 383 43 greater great ADJ cjal-3230 383 44 than than ADP cjal-3230 383 45 or or CCONJ cjal-3230 383 46 equal equal ADJ cjal-3230 383 47 to to ADP cjal-3230 383 48 one one NUM cjal-3230 383 49 year year NOUN cjal-3230 383 50 but but CCONJ cjal-3230 383 51 less less ADJ cjal-3230 383 52 than than ADP cjal-3230 383 53 two two NUM cjal-3230 383 54 years year NOUN cjal-3230 383 55 ( ( PUNCT cjal-3230 383 56 increase increase NOUN cjal-3230 383 57 of of ADP cjal-3230 383 58 up up ADP cjal-3230 383 59 to to PART cjal-3230 383 60 344 344 NUM cjal-3230 383 61 % % NOUN cjal-3230 383 62 ) ) PUNCT cjal-3230 383 63 , , PUNCT cjal-3230 383 64 new new ADJ cjal-3230 383 65 cgt cgt PROPN cjal-3230 383 66 for for ADP cjal-3230 383 67 two two NUM cjal-3230 383 68 years year NOUN cjal-3230 383 69 or or CCONJ cjal-3230 383 70 more more ADJ cjal-3230 383 71 ( ( PUNCT cjal-3230 383 72 unchanged unchanged ADJ cjal-3230 383 73 ) ) PUNCT cjal-3230 383 74 , , PUNCT cjal-3230 383 75 new new ADJ cjal-3230 383 76 cgt cgt PROPN cjal-3230 383 77 for for ADP cjal-3230 383 78 non non ADJ cjal-3230 383 79 - - ADJ cjal-3230 383 80 registration registration ADJ cjal-3230 383 81 tax tax NOUN cjal-3230 383 82 penalty penalty NOUN cjal-3230 383 83 ( ( PUNCT cjal-3230 383 84 additional additional ADJ cjal-3230 383 85 15 15 NUM cjal-3230 383 86 % % NOUN cjal-3230 383 87 penalty penalty NOUN cjal-3230 383 88 tax tax NOUN cjal-3230 383 89 ) ) PUNCT cjal-3230 383 90 , , PUNCT cjal-3230 383 91 new new ADJ cjal-3230 383 92 cgt cgt PROPN cjal-3230 383 93 for for ADP cjal-3230 383 94 one one NUM cjal-3230 383 95 property property NOUN cjal-3230 383 96 owned own VERB cjal-3230 383 97 ( ( PUNCT cjal-3230 383 98 requiring require VERB cjal-3230 383 99 an an DET cjal-3230 383 100 additional additional ADJ cjal-3230 383 101 two two NUM cjal-3230 383 102 - - PUNCT cjal-3230 383 103 part part NOUN cjal-3230 383 104 test test NOUN cjal-3230 383 105 to to PART cjal-3230 383 106 qualify qualify VERB cjal-3230 383 107 for for ADP cjal-3230 383 108 tax tax NOUN cjal-3230 383 109 exemption exemption NOUN cjal-3230 383 110 ) ) PUNCT cjal-3230 383 111 , , PUNCT cjal-3230 383 112 new new ADJ cjal-3230 383 113 cgt cgt PROPN cjal-3230 383 114 for for ADP cjal-3230 383 115 two two NUM cjal-3230 383 116 properties property NOUN cjal-3230 383 117 owned own VERB cjal-3230 383 118 ( ( PUNCT cjal-3230 383 119 introducing introduce VERB cjal-3230 383 120 a a DET cjal-3230 383 121 nts nt NOUN cjal-3230 383 122 discretionary discretionary ADJ cjal-3230 383 123 additional additional ADJ cjal-3230 383 124 15 15 NUM cjal-3230 383 125 % % NOUN cjal-3230 383 126 tax tax NOUN cjal-3230 383 127 ) ) PUNCT cjal-3230 383 128 , , PUNCT cjal-3230 383 129 and and CCONJ cjal-3230 383 130 the the DET cjal-3230 383 131 new new ADJ cjal-3230 383 132 cgt cgt NOUN cjal-3230 383 133 for for ADP cjal-3230 383 134 three three NUM cjal-3230 383 135 or or CCONJ cjal-3230 383 136 more more ADJ cjal-3230 383 137 properties property NOUN cjal-3230 383 138 owned own VERB cjal-3230 383 139 ( ( PUNCT cjal-3230 383 140 up up ADV cjal-3230 383 141 67 67 NUM cjal-3230 383 142 - - SYM cjal-3230 383 143 667 667 NUM cjal-3230 383 144 % % NOUN cjal-3230 383 145 ) ) PUNCT cjal-3230 383 146 . . PUNCT cjal-3230 384 1 the the DET cjal-3230 384 2 clear clear ADJ cjal-3230 384 3 conclusion conclusion NOUN cjal-3230 384 4 from from ADP cjal-3230 384 5 surveying survey VERB cjal-3230 384 6 the the DET cjal-3230 384 7 tax tax NOUN cjal-3230 384 8 effect effect NOUN cjal-3230 384 9 of of ADP cjal-3230 384 10 the the DET cjal-3230 384 11 antispeculation antispeculation NOUN cjal-3230 384 12 laws law NOUN cjal-3230 384 13 is be AUX cjal-3230 384 14 that that SCONJ cjal-3230 384 15 the the DET cjal-3230 384 16 korean korean ADJ cjal-3230 384 17 government government NOUN cjal-3230 384 18 has have AUX cjal-3230 384 19 sought seek VERB cjal-3230 384 20 to to PART cjal-3230 384 21 raise raise VERB cjal-3230 384 22 , , PUNCT cjal-3230 384 23 rather rather ADV cjal-3230 384 24 than than ADP cjal-3230 384 25 lower low ADJ cjal-3230 384 26 , , PUNCT cjal-3230 384 27 taxes taxis NOUN cjal-3230 384 28 to to PART cjal-3230 384 29 force force VERB cjal-3230 384 30 investor investor NOUN cjal-3230 384 31 behavior behavior NOUN cjal-3230 384 32 out out ADP cjal-3230 384 33 of of ADP cjal-3230 384 34 designated designate VERB cjal-3230 384 35 time time NOUN cjal-3230 384 36 periods period NOUN cjal-3230 384 37 and and CCONJ cjal-3230 384 38 areas area NOUN cjal-3230 384 39 relating relate VERB cjal-3230 384 40 to to ADP cjal-3230 384 41 real real ADJ cjal-3230 384 42 estate estate NOUN cjal-3230 384 43 . . PUNCT cjal-3230 385 1 by by ADP cjal-3230 385 2 doing do VERB cjal-3230 385 3 this this PRON cjal-3230 385 4 , , PUNCT cjal-3230 385 5 the the DET cjal-3230 385 6 government government NOUN cjal-3230 385 7 is be AUX cjal-3230 385 8 aggressively aggressively ADV cjal-3230 385 9 intervening intervene VERB cjal-3230 385 10 in in ADP cjal-3230 385 11 the the DET cjal-3230 385 12 real real ADJ cjal-3230 385 13 estate estate NOUN cjal-3230 385 14 markets market NOUN cjal-3230 385 15 to to PART cjal-3230 385 16 shift shift VERB cjal-3230 385 17 the the DET cjal-3230 385 18 demand demand NOUN cjal-3230 385 19 curve curve VERB cjal-3230 385 20 inward,88 inward,88 NOUN cjal-3230 385 21 which which PRON cjal-3230 385 22 in in ADP cjal-3230 385 23 theory theory NOUN cjal-3230 385 24 may may AUX cjal-3230 385 25 bring bring VERB cjal-3230 385 26 prices price NOUN cjal-3230 385 27 down down ADP cjal-3230 385 28 in in ADP cjal-3230 385 29 the the DET cjal-3230 385 30 short short NOUN cjal-3230 385 31 - - PUNCT cjal-3230 385 32 term.89 term.89 NOUN cjal-3230 385 33 86 86 NUM cjal-3230 385 34 see see VERB cjal-3230 385 35 ministry ministry PROPN cjal-3230 385 36 of of ADP cjal-3230 385 37 finance finance NOUN cjal-3230 385 38 and and CCONJ cjal-3230 385 39 economy economy NOUN cjal-3230 385 40 ( ( PUNCT cjal-3230 385 41 mofe mofe NOUN cjal-3230 385 42 ) ) PUNCT cjal-3230 385 43 website website NOUN cjal-3230 385 44 , , PUNCT cjal-3230 385 45 available available ADJ cjal-3230 385 46 at at ADP cjal-3230 385 47 www.mofe.eo.kr/lib/lib www.mofe.eo.kr/lib/lib ADJ cjal-3230 385 48 02.php?action=view&t-code 02.php?action=view&t-code PROPN cjal-3230 385 49 = = SYM cjal-3230 385 50 l l NOUN cjal-3230 385 51 18&no=46907 18&no=46907 NUM cjal-3230 385 52 . . PUNCT cjal-3230 386 1 as as SCONJ cjal-3230 386 2 the the DET cjal-3230 386 3 anti anti ADJ cjal-3230 386 4 - - ADJ cjal-3230 386 5 speculation speculation ADJ cjal-3230 386 6 legislation legislation NOUN cjal-3230 386 7 is be AUX cjal-3230 386 8 currently currently ADV cjal-3230 386 9 silent silent ADJ cjal-3230 386 10 as as ADP cjal-3230 386 11 to to ADP cjal-3230 386 12 the the DET cjal-3230 386 13 issue issue NOUN cjal-3230 386 14 of of ADP cjal-3230 386 15 whether whether SCONJ cjal-3230 386 16 business business NOUN cjal-3230 386 17 or or CCONJ cjal-3230 386 18 calendar calendar NOUN cjal-3230 386 19 days day NOUN cjal-3230 386 20 will will AUX cjal-3230 386 21 be be AUX cjal-3230 386 22 used use VERB cjal-3230 386 23 , , PUNCT cjal-3230 386 24 we we PRON cjal-3230 386 25 will will AUX cjal-3230 386 26 assume assume VERB cjal-3230 386 27 for for ADP cjal-3230 386 28 purposes purpose NOUN cjal-3230 386 29 of of ADP cjal-3230 386 30 this this DET cjal-3230 386 31 discussion discussion NOUN cjal-3230 386 32 , , PUNCT cjal-3230 386 33 that that SCONJ cjal-3230 386 34 the the DET cjal-3230 386 35 timeframe timeframe NOUN cjal-3230 386 36 will will AUX cjal-3230 386 37 be be AUX cjal-3230 386 38 based base VERB cjal-3230 386 39 on on ADP cjal-3230 386 40 calendar calendar NOUN cjal-3230 386 41 rather rather ADV cjal-3230 386 42 than than ADP cjal-3230 386 43 business business NOUN cjal-3230 386 44 days day NOUN cjal-3230 386 45 . . PUNCT cjal-3230 387 1 87 87 NUM cjal-3230 387 2 see see VERB cjal-3230 387 3 infra infra NOUN cjal-3230 387 4 note note VERB cjal-3230 387 5 129 129 NUM cjal-3230 387 6 . . PUNCT cjal-3230 388 1 88 88 NUM cjal-3230 388 2 chi chi ADJ cjal-3230 388 3 - - PUNCT cjal-3230 388 4 dong dong PROPN cjal-3230 388 5 , , PUNCT cjal-3230 388 6 lee lee PROPN cjal-3230 388 7 new new ADJ cjal-3230 388 8 anti anti ADJ cjal-3230 388 9 - - ADJ cjal-3230 388 10 speculation speculation ADJ cjal-3230 388 11 measures measure NOUN cjal-3230 388 12 target target VERB cjal-3230 388 13 multiple multiple ADJ cjal-3230 388 14 home home NOUN cjal-3230 388 15 owners owner NOUN cjal-3230 388 16 korea korea PROPN cjal-3230 388 17 times times PROPN cjal-3230 388 18 october october PROPN cjal-3230 388 19 30 30 NUM cjal-3230 388 20 , , PUNCT cjal-3230 388 21 2003 2003 NUM cjal-3230 388 22 , , PUNCT cjal-3230 388 23 at at ADP cjal-3230 388 24 1 1 NUM cjal-3230 388 25 . . PUNCT cjal-3230 389 1 [ [ X cjal-3230 389 2 18:1 18:1 NUM cjal-3230 389 3 anti anti ADJ cjal-3230 389 4 - - ADJ cjal-3230 389 5 specula specula ADJ cjal-3230 389 6 tion tion PROPN cjal-3230 389 7 la la PROPN cjal-3230 389 8 ws ws PROPN cjal-3230 389 9 and and CCONJ cjal-3230 389 10 their their PRON cjal-3230 389 11 impa impa NOUN cjal-3230 389 12 ct ct VERB cjal-3230 389 13 however however ADV cjal-3230 389 14 , , PUNCT cjal-3230 389 15 because because SCONJ cjal-3230 389 16 the the DET cjal-3230 389 17 anti anti ADJ cjal-3230 389 18 - - ADJ cjal-3230 389 19 speculation speculation ADJ cjal-3230 389 20 laws law NOUN cjal-3230 389 21 make make VERB cjal-3230 389 22 little little ADJ cjal-3230 389 23 or or CCONJ cjal-3230 389 24 no no PRON cjal-3230 389 25 mention mention NOUN cjal-3230 389 26 of of ADP cjal-3230 389 27 increasing increase VERB cjal-3230 389 28 housing housing NOUN cjal-3230 389 29 supply supply NOUN cjal-3230 389 30 as as ADP cjal-3230 389 31 a a DET cjal-3230 389 32 means means NOUN cjal-3230 389 33 to to PART cjal-3230 389 34 counter counter VERB cjal-3230 389 35 speculative speculative ADJ cjal-3230 389 36 investments investment NOUN cjal-3230 389 37 , , PUNCT cjal-3230 389 38 less less ADJ cjal-3230 389 39 housing housing NOUN cjal-3230 389 40 will will AUX cjal-3230 389 41 be be AUX cjal-3230 389 42 available available ADJ cjal-3230 389 43 to to ADP cjal-3230 389 44 an an DET cjal-3230 389 45 already already ADV cjal-3230 389 46 scarce scarce ADJ cjal-3230 389 47 housing housing NOUN cjal-3230 389 48 supply supply NOUN cjal-3230 389 49 market market NOUN cjal-3230 389 50 . . PUNCT cjal-3230 390 1 the the DET cjal-3230 390 2 net net ADJ cjal-3230 390 3 effect effect NOUN cjal-3230 390 4 is be AUX cjal-3230 390 5 that that SCONJ cjal-3230 390 6 such such ADJ cjal-3230 390 7 housing housing NOUN cjal-3230 390 8 scarcity scarcity NOUN cjal-3230 390 9 may may AUX cjal-3230 390 10 very very ADV cjal-3230 390 11 well well ADV cjal-3230 390 12 drive drive VERB cjal-3230 390 13 prices price NOUN cjal-3230 390 14 upward upward ADV cjal-3230 390 15 again9 again9 PROPN cjal-3230 390 16 " " PUNCT cjal-3230 390 17 in in ADP cjal-3230 390 18 the the DET cjal-3230 390 19 mid mid ADJ cjal-3230 390 20 to to PART cjal-3230 390 21 long long ADJ cjal-3230 390 22 - - PUNCT cjal-3230 390 23 term term NOUN cjal-3230 390 24 . . PUNCT cjal-3230 391 1 in in ADP cjal-3230 391 2 the the DET cjal-3230 391 3 meanwhile meanwhile NOUN cjal-3230 391 4 , , PUNCT cjal-3230 391 5 average average ADJ cjal-3230 391 6 investors investor NOUN cjal-3230 391 7 will will AUX cjal-3230 391 8 be be AUX cjal-3230 391 9 squeezed squeeze VERB cjal-3230 391 10 out out ADP cjal-3230 391 11 of of ADP cjal-3230 391 12 the the DET cjal-3230 391 13 investment investment NOUN cjal-3230 391 14 choices choice NOUN cjal-3230 391 15 they they PRON cjal-3230 391 16 would would AUX cjal-3230 391 17 want want VERB cjal-3230 391 18 but but CCONJ cjal-3230 391 19 for for ADP cjal-3230 391 20 the the DET cjal-3230 391 21 anti anti ADJ cjal-3230 391 22 - - ADJ cjal-3230 391 23 speculation speculation ADJ cjal-3230 391 24 laws law NOUN cjal-3230 391 25 , , PUNCT cjal-3230 391 26 resulting result VERB cjal-3230 391 27 in in ADP cjal-3230 391 28 net net ADJ cjal-3230 391 29 national national ADJ cjal-3230 391 30 loss loss NOUN cjal-3230 391 31 and and CCONJ cjal-3230 391 32 decreasing decrease VERB cjal-3230 391 33 overall overall ADJ cjal-3230 391 34 consumption consumption NOUN cjal-3230 391 35 . . PUNCT cjal-3230 392 1 alternatively alternatively ADV cjal-3230 392 2 , , PUNCT cjal-3230 392 3 the the DET cjal-3230 392 4 korean korean ADJ cjal-3230 392 5 government government NOUN cjal-3230 392 6 may may AUX cjal-3230 392 7 want want VERB cjal-3230 392 8 to to PART cjal-3230 392 9 cut cut VERB cjal-3230 392 10 nominal nominal ADJ cjal-3230 392 11 rates rate NOUN cjal-3230 392 12 in in ADP cjal-3230 392 13 property property NOUN cjal-3230 392 14 , , PUNCT cjal-3230 392 15 land land NOUN cjal-3230 392 16 , , PUNCT cjal-3230 392 17 and and CCONJ cjal-3230 392 18 capital capital NOUN cjal-3230 392 19 gains gain NOUN cjal-3230 392 20 taxes taxis NOUN cjal-3230 392 21 ( ( PUNCT cjal-3230 392 22 shifting shift VERB cjal-3230 392 23 the the DET cjal-3230 392 24 demand demand NOUN cjal-3230 392 25 curve curve NOUN cjal-3230 392 26 outward outward ADV cjal-3230 392 27 ) ) PUNCT cjal-3230 392 28 , , PUNCT cjal-3230 392 29 while while SCONJ cjal-3230 392 30 at at ADP cjal-3230 392 31 the the DET cjal-3230 392 32 same same ADJ cjal-3230 392 33 time time NOUN cjal-3230 392 34 , , PUNCT cjal-3230 392 35 suggest suggest VERB cjal-3230 392 36 relevant relevant ADJ cjal-3230 392 37 legislation legislation NOUN cjal-3230 392 38 to to PART cjal-3230 392 39 increase increase VERB cjal-3230 392 40 housing housing NOUN cjal-3230 392 41 supply supply NOUN cjal-3230 392 42 ( ( PUNCT cjal-3230 392 43 shifting shift VERB cjal-3230 392 44 the the DET cjal-3230 392 45 supply supply NOUN cjal-3230 392 46 curve curve NOUN cjal-3230 392 47 outward outward ADV cjal-3230 392 48 ) ) PUNCT cjal-3230 392 49 to to PART cjal-3230 392 50 seek seek VERB cjal-3230 392 51 balanced balanced ADJ cjal-3230 392 52 , , PUNCT cjal-3230 392 53 not not PART cjal-3230 392 54 biased biased ADJ cjal-3230 392 55 , , PUNCT cjal-3230 392 56 long long ADJ cjal-3230 392 57 - - PUNCT cjal-3230 392 58 term term NOUN cjal-3230 392 59 and and CCONJ cjal-3230 392 60 sustainable sustainable ADJ cjal-3230 392 61 growth growth NOUN cjal-3230 392 62 . . PUNCT cjal-3230 393 1 such such DET cjal-3230 393 2 a a DET cjal-3230 393 3 dual dual ADV cjal-3230 393 4 - - PUNCT cjal-3230 393 5 pronged pronged ADJ cjal-3230 393 6 effort effort NOUN cjal-3230 393 7 will will AUX cjal-3230 393 8 help help VERB cjal-3230 393 9 society society NOUN cjal-3230 393 10 by by ADP cjal-3230 393 11 increasing increase VERB cjal-3230 393 12 property property NOUN cjal-3230 393 13 development development NOUN cjal-3230 393 14 and and CCONJ cjal-3230 393 15 wealth wealth NOUN cjal-3230 393 16 creation creation NOUN cjal-3230 393 17 . . PUNCT cjal-3230 394 1 ix ix X cjal-3230 394 2 . . PUNCT cjal-3230 395 1 analysis analysis NOUN cjal-3230 395 2 of of ADP cjal-3230 395 3 the the DET cjal-3230 395 4 anti anti ADJ cjal-3230 395 5 - - ADJ cjal-3230 395 6 speculation speculation ADJ cjal-3230 395 7 laws law NOUN cjal-3230 395 8 benefits benefit NOUN cjal-3230 395 9 v. v. ADP cjal-3230 395 10 costs cost VERB cjal-3230 395 11 the the DET cjal-3230 395 12 anti anti ADJ cjal-3230 395 13 - - ADJ cjal-3230 395 14 speculation speculation ADJ cjal-3230 395 15 laws law NOUN cjal-3230 395 16 possess possess VERB cjal-3230 395 17 certain certain ADJ cjal-3230 395 18 benefits benefit NOUN cjal-3230 395 19 and and CCONJ cjal-3230 395 20 risks.9 risks.9 NOUN cjal-3230 395 21 ' ' PUNCT cjal-3230 395 22 the the DET cjal-3230 395 23 real real ADJ cjal-3230 395 24 question question NOUN cjal-3230 395 25 to to PART cjal-3230 395 26 ascertain ascertain VERB cjal-3230 395 27 a a DET cjal-3230 395 28 legislative legislative ADJ cjal-3230 395 29 effort effort NOUN cjal-3230 395 30 's 's PART cjal-3230 395 31 worthiness worthiness NOUN cjal-3230 395 32 is be AUX cjal-3230 395 33 whether whether SCONJ cjal-3230 395 34 the the DET cjal-3230 395 35 overall overall ADJ cjal-3230 395 36 benefits benefit NOUN cjal-3230 395 37 substantially substantially ADV cjal-3230 395 38 outweigh outweigh VERB cjal-3230 395 39 its its PRON cjal-3230 395 40 overall overall ADJ cjal-3230 395 41 risks risk NOUN cjal-3230 395 42 . . PUNCT cjal-3230 396 1 if if SCONJ cjal-3230 396 2 the the DET cjal-3230 396 3 answer answer NOUN cjal-3230 396 4 is be AUX cjal-3230 396 5 " " PUNCT cjal-3230 396 6 yes yes INTJ cjal-3230 396 7 " " PUNCT cjal-3230 396 8 , , PUNCT cjal-3230 396 9 then then ADV cjal-3230 396 10 the the DET cjal-3230 396 11 anti anti ADJ cjal-3230 396 12 - - ADJ cjal-3230 396 13 speculation speculation ADJ cjal-3230 396 14 laws law NOUN cjal-3230 396 15 will will AUX cjal-3230 396 16 be be AUX cjal-3230 396 17 an an DET cjal-3230 396 18 overall overall ADJ cjal-3230 396 19 net net ADJ cjal-3230 396 20 positive positive ADJ cjal-3230 396 21 on on ADP cjal-3230 396 22 its its PRON cjal-3230 396 23 society society NOUN cjal-3230 396 24 . . PUNCT cjal-3230 397 1 if if SCONJ cjal-3230 397 2 the the DET cjal-3230 397 3 answer answer NOUN cjal-3230 397 4 is be AUX cjal-3230 397 5 " " PUNCT cjal-3230 397 6 no no INTJ cjal-3230 397 7 " " PUNCT cjal-3230 397 8 , , PUNCT cjal-3230 397 9 then then ADV cjal-3230 397 10 the the DET cjal-3230 397 11 anti anti ADJ cjal-3230 397 12 - - ADJ cjal-3230 397 13 speculation speculation ADJ cjal-3230 397 14 laws law NOUN cjal-3230 397 15 will will AUX cjal-3230 397 16 be be AUX cjal-3230 397 17 an an DET cjal-3230 397 18 overall overall ADJ cjal-3230 397 19 net net ADJ cjal-3230 397 20 negative negative ADJ cjal-3230 397 21 effect effect NOUN cjal-3230 397 22 on on ADP cjal-3230 397 23 its its PRON cjal-3230 397 24 society society NOUN cjal-3230 397 25 . . PUNCT cjal-3230 398 1 this this DET cjal-3230 398 2 analysis analysis NOUN cjal-3230 398 3 is be AUX cjal-3230 398 4 pursued pursue VERB cjal-3230 398 5 further far ADV cjal-3230 398 6 below below ADV cjal-3230 398 7 . . PUNCT cjal-3230 399 1 a. a. NOUN cjal-3230 399 2 benefit benefit NOUN cjal-3230 399 3 analysis analysis NOUN cjal-3230 399 4 and and CCONJ cjal-3230 399 5 commentary commentary NOUN cjal-3230 399 6 in in ADP cjal-3230 399 7 short short ADJ cjal-3230 399 8 , , PUNCT cjal-3230 399 9 one one NUM cjal-3230 399 10 broad broad ADJ cjal-3230 399 11 benefit benefit NOUN cjal-3230 399 12 exists exist VERB cjal-3230 399 13 relating relate VERB cjal-3230 399 14 to to ADP cjal-3230 399 15 the the DET cjal-3230 399 16 anti anti ADJ cjal-3230 399 17 - - ADJ cjal-3230 399 18 speculation speculation ADJ cjal-3230 399 19 laws law NOUN cjal-3230 399 20 : : PUNCT cjal-3230 399 21 to to PART cjal-3230 399 22 protect protect VERB cjal-3230 399 23 investors investor NOUN cjal-3230 399 24 by by ADP cjal-3230 399 25 enacting enact VERB cjal-3230 399 26 the the DET cjal-3230 399 27 anti anti ADJ cjal-3230 399 28 - - ADJ cjal-3230 399 29 speculation speculation ADJ cjal-3230 399 30 laws law NOUN cjal-3230 399 31 as as ADP cjal-3230 399 32 a a DET cjal-3230 399 33 means means NOUN cjal-3230 399 34 of of ADP cjal-3230 399 35 prematurely prematurely ADV cjal-3230 399 36 bursting burst VERB cjal-3230 399 37 the the DET cjal-3230 399 38 so so ADV cjal-3230 399 39 - - PUNCT cjal-3230 399 40 called call VERB cjal-3230 399 41 korean korean ADJ cjal-3230 399 42 real real ADJ cjal-3230 399 43 estate estate NOUN cjal-3230 399 44 bubble bubble NOUN cjal-3230 399 45 . . PUNCT cjal-3230 400 1 the the DET cjal-3230 400 2 argument argument NOUN cjal-3230 400 3 for for ADP cjal-3230 400 4 this this PRON cjal-3230 400 5 can can AUX cjal-3230 400 6 be be AUX cjal-3230 400 7 explained explain VERB cjal-3230 400 8 by by ADP cjal-3230 400 9 the the DET cjal-3230 400 10 following follow VERB cjal-3230 400 11 parts part NOUN cjal-3230 400 12 : : PUNCT cjal-3230 400 13 ( ( PUNCT cjal-3230 400 14 i i NOUN cjal-3230 400 15 ) ) PUNCT cjal-3230 400 16 that that SCONJ cjal-3230 400 17 over over ADP cjal-3230 400 18 the the DET cjal-3230 400 19 past past ADJ cjal-3230 400 20 few few ADJ cjal-3230 400 21 years year NOUN cjal-3230 400 22 , , PUNCT cjal-3230 400 23 korean korean ADJ cjal-3230 400 24 real real ADJ cjal-3230 400 25 estate estate NOUN cjal-3230 400 26 prices price NOUN cjal-3230 400 27 have have AUX cjal-3230 400 28 escalated escalate VERB cjal-3230 400 29 to to ADP cjal-3230 400 30 a a DET cjal-3230 400 31 point point NOUN cjal-3230 400 32 beyond beyond ADP cjal-3230 400 33 , , PUNCT cjal-3230 400 34 or or CCONJ cjal-3230 400 35 even even ADV cjal-3230 400 36 substantially substantially ADV cjal-3230 400 37 beyond beyond ADP cjal-3230 400 38 , , PUNCT cjal-3230 400 39 what what PRON cjal-3230 400 40 is be AUX cjal-3230 400 41 , , PUNCT cjal-3230 400 42 or or CCONJ cjal-3230 400 43 is be AUX cjal-3230 400 44 thought think VERB cjal-3230 400 45 to to PART cjal-3230 400 46 be be AUX cjal-3230 400 47 , , PUNCT cjal-3230 400 48 fair fair ADJ cjal-3230 400 49 market market NOUN cjal-3230 400 50 value value NOUN cjal-3230 400 51 ; ; PUNCT cjal-3230 400 52 ( ( PUNCT cjal-3230 400 53 ii ii NOUN cjal-3230 400 54 ) ) PUNCT cjal-3230 400 55 that that SCONJ cjal-3230 400 56 such such ADJ cjal-3230 400 57 residential residential ADJ cjal-3230 400 58 real real ADJ cjal-3230 400 59 estate estate NOUN cjal-3230 400 60 prices price NOUN cjal-3230 400 61 warrant warrant VERB cjal-3230 400 62 enough enough ADV cjal-3230 400 63 of of ADP cjal-3230 400 64 an an DET cjal-3230 400 65 overvaluation overvaluation NOUN cjal-3230 400 66 to to PART cjal-3230 400 67 constitute constitute VERB cjal-3230 400 68 a a DET cjal-3230 400 69 " " PUNCT cjal-3230 400 70 bubble bubble NOUN cjal-3230 400 71 " " PUNCT cjal-3230 400 72 scenario scenario NOUN cjal-3230 400 73 ; ; PUNCT cjal-3230 400 74 ( ( PUNCT cjal-3230 400 75 iii iii X cjal-3230 400 76 ) ) PUNCT cjal-3230 400 77 that that PRON cjal-3230 400 78 , , PUNCT cjal-3230 400 79 at at ADP cjal-3230 400 80 the the DET cjal-3230 400 81 very very ADV cjal-3230 400 82 least least ADJ cjal-3230 400 83 , , PUNCT cjal-3230 400 84 a a DET cjal-3230 400 85 high high ADJ cjal-3230 400 86 likelihood likelihood NOUN cjal-3230 400 87 exists exist VERB cjal-3230 400 88 that that SCONJ cjal-3230 400 89 such such DET cjal-3230 400 90 a a DET cjal-3230 400 91 " " PUNCT cjal-3230 400 92 bubble bubble NOUN cjal-3230 400 93 " " PUNCT cjal-3230 400 94 in in ADP cjal-3230 400 95 the the DET cjal-3230 400 96 korean korean ADJ cjal-3230 400 97 89 89 NUM cjal-3230 400 98 thus thus ADV cjal-3230 400 99 such such ADJ cjal-3230 400 100 lowering lowering NOUN cjal-3230 400 101 of of ADP cjal-3230 400 102 short short ADJ cjal-3230 400 103 - - PUNCT cjal-3230 400 104 term term NOUN cjal-3230 400 105 prices price NOUN cjal-3230 400 106 represents represent VERB cjal-3230 400 107 the the DET cjal-3230 400 108 effects effect NOUN cjal-3230 400 109 of of ADP cjal-3230 400 110 government government NOUN cjal-3230 400 111 intervention intervention NOUN cjal-3230 400 112 into into ADP cjal-3230 400 113 the the DET cjal-3230 400 114 free free ADJ cjal-3230 400 115 market market NOUN cjal-3230 400 116 system system NOUN cjal-3230 400 117 . . PUNCT cjal-3230 401 1 see see VERB cjal-3230 401 2 harding harding PROPN cjal-3230 401 3 at at ADP cjal-3230 401 4 170 170 NUM cjal-3230 401 5 - - SYM cjal-3230 401 6 171 171 NUM cjal-3230 401 7 . . PUNCT cjal-3230 402 1 90 90 NUM cjal-3230 402 2 see see VERB cjal-3230 402 3 krugman krugman PROPN cjal-3230 402 4 at at ADP cjal-3230 402 5 77 77 NUM cjal-3230 402 6 . . PUNCT cjal-3230 403 1 91 91 NUM cjal-3230 403 2 see see VERB cjal-3230 403 3 harding harding PROPN cjal-3230 403 4 at at ADP cjal-3230 403 5 166 166 NUM cjal-3230 403 6 . . PUNCT cjal-3230 404 1 see see VERB cjal-3230 404 2 also also ADV cjal-3230 404 3 , , PUNCT cjal-3230 404 4 paul paul PROPN cjal-3230 404 5 a. a. PROPN cjal-3230 404 6 samuelson samuelson PROPN cjal-3230 404 7 and and CCONJ cjal-3230 404 8 william william PROPN cjal-3230 404 9 d. d. PROPN cjal-3230 404 10 nordhaus nordhaus PROPN cjal-3230 404 11 economics economics PROPN cjal-3230 404 12 181 181 NUM cjal-3230 404 13 - - SYM cjal-3230 404 14 184 184 NUM cjal-3230 404 15 ( ( PUNCT cjal-3230 404 16 mcgraw mcgraw PROPN cjal-3230 404 17 - - PUNCT cjal-3230 404 18 hill hill PROPN cjal-3230 404 19 inc inc PROPN cjal-3230 404 20 . . PROPN cjal-3230 404 21 , , PUNCT cjal-3230 404 22 1995 1995 NUM cjal-3230 404 23 5th 5th NOUN cjal-3230 404 24 ed ed NOUN cjal-3230 404 25 . . PUNCT cjal-3230 405 1 int'l int'l PROPN cjal-3230 405 2 ed ed NOUN cjal-3230 405 3 . . PUNCT cjal-3230 405 4 ) ) PUNCT cjal-3230 406 1 [ [ X cjal-3230 406 2 hereinafter hereinafter NOUN cjal-3230 406 3 samuelson samuelson NOUN cjal-3230 406 4 ] ] PUNCT cjal-3230 406 5 . . PUNCT cjal-3230 406 6 2004 2004 NUM cjal-3230 406 7 ] ] PUNCT cjal-3230 406 8 columbia columbia PROPN cjal-3230 406 9 journal journal PROPN cjal-3230 406 10 of of ADP cjal-3230 406 11 asian asian ADJ cjal-3230 406 12 law law NOUN cjal-3230 406 13 real real ADJ cjal-3230 406 14 estate estate NOUN cjal-3230 406 15 market market NOUN cjal-3230 406 16 will will AUX cjal-3230 406 17 burst burst VERB cjal-3230 406 18 rather rather ADV cjal-3230 406 19 than than ADP cjal-3230 406 20 enter enter VERB cjal-3230 406 21 into into ADP cjal-3230 406 22 a a DET cjal-3230 406 23 " " PUNCT cjal-3230 406 24 soft soft ADJ cjal-3230 406 25 - - PUNCT cjal-3230 406 26 landing landing NOUN cjal-3230 406 27 " " PUNCT cjal-3230 406 28 scenario scenario NOUN cjal-3230 406 29 ; ; PUNCT cjal-3230 406 30 ( ( PUNCT cjal-3230 406 31 iv iv X cjal-3230 406 32 ) ) PUNCT cjal-3230 406 33 that that SCONJ cjal-3230 406 34 because because SCONJ cjal-3230 406 35 of of ADP cjal-3230 406 36 the the DET cjal-3230 406 37 perceived perceive VERB cjal-3230 406 38 likelihood likelihood NOUN cjal-3230 406 39 of of ADP cjal-3230 406 40 a a DET cjal-3230 406 41 " " PUNCT cjal-3230 406 42 bubble bubble NOUN cjal-3230 406 43 burst burst NOUN cjal-3230 406 44 " " PUNCT cjal-3230 406 45 scenario scenario NOUN cjal-3230 406 46 , , PUNCT cjal-3230 406 47 that that SCONJ cjal-3230 406 48 the the DET cjal-3230 406 49 occurrence occurrence NOUN cjal-3230 406 50 of of ADP cjal-3230 406 51 such such DET cjal-3230 406 52 a a DET cjal-3230 406 53 " " PUNCT cjal-3230 406 54 bubble bubble NOUN cjal-3230 406 55 " " PUNCT cjal-3230 406 56 scenario scenario NOUN cjal-3230 406 57 in in ADP cjal-3230 406 58 the the DET cjal-3230 406 59 korean korean ADJ cjal-3230 406 60 real real ADJ cjal-3230 406 61 estate estate NOUN cjal-3230 406 62 markets market NOUN cjal-3230 406 63 will will AUX cjal-3230 406 64 have have VERB cjal-3230 406 65 a a DET cjal-3230 406 66 net net ADJ cjal-3230 406 67 negative negative ADJ cjal-3230 406 68 effect effect NOUN cjal-3230 406 69 on on ADP cjal-3230 406 70 the the DET cjal-3230 406 71 domestic domestic ADJ cjal-3230 406 72 economy economy NOUN cjal-3230 406 73 , , PUNCT cjal-3230 406 74 rather rather ADV cjal-3230 406 75 than than ADP cjal-3230 406 76 a a DET cjal-3230 406 77 net net ADJ cjal-3230 406 78 positive positive ADJ cjal-3230 406 79 in in ADP cjal-3230 406 80 the the DET cjal-3230 406 81 form form NOUN cjal-3230 406 82 of of ADP cjal-3230 406 83 much much ADV cjal-3230 406 84 - - PUNCT cjal-3230 406 85 needed need VERB cjal-3230 406 86 added add VERB cjal-3230 406 87 wealth wealth NOUN cjal-3230 406 88 creation creation NOUN cjal-3230 406 89 into into ADP cjal-3230 406 90 society society NOUN cjal-3230 406 91 ; ; PUNCT cjal-3230 406 92 ( ( PUNCT cjal-3230 406 93 v v NOUN cjal-3230 406 94 ) ) PUNCT cjal-3230 406 95 that that SCONJ cjal-3230 406 96 it it PRON cjal-3230 406 97 is be AUX cjal-3230 406 98 the the DET cjal-3230 406 99 role role NOUN cjal-3230 406 100 of of ADP cjal-3230 406 101 the the DET cjal-3230 406 102 government government NOUN cjal-3230 406 103 to to PART cjal-3230 406 104 help help VERB cjal-3230 406 105 its its PRON cjal-3230 406 106 people people NOUN cjal-3230 406 107 protect protect VERB cjal-3230 406 108 themselves themselves PRON cjal-3230 406 109 against against ADP cjal-3230 406 110 the the DET cjal-3230 406 111 " " PUNCT cjal-3230 406 112 bubble bubble NOUN cjal-3230 406 113 burst burst NOUN cjal-3230 406 114 " " PUNCT cjal-3230 406 115 scenario scenario NOUN cjal-3230 406 116 , , PUNCT cjal-3230 406 117 not not PART cjal-3230 406 118 by by ADP cjal-3230 406 119 focusing focus VERB cjal-3230 406 120 on on ADP cjal-3230 406 121 the the DET cjal-3230 406 122 consequences consequence NOUN cjal-3230 406 123 of of ADP cjal-3230 406 124 such such ADJ cjal-3230 406 125 occurrence occurrence NOUN cjal-3230 406 126 , , PUNCT cjal-3230 406 127 but but CCONJ cjal-3230 406 128 rather rather ADV cjal-3230 406 129 , , PUNCT cjal-3230 406 130 by by ADP cjal-3230 406 131 focusing focus VERB cjal-3230 406 132 on on ADP cjal-3230 406 133 how how SCONJ cjal-3230 406 134 to to PART cjal-3230 406 135 artificially artificially ADV cjal-3230 406 136 stunt stunt VERB cjal-3230 406 137 real real ADJ cjal-3230 406 138 estate estate NOUN cjal-3230 406 139 price price NOUN cjal-3230 406 140 elevation elevation NOUN cjal-3230 406 141 vis vis X cjal-3230 406 142 - - PUNCT cjal-3230 406 143 a a PRON cjal-3230 406 144 - - PUNCT cjal-3230 406 145 vis vis X cjal-3230 406 146 related relate VERB cjal-3230 406 147 legislative legislative ADJ cjal-3230 406 148 enactment enactment NOUN cjal-3230 406 149 ; ; PUNCT cjal-3230 406 150 and and CCONJ cjal-3230 406 151 ( ( PUNCT cjal-3230 406 152 vi vi X cjal-3230 406 153 ) ) PUNCT cjal-3230 406 154 that that SCONJ cjal-3230 406 155 such such ADJ cjal-3230 406 156 government government NOUN cjal-3230 406 157 legislation legislation NOUN cjal-3230 406 158 will will AUX cjal-3230 406 159 have have VERB cjal-3230 406 160 the the DET cjal-3230 406 161 intended intended ADJ cjal-3230 406 162 effect effect NOUN cjal-3230 406 163 on on ADP cjal-3230 406 164 the the DET cjal-3230 406 165 markets market NOUN cjal-3230 406 166 , , PUNCT cjal-3230 406 167 consistent consistent ADJ cjal-3230 406 168 with with ADP cjal-3230 406 169 its its PRON cjal-3230 406 170 stated state VERB cjal-3230 406 171 objectives objective NOUN cjal-3230 406 172 . . PUNCT cjal-3230 407 1 in in ADP cjal-3230 407 2 the the DET cjal-3230 407 3 following following ADJ cjal-3230 407 4 section section NOUN cjal-3230 407 5 , , PUNCT cjal-3230 407 6 each each DET cjal-3230 407 7 part part NOUN cjal-3230 407 8 of of ADP cjal-3230 407 9 the the DET cjal-3230 407 10 argument argument NOUN cjal-3230 407 11 will will AUX cjal-3230 407 12 be be AUX cjal-3230 407 13 analyzed analyze VERB cjal-3230 407 14 . . PUNCT cjal-3230 408 1 1 1 X cjal-3230 408 2 . . X cjal-3230 408 3 over over ADP cjal-3230 408 4 the the DET cjal-3230 408 5 past past ADJ cjal-3230 408 6 few few ADJ cjal-3230 408 7 years year NOUN cjal-3230 408 8 , , PUNCT cjal-3230 408 9 korean korean ADJ cjal-3230 408 10 real real ADJ cjal-3230 408 11 estate estate NOUN cjal-3230 408 12 prices price NOUN cjal-3230 408 13 have have AUX cjal-3230 408 14 escalated escalate VERB cjal-3230 408 15 to to ADP cjal-3230 408 16 a a DET cjal-3230 408 17 point point NOUN cjal-3230 408 18 beyond beyond ADP cjal-3230 408 19 , , PUNCT cjal-3230 408 20 or or CCONJ cjal-3230 408 21 even even ADV cjal-3230 408 22 substantially substantially ADV cjal-3230 408 23 beyond beyond ADP cjal-3230 408 24 , , PUNCT cjal-3230 408 25 what what PRON cjal-3230 408 26 is be AUX cjal-3230 408 27 , , PUNCT cjal-3230 408 28 or or CCONJ cjal-3230 408 29 is be AUX cjal-3230 408 30 thought think VERB cjal-3230 408 31 to to PART cjal-3230 408 32 be be AUX cjal-3230 408 33 , , PUNCT cjal-3230 408 34 fair fair ADJ cjal-3230 408 35 market market NOUN cjal-3230 408 36 value value NOUN cjal-3230 408 37 . . PUNCT cjal-3230 409 1 the the DET cjal-3230 409 2 level level NOUN cjal-3230 409 3 of of ADP cjal-3230 409 4 price price NOUN cjal-3230 409 5 increase increase NOUN cjal-3230 409 6 in in ADP cjal-3230 409 7 korean korean ADJ cjal-3230 409 8 real real ADJ cjal-3230 409 9 estate estate NOUN cjal-3230 409 10 markets market NOUN cjal-3230 409 11 varied varied ADJ cjal-3230 409 12 widely widely ADV cjal-3230 409 13 in in ADP cjal-3230 409 14 seoul seoul NOUN cjal-3230 409 15 depending depend VERB cjal-3230 409 16 on on ADP cjal-3230 409 17 the the DET cjal-3230 409 18 region region NOUN cjal-3230 409 19 of of ADP cjal-3230 409 20 seoul seoul PROPN cjal-3230 409 21 in in ADP cjal-3230 409 22 question question NOUN cjal-3230 409 23 , , PUNCT cjal-3230 409 24 with with ADP cjal-3230 409 25 little little ADJ cjal-3230 409 26 or or CCONJ cjal-3230 409 27 no no PRON cjal-3230 409 28 change change NOUN cjal-3230 409 29 in in ADP cjal-3230 409 30 residential residential ADJ cjal-3230 409 31 real real ADJ cjal-3230 409 32 estate estate NOUN cjal-3230 409 33 prices price NOUN cjal-3230 409 34 in in ADP cjal-3230 409 35 the the DET cjal-3230 409 36 kangbuk kangbuk NOUN cjal-3230 409 37 ( ( PUNCT cjal-3230 409 38 northern northern ADJ cjal-3230 409 39 seoul seoul PROPN cjal-3230 409 40 ) ) PUNCT cjal-3230 409 41 region region NOUN cjal-3230 409 42 compared compare VERB cjal-3230 409 43 to to ADP cjal-3230 409 44 somewhat somewhat ADV cjal-3230 409 45 more more ADV cjal-3230 409 46 significant significant ADJ cjal-3230 409 47 gains gain NOUN cjal-3230 409 48 in in ADP cjal-3230 409 49 the the DET cjal-3230 409 50 kangnam kangnam NOUN cjal-3230 409 51 ( ( PUNCT cjal-3230 409 52 southern southern ADJ cjal-3230 409 53 seoul seoul PROPN cjal-3230 409 54 ) ) PUNCT cjal-3230 409 55 region region NOUN cjal-3230 409 56 . . PUNCT cjal-3230 410 1 overall overall ADV cjal-3230 410 2 , , PUNCT cjal-3230 410 3 the the DET cjal-3230 410 4 prices price NOUN cjal-3230 410 5 of of ADP cjal-3230 410 6 residential residential ADJ cjal-3230 410 7 apartments apartment NOUN cjal-3230 410 8 in in ADP cjal-3230 410 9 seoul seoul PROPN cjal-3230 410 10 have have AUX cjal-3230 410 11 increased increase VERB cjal-3230 410 12 79.4 79.4 NUM cjal-3230 410 13 % % NOUN cjal-3230 410 14 since since SCONJ cjal-3230 410 15 january january PROPN cjal-3230 410 16 2000 2000 NUM cjal-3230 410 17 , , PUNCT cjal-3230 410 18 which which PRON cjal-3230 410 19 averages average VERB cjal-3230 410 20 out out ADP cjal-3230 410 21 to to ADP cjal-3230 410 22 approximately approximately ADV cjal-3230 410 23 19.85 19.85 NUM cjal-3230 410 24 % % NOUN cjal-3230 410 25 returns92 returns92 NOUN cjal-3230 410 26 per per ADP cjal-3230 410 27 year year NOUN cjal-3230 410 28 for for ADP cjal-3230 410 29 the the DET cjal-3230 410 30 four four NUM cjal-3230 410 31 years year NOUN cjal-3230 410 32 between between ADP cjal-3230 410 33 2000 2000 NUM cjal-3230 410 34 and and CCONJ cjal-3230 410 35 2003 2003 NUM cjal-3230 410 36 . . PUNCT cjal-3230 410 37 " " PUNCT cjal-3230 411 1 from from ADP cjal-3230 411 2 a a DET cjal-3230 411 3 comparative comparative ADJ cjal-3230 411 4 basis basis NOUN cjal-3230 411 5 standpoint standpoint NOUN cjal-3230 411 6 , , PUNCT cjal-3230 411 7 residential residential ADJ cjal-3230 411 8 apartment apartment NOUN cjal-3230 411 9 prices price NOUN cjal-3230 411 10 increased increase VERB cjal-3230 411 11 62.02 62.02 NUM cjal-3230 411 12 % % NOUN cjal-3230 411 13 in in ADP cjal-3230 411 14 seoul seoul PROPN cjal-3230 411 15 from from ADP cjal-3230 411 16 1990 1990 NUM cjal-3230 411 17 to to ADP cjal-3230 411 18 1999 1999 NUM cjal-3230 411 19 . . PUNCT cjal-3230 412 1 " " PUNCT cjal-3230 412 2 ' ' PUNCT cjal-3230 412 3 the the DET cjal-3230 412 4 vast vast ADJ cjal-3230 412 5 preponderance preponderance NOUN cjal-3230 412 6 of of ADP cjal-3230 412 7 increases increase NOUN cjal-3230 412 8 in in ADP cjal-3230 412 9 overall overall ADJ cjal-3230 412 10 seoul seoul PROPN cjal-3230 412 11 real real ADJ cjal-3230 412 12 estate estate NOUN cjal-3230 412 13 prices price NOUN cjal-3230 412 14 can can AUX cjal-3230 412 15 be be AUX cjal-3230 412 16 attributed attribute VERB cjal-3230 412 17 to to ADP cjal-3230 412 18 a a DET cjal-3230 412 19 skewed skewed ADJ cjal-3230 412 20 distribution distribution NOUN cjal-3230 412 21 of of ADP cjal-3230 412 22 price price NOUN cjal-3230 412 23 inflation inflation NOUN cjal-3230 412 24 " " PUNCT cjal-3230 412 25 in in ADP cjal-3230 412 26 the the DET cjal-3230 412 27 92 92 NUM cjal-3230 412 28 during during ADP cjal-3230 412 29 the the DET cjal-3230 412 30 same same ADJ cjal-3230 412 31 period period NOUN cjal-3230 412 32 , , PUNCT cjal-3230 412 33 2000 2000 NUM cjal-3230 412 34 to to ADP cjal-3230 412 35 2003 2003 NUM cjal-3230 412 36 , , PUNCT cjal-3230 412 37 the the DET cjal-3230 412 38 korea korea PROPN cjal-3230 412 39 composite composite PROPN cjal-3230 412 40 index index NOUN cjal-3230 412 41 , , PUNCT cjal-3230 412 42 or or CCONJ cjal-3230 412 43 kospi kospi NOUN cjal-3230 412 44 realized realize VERB cjal-3230 412 45 a a DET cjal-3230 412 46 -89.58 -89.58 PROPN cjal-3230 412 47 % % NOUN cjal-3230 412 48 average average ADJ cjal-3230 412 49 year year NOUN cjal-3230 412 50 return return NOUN cjal-3230 412 51 on on ADP cjal-3230 412 52 equity equity NOUN cjal-3230 412 53 . . PUNCT cjal-3230 413 1 see see VERB cjal-3230 413 2 korea korea PROPN cjal-3230 413 3 stock stock PROPN cjal-3230 413 4 exchange exchange PROPN cjal-3230 413 5 website website NOUN cjal-3230 413 6 , , PUNCT cjal-3230 413 7 available available ADJ cjal-3230 413 8 at at ADP cjal-3230 413 9 http://cs.kse.or.kr/webeng/tong/st/sp/tn http://cs.kse.or.kr/webeng/tong/st/sp/tn PROPN cjal-3230 413 10 st st PROPN cjal-3230 413 11 sp sp PROPN cjal-3230 413 12 kp2cl.isp kp2cl.isp PROPN cjal-3230 413 13 . . PUNCT cjal-3230 414 1 93 93 NUM cjal-3230 414 2 ji ji PROPN cjal-3230 414 3 - - PUNCT cjal-3230 414 4 eun eun PROPN cjal-3230 414 5 seo seo PROPN cjal-3230 414 6 , , PUNCT cjal-3230 414 7 apartment apartment NOUN cjal-3230 414 8 price price NOUN cjal-3230 414 9 hikes hike NOUN cjal-3230 414 10 greater great ADJ cjal-3230 414 11 than than ADP cjal-3230 414 12 in in ADP cjal-3230 414 13 ' ' NUM cjal-3230 414 14 90s 90s NUM cjal-3230 414 15 korea korea PROPN cjal-3230 414 16 herald herald PROPN cjal-3230 414 17 , , PUNCT cjal-3230 414 18 november november PROPN cjal-3230 414 19 25 25 NUM cjal-3230 414 20 , , PUNCT cjal-3230 414 21 2003 2003 NUM cjal-3230 414 22 , , PUNCT cjal-3230 414 23 at at ADP cjal-3230 414 24 18 18 NUM cjal-3230 414 25 [ [ SYM cjal-3230 414 26 hereinafter hereinafter NOUN cjal-3230 414 27 seo seo NOUN cjal-3230 414 28 ] ] PUNCT cjal-3230 414 29 . . PUNCT cjal-3230 415 1 the the DET cjal-3230 415 2 average average ADJ cjal-3230 415 3 price price NOUN cjal-3230 415 4 per per ADP cjal-3230 415 5 pyeong pyeong NOUN cjal-3230 415 6 ( ( PUNCT cjal-3230 415 7 the the DET cjal-3230 415 8 traditional traditional ADJ cjal-3230 415 9 korean korean ADJ cjal-3230 415 10 method method NOUN cjal-3230 415 11 of of ADP cjal-3230 415 12 measuring measure VERB cjal-3230 415 13 property property NOUN cjal-3230 415 14 sizes size NOUN cjal-3230 415 15 , , PUNCT cjal-3230 415 16 whereby whereby SCONJ cjal-3230 415 17 1 1 NUM cjal-3230 415 18 pyeong pyeong NOUN cjal-3230 415 19 is be AUX cjal-3230 415 20 equivalent equivalent ADJ cjal-3230 415 21 to to ADP cjal-3230 415 22 3.3 3.3 NUM cjal-3230 415 23 square square ADJ cjal-3230 415 24 meters meter NOUN cjal-3230 415 25 ) ) PUNCT cjal-3230 415 26 was be AUX cjal-3230 415 27 11.66 11.66 NUM cjal-3230 415 28 million million NUM cjal-3230 415 29 korean korean ADJ cjal-3230 415 30 won win VERB cjal-3230 415 31 ( ( PUNCT cjal-3230 415 32 $ $ SYM cjal-3230 415 33 9,701 9,701 NUM cjal-3230 415 34 ) ) PUNCT cjal-3230 415 35 per per ADP cjal-3230 415 36 pyeong pyeong NOUN cjal-3230 415 37 from from ADP cjal-3230 415 38 6.5 6.5 NUM cjal-3230 415 39 million million NUM cjal-3230 415 40 korean korean ADJ cjal-3230 415 41 won win VERB cjal-3230 415 42 in in ADP cjal-3230 415 43 january january PROPN cjal-3230 415 44 2000 2000 NUM cjal-3230 415 45 . . PUNCT cjal-3230 416 1 i i PRON cjal-3230 416 2 d. d. PROPN cjal-3230 416 3 94 94 NUM cjal-3230 417 1 i i PRON cjal-3230 417 2 d. d. PROPN cjal-3230 417 3 in in ADP cjal-3230 417 4 1999 1999 NUM cjal-3230 417 5 , , PUNCT cjal-3230 417 6 the the DET cjal-3230 417 7 price price NOUN cjal-3230 417 8 per per ADP cjal-3230 417 9 pyeong pyeong NOUN cjal-3230 417 10 in in ADP cjal-3230 417 11 december december PROPN cjal-3230 417 12 1999 1999 NUM cjal-3230 417 13 was be AUX cjal-3230 417 14 6.4 6.4 NUM cjal-3230 417 15 million million NUM cjal-3230 417 16 korean korean ADJ cjal-3230 417 17 won won NOUN cjal-3230 417 18 compared compare VERB cjal-3230 417 19 to to ADP cjal-3230 417 20 3.95 3.95 NUM cjal-3230 417 21 million million NUM cjal-3230 417 22 korean korean ADJ cjal-3230 417 23 won win VERB cjal-3230 417 24 in in ADP cjal-3230 417 25 january january PROPN cjal-3230 417 26 1990 1990 NUM cjal-3230 417 27 . . PUNCT cjal-3230 418 1 i i PRON cjal-3230 418 2 d. d. PROPN cjal-3230 418 3 95 95 NUM cjal-3230 419 1 one one NUM cjal-3230 419 2 definition definition NOUN cjal-3230 419 3 of of ADP cjal-3230 419 4 inflation inflation NOUN cjal-3230 419 5 is be AUX cjal-3230 419 6 " " PUNCT cjal-3230 419 7 price price NOUN cjal-3230 419 8 rise rise NOUN cjal-3230 419 9 in in ADP cjal-3230 419 10 a a DET cjal-3230 419 11 process process NOUN cjal-3230 419 12 called call VERB cjal-3230 419 13 ' ' PUNCT cjal-3230 419 14 inflation inflation NOUN cjal-3230 419 15 ' ' PUNCT cjal-3230 419 16 , , PUNCT cjal-3230 419 17 when when SCONJ cjal-3230 419 18 the the DET cjal-3230 419 19 quantity quantity NOUN cjal-3230 419 20 of of ADP cjal-3230 419 21 money money NOUN cjal-3230 419 22 increases increase VERB cjal-3230 419 23 faster fast ADV cjal-3230 419 24 than than ADP cjal-3230 419 25 production production NOUN cjal-3230 419 26 " " PUNCT cjal-3230 419 27 . . PUNCT cjal-3230 420 1 see see VERB cjal-3230 420 2 michael michael PROPN cjal-3230 420 3 parkin parkin PROPN cjal-3230 420 4 , , PUNCT cjal-3230 420 5 economics economic NOUN cjal-3230 420 6 11 11 NUM cjal-3230 420 7 ( ( PUNCT cjal-3230 420 8 addison addison PROPN cjal-3230 420 9 - - PUNCT cjal-3230 420 10 wesley wesley PROPN cjal-3230 420 11 publishing publishing PROPN cjal-3230 420 12 co. co. PROPN cjal-3230 420 13 , , PUNCT cjal-3230 420 14 inc inc PROPN cjal-3230 420 15 . . PROPN cjal-3230 420 16 , , PUNCT cjal-3230 420 17 2000 2000 NUM cjal-3230 420 18 ) ) PUNCT cjal-3230 420 19 . . PUNCT cjal-3230 421 1 [ [ X cjal-3230 421 2 18:1 18:1 NUM cjal-3230 421 3 anti anti ADJ cjal-3230 421 4 - - ADJ cjal-3230 421 5 specula specula ADJ cjal-3230 421 6 tion tion PROPN cjal-3230 421 7 la la PROPN cjal-3230 421 8 ws ws PROPN cjal-3230 421 9 and and CCONJ cjal-3230 421 10 their their PRON cjal-3230 421 11 impa impa PROPN cjal-3230 421 12 ct ct PROPN cjal-3230 421 13 kangnam kangnam PROPN cjal-3230 421 14 area area NOUN cjal-3230 421 15 . . PUNCT cjal-3230 422 1 for for ADP cjal-3230 422 2 example example NOUN cjal-3230 422 3 , , PUNCT cjal-3230 422 4 the the DET cjal-3230 422 5 kangnam kangnam PROPN cjal-3230 422 6 area area NOUN cjal-3230 422 7 rose rise VERB cjal-3230 422 8 118.3 118.3 NUM cjal-3230 422 9 % % NOUN cjal-3230 422 10 in in ADP cjal-3230 422 11 the the DET cjal-3230 422 12 199099 199099 NUM cjal-3230 422 13 period period NOUN cjal-3230 422 14 and and CCONJ cjal-3230 422 15 131.7 131.7 NUM cjal-3230 422 16 % % NOUN cjal-3230 422 17 in in ADP cjal-3230 422 18 the the DET cjal-3230 422 19 2000 2000 NUM cjal-3230 422 20 - - SYM cjal-3230 422 21 03 03 NUM cjal-3230 422 22 period period NOUN cjal-3230 422 23 . . PUNCT cjal-3230 423 1 96 96 NUM cjal-3230 423 2 however however ADV cjal-3230 423 3 , , PUNCT cjal-3230 423 4 in in ADP cjal-3230 423 5 stark stark ADJ cjal-3230 423 6 contract contract NOUN cjal-3230 423 7 , , PUNCT cjal-3230 423 8 the the DET cjal-3230 423 9 kangbuk kangbuk NOUN cjal-3230 423 10 area area NOUN cjal-3230 423 11 showed show VERB cjal-3230 423 12 minimal minimal ADJ cjal-3230 423 13 price price NOUN cjal-3230 423 14 elevation elevation NOUN cjal-3230 423 15 . . PUNCT cjal-3230 424 1 as as ADP cjal-3230 424 2 an an DET cjal-3230 424 3 example example NOUN cjal-3230 424 4 , , PUNCT cjal-3230 424 5 the the DET cjal-3230 424 6 yongsan yongsan ADJ cjal-3230 424 7 - - PUNCT cjal-3230 424 8 gu gu NOUN cjal-3230 424 9 area area NOUN cjal-3230 424 10 , , PUNCT cjal-3230 424 11 located locate VERB cjal-3230 424 12 within within ADP cjal-3230 424 13 the the DET cjal-3230 424 14 kangbuk kangbuk NOUN cjal-3230 424 15 area area NOUN cjal-3230 424 16 , , PUNCT cjal-3230 424 17 was be AUX cjal-3230 424 18 the the DET cjal-3230 424 19 most most ADV cjal-3230 424 20 expensive expensive ADJ cjal-3230 424 21 area area NOUN cjal-3230 424 22 in in ADP cjal-3230 424 23 seoul seoul PROPN cjal-3230 424 24 in in ADP cjal-3230 424 25 1990.17 1990.17 NUM cjal-3230 424 26 however however ADV cjal-3230 424 27 , , PUNCT cjal-3230 424 28 the the DET cjal-3230 424 29 average average ADJ cjal-3230 424 30 residential residential ADJ cjal-3230 424 31 housing housing NOUN cjal-3230 424 32 prices price NOUN cjal-3230 424 33 in in ADP cjal-3230 424 34 this this DET cjal-3230 424 35 area area NOUN cjal-3230 424 36 grew grow VERB cjal-3230 424 37 at at ADP cjal-3230 424 38 a a DET cjal-3230 424 39 mere mere ADJ cjal-3230 424 40 3 3 NUM cjal-3230 424 41 % % NOUN cjal-3230 424 42 from from ADP cjal-3230 424 43 2000 2000 NUM cjal-3230 424 44 to to ADP cjal-3230 424 45 2003.11 2003.11 NUM cjal-3230 424 46 one one NUM cjal-3230 424 47 argument argument NOUN cjal-3230 424 48 for for ADP cjal-3230 424 49 this this DET cjal-3230 424 50 constant constant ADJ cjal-3230 424 51 and and CCONJ cjal-3230 424 52 steadfast steadfast ADJ cjal-3230 424 53 increase increase NOUN cjal-3230 424 54 in in ADP cjal-3230 424 55 korean korean ADJ cjal-3230 424 56 real real ADJ cjal-3230 424 57 estate estate NOUN cjal-3230 424 58 prices price NOUN cjal-3230 424 59 since since SCONJ cjal-3230 424 60 1990 1990 NUM cjal-3230 424 61 is be AUX cjal-3230 424 62 that that SCONJ cjal-3230 424 63 such such ADJ cjal-3230 424 64 increase increase NOUN cjal-3230 424 65 is be AUX cjal-3230 424 66 due due ADJ cjal-3230 424 67 in in ADP cjal-3230 424 68 part part NOUN cjal-3230 424 69 to to ADP cjal-3230 424 70 the the DET cjal-3230 424 71 korean korean ADJ cjal-3230 424 72 government government NOUN cjal-3230 424 73 's 's PART cjal-3230 424 74 post-1997 post-1997 ADJ cjal-3230 424 75 crisis crisis NOUN cjal-3230 424 76 measures measure NOUN cjal-3230 424 77 to to PART cjal-3230 424 78 spur spur VERB cjal-3230 424 79 the the DET cjal-3230 424 80 nation nation NOUN cjal-3230 424 81 's 's PART cjal-3230 424 82 economy economy NOUN cjal-3230 424 83 . . PUNCT cjal-3230 425 1 most most ADV cjal-3230 425 2 notably notably ADV cjal-3230 425 3 , , PUNCT cjal-3230 425 4 such such ADJ cjal-3230 425 5 measures measure NOUN cjal-3230 425 6 included include VERB cjal-3230 425 7 maintaining maintain VERB cjal-3230 425 8 low low ADJ cjal-3230 425 9 interest interest NOUN cjal-3230 425 10 rates rate NOUN cjal-3230 425 11 to to PART cjal-3230 425 12 increase increase VERB cjal-3230 425 13 domestic domestic ADJ cjal-3230 425 14 loan loan NOUN cjal-3230 425 15 issuances issuance NOUN cjal-3230 425 16 , , PUNCT cjal-3230 425 17 spending spending NOUN cjal-3230 425 18 , , PUNCT cjal-3230 425 19 and and CCONJ cjal-3230 425 20 investment investment NOUN cjal-3230 425 21 , , PUNCT cjal-3230 425 22 which which PRON cjal-3230 425 23 in in ADP cjal-3230 425 24 turn turn NOUN cjal-3230 425 25 led lead VERB cjal-3230 425 26 to to ADP cjal-3230 425 27 the the DET cjal-3230 425 28 current current ADJ cjal-3230 425 29 " " PUNCT cjal-3230 425 30 unpredicted unpredicted ADJ cjal-3230 425 31 , , PUNCT cjal-3230 425 32 large large ADJ cjal-3230 425 33 - - PUNCT cjal-3230 425 34 scale scale NOUN cjal-3230 425 35 price price NOUN cjal-3230 425 36 rise rise NOUN cjal-3230 425 37 . . PUNCT cjal-3230 426 1 "99 "99 PRON cjal-3230 426 2 if if SCONJ cjal-3230 426 3 true true ADJ cjal-3230 426 4 , , PUNCT cjal-3230 426 5 then then ADV cjal-3230 426 6 the the DET cjal-3230 426 7 government government NOUN cjal-3230 426 8 's 's PART cjal-3230 426 9 policy policy NOUN cjal-3230 426 10 overshot overshot ADJ cjal-3230 426 11 , , PUNCT cjal-3230 426 12 or or CCONJ cjal-3230 426 13 , , PUNCT cjal-3230 426 14 put put VERB cjal-3230 426 15 another another DET cjal-3230 426 16 way way NOUN cjal-3230 426 17 , , PUNCT cjal-3230 426 18 was be AUX cjal-3230 426 19 too too ADV cjal-3230 426 20 successful successful ADJ cjal-3230 426 21 in in ADP cjal-3230 426 22 spurring spur VERB cjal-3230 426 23 post-1997 post-1997 ADJ cjal-3230 426 24 lending lending NOUN cjal-3230 426 25 and and CCONJ cjal-3230 426 26 investment investment NOUN cjal-3230 426 27 , , PUNCT cjal-3230 426 28 and and CCONJ cjal-3230 426 29 culminated culminate VERB cjal-3230 426 30 in in ADP cjal-3230 426 31 a a DET cjal-3230 426 32 perceived perceive VERB cjal-3230 426 33 need need NOUN cjal-3230 426 34 for for SCONJ cjal-3230 426 35 the the DET cjal-3230 426 36 government government NOUN cjal-3230 426 37 to to PART cjal-3230 426 38 act act VERB cjal-3230 426 39 again again ADV cjal-3230 426 40 to to PART cjal-3230 426 41 counter counter VERB cjal-3230 426 42 its its PRON cjal-3230 426 43 efforts effort NOUN cjal-3230 426 44 made make VERB cjal-3230 426 45 approximately approximately ADV cjal-3230 426 46 six six NUM cjal-3230 426 47 years year NOUN cjal-3230 426 48 earlier early ADV cjal-3230 426 49 . . PUNCT cjal-3230 427 1 thus thus ADV cjal-3230 427 2 , , PUNCT cjal-3230 427 3 if if SCONJ cjal-3230 427 4 the the DET cjal-3230 427 5 policies policy NOUN cjal-3230 427 6 created create VERB cjal-3230 427 7 in in ADP cjal-3230 427 8 post-1997 post-1997 ADJ cjal-3230 427 9 ' ' PUNCT cjal-3230 427 10 0 0 NUM cjal-3230 427 11 created create VERB cjal-3230 427 12 this this DET cjal-3230 427 13 unforeseen unforeseen ADJ cjal-3230 427 14 problem problem NOUN cjal-3230 427 15 , , PUNCT cjal-3230 427 16 then then ADV cjal-3230 427 17 the the DET cjal-3230 427 18 potential potential NOUN cjal-3230 427 19 exists exist VERB cjal-3230 427 20 that that SCONJ cjal-3230 427 21 perhaps perhaps ADV cjal-3230 427 22 other other ADJ cjal-3230 427 23 unforeseen unforeseen ADJ cjal-3230 427 24 problems problem NOUN cjal-3230 427 25 will will AUX cjal-3230 427 26 occur occur VERB cjal-3230 427 27 as as ADP cjal-3230 427 28 a a DET cjal-3230 427 29 result result NOUN cjal-3230 427 30 of of ADP cjal-3230 427 31 the the DET cjal-3230 427 32 antispeculation antispeculation NOUN cjal-3230 427 33 laws law NOUN cjal-3230 427 34 . . PUNCT cjal-3230 428 1 another another DET cjal-3230 428 2 issue issue NOUN cjal-3230 428 3 that that PRON cjal-3230 428 4 arises arises AUX cjal-3230 428 5 given give VERB cjal-3230 428 6 this this PRON cjal-3230 428 7 is be AUX cjal-3230 428 8 , , PUNCT cjal-3230 428 9 why why SCONJ cjal-3230 428 10 does do AUX cjal-3230 428 11 the the DET cjal-3230 428 12 government government NOUN cjal-3230 428 13 feel feel VERB cjal-3230 428 14 compelled compel VERB cjal-3230 428 15 to to PART cjal-3230 428 16 act act VERB cjal-3230 428 17 now now ADV cjal-3230 428 18 , , PUNCT cjal-3230 428 19 rather rather ADV cjal-3230 428 20 than than ADP cjal-3230 428 21 before before ADV cjal-3230 428 22 or or CCONJ cjal-3230 428 23 later later ADV cjal-3230 428 24 ? ? PUNCT cjal-3230 429 1 more more ADV cjal-3230 429 2 specifically specifically ADV cjal-3230 429 3 , , PUNCT cjal-3230 429 4 the the DET cjal-3230 429 5 apparent apparent ADJ cjal-3230 429 6 korean korean ADJ cjal-3230 429 7 real real ADJ cjal-3230 429 8 estate estate NOUN cjal-3230 429 9 price price NOUN cjal-3230 429 10 elevation elevation NOUN cjal-3230 429 11 has have AUX cjal-3230 429 12 been be AUX cjal-3230 429 13 evident evident ADJ cjal-3230 429 14 for for ADP cjal-3230 429 15 thirteen thirteen NUM cjal-3230 429 16 years year NOUN cjal-3230 429 17 , , PUNCT cjal-3230 429 18 since since SCONJ cjal-3230 429 19 at at ADV cjal-3230 429 20 least least ADJ cjal-3230 429 21 1990 1990 NUM cjal-3230 429 22 . . PUNCT cjal-3230 430 1 since since SCONJ cjal-3230 430 2 net net ADJ cjal-3230 430 3 average average ADJ cjal-3230 430 4 price price NOUN cjal-3230 430 5 levels level NOUN cjal-3230 430 6 have have AUX cjal-3230 430 7 consistently consistently ADV cjal-3230 430 8 gone go VERB cjal-3230 430 9 up up ADP cjal-3230 430 10 , , PUNCT cjal-3230 430 11 then then ADV cjal-3230 430 12 perhaps perhaps ADV cjal-3230 430 13 a a DET cjal-3230 430 14 strong strong ADJ cjal-3230 430 15 likelihood likelihood NOUN cjal-3230 430 16 also also ADV cjal-3230 430 17 exists exist VERB cjal-3230 430 18 that that SCONJ cjal-3230 430 19 the the DET cjal-3230 430 20 current current ADJ cjal-3230 430 21 prices price NOUN cjal-3230 430 22 reflect reflect VERB cjal-3230 430 23 true true ADJ cjal-3230 430 24 market market NOUN cjal-3230 430 25 levels level NOUN cjal-3230 430 26 . . PUNCT cjal-3230 430 27 ' ' PUNCT cjal-3230 431 1 0 0 NUM cjal-3230 431 2 ' ' PUNCT cjal-3230 431 3 the the DET cjal-3230 431 4 mere mere ADJ cjal-3230 431 5 fact fact NOUN cjal-3230 431 6 that that SCONJ cjal-3230 431 7 prices price NOUN cjal-3230 431 8 increase increase VERB cjal-3230 431 9 , , PUNCT cjal-3230 431 10 even even ADV cjal-3230 431 11 dramatically dramatically ADV cjal-3230 431 12 , , PUNCT cjal-3230 431 13 does do AUX cjal-3230 431 14 not not PART cjal-3230 431 15 always always ADV cjal-3230 431 16 mean mean VERB cjal-3230 431 17 that that SCONJ cjal-3230 431 18 prices price NOUN cjal-3230 431 19 are be AUX cjal-3230 431 20 96 96 NUM cjal-3230 431 21 see see NOUN cjal-3230 431 22 generally generally ADV cjal-3230 431 23 , , PUNCT cjal-3230 431 24 seo seo NOUN cjal-3230 431 25 . . PUNCT cjal-3230 432 1 9 9 NUM cjal-3230 432 2 ' ' PUNCT cjal-3230 432 3 i i PRON cjal-3230 432 4 d. d. PROPN cjal-3230 432 5 housing housing NOUN cjal-3230 432 6 prices price NOUN cjal-3230 432 7 in in ADP cjal-3230 432 8 the the DET cjal-3230 432 9 area area NOUN cjal-3230 432 10 of of ADP cjal-3230 432 11 yongsan yongsan PROPN cjal-3230 432 12 - - PUNCT cjal-3230 432 13 gu gu NOUN cjal-3230 432 14 increased increase VERB cjal-3230 432 15 50 50 NUM cjal-3230 432 16 % % NOUN cjal-3230 432 17 from from ADP cjal-3230 432 18 1990 1990 NUM cjal-3230 432 19 - - SYM cjal-3230 432 20 99 99 NUM cjal-3230 432 21 . . PUNCT cjal-3230 433 1 i i PRON cjal-3230 433 2 d. d. PROPN cjal-3230 433 3 98 98 NUM cjal-3230 434 1 i i PRON cjal-3230 434 2 d. d. PROPN cjal-3230 434 3 during during ADP cjal-3230 434 4 2000 2000 NUM cjal-3230 434 5 - - SYM cjal-3230 434 6 03 03 NUM cjal-3230 434 7 , , PUNCT cjal-3230 434 8 relevant relevant ADJ cjal-3230 434 9 costs cost NOUN cjal-3230 434 10 were be AUX cjal-3230 434 11 8.6 8.6 NUM cjal-3230 434 12 million million NUM cjal-3230 434 13 korean korean ADJ cjal-3230 434 14 won win VERB cjal-3230 434 15 per per ADP cjal-3230 434 16 pyeong pyeong NOUN cjal-3230 434 17 in in ADP cjal-3230 434 18 2000 2000 NUM cjal-3230 434 19 to to ADP cjal-3230 434 20 13.21 13.21 NUM cjal-3230 434 21 million million NUM cjal-3230 434 22 korean korean ADJ cjal-3230 434 23 won win VERB cjal-3230 434 24 per per ADP cjal-3230 434 25 pyeong pyeong NOUN cjal-3230 434 26 in in ADP cjal-3230 434 27 2003 2003 NUM cjal-3230 434 28 . . PUNCT cjal-3230 435 1 i i PRON cjal-3230 435 2 d. d. PROPN cjal-3230 435 3 99 99 NUM cjal-3230 436 1 i i PRON cjal-3230 436 2 d. d. PROPN cjal-3230 436 3 100 100 NUM cjal-3230 436 4 the the DET cjal-3230 436 5 korean korean ADJ cjal-3230 436 6 government government NOUN cjal-3230 436 7 began begin VERB cjal-3230 436 8 its its PRON cjal-3230 436 9 seventh seventh ADJ cjal-3230 436 10 five five NUM cjal-3230 436 11 - - PUNCT cjal-3230 436 12 year year NOUN cjal-3230 436 13 plan plan NOUN cjal-3230 436 14 for for ADP cjal-3230 436 15 economic economic ADJ cjal-3230 436 16 and and CCONJ cjal-3230 436 17 social social ADJ cjal-3230 436 18 development development NOUN cjal-3230 436 19 in in ADP cjal-3230 436 20 1992 1992 NUM cjal-3230 436 21 . . PUNCT cjal-3230 437 1 this this DET cjal-3230 437 2 plan plan NOUN cjal-3230 437 3 was be AUX cjal-3230 437 4 primarily primarily ADV cjal-3230 437 5 focused focus VERB cjal-3230 437 6 on on ADP cjal-3230 437 7 strengthening strengthen VERB cjal-3230 437 8 the the DET cjal-3230 437 9 economy economy NOUN cjal-3230 437 10 and and CCONJ cjal-3230 437 11 balance balance NOUN cjal-3230 437 12 of of ADP cjal-3230 437 13 distribution distribution NOUN cjal-3230 437 14 . . PUNCT cjal-3230 438 1 furthermore furthermore ADV cjal-3230 438 2 , , PUNCT cjal-3230 438 3 the the DET cjal-3230 438 4 government government NOUN cjal-3230 438 5 objective objective NOUN cjal-3230 438 6 was be AUX cjal-3230 438 7 to to PART cjal-3230 438 8 realize realize VERB cjal-3230 438 9 a a DET cjal-3230 438 10 gross gross ADJ cjal-3230 438 11 national national ADJ cjal-3230 438 12 income income NOUN cjal-3230 438 13 ( ( PUNCT cjal-3230 438 14 gni gni NOUN cjal-3230 438 15 ) ) PUNCT cjal-3230 438 16 per per ADP cjal-3230 438 17 capital capital NOUN cjal-3230 438 18 of of ADP cjal-3230 438 19 10,000 10,000 NUM cjal-3230 438 20 usd usd NOUN cjal-3230 438 21 , , PUNCT cjal-3230 438 22 and and CCONJ cjal-3230 438 23 to to PART cjal-3230 438 24 become become VERB cjal-3230 438 25 a a DET cjal-3230 438 26 member member NOUN cjal-3230 438 27 of of ADP cjal-3230 438 28 oecd oecd PROPN cjal-3230 438 29 by by ADP cjal-3230 438 30 the the DET cjal-3230 438 31 end end NOUN cjal-3230 438 32 of of ADP cjal-3230 438 33 this this DET cjal-3230 438 34 five five NUM cjal-3230 438 35 - - PUNCT cjal-3230 438 36 year year NOUN cjal-3230 438 37 plan plan NOUN cjal-3230 438 38 ( ( PUNCT cjal-3230 438 39 i.e. i.e. X cjal-3230 438 40 , , PUNCT cjal-3230 438 41 by by ADP cjal-3230 438 42 1997 1997 NUM cjal-3230 438 43 ) ) PUNCT cjal-3230 438 44 . . PUNCT cjal-3230 439 1 to to PART cjal-3230 439 2 fulfill fulfill VERB cjal-3230 439 3 these these DET cjal-3230 439 4 development development NOUN cjal-3230 439 5 plans plan NOUN cjal-3230 439 6 , , PUNCT cjal-3230 439 7 the the DET cjal-3230 439 8 korean korean ADJ cjal-3230 439 9 government government NOUN cjal-3230 439 10 initiated initiate VERB cjal-3230 439 11 banking banking NOUN cjal-3230 439 12 and and CCONJ cjal-3230 439 13 financial financial ADJ cjal-3230 439 14 sector sector NOUN cjal-3230 439 15 deregulation deregulation NOUN cjal-3230 439 16 . . PUNCT cjal-3230 440 1 by by ADP cjal-3230 440 2 doing do VERB cjal-3230 440 3 this this PRON cjal-3230 440 4 , , PUNCT cjal-3230 440 5 the the DET cjal-3230 440 6 korean korean ADJ cjal-3230 440 7 government government NOUN cjal-3230 440 8 hoped hope VERB cjal-3230 440 9 to to PART cjal-3230 440 10 attract attract VERB cjal-3230 440 11 foreign foreign ADJ cjal-3230 440 12 investors investor NOUN cjal-3230 440 13 and and CCONJ cjal-3230 440 14 increase increase VERB cjal-3230 440 15 market market NOUN cjal-3230 440 16 transparency transparency NOUN cjal-3230 440 17 . . PUNCT cjal-3230 441 1 see see VERB cjal-3230 441 2 myung myung PROPN cjal-3230 441 3 - - PUNCT cjal-3230 441 4 kyu kyu PROPN cjal-3230 441 5 lee lee PROPN cjal-3230 441 6 , , PUNCT cjal-3230 441 7 tj3 tj3 X cjal-3230 441 8 af af NOUN cjal-3230 441 9 ] ] X cjal-3230 441 10 o o NOUN cjal-3230 441 11 1 1 NUM cjal-3230 441 12 understanding understanding NOUN cjal-3230 441 13 on on ADP cjal-3230 441 14 korean korean ADJ cjal-3230 441 15 economy economy NOUN cjal-3230 441 16 , , PUNCT cjal-3230 441 17 119 119 NUM cjal-3230 441 18 - - SYM cjal-3230 441 19 123 123 NUM cjal-3230 441 20 ( ( PUNCT cjal-3230 441 21 bup bup PROPN cjal-3230 441 22 - - PUNCT cjal-3230 441 23 mun mun PROPN cjal-3230 441 24 - - PUNCT cjal-3230 441 25 sa sa PROPN cjal-3230 441 26 , , PUNCT cjal-3230 441 27 1997 1997 NUM cjal-3230 441 28 ) ) PUNCT cjal-3230 442 1 [ [ X cjal-3230 442 2 hereinafter hereinafter NOUN cjal-3230 442 3 lee lee PROPN cjal-3230 442 4 , , PUNCT cjal-3230 442 5 m.k m.k PROPN cjal-3230 442 6 . . PROPN cjal-3230 442 7 ] ] PUNCT cjal-3230 442 8 . . PUNCT cjal-3230 443 1 ' ' NUM cjal-3230 443 2 01 01 NUM cjal-3230 443 3 one one NUM cjal-3230 443 4 definition definition NOUN cjal-3230 443 5 of of ADP cjal-3230 443 6 an an DET cjal-3230 443 7 efficient efficient ADJ cjal-3230 443 8 market market NOUN cjal-3230 443 9 is be AUX cjal-3230 443 10 " " PUNCT cjal-3230 443 11 a a DET cjal-3230 443 12 market market NOUN cjal-3230 443 13 for for ADP cjal-3230 443 14 securities security NOUN cjal-3230 443 15 in in ADP cjal-3230 443 16 which which PRON cjal-3230 443 17 every every DET cjal-3230 443 18 security security NOUN cjal-3230 443 19 's 's PART cjal-3230 443 20 price price NOUN cjal-3230 443 21 equals equal VERB cjal-3230 443 22 its its PRON cjal-3230 443 23 investment investment NOUN cjal-3230 443 24 value value NOUN cjal-3230 443 25 at at ADP cjal-3230 443 26 all all DET cjal-3230 443 27 times time NOUN cjal-3230 443 28 , , PUNCT cjal-3230 443 29 implying imply VERB cjal-3230 443 30 that that SCONJ cjal-3230 443 31 a a DET cjal-3230 443 32 set set NOUN cjal-3230 443 33 of of ADP cjal-3230 443 34 information information NOUN cjal-3230 443 35 is be AUX cjal-3230 443 36 fully fully ADV cjal-3230 443 37 and and CCONJ cjal-3230 443 38 immediately immediately ADV cjal-3230 443 39 reflected reflect VERB cjal-3230 443 40 in in ADP cjal-3230 443 41 market market NOUN cjal-3230 443 42 prices price NOUN cjal-3230 443 43 . . PUNCT cjal-3230 443 44 " " PUNCT cjal-3230 444 1 see see VERB cjal-3230 444 2 william william PROPN cjal-3230 444 3 f. f. PROPN cjal-3230 444 4 sharpe sharpe PROPN cjal-3230 444 5 , , PUNCT cjal-3230 444 6 gordon gordon PROPN cjal-3230 444 7 j. j. PROPN cjal-3230 444 8 alexander alexander PROPN cjal-3230 444 9 , , PUNCT cjal-3230 444 10 jeffery jeffery PROPN cjal-3230 444 11 v. v. PROPN cjal-3230 444 12 bailey bailey PROPN cjal-3230 444 13 , , PUNCT cjal-3230 444 14 david david PROPN cjal-3230 444 15 j. j. PROPN cjal-3230 444 16 fowler fowler PROPN cjal-3230 444 17 , , PUNCT cjal-3230 444 18 and and CCONJ cjal-3230 444 19 dale dale PROPN cjal-3230 444 20 l. l. PROPN cjal-3230 444 21 domain domain PROPN cjal-3230 444 22 investments investment NOUN cjal-3230 444 23 87 87 NUM cjal-3230 444 24 ( ( PUNCT cjal-3230 444 25 prentice prentice NOUN cjal-3230 444 26 - - PUNCT cjal-3230 444 27 hall hall NOUN cjal-3230 444 28 , , PUNCT cjal-3230 444 29 2000 2000 NUM cjal-3230 444 30 3rd 3rd ADJ cjal-3230 444 31 canadian canadian ADJ cjal-3230 444 32 ed ed NOUN cjal-3230 444 33 . . PUNCT cjal-3230 444 34 ) ) PUNCT cjal-3230 445 1 [ [ X cjal-3230 445 2 hereinafter hereinafter NOUN cjal-3230 445 3 sharpe sharpe PROPN cjal-3230 445 4 , , PUNCT cjal-3230 445 5 alexander alexander PROPN cjal-3230 445 6 , , PUNCT cjal-3230 445 7 bailey bailey NOUN cjal-3230 445 8 , , PUNCT cjal-3230 445 9 and and CCONJ cjal-3230 445 10 domain domain NOUN cjal-3230 445 11 ] ] PUNCT cjal-3230 445 12 . . PUNCT cjal-3230 446 1 therefore therefore ADV cjal-3230 446 2 , , PUNCT cjal-3230 446 3 if if SCONJ cjal-3230 446 4 efficient efficient ADJ cjal-3230 446 5 markets market NOUN cjal-3230 446 6 exist exist VERB cjal-3230 446 7 , , PUNCT cjal-3230 446 8 then then ADV cjal-3230 446 9 the the DET cjal-3230 446 10 current current ADJ cjal-3230 446 11 prices price NOUN cjal-3230 446 12 reflect reflect VERB cjal-3230 446 13 true true ADJ cjal-3230 446 14 market market NOUN cjal-3230 446 15 levels level NOUN cjal-3230 446 16 . . PUNCT cjal-3230 447 1 i i PRON cjal-3230 447 2 d. d. PROPN cjal-3230 447 3 2004 2004 NUM cjal-3230 447 4 ] ] PUNCT cjal-3230 447 5 columbia columbia PROPN cjal-3230 447 6 journal journal PROPN cjal-3230 447 7 of of ADP cjal-3230 447 8 asian asian ADJ cjal-3230 447 9 law law NOUN cjal-3230 447 10 overvalued overvalue VERB cjal-3230 447 11 . . PUNCT cjal-3230 448 1 new new ADJ cjal-3230 448 2 optimism optimism NOUN cjal-3230 448 3 could could AUX cjal-3230 448 4 exist exist VERB cjal-3230 448 5 regarding regard VERB cjal-3230 448 6 real real ADJ cjal-3230 448 7 estate estate NOUN cjal-3230 448 8 investment investment NOUN cjal-3230 448 9 , , PUNCT cjal-3230 448 10 or or CCONJ cjal-3230 448 11 perhaps perhaps ADV cjal-3230 448 12 prices price NOUN cjal-3230 448 13 were be AUX cjal-3230 448 14 simply simply ADV cjal-3230 448 15 undervalued undervalue VERB cjal-3230 448 16 before before ADV cjal-3230 448 17 . . PUNCT cjal-3230 449 1 and and CCONJ cjal-3230 449 2 even even ADV cjal-3230 449 3 assuming assume VERB cjal-3230 449 4 the the DET cjal-3230 449 5 current current ADJ cjal-3230 449 6 price price NOUN cjal-3230 449 7 levels level NOUN cjal-3230 449 8 are be AUX cjal-3230 449 9 overvalued overvalue VERB cjal-3230 449 10 , , PUNCT cjal-3230 449 11 and and CCONJ cjal-3230 449 12 assuming assume VERB cjal-3230 449 13 that that SCONJ cjal-3230 449 14 a a DET cjal-3230 449 15 bubble bubble NOUN cjal-3230 449 16 burst burst NOUN cjal-3230 449 17 scenario scenario NOUN cjal-3230 449 18 occurs occur VERB cjal-3230 449 19 , , PUNCT cjal-3230 449 20 few few ADJ cjal-3230 449 21 can can AUX cjal-3230 449 22 be be AUX cjal-3230 449 23 fully fully ADV cjal-3230 449 24 confident confident ADJ cjal-3230 449 25 that that SCONJ cjal-3230 449 26 the the DET cjal-3230 449 27 net net ADJ cjal-3230 449 28 negative negative ADJ cjal-3230 449 29 effects effect NOUN cjal-3230 449 30 will will AUX cjal-3230 449 31 surely surely ADV cjal-3230 449 32 outweigh outweigh VERB cjal-3230 449 33 the the DET cjal-3230 449 34 net net ADJ cjal-3230 449 35 positives positive NOUN cjal-3230 449 36 from from ADP cjal-3230 449 37 the the DET cjal-3230 449 38 decade decade NOUN cjal-3230 449 39 - - PUNCT cjal-3230 449 40 long long ADJ cjal-3230 449 41 real real ADJ cjal-3230 449 42 estate estate NOUN cjal-3230 449 43 bull bull NOUN cjal-3230 449 44 run run NOUN cjal-3230 449 45 since since SCONJ cjal-3230 449 46 the the DET cjal-3230 449 47 1990s 1990s NUM cjal-3230 449 48 . . PUNCT cjal-3230 450 1 if if SCONJ cjal-3230 450 2 the the DET cjal-3230 450 3 variables variable NOUN cjal-3230 450 4 are be AUX cjal-3230 450 5 too too ADV cjal-3230 450 6 complex complex ADJ cjal-3230 450 7 and and CCONJ cjal-3230 450 8 too too ADV cjal-3230 450 9 unknown unknown ADJ cjal-3230 450 10 for for ADP cjal-3230 450 11 quantifiable quantifiable ADJ cjal-3230 450 12 certainty certainty NOUN cjal-3230 450 13 , , PUNCT cjal-3230 450 14 then then ADV cjal-3230 450 15 the the DET cjal-3230 450 16 risks risk NOUN cjal-3230 450 17 of of ADP cjal-3230 450 18 impeding impede VERB cjal-3230 450 19 into into ADP cjal-3230 450 20 the the DET cjal-3230 450 21 markets market NOUN cjal-3230 450 22 can can AUX cjal-3230 450 23 be be AUX cjal-3230 450 24 greater great ADJ cjal-3230 450 25 than than ADP cjal-3230 450 26 its its PRON cjal-3230 450 27 benefits benefit NOUN cjal-3230 450 28 . . PUNCT cjal-3230 450 29 ' ' PUNCT cjal-3230 451 1 2 2 NUM cjal-3230 451 2 2 2 NUM cjal-3230 451 3 . . PUNCT cjal-3230 452 1 such such ADJ cjal-3230 452 2 residential residential ADJ cjal-3230 452 3 real real ADJ cjal-3230 452 4 estate estate NOUN cjal-3230 452 5 prices price NOUN cjal-3230 452 6 warrant warrant VERB cjal-3230 452 7 enough enough ADV cjal-3230 452 8 of of ADP cjal-3230 452 9 an an DET cjal-3230 452 10 overvaluation overvaluation NOUN cjal-3230 452 11 to to PART cjal-3230 452 12 constitute constitute VERB cjal-3230 452 13 a a DET cjal-3230 452 14 " " PUNCT cjal-3230 452 15 bubble bubble NOUN cjal-3230 452 16 " " PUNCT cjal-3230 452 17 scenario scenario NOUN cjal-3230 452 18 . . PUNCT cjal-3230 453 1 the the DET cjal-3230 453 2 terms term NOUN cjal-3230 453 3 " " PUNCT cjal-3230 453 4 bubble bubble NOUN cjal-3230 453 5 " " PUNCT cjal-3230 453 6 and and CCONJ cjal-3230 453 7 " " PUNCT cjal-3230 453 8 speculation speculation NOUN cjal-3230 453 9 " " PUNCT cjal-3230 453 10 '' '' PUNCT cjal-3230 453 11 3 3 NUM cjal-3230 453 12 are be AUX cjal-3230 453 13 by by ADP cjal-3230 453 14 definition definition NOUN cjal-3230 453 15 difficult difficult ADJ cjal-3230 453 16 to to PART cjal-3230 453 17 quantify quantify VERB cjal-3230 453 18 and and CCONJ cjal-3230 453 19 are be AUX cjal-3230 453 20 therefore therefore ADV cjal-3230 453 21 easily easily ADV cjal-3230 453 22 subject subject ADJ cjal-3230 453 23 to to ADP cjal-3230 453 24 non non ADJ cjal-3230 453 25 - - ADJ cjal-3230 453 26 verifiable verifiable ADJ cjal-3230 453 27 and and CCONJ cjal-3230 453 28 even even ADV cjal-3230 453 29 biased biased ADJ cjal-3230 453 30 summations summation NOUN cjal-3230 453 31 and/or and/or CCONJ cjal-3230 453 32 conclusions conclusion NOUN cjal-3230 453 33 . . PUNCT cjal-3230 454 1 for for ADP cjal-3230 454 2 example example NOUN cjal-3230 454 3 , , PUNCT cjal-3230 454 4 one one NUM cjal-3230 454 5 definition definition NOUN cjal-3230 454 6 of of ADP cjal-3230 454 7 " " PUNCT cjal-3230 454 8 bubble bubble NOUN cjal-3230 454 9 " " PUNCT cjal-3230 454 10 is be AUX cjal-3230 454 11 " " PUNCT cjal-3230 454 12 the the DET cjal-3230 454 13 belief belief NOUN cjal-3230 454 14 that that SCONJ cjal-3230 454 15 prices price NOUN cjal-3230 454 16 occasionally occasionally ADV cjal-3230 454 17 rise rise VERB cjal-3230 454 18 well well ADV cjal-3230 454 19 above above ADP cjal-3230 454 20 their their PRON cjal-3230 454 21 fundamental fundamental ADJ cjal-3230 454 22 values value NOUN cjal-3230 454 23 until until ADP cjal-3230 454 24 at at ADP cjal-3230 454 25 some some DET cjal-3230 454 26 point point NOUN cjal-3230 454 27 the the DET cjal-3230 454 28 ' ' PUNCT cjal-3230 454 29 bubble bubble NOUN cjal-3230 454 30 ' ' PUNCT cjal-3230 454 31 bursts burst NOUN cjal-3230 454 32 and and CCONJ cjal-3230 454 33 the the DET cjal-3230 454 34 price price NOUN cjal-3230 454 35 drops drop VERB cjal-3230 454 36 quickly quickly ADV cjal-3230 454 37 . . PUNCT cjal-3230 454 38 " " PUNCT cjal-3230 454 39 '' '' PUNCT cjal-3230 454 40 " " PUNCT cjal-3230 454 41 but but CCONJ cjal-3230 454 42 again again ADV cjal-3230 454 43 , , PUNCT cjal-3230 454 44 how how SCONJ cjal-3230 454 45 does do AUX cjal-3230 454 46 one one NUM cjal-3230 454 47 measure measure VERB cjal-3230 454 48 the the DET cjal-3230 454 49 disparity disparity NOUN cjal-3230 454 50 , , PUNCT cjal-3230 454 51 if if SCONJ cjal-3230 454 52 any any PRON cjal-3230 454 53 , , PUNCT cjal-3230 454 54 between between ADP cjal-3230 454 55 the the DET cjal-3230 454 56 " " PUNCT cjal-3230 454 57 fundamental fundamental ADJ cjal-3230 454 58 values value NOUN cjal-3230 454 59 " " PUNCT cjal-3230 454 60 and and CCONJ cjal-3230 454 61 current current ADJ cjal-3230 454 62 market market NOUN cjal-3230 454 63 values value NOUN cjal-3230 454 64 , , PUNCT cjal-3230 454 65 and and CCONJ cjal-3230 454 66 how how SCONJ cjal-3230 454 67 does do AUX cjal-3230 454 68 one one PRON cjal-3230 454 69 quantify quantify VERB cjal-3230 454 70 with with ADP cjal-3230 454 71 certainty certainty NOUN cjal-3230 454 72 that that SCONJ cjal-3230 454 73 such such ADJ cjal-3230 454 74 levels level NOUN cjal-3230 454 75 " " PUNCT cjal-3230 454 76 occasionally occasionally ADV cjal-3230 454 77 rise rise VERB cjal-3230 454 78 well well ADV cjal-3230 454 79 above above ADP cjal-3230 454 80 " " PUNCT cjal-3230 454 81 such such ADJ cjal-3230 454 82 " " PUNCT cjal-3230 454 83 fundamental fundamental ADJ cjal-3230 454 84 values value NOUN cjal-3230 454 85 " " PUNCT cjal-3230 454 86 ? ? PUNCT cjal-3230 455 1 for for ADP cjal-3230 455 2 clarity clarity NOUN cjal-3230 455 3 , , PUNCT cjal-3230 455 4 any any DET cjal-3230 455 5 viable viable ADJ cjal-3230 455 6 answer answer NOUN cjal-3230 455 7 to to ADP cjal-3230 455 8 this this DET cjal-3230 455 9 question question NOUN cjal-3230 455 10 should should AUX cjal-3230 455 11 be be AUX cjal-3230 455 12 separate separate ADJ cjal-3230 455 13 from from ADP cjal-3230 455 14 the the DET cjal-3230 455 15 issue issue NOUN cjal-3230 455 16 of of ADP cjal-3230 455 17 whether whether SCONJ cjal-3230 455 18 the the DET cjal-3230 455 19 government government NOUN cjal-3230 455 20 should should AUX cjal-3230 455 21 be be AUX cjal-3230 455 22 involved involve VERB cjal-3230 455 23 in in ADP cjal-3230 455 24 such such ADJ cjal-3230 455 25 activity activity NOUN cjal-3230 455 26 , , PUNCT cjal-3230 455 27 and and CCONJ cjal-3230 455 28 even even ADV cjal-3230 455 29 assuming assume VERB cjal-3230 455 30 that that SCONJ cjal-3230 455 31 the the DET cjal-3230 455 32 government government NOUN cjal-3230 455 33 should should AUX cjal-3230 455 34 be be AUX cjal-3230 455 35 involved involve VERB cjal-3230 455 36 in in ADP cjal-3230 455 37 such such ADJ cjal-3230 455 38 activity activity NOUN cjal-3230 455 39 , , PUNCT cjal-3230 455 40 what what DET cjal-3230 455 41 exact exact ADJ cjal-3230 455 42 approach approach NOUN cjal-3230 455 43 relating relate VERB cjal-3230 455 44 to to ADP cjal-3230 455 45 the the DET cjal-3230 455 46 perceived perceive VERB cjal-3230 455 47 bubble bubble NOUN cjal-3230 455 48 should should AUX cjal-3230 455 49 be be AUX cjal-3230 455 50 taken take VERB cjal-3230 455 51 ( ( PUNCT cjal-3230 455 52 i.e. i.e. X cjal-3230 455 53 , , PUNCT cjal-3230 455 54 artificially artificially ADV cjal-3230 455 55 deflate deflate VERB cjal-3230 455 56 the the DET cjal-3230 455 57 bubble bubble NOUN cjal-3230 455 58 or or CCONJ cjal-3230 455 59 merely merely ADV cjal-3230 455 60 address address VERB cjal-3230 455 61 the the DET cjal-3230 455 62 possible possible ADJ cjal-3230 455 63 consequences consequence NOUN cjal-3230 455 64 in in ADP cjal-3230 455 65 the the DET cjal-3230 455 66 event event NOUN cjal-3230 455 67 of of ADP cjal-3230 455 68 a a DET cjal-3230 455 69 moderate moderate ADJ cjal-3230 455 70 to to PART cjal-3230 455 71 sudden sudden ADJ cjal-3230 455 72 decline decline NOUN cjal-3230 455 73 in in ADP cjal-3230 455 74 real real ADJ cjal-3230 455 75 estate estate NOUN cjal-3230 455 76 prices).'0 prices).'0 NOUN cjal-3230 455 77 5 5 NUM cjal-3230 455 78 to to PART cjal-3230 455 79 continue continue VERB cjal-3230 455 80 the the DET cjal-3230 455 81 analysis analysis NOUN cjal-3230 455 82 , , PUNCT cjal-3230 455 83 one one NUM cjal-3230 455 84 definition definition NOUN cjal-3230 455 85 of of ADP cjal-3230 455 86 " " PUNCT cjal-3230 455 87 speculation speculation NOUN cjal-3230 455 88 " " PUNCT cjal-3230 455 89 is be AUX cjal-3230 455 90 102 102 NUM cjal-3230 455 91 robert robert PROPN cjal-3230 455 92 e. e. PROPN cjal-3230 455 93 rubin rubin PROPN cjal-3230 455 94 , , PUNCT cjal-3230 455 95 in in ADP cjal-3230 455 96 an an DET cjal-3230 455 97 uncertain uncertain ADJ cjal-3230 455 98 world world NOUN cjal-3230 455 99 : : PUNCT cjal-3230 455 100 tough tough ADJ cjal-3230 455 101 choices choice NOUN cjal-3230 455 102 from from ADP cjal-3230 455 103 wall wall PROPN cjal-3230 455 104 street street PROPN cjal-3230 455 105 to to ADP cjal-3230 455 106 washington washington PROPN cjal-3230 455 107 80 80 NUM cjal-3230 455 108 ( ( PUNCT cjal-3230 455 109 random random ADJ cjal-3230 455 110 house house NOUN cjal-3230 455 111 2003 2003 NUM cjal-3230 455 112 ) ) PUNCT cjal-3230 455 113 . . PUNCT cjal-3230 456 1 in in ADP cjal-3230 456 2 his his PRON cjal-3230 456 3 book book NOUN cjal-3230 456 4 , , PUNCT cjal-3230 456 5 robert robert PROPN cjal-3230 456 6 rubin rubin PROPN cjal-3230 456 7 , , PUNCT cjal-3230 456 8 former former ADJ cjal-3230 456 9 u.s u.s PROPN cjal-3230 456 10 . . PROPN cjal-3230 456 11 treasury treasury PROPN cjal-3230 456 12 secretary secretary PROPN cjal-3230 456 13 ( ( PUNCT cjal-3230 456 14 1995 1995 NUM cjal-3230 456 15 - - SYM cjal-3230 456 16 99 99 NUM cjal-3230 456 17 ) ) PUNCT cjal-3230 456 18 under under ADP cjal-3230 456 19 president president PROPN cjal-3230 456 20 bill bill PROPN cjal-3230 456 21 clinton clinton PROPN cjal-3230 456 22 ( ( PUNCT cjal-3230 456 23 1992 1992 NUM cjal-3230 456 24 - - SYM cjal-3230 456 25 2000 2000 NUM cjal-3230 456 26 ) ) PUNCT cjal-3230 456 27 and and CCONJ cjal-3230 456 28 former former ADJ cjal-3230 456 29 co co NOUN cjal-3230 456 30 - - NOUN cjal-3230 456 31 chairman chairman NOUN cjal-3230 456 32 of of ADP cjal-3230 456 33 the the DET cjal-3230 456 34 investment investment NOUN cjal-3230 456 35 bank bank PROPN cjal-3230 456 36 of of ADP cjal-3230 456 37 goldman goldman PROPN cjal-3230 456 38 sachs sachs PROPN cjal-3230 456 39 , , PUNCT cjal-3230 456 40 stated state VERB cjal-3230 456 41 , , PUNCT cjal-3230 456 42 " " PUNCT cjal-3230 456 43 i i PRON cjal-3230 456 44 formed form VERB cjal-3230 456 45 both both CCONJ cjal-3230 456 46 an an DET cjal-3230 456 47 appreciation appreciation NOUN cjal-3230 456 48 for for ADP cjal-3230 456 49 and and CCONJ cjal-3230 456 50 a a DET cjal-3230 456 51 skepticism skepticism NOUN cjal-3230 456 52 about about ADP cjal-3230 456 53 [ [ X cjal-3230 456 54 mathematical mathematical ADJ cjal-3230 456 55 financial financial ADJ cjal-3230 456 56 ] ] PUNCT cjal-3230 456 57 models model NOUN cjal-3230 456 58 that that PRON cjal-3230 456 59 i i PRON cjal-3230 456 60 have have VERB cjal-3230 456 61 to to ADP cjal-3230 456 62 this this DET cjal-3230 456 63 day day NOUN cjal-3230 456 64 . . PUNCT cjal-3230 457 1 financial financial ADJ cjal-3230 457 2 models model NOUN cjal-3230 457 3 are be AUX cjal-3230 457 4 useful useful ADJ cjal-3230 457 5 tools tool NOUN cjal-3230 457 6 . . PUNCT cjal-3230 458 1 but but CCONJ cjal-3230 458 2 they they PRON cjal-3230 458 3 can can AUX cjal-3230 458 4 also also ADV cjal-3230 458 5 be be AUX cjal-3230 458 6 dangerous dangerous ADJ cjal-3230 458 7 because because SCONJ cjal-3230 458 8 reality reality NOUN cjal-3230 458 9 is be AUX cjal-3230 458 10 always always ADV cjal-3230 458 11 more more ADV cjal-3230 458 12 complex complex ADJ cjal-3230 458 13 than than ADP cjal-3230 458 14 models model NOUN cjal-3230 458 15 . . PUNCT cjal-3230 458 16 " " PUNCT cjal-3230 459 1 i i PRON cjal-3230 459 2 d. d. PROPN cjal-3230 459 3 103 103 NUM cjal-3230 459 4 according accord VERB cjal-3230 459 5 to to ADP cjal-3230 459 6 the the DET cjal-3230 459 7 american american PROPN cjal-3230 459 8 institute institute PROPN cjal-3230 459 9 of of ADP cjal-3230 459 10 real real ADJ cjal-3230 459 11 estate estate NOUN cjal-3230 459 12 appraisers appraiser NOUN cjal-3230 459 13 ( ( PUNCT cjal-3230 459 14 airea airea PROPN cjal-3230 459 15 ) ) PUNCT cjal-3230 459 16 , , PUNCT cjal-3230 459 17 real real ADJ cjal-3230 459 18 estate estate NOUN cjal-3230 459 19 speculation speculation NOUN cjal-3230 459 20 is be AUX cjal-3230 459 21 defined define VERB cjal-3230 459 22 as as ADP cjal-3230 459 23 " " PUNCT cjal-3230 459 24 to to PART cjal-3230 459 25 gain gain VERB cjal-3230 459 26 profit profit NOUN cjal-3230 459 27 from from ADP cjal-3230 459 28 the the DET cjal-3230 459 29 investment investment NOUN cjal-3230 459 30 on on ADP cjal-3230 459 31 real real ADJ cjal-3230 459 32 estate estate NOUN cjal-3230 459 33 and and CCONJ cjal-3230 459 34 the the DET cjal-3230 459 35 return return NOUN cjal-3230 459 36 of of ADP cjal-3230 459 37 the the DET cjal-3230 459 38 principal principal NOUN cjal-3230 459 39 , , PUNCT cjal-3230 459 40 and and CCONJ cjal-3230 459 41 also also ADV cjal-3230 459 42 to to PART cjal-3230 459 43 produce produce VERB cjal-3230 459 44 the the DET cjal-3230 459 45 capital capital NOUN cjal-3230 459 46 gain gain NOUN cjal-3230 459 47 from from ADP cjal-3230 459 48 the the DET cjal-3230 459 49 trade trade NOUN cjal-3230 459 50 " " PUNCT cjal-3230 459 51 see see VERB cjal-3230 459 52 lee lee PROPN cjal-3230 459 53 , , PUNCT cjal-3230 459 54 r.y.at r.y.at VERB cjal-3230 459 55 194 194 NUM cjal-3230 459 56 " " PUNCT cjal-3230 459 57 0 0 NUM cjal-3230 459 58 see see VERB cjal-3230 459 59 generally generally ADV cjal-3230 459 60 , , PUNCT cjal-3230 459 61 investorwords investorword NOUN cjal-3230 459 62 , , PUNCT cjal-3230 459 63 available available ADJ cjal-3230 459 64 at at ADP cjal-3230 459 65 http://www.investorwords.com/4643/speculation.html http://www.investorwords.com/4643/speculation.html PROPN cjal-3230 459 66 . . PUNCT cjal-3230 460 1 ' ' PUNCT cjal-3230 460 2 0 0 NUM cjal-3230 460 3 ' ' PUNCT cjal-3230 460 4 on on ADP cjal-3230 460 5 april april PROPN cjal-3230 460 6 4 4 NUM cjal-3230 460 7 t t PROPN cjal-3230 460 8 1990 1990 NUM cjal-3230 460 9 , , PUNCT cjal-3230 460 10 the the DET cjal-3230 460 11 korean korean ADJ cjal-3230 460 12 government government NOUN cjal-3230 460 13 announced announce VERB cjal-3230 460 14 the the DET cjal-3230 460 15 proposal proposal NOUN cjal-3230 460 16 of of ADP cjal-3230 460 17 revitalization revitalization NOUN cjal-3230 460 18 on on ADP cjal-3230 460 19 economy economy NOUN cjal-3230 460 20 . . PUNCT cjal-3230 461 1 about about ADV cjal-3230 461 2 a a DET cjal-3230 461 3 month month NOUN cjal-3230 461 4 later later ADV cjal-3230 461 5 on on ADV cjal-3230 461 6 may may PROPN cjal-3230 461 7 8 8 NUM cjal-3230 461 8 " " PUNCT cjal-3230 461 9 ' ' PUNCT cjal-3230 461 10 , , PUNCT cjal-3230 461 11 the the DET cjal-3230 461 12 government government NOUN cjal-3230 461 13 revealed reveal VERB cjal-3230 461 14 the the DET cjal-3230 461 15 anti anti NOUN cjal-3230 461 16 - - NOUN cjal-3230 461 17 speculation speculation NOUN cjal-3230 461 18 on on ADP cjal-3230 461 19 real real ADJ cjal-3230 461 20 estate estate NOUN cjal-3230 461 21 . . PUNCT cjal-3230 462 1 the the DET cjal-3230 462 2 proposal proposal NOUN cjal-3230 462 3 mainly mainly ADV cjal-3230 462 4 regulated regulate VERB cjal-3230 462 5 the the DET cjal-3230 462 6 chaebol chaebol NOUN cjal-3230 462 7 's 's PART cjal-3230 462 8 property property NOUN cjal-3230 462 9 ownership ownership NOUN cjal-3230 462 10 , , PUNCT cjal-3230 462 11 and and CCONJ cjal-3230 462 12 the the DET cjal-3230 462 13 limitation limitation NOUN cjal-3230 462 14 on on ADP cjal-3230 462 15 excessive excessive ADJ cjal-3230 462 16 property property NOUN cjal-3230 462 17 holding holding NOUN cjal-3230 462 18 for for ADP cjal-3230 462 19 banking banking NOUN cjal-3230 462 20 and and CCONJ cjal-3230 462 21 financial financial ADJ cjal-3230 462 22 sectors sector NOUN cjal-3230 462 23 . . PUNCT cjal-3230 463 1 the the DET cjal-3230 463 2 korean korean ADJ cjal-3230 463 3 government government NOUN cjal-3230 463 4 initiated initiate VERB cjal-3230 463 5 this this DET cjal-3230 463 6 real real ADJ cjal-3230 463 7 estate estate NOUN cjal-3230 463 8 measurement measurement NOUN cjal-3230 463 9 predominantly predominantly ADV cjal-3230 463 10 to to PART cjal-3230 463 11 curb curb VERB cjal-3230 463 12 speculation speculation NOUN cjal-3230 463 13 during during ADP cjal-3230 463 14 that that DET cjal-3230 463 15 time time NOUN cjal-3230 463 16 period period NOUN cjal-3230 463 17 , , PUNCT cjal-3230 463 18 rather rather ADV cjal-3230 463 19 to to PART cjal-3230 463 20 provide provide VERB cjal-3230 463 21 balanced balanced ADJ cjal-3230 463 22 development development NOUN cjal-3230 463 23 on on ADP cjal-3230 463 24 territory territory NOUN cjal-3230 463 25 . . PUNCT cjal-3230 464 1 see see VERB cjal-3230 464 2 lee lee PROPN cjal-3230 464 3 , , PUNCT cjal-3230 464 4 m.k m.k PROPN cjal-3230 464 5 . . PUNCT cjal-3230 465 1 at at ADP cjal-3230 465 2 210 210 NUM cjal-3230 465 3 - - SYM cjal-3230 465 4 211 211 NUM cjal-3230 465 5 see see VERB cjal-3230 465 6 also also ADV cjal-3230 465 7 supra supra ADJ cjal-3230 465 8 note note NOUN cjal-3230 465 9 17 17 NUM cjal-3230 465 10 . . PUNCT cjal-3230 466 1 [ [ X cjal-3230 466 2 18:1 18:1 NUM cjal-3230 466 3 anti anti ADJ cjal-3230 466 4 - - ADJ cjal-3230 466 5 speculation speculation ADJ cjal-3230 466 6 laws law NOUN cjal-3230 466 7 and and CCONJ cjal-3230 466 8 their their PRON cjal-3230 466 9 impact impact NOUN cjal-3230 466 10 " " PUNCT cjal-3230 466 11 taking take VERB cjal-3230 466 12 large large ADJ cjal-3230 466 13 risks risk NOUN cjal-3230 466 14 , , PUNCT cjal-3230 466 15 especially especially ADV cjal-3230 466 16 with with ADP cjal-3230 466 17 respect respect NOUN cjal-3230 466 18 to to ADP cjal-3230 466 19 trying try VERB cjal-3230 466 20 to to PART cjal-3230 466 21 predict predict VERB cjal-3230 466 22 the the DET cjal-3230 466 23 future future NOUN cjal-3230 466 24 ; ; PUNCT cjal-3230 466 25 gambling gambling NOUN cjal-3230 466 26 , , PUNCT cjal-3230 466 27 in in ADP cjal-3230 466 28 the the DET cjal-3230 466 29 view view NOUN cjal-3230 466 30 of of ADP cjal-3230 466 31 realizing realize VERB cjal-3230 466 32 short short ADJ cjal-3230 466 33 - - PUNCT cjal-3230 466 34 term term NOUN cjal-3230 466 35 large large ADJ cjal-3230 466 36 gains gain NOUN cjal-3230 466 37 . . PUNCT cjal-3230 466 38 " " PUNCT cjal-3230 466 39 " " PUNCT cjal-3230 466 40 but but CCONJ cjal-3230 466 41 given give VERB cjal-3230 466 42 the the DET cjal-3230 466 43 analysis analysis NOUN cjal-3230 466 44 within within ADP cjal-3230 466 45 this this DET cjal-3230 466 46 paper paper NOUN cjal-3230 466 47 , , PUNCT cjal-3230 466 48 a a DET cjal-3230 466 49 mere mere ADJ cjal-3230 466 50 2 2 NUM cjal-3230 466 51 % % NOUN cjal-3230 466 52 of of ADP cjal-3230 466 53 respondents respondent NOUN cjal-3230 466 54 claimed claim VERB cjal-3230 466 55 that that SCONJ cjal-3230 466 56 investment investment NOUN cjal-3230 466 57 returns return NOUN cjal-3230 466 58 constituted constitute VERB cjal-3230 466 59 a a DET cjal-3230 466 60 motivating motivating NOUN cjal-3230 466 61 factor factor NOUN cjal-3230 466 62 in in ADP cjal-3230 466 63 deciding decide VERB cjal-3230 466 64 to to PART cjal-3230 466 65 purchase purchase VERB cjal-3230 466 66 real real ADJ cjal-3230 466 67 estate estate NOUN cjal-3230 466 68 property.0 property.0 NOUN cjal-3230 466 69 7 7 NUM cjal-3230 466 70 on on ADP cjal-3230 466 71 the the DET cjal-3230 466 72 contrary contrary NOUN cjal-3230 466 73 , , PUNCT cjal-3230 466 74 most most ADJ cjal-3230 466 75 investors investor NOUN cjal-3230 466 76 in in ADP cjal-3230 466 77 the the DET cjal-3230 466 78 kangnam kangnam PROPN cjal-3230 466 79 area area NOUN cjal-3230 466 80 chose choose VERB cjal-3230 466 81 education education NOUN cjal-3230 466 82 as as ADP cjal-3230 466 83 the the DET cjal-3230 466 84 primary primary ADJ cjal-3230 466 85 factor factor NOUN cjal-3230 466 86 to to PART cjal-3230 466 87 invest invest VERB cjal-3230 466 88 in in ADP cjal-3230 466 89 property property NOUN cjal-3230 466 90 . . PUNCT cjal-3230 467 1 given give VERB cjal-3230 467 2 this this PRON cjal-3230 467 3 , , PUNCT cjal-3230 467 4 neither neither CCONJ cjal-3230 467 5 " " PUNCT cjal-3230 467 6 gambling gambling NOUN cjal-3230 467 7 " " PUNCT cjal-3230 467 8 nor nor CCONJ cjal-3230 467 9 " " PUNCT cjal-3230 467 10 quick quick ADJ cjal-3230 467 11 " " PUNCT cjal-3230 467 12 gains gain NOUN cjal-3230 467 13 seem seem VERB cjal-3230 467 14 to to PART cjal-3230 467 15 factor factor VERB cjal-3230 467 16 neatly neatly ADV cjal-3230 467 17 into into ADP cjal-3230 467 18 the the DET cjal-3230 467 19 speculation speculation NOUN cjal-3230 467 20 equation equation NOUN cjal-3230 467 21 . . PUNCT cjal-3230 468 1 in in ADP cjal-3230 468 2 other other ADJ cjal-3230 468 3 words word NOUN cjal-3230 468 4 , , PUNCT cjal-3230 468 5 the the DET cjal-3230 468 6 majority majority NOUN cjal-3230 468 7 of of ADP cjal-3230 468 8 investors investor NOUN cjal-3230 468 9 are be AUX cjal-3230 468 10 investing invest VERB cjal-3230 468 11 for for ADP cjal-3230 468 12 the the DET cjal-3230 468 13 long long ADJ cjal-3230 468 14 - - PUNCT cjal-3230 468 15 term term NOUN cjal-3230 468 16 not not PART cjal-3230 468 17 short short ADJ cjal-3230 468 18 - - PUNCT cjal-3230 468 19 term term NOUN cjal-3230 468 20 , , PUNCT cjal-3230 468 21 and and CCONJ cjal-3230 468 22 not not PART cjal-3230 468 23 for for ADP cjal-3230 468 24 the the DET cjal-3230 468 25 financial financial ADJ cjal-3230 468 26 gain gain NOUN cjal-3230 468 27 , , PUNCT cjal-3230 468 28 but but CCONJ cjal-3230 468 29 instead instead ADV cjal-3230 468 30 , , PUNCT cjal-3230 468 31 for for ADP cjal-3230 468 32 the the DET cjal-3230 468 33 educational educational ADJ cjal-3230 468 34 benefits benefit NOUN cjal-3230 468 35 of of ADP cjal-3230 468 36 relocating relocate VERB cjal-3230 468 37 to to ADP cjal-3230 468 38 a a DET cjal-3230 468 39 new new ADJ cjal-3230 468 40 residential residential ADJ cjal-3230 468 41 area area NOUN cjal-3230 468 42 that that PRON cjal-3230 468 43 has have VERB cjal-3230 468 44 a a DET cjal-3230 468 45 reputation reputation NOUN cjal-3230 468 46 for for ADP cjal-3230 468 47 relatively relatively ADV cjal-3230 468 48 better well ADJ cjal-3230 468 49 educational educational ADJ cjal-3230 468 50 facilities facility NOUN cjal-3230 468 51 . . PUNCT cjal-3230 469 1 8 8 NUM cjal-3230 469 2 admittedly admittedly ADV cjal-3230 469 3 , , PUNCT cjal-3230 469 4 price price NOUN cjal-3230 469 5 levels level NOUN cjal-3230 469 6 in in ADP cjal-3230 469 7 seoul seoul PROPN cjal-3230 469 8 , , PUNCT cjal-3230 469 9 especially especially ADV cjal-3230 469 10 in in ADP cjal-3230 469 11 the the DET cjal-3230 469 12 kangnam kangnam PROPN cjal-3230 469 13 area area NOUN cjal-3230 469 14 , , PUNCT cjal-3230 469 15 increased increase VERB cjal-3230 469 16 in in ADP cjal-3230 469 17 the the DET cjal-3230 469 18 period period NOUN cjal-3230 469 19 from from ADP cjal-3230 469 20 1990 1990 NUM cjal-3230 469 21 to to ADP cjal-3230 469 22 , , PUNCT cjal-3230 469 23 but but CCONJ cjal-3230 469 24 excluding exclude VERB cjal-3230 469 25 , , PUNCT cjal-3230 469 26 october october PROPN cjal-3230 469 27 29 29 NUM cjal-3230 469 28 , , PUNCT cjal-3230 469 29 2003 2003 NUM cjal-3230 469 30 , , PUNCT cjal-3230 469 31 the the DET cjal-3230 469 32 date date NOUN cjal-3230 469 33 of of ADP cjal-3230 469 34 the the DET cjal-3230 469 35 anti anti ADJ cjal-3230 469 36 - - ADJ cjal-3230 469 37 speculation speculation ADJ cjal-3230 469 38 laws law NOUN cjal-3230 469 39 announcement announcement NOUN cjal-3230 469 40 . . PUNCT cjal-3230 470 1 but but CCONJ cjal-3230 470 2 perhaps perhaps ADV cjal-3230 470 3 the the DET cjal-3230 470 4 increase increase NOUN cjal-3230 470 5 in in ADP cjal-3230 470 6 prices price NOUN cjal-3230 470 7 during during ADP cjal-3230 470 8 this this DET cjal-3230 470 9 period period NOUN cjal-3230 470 10 is be AUX cjal-3230 470 11 due due ADJ cjal-3230 470 12 to to ADP cjal-3230 470 13 greater great ADJ cjal-3230 470 14 transparency transparency NOUN cjal-3230 470 15 in in ADP cjal-3230 470 16 all all PRON cjal-3230 470 17 of of ADP cjal-3230 470 18 korea korea PROPN cjal-3230 470 19 's 's PART cjal-3230 470 20 markets market NOUN cjal-3230 470 21 , , PUNCT cjal-3230 470 22 inspiring inspire VERB cjal-3230 470 23 foreign foreign ADJ cjal-3230 470 24 and and CCONJ cjal-3230 470 25 domestic domestic ADJ cjal-3230 470 26 investor investor NOUN cjal-3230 470 27 confidence confidence NOUN cjal-3230 470 28 . . PUNCT cjal-3230 471 1 since since SCONJ cjal-3230 471 2 1998 1998 NUM cjal-3230 471 3 , , PUNCT cjal-3230 471 4 korea korea PROPN cjal-3230 471 5 has have AUX cjal-3230 471 6 been be AUX cjal-3230 471 7 an an DET cjal-3230 471 8 engine engine NOUN cjal-3230 471 9 of of ADP cjal-3230 471 10 growth growth NOUN cjal-3230 471 11 for for ADP cjal-3230 471 12 the the DET cjal-3230 471 13 asia asia PROPN cjal-3230 471 14 - - PUNCT cjal-3230 471 15 pacific pacific PROPN cjal-3230 471 16 region region NOUN cjal-3230 471 17 for for ADP cjal-3230 471 18 many many ADJ cjal-3230 471 19 financial financial ADJ cjal-3230 471 20 institutions institution NOUN cjal-3230 471 21 and and CCONJ cjal-3230 471 22 corporations corporation NOUN cjal-3230 471 23 . . PUNCT cjal-3230 471 24 ' ' PUNCT cjal-3230 472 1 9 9 NUM cjal-3230 472 2 perhaps perhaps ADV cjal-3230 472 3 the the DET cjal-3230 472 4 series series NOUN cjal-3230 472 5 of of ADP cjal-3230 472 6 liberalization liberalization NOUN cjal-3230 472 7 laws law NOUN cjal-3230 472 8 enacted enact VERB cjal-3230 472 9 by by ADP cjal-3230 472 10 the the DET cjal-3230 472 11 korean korean ADJ cjal-3230 472 12 government government NOUN cjal-3230 472 13 after after ADP cjal-3230 472 14 the the DET cjal-3230 472 15 1997 1997 NUM cjal-3230 472 16 imf imf PROPN cjal-3230 472 17 crisis crisis NOUN cjal-3230 472 18 helped help VERB cjal-3230 472 19 to to PART cjal-3230 472 20 increase increase VERB cjal-3230 472 21 investor investor NOUN cjal-3230 472 22 participation participation NOUN cjal-3230 472 23 into into ADP cjal-3230 472 24 all all DET cjal-3230 472 25 the the DET cjal-3230 472 26 markets market NOUN cjal-3230 472 27 , , PUNCT cjal-3230 472 28 including include VERB cjal-3230 472 29 the the DET cjal-3230 472 30 real real ADJ cjal-3230 472 31 estate estate NOUN cjal-3230 472 32 markets market NOUN cjal-3230 472 33 . . PUNCT cjal-3230 473 1 "10 "10 PRON cjal-3230 473 2 if if SCONJ cjal-3230 473 3 this this PRON cjal-3230 473 4 is be AUX cjal-3230 473 5 the the DET cjal-3230 473 6 case case NOUN cjal-3230 473 7 , , PUNCT cjal-3230 473 8 then then ADV cjal-3230 473 9 the the DET cjal-3230 473 10 increase increase NOUN cjal-3230 473 11 we we PRON cjal-3230 473 12 see see VERB cjal-3230 473 13 in in ADP cjal-3230 473 14 the the DET cjal-3230 473 15 seoul seoul PROPN cjal-3230 473 16 residential residential ADJ cjal-3230 473 17 property property NOUN cjal-3230 473 18 prices price NOUN cjal-3230 473 19 may may AUX cjal-3230 473 20 represent represent VERB cjal-3230 473 21 a a DET cjal-3230 473 22 relatively relatively ADV cjal-3230 473 23 accurate accurate ADJ cjal-3230 473 24 fair fair ADJ cjal-3230 473 25 market market NOUN cjal-3230 473 26 value value NOUN cjal-3230 473 27 . . PUNCT cjal-3230 474 1 the the DET cjal-3230 474 2 government government NOUN cjal-3230 474 3 should should AUX cjal-3230 474 4 thus thus ADV cjal-3230 474 5 not not PART cjal-3230 474 6 be be AUX cjal-3230 474 7 concerned concern VERB cjal-3230 474 8 that that SCONJ cjal-3230 474 9 prices price NOUN cjal-3230 474 10 are be AUX cjal-3230 474 11 increasing increase VERB cjal-3230 474 12 . . PUNCT cjal-3230 475 1 rather rather ADV cjal-3230 475 2 , , PUNCT cjal-3230 475 3 the the DET cjal-3230 475 4 relevant relevant ADJ cjal-3230 475 5 officials official NOUN cjal-3230 475 6 should should AUX cjal-3230 475 7 view view VERB cjal-3230 475 8 the the DET cjal-3230 475 9 price price NOUN cjal-3230 475 10 increase increase NOUN cjal-3230 475 11 as as ADP cjal-3230 475 12 a a DET cjal-3230 475 13 reflection reflection NOUN cjal-3230 475 14 of of ADP cjal-3230 475 15 one one NUM cjal-3230 475 16 of of ADP cjal-3230 475 17 their their PRON cjal-3230 475 18 earlier early ADJ cjal-3230 475 19 policy policy NOUN cjal-3230 475 20 successes success NOUN cjal-3230 475 21 and and CCONJ cjal-3230 475 22 should should AUX cjal-3230 475 23 applaud applaud VERB cjal-3230 475 24 themselves themselves PRON cjal-3230 475 25 for for ADP cjal-3230 475 26 having having AUX cjal-3230 475 27 created create VERB cjal-3230 475 28 the the DET cjal-3230 475 29 necessary necessary ADJ cjal-3230 475 30 environment environment NOUN cjal-3230 475 31 by by ADP cjal-3230 475 32 deregulating deregulate VERB cjal-3230 475 33 ' ' PUNCT cjal-3230 475 34 rather rather ADV cjal-3230 475 35 than than ADP cjal-3230 475 36 regulating regulate VERB cjal-3230 475 37 to to PART cjal-3230 475 38 help help VERB cjal-3230 475 39 to to PART cjal-3230 475 40 sustain sustain VERB cjal-3230 475 41 106 106 NUM cjal-3230 476 1 i i PRON cjal-3230 476 2 d. d. PROPN cjal-3230 476 3 the the DET cjal-3230 476 4 future future ADJ cjal-3230 476 5 growth growth NOUN cjal-3230 476 6 of of ADP cjal-3230 476 7 assets asset NOUN cjal-3230 476 8 is be AUX cjal-3230 476 9 very very ADV cjal-3230 476 10 unpredictable unpredictable ADJ cjal-3230 476 11 . . PUNCT cjal-3230 477 1 for for ADP cjal-3230 477 2 example example NOUN cjal-3230 477 3 , , PUNCT cjal-3230 477 4 return return NOUN cjal-3230 477 5 of of ADP cjal-3230 477 6 stock stock NOUN cjal-3230 477 7 or or CCONJ cjal-3230 477 8 expected expect VERB cjal-3230 477 9 return return NOUN cjal-3230 477 10 on on ADP cjal-3230 477 11 property property NOUN cjal-3230 477 12 is be AUX cjal-3230 477 13 very very ADV cjal-3230 477 14 uncertain uncertain ADJ cjal-3230 477 15 . . PUNCT cjal-3230 478 1 therefore therefore ADV cjal-3230 478 2 , , PUNCT cjal-3230 478 3 high high ADJ cjal-3230 478 4 - - PUNCT cjal-3230 478 5 risk risk NOUN cjal-3230 478 6 assets asset NOUN cjal-3230 478 7 have have VERB cjal-3230 478 8 high high ADJ cjal-3230 478 9 return return NOUN cjal-3230 478 10 , , PUNCT cjal-3230 478 11 referred refer VERB cjal-3230 478 12 to to ADP cjal-3230 478 13 as as ADP cjal-3230 478 14 " " PUNCT cjal-3230 478 15 risk risk NOUN cjal-3230 478 16 premium premium NOUN cjal-3230 478 17 . . PUNCT cjal-3230 478 18 " " PUNCT cjal-3230 479 1 re re VERB cjal-3230 479 2 - - ADJ cjal-3230 479 3 young young ADJ cjal-3230 479 4 lee lee PROPN cjal-3230 479 5 , , PUNCT cjal-3230 479 6 --±7 --±7 PROPN cjal-3230 479 7 ] ] X cjal-3230 479 8 ] ] X cjal-3230 479 9 principles principle NOUN cjal-3230 479 10 of of ADP cjal-3230 479 11 real real ADJ cjal-3230 479 12 estate estate NOUN cjal-3230 479 13 104 104 NUM cjal-3230 479 14 - - SYM cjal-3230 479 15 106 106 NUM cjal-3230 479 16 ( ( PUNCT cjal-3230 479 17 bup bup PROPN cjal-3230 479 18 - - PUNCT cjal-3230 479 19 moon moon NOUN cjal-3230 479 20 - - PUNCT cjal-3230 479 21 sa sa PROPN cjal-3230 479 22 , , PUNCT cjal-3230 479 23 2000 2000 NUM cjal-3230 479 24 ) ) PUNCT cjal-3230 480 1 [ [ X cjal-3230 480 2 hereinafter hereinafter NOUN cjal-3230 480 3 lee lee PROPN cjal-3230 480 4 r.y r.y PROPN cjal-3230 480 5 . . PROPN cjal-3230 480 6 ] ] PUNCT cjal-3230 480 7 . . PUNCT cjal-3230 481 1 107 107 NUM cjal-3230 481 2 see see VERB cjal-3230 481 3 generally generally ADV cjal-3230 481 4 , , PUNCT cjal-3230 481 5 choe choe PROPN cjal-3230 481 6 . . PUNCT cjal-3230 482 1 ' ' NUM cjal-3230 482 2 08 08 NUM cjal-3230 482 3 see see NOUN cjal-3230 482 4 song song NOUN cjal-3230 482 5 at at ADP cjal-3230 482 6 100 100 NUM cjal-3230 482 7 - - SYM cjal-3230 482 8 102 102 NUM cjal-3230 482 9 . . PUNCT cjal-3230 483 1 ' ' NUM cjal-3230 483 2 09 09 NUM cjal-3230 483 3 " " PUNCT cjal-3230 483 4 korea korea PROPN cjal-3230 483 5 has have AUX cjal-3230 483 6 gradually gradually ADV cjal-3230 483 7 opened open VERB cjal-3230 483 8 sectors sector NOUN cjal-3230 483 9 of of ADP cjal-3230 483 10 the the DET cjal-3230 483 11 economy economy NOUN cjal-3230 483 12 to to ADP cjal-3230 483 13 foreign foreign ADJ cjal-3230 483 14 investors investor NOUN cjal-3230 483 15 since since SCONJ cjal-3230 483 16 the the DET cjal-3230 483 17 early early ADJ cjal-3230 483 18 1980s 1980s NUM cjal-3230 483 19 . . PUNCT cjal-3230 484 1 ... ... PUNCT cjal-3230 485 1 a a DET cjal-3230 485 2 significant significant ADJ cjal-3230 485 3 step step NOUN cjal-3230 485 4 forward forward ADV cjal-3230 485 5 was be AUX cjal-3230 485 6 taken take VERB cjal-3230 485 7 under under ADP cjal-3230 485 8 the the DET cjal-3230 485 9 kim kim PROPN cjal-3230 485 10 young young PROPN cjal-3230 485 11 - - PUNCT cjal-3230 485 12 sam sam PROPN cjal-3230 485 13 government government NOUN cjal-3230 485 14 in in ADP cjal-3230 485 15 1993 1993 NUM cjal-3230 485 16 when when SCONJ cjal-3230 485 17 a a DET cjal-3230 485 18 five five NUM cjal-3230 485 19 - - PUNCT cjal-3230 485 20 year year NOUN cjal-3230 485 21 timetable timetable NOUN cjal-3230 485 22 was be AUX cjal-3230 485 23 prepared prepare VERB cjal-3230 485 24 for for ADP cjal-3230 485 25 opening open VERB cjal-3230 485 26 most most ADJ cjal-3230 485 27 industries industry NOUN cjal-3230 485 28 to to ADP cjal-3230 485 29 foreign foreign ADJ cjal-3230 485 30 investment investment NOUN cjal-3230 485 31 . . PUNCT cjal-3230 485 32 " " PUNCT cjal-3230 486 1 see see VERB cjal-3230 486 2 william william PROPN cjal-3230 486 3 shepherd shepherd PROPN cjal-3230 486 4 edited edit VERB cjal-3230 486 5 by by ADP cjal-3230 486 6 0 0 PROPN cjal-3230 486 7 . . PUNCT cjal-3230 487 1 yul yul PROPN cjal-3230 487 2 kwon kwon PROPN cjal-3230 487 3 , , PUNCT cjal-3230 487 4 korea korea PROPN cjal-3230 487 5 's 's PART cjal-3230 487 6 economic economic ADJ cjal-3230 487 7 prospects prospect NOUN cjal-3230 487 8 from from ADP cjal-3230 487 9 financial financial ADJ cjal-3230 487 10 crisis crisis NOUN cjal-3230 487 11 to to ADP cjal-3230 487 12 prosperity prosperity NOUN cjal-3230 487 13 272 272 NUM cjal-3230 487 14 - - SYM cjal-3230 487 15 279 279 NUM cjal-3230 487 16 ( ( PUNCT cjal-3230 487 17 edward edward PROPN cjal-3230 487 18 elgar elgar PROPN cjal-3230 487 19 publishing publishing PROPN cjal-3230 487 20 limited limit VERB cjal-3230 487 21 , , PUNCT cjal-3230 487 22 2001 2001 NUM cjal-3230 487 23 ) ) PUNCT cjal-3230 487 24 , , PUNCT cjal-3230 487 25 10 10 NUM cjal-3230 487 26 as as ADP cjal-3230 487 27 a a DET cjal-3230 487 28 recent recent ADJ cjal-3230 487 29 example example NOUN cjal-3230 487 30 , , PUNCT cjal-3230 487 31 in in ADP cjal-3230 487 32 a a DET cjal-3230 487 33 mere mere ADJ cjal-3230 487 34 five five NUM cjal-3230 487 35 day day NOUN cjal-3230 487 36 period period NOUN cjal-3230 487 37 between between ADP cjal-3230 487 38 december december PROPN cjal-3230 487 39 31 31 NUM cjal-3230 487 40 , , PUNCT cjal-3230 487 41 2003 2003 NUM cjal-3230 487 42 and and CCONJ cjal-3230 487 43 january january PROPN cjal-3230 487 44 4 4 NUM cjal-3230 487 45 , , PUNCT cjal-3230 487 46 2004 2004 NUM cjal-3230 487 47 , , PUNCT cjal-3230 487 48 foreign foreign ADJ cjal-3230 487 49 buying buying NOUN cjal-3230 487 50 has have AUX cjal-3230 487 51 been be AUX cjal-3230 487 52 prevalent prevalent ADJ cjal-3230 487 53 in in ADP cjal-3230 487 54 the the DET cjal-3230 487 55 following follow VERB cjal-3230 487 56 industry industry NOUN cjal-3230 487 57 sectors sector NOUN cjal-3230 487 58 : : PUNCT cjal-3230 487 59 banking banking NOUN cjal-3230 487 60 ( ( PUNCT cjal-3230 487 61 147 147 NUM cjal-3230 487 62 billion billion NUM cjal-3230 487 63 krw krw NOUN cjal-3230 487 64 ) ) PUNCT cjal-3230 487 65 , , PUNCT cjal-3230 487 66 telecommunications telecommunication NOUN cjal-3230 487 67 ( ( PUNCT cjal-3230 487 68 133 133 NUM cjal-3230 487 69 billion billion NUM cjal-3230 487 70 krw krw NOUN cjal-3230 487 71 ) ) PUNCT cjal-3230 487 72 , , PUNCT cjal-3230 487 73 securities security NOUN cjal-3230 487 74 ( ( PUNCT cjal-3230 487 75 94.3 94.3 NUM cjal-3230 487 76 billion billion NUM cjal-3230 487 77 krw krw NOUN cjal-3230 487 78 ) ) PUNCT cjal-3230 487 79 , , PUNCT cjal-3230 487 80 chemicals chemical NOUN cjal-3230 487 81 ( ( PUNCT cjal-3230 487 82 79.5 79.5 NUM cjal-3230 487 83 billion billion NUM cjal-3230 487 84 krw krw NOUN cjal-3230 487 85 ) ) PUNCT cjal-3230 487 86 , , PUNCT cjal-3230 487 87 transport transport NOUN cjal-3230 487 88 equipment equipment NOUN cjal-3230 487 89 ( ( PUNCT cjal-3230 487 90 53 53 NUM cjal-3230 487 91 billion billion NUM cjal-3230 487 92 krw krw NOUN cjal-3230 487 93 ) ) PUNCT cjal-3230 487 94 , , PUNCT cjal-3230 487 95 and and CCONJ cjal-3230 487 96 steel steel NOUN cjal-3230 487 97 ( ( PUNCT cjal-3230 487 98 26.3 26.3 NUM cjal-3230 487 99 billion billion NUM cjal-3230 487 100 krw krw NOUN cjal-3230 487 101 ) ) PUNCT cjal-3230 487 102 . . PUNCT cjal-3230 488 1 see see VERB cjal-3230 488 2 hyung hyung PROPN cjal-3230 488 3 - - PUNCT cjal-3230 488 4 kwon kwon PROPN cjal-3230 488 5 cho cho PROPN cjal-3230 488 6 , , PUNCT cjal-3230 488 7 foreigners foreigner NOUN cjal-3230 488 8 active active ADJ cjal-3230 488 9 in in ADP cjal-3230 488 10 buying buy VERB cjal-3230 488 11 bank bank NOUN cjal-3230 488 12 stocks stock NOUN cjal-3230 488 13 , , PUNCT cjal-3230 488 14 korea korea PROPN cjal-3230 488 15 times times PROPN cjal-3230 488 16 , , PUNCT cjal-3230 488 17 january january PROPN cjal-3230 488 18 9 9 NUM cjal-3230 488 19 , , PUNCT cjal-3230 488 20 2004 2004 NUM cjal-3230 488 21 , , PUNCT cjal-3230 488 22 at at ADP cjal-3230 488 23 9 9 NUM cjal-3230 488 24 . . PUNCT cjal-3230 489 1 " " PUNCT cjal-3230 489 2 ' ' PUNCT cjal-3230 489 3 i i PROPN cjal-3230 489 4 harding harding PROPN cjal-3230 489 5 notes note VERB cjal-3230 489 6 some some DET cjal-3230 489 7 investors investor NOUN cjal-3230 489 8 react react VERB cjal-3230 489 9 to to ADP cjal-3230 489 10 an an DET cjal-3230 489 11 investment investment NOUN cjal-3230 489 12 environment environment NOUN cjal-3230 489 13 not not PART cjal-3230 489 14 entire entire ADJ cjal-3230 489 15 based base VERB cjal-3230 489 16 on on ADP cjal-3230 489 17 pure pure ADJ cjal-3230 489 18 2004 2004 NUM cjal-3230 489 19 ] ] PUNCT cjal-3230 489 20 columbia columbia PROPN cjal-3230 489 21 journal journal PROPN cjal-3230 489 22 of of ADP cjal-3230 489 23 asian asian ADJ cjal-3230 489 24 law law NOUN cjal-3230 489 25 the the DET cjal-3230 489 26 viability viability NOUN cjal-3230 489 27 of of ADP cjal-3230 489 28 asia asia PROPN cjal-3230 489 29 's 's PART cjal-3230 489 30 fourth fourth ADV cjal-3230 489 31 - - PUNCT cjal-3230 489 32 largest large ADJ cjal-3230 489 33 economy economy NOUN cjal-3230 489 34 . . PUNCT cjal-3230 490 1 3 3 X cjal-3230 490 2 . . X cjal-3230 490 3 at at ADP cjal-3230 490 4 the the DET cjal-3230 490 5 very very ADV cjal-3230 490 6 least least ADJ cjal-3230 490 7 , , PUNCT cjal-3230 490 8 a a DET cjal-3230 490 9 high high ADJ cjal-3230 490 10 likelihood likelihood NOUN cjal-3230 490 11 exists exist VERB cjal-3230 490 12 that that SCONJ cjal-3230 490 13 such such DET cjal-3230 490 14 a a DET cjal-3230 490 15 " " PUNCT cjal-3230 490 16 bubble bubble NOUN cjal-3230 490 17 " " PUNCT cjal-3230 490 18 in in ADP cjal-3230 490 19 the the DET cjal-3230 490 20 korean korean ADJ cjal-3230 490 21 real real ADJ cjal-3230 490 22 estate estate NOUN cjal-3230 490 23 market market NOUN cjal-3230 490 24 will will AUX cjal-3230 490 25 burst burst VERB cjal-3230 490 26 rather rather ADV cjal-3230 490 27 than than ADP cjal-3230 490 28 enter enter VERB cjal-3230 490 29 into into ADP cjal-3230 490 30 a a DET cjal-3230 490 31 " " PUNCT cjal-3230 490 32 soft soft ADJ cjal-3230 490 33 - - PUNCT cjal-3230 490 34 landing landing NOUN cjal-3230 490 35 " " PUNCT cjal-3230 490 36 scenario scenario NOUN cjal-3230 490 37 . . PUNCT cjal-3230 491 1 even even ADV cjal-3230 491 2 assuming assume VERB cjal-3230 491 3 that that SCONJ cjal-3230 491 4 the the DET cjal-3230 491 5 recent recent ADJ cjal-3230 491 6 increase increase NOUN cjal-3230 491 7 in in ADP cjal-3230 491 8 korean korean ADJ cjal-3230 491 9 real real ADJ cjal-3230 491 10 estate estate NOUN cjal-3230 491 11 prices price NOUN cjal-3230 491 12 does do AUX cjal-3230 491 13 in in ADP cjal-3230 491 14 fact fact NOUN cjal-3230 491 15 constitute constitute VERB cjal-3230 491 16 a a DET cjal-3230 491 17 " " PUNCT cjal-3230 491 18 bubble bubble NOUN cjal-3230 491 19 " " PUNCT cjal-3230 491 20 , , PUNCT cjal-3230 491 21 the the DET cjal-3230 491 22 issue issue NOUN cjal-3230 491 23 of of ADP cjal-3230 491 24 whether whether SCONJ cjal-3230 491 25 the the DET cjal-3230 491 26 " " PUNCT cjal-3230 491 27 bubble bubble NOUN cjal-3230 491 28 " " PUNCT cjal-3230 491 29 will will AUX cjal-3230 491 30 revert revert VERB cjal-3230 491 31 back back ADV cjal-3230 491 32 to to ADP cjal-3230 491 33 equilibrium"2 equilibrium"2 NOUN cjal-3230 491 34 by by ADP cjal-3230 491 35 a a DET cjal-3230 491 36 sudden sudden ADJ cjal-3230 491 37 drop drop NOUN cjal-3230 491 38 in in ADP cjal-3230 491 39 price price NOUN cjal-3230 491 40 levels level NOUN cjal-3230 491 41 ( ( PUNCT cjal-3230 491 42 a a DET cjal-3230 491 43 bubble bubble NOUN cjal-3230 491 44 " " PUNCT cjal-3230 491 45 burst burst ADJ cjal-3230 491 46 " " PUNCT cjal-3230 491 47 scenario scenario NOUN cjal-3230 491 48 ) ) PUNCT cjal-3230 491 49 , , PUNCT cjal-3230 491 50 or or CCONJ cjal-3230 491 51 alternatively alternatively ADV cjal-3230 491 52 , , PUNCT cjal-3230 491 53 to to ADP cjal-3230 491 54 a a DET cjal-3230 491 55 slow slow NOUN cjal-3230 491 56 to to PART cjal-3230 491 57 moderate moderate ADJ cjal-3230 491 58 reversion reversion NOUN cjal-3230 491 59 back back ADV cjal-3230 491 60 to to ADP cjal-3230 491 61 equilibrium equilibrium NOUN cjal-3230 491 62 prices price NOUN cjal-3230 491 63 ( ( PUNCT cjal-3230 491 64 a a DET cjal-3230 491 65 " " PUNCT cjal-3230 491 66 soft soft ADJ cjal-3230 491 67 - - PUNCT cjal-3230 491 68 landing landing NOUN cjal-3230 491 69 " " PUNCT cjal-3230 491 70 scenario scenario NOUN cjal-3230 491 71 ) ) PUNCT cjal-3230 491 72 is be AUX cjal-3230 491 73 relevant relevant ADJ cjal-3230 491 74 . . PUNCT cjal-3230 492 1 the the DET cjal-3230 492 2 issue issue NOUN cjal-3230 492 3 is be AUX cjal-3230 492 4 relevant relevant ADJ cjal-3230 492 5 because because SCONJ cjal-3230 492 6 the the DET cjal-3230 492 7 anti anti ADJ cjal-3230 492 8 - - ADJ cjal-3230 492 9 speculation speculation ADJ cjal-3230 492 10 laws law NOUN cjal-3230 492 11 are be AUX cjal-3230 492 12 predicated predicate VERB cjal-3230 492 13 on on ADP cjal-3230 492 14 the the DET cjal-3230 492 15 notion notion NOUN cjal-3230 492 16 of of ADP cjal-3230 492 17 a a DET cjal-3230 492 18 bubble bubble NOUN cjal-3230 492 19 " " PUNCT cjal-3230 492 20 burst burst ADJ cjal-3230 492 21 " " PUNCT cjal-3230 492 22 scenario scenario NOUN cjal-3230 492 23 . . PUNCT cjal-3230 493 1 "3 "3 NOUN cjal-3230 493 2 as as SCONJ cjal-3230 493 3 stated state VERB cjal-3230 493 4 earlier early ADV cjal-3230 493 5 , , PUNCT cjal-3230 493 6 the the DET cjal-3230 493 7 increase increase NOUN cjal-3230 493 8 in in ADP cjal-3230 493 9 korean korean ADJ cjal-3230 493 10 real real ADJ cjal-3230 493 11 estate estate NOUN cjal-3230 493 12 prices price NOUN cjal-3230 493 13 have have AUX cjal-3230 493 14 steadily steadily ADV cjal-3230 493 15 and and CCONJ cjal-3230 493 16 consistently consistently ADV cjal-3230 493 17 increased increase VERB cjal-3230 493 18 since since SCONJ cjal-3230 493 19 1990.114 1990.114 NUM cjal-3230 493 20 given give VERB cjal-3230 493 21 that that SCONJ cjal-3230 493 22 the the DET cjal-3230 493 23 increase increase NOUN cjal-3230 493 24 in in ADP cjal-3230 493 25 price price NOUN cjal-3230 493 26 levels level NOUN cjal-3230 493 27 were be AUX cjal-3230 493 28 not not PART cjal-3230 493 29 sudden sudden ADJ cjal-3230 493 30 , , PUNCT cjal-3230 493 31 the the DET cjal-3230 493 32 evidence evidence NOUN cjal-3230 493 33 would would AUX cjal-3230 493 34 not not PART cjal-3230 493 35 therefore therefore ADV cjal-3230 493 36 suggest suggest VERB cjal-3230 493 37 that that SCONJ cjal-3230 493 38 the the DET cjal-3230 493 39 decrease decrease NOUN cjal-3230 493 40 in in ADP cjal-3230 493 41 price price NOUN cjal-3230 493 42 levels level NOUN cjal-3230 493 43 might might AUX cjal-3230 493 44 similarly similarly ADV cjal-3230 493 45 make make VERB cjal-3230 493 46 a a DET cjal-3230 493 47 " " PUNCT cjal-3230 493 48 soft soft ADJ cjal-3230 493 49 " " PUNCT cjal-3230 493 50 decline decline NOUN cjal-3230 493 51 back back ADV cjal-3230 493 52 to to ADP cjal-3230 493 53 equilibrium equilibrium NOUN cjal-3230 493 54 levels level NOUN cjal-3230 493 55 . . PUNCT cjal-3230 494 1 " " PUNCT cjal-3230 494 2 ' ' PUNCT cjal-3230 494 3 what what PRON cjal-3230 494 4 is be AUX cjal-3230 494 5 interesting interesting ADJ cjal-3230 494 6 to to PART cjal-3230 494 7 note note VERB cjal-3230 494 8 , , PUNCT cjal-3230 494 9 apart apart ADV cjal-3230 494 10 from from ADP cjal-3230 494 11 the the DET cjal-3230 494 12 substance substance NOUN cjal-3230 494 13 of of ADP cjal-3230 494 14 the the DET cjal-3230 494 15 antispeculation antispeculation NOUN cjal-3230 494 16 laws law NOUN cjal-3230 494 17 , , PUNCT cjal-3230 494 18 is be AUX cjal-3230 494 19 the the DET cjal-3230 494 20 timing timing NOUN cjal-3230 494 21 of of ADP cjal-3230 494 22 the the DET cjal-3230 494 23 legislation,"6 legislation,"6 NOUN cjal-3230 494 24 which which PRON cjal-3230 494 25 may may AUX cjal-3230 494 26 have have VERB cjal-3230 494 27 some some DET cjal-3230 494 28 linkage linkage NOUN cjal-3230 494 29 to to ADP cjal-3230 494 30 the the DET cjal-3230 494 31 impetus impetus NOUN cjal-3230 494 32 behind behind ADP cjal-3230 494 33 the the DET cjal-3230 494 34 proposed propose VERB cjal-3230 494 35 acts act NOUN cjal-3230 494 36 . . PUNCT cjal-3230 495 1 assuming assume VERB cjal-3230 495 2 a a DET cjal-3230 495 3 " " PUNCT cjal-3230 495 4 bubble bubble NOUN cjal-3230 495 5 " " PUNCT cjal-3230 495 6 scenario scenario NOUN cjal-3230 495 7 , , PUNCT cjal-3230 495 8 one one PRON cjal-3230 495 9 would would AUX cjal-3230 495 10 presume presume VERB cjal-3230 495 11 that that SCONJ cjal-3230 495 12 any any DET cjal-3230 495 13 notable notable ADJ cjal-3230 495 14 decrease decrease NOUN cjal-3230 495 15 in in ADP cjal-3230 495 16 price price NOUN cjal-3230 495 17 levels level NOUN cjal-3230 495 18 would would AUX cjal-3230 495 19 occur occur VERB cjal-3230 495 20 approximately approximately ADV cjal-3230 495 21 eight eight NUM cjal-3230 495 22 years year NOUN cjal-3230 495 23 or or CCONJ cjal-3230 495 24 so so ADV cjal-3230 495 25 from from ADP cjal-3230 495 26 the the DET cjal-3230 495 27 " " PUNCT cjal-3230 495 28 bubble bubble NOUN cjal-3230 495 29 's 's PART cjal-3230 495 30 " " PUNCT cjal-3230 495 31 inception inception NOUN cjal-3230 495 32 based base VERB cjal-3230 495 33 on on ADP cjal-3230 495 34 similar similar ADJ cjal-3230 495 35 scenarios scenario NOUN cjal-3230 495 36 in in ADP cjal-3230 495 37 the the DET cjal-3230 495 38 u.s u.s PROPN cjal-3230 495 39 . . PROPN cjal-3230 495 40 " " PUNCT cjal-3230 495 41 ' ' PUNCT cjal-3230 495 42 and and CCONJ cjal-3230 495 43 japan japan PROPN cjal-3230 495 44 . . PUNCT cjal-3230 496 1 "8 "8 PROPN cjal-3230 496 2 however however ADV cjal-3230 496 3 , , PUNCT cjal-3230 496 4 market market NOUN cjal-3230 496 5 fundamentals fundamental NOUN cjal-3230 496 6 by by ADP cjal-3230 496 7 noting note VERB cjal-3230 496 8 , , PUNCT cjal-3230 496 9 " " PUNCT cjal-3230 496 10 where where SCONJ cjal-3230 496 11 monopoly monopoly NOUN cjal-3230 496 12 power power NOUN cjal-3230 496 13 is be AUX cjal-3230 496 14 great great ADJ cjal-3230 496 15 , , PUNCT cjal-3230 496 16 is be AUX cjal-3230 496 17 seen see VERB cjal-3230 496 18 to to PART cjal-3230 496 19 be be AUX cjal-3230 496 20 against against ADP cjal-3230 496 21 the the DET cjal-3230 496 22 interests interest NOUN cjal-3230 496 23 of of ADP cjal-3230 496 24 consumers consumer NOUN cjal-3230 496 25 and and CCONJ cjal-3230 496 26 is be AUX cjal-3230 496 27 preventing prevent VERB cjal-3230 496 28 a a DET cjal-3230 496 29 pareto pareto VERB cjal-3230 496 30 - - PUNCT cjal-3230 496 31 optimal optimal ADJ cjal-3230 496 32 solution solution NOUN cjal-3230 496 33 from from ADP cjal-3230 496 34 being be AUX cjal-3230 496 35 reached reach VERB cjal-3230 496 36 . . PUNCT cjal-3230 497 1 with with ADP cjal-3230 497 2 this this DET cjal-3230 497 3 scenario scenario NOUN cjal-3230 497 4 the the DET cjal-3230 497 5 policy policy NOUN cjal-3230 497 6 solution solution NOUN cjal-3230 497 7 is be AUX cjal-3230 497 8 to to PART cjal-3230 497 9 provide provide VERB cjal-3230 497 10 incentives incentive NOUN cjal-3230 497 11 to to ADP cjal-3230 497 12 entrepreneurs entrepreneur NOUN cjal-3230 497 13 to to PART cjal-3230 497 14 enter enter VERB cjal-3230 497 15 into into ADP cjal-3230 497 16 otherwise otherwise ADV cjal-3230 497 17 barred bar VERB cjal-3230 497 18 markets market NOUN cjal-3230 497 19 . . PUNCT cjal-3230 498 1 for for ADP cjal-3230 498 2 this this DET cjal-3230 498 3 reason reason NOUN cjal-3230 498 4 it it PRON cjal-3230 498 5 is be AUX cjal-3230 498 6 often often ADV cjal-3230 498 7 called call VERB cjal-3230 498 8 deregulation deregulation NOUN cjal-3230 498 9 . . PUNCT cjal-3230 498 10 " " PUNCT cjal-3230 499 1 see see VERB cjal-3230 499 2 harding harding PROPN cjal-3230 499 3 atl6l atl6l NOUN cjal-3230 499 4 . . PROPN cjal-3230 499 5 112 112 NUM cjal-3230 500 1 " " PUNCT cjal-3230 500 2 at at ADP cjal-3230 500 3 the the DET cjal-3230 500 4 equilibrium equilibrium NOUN cjal-3230 500 5 price price NOUN cjal-3230 500 6 demand demand NOUN cjal-3230 500 7 equals equal VERB cjal-3230 500 8 to to PART cjal-3230 500 9 supply supply VERB cjal-3230 500 10 . . PUNCT cjal-3230 501 1 there there PRON cjal-3230 501 2 is be VERB cjal-3230 501 3 no no DET cjal-3230 501 4 excess excess ADJ cjal-3230 501 5 demand demand NOUN cjal-3230 501 6 and and CCONJ cjal-3230 501 7 supply supply NOUN cjal-3230 501 8 . . PUNCT cjal-3230 501 9 " " PUNCT cjal-3230 502 1 see see VERB cjal-3230 502 2 i i PRON cjal-3230 502 3 d. d. PROPN cjal-3230 502 4 113 113 NUM cjal-3230 502 5 see see VERB cjal-3230 502 6 chi chi NOUN cjal-3230 502 7 - - PUNCT cjal-3230 502 8 dong dong PROPN cjal-3230 502 9 , , PUNCT cjal-3230 502 10 lee lee PROPN cjal-3230 502 11 , , PUNCT cjal-3230 502 12 new new ADJ cjal-3230 502 13 anti anti ADJ cjal-3230 502 14 - - ADJ cjal-3230 502 15 speculation speculation ADJ cjal-3230 502 16 measures measure NOUN cjal-3230 502 17 target target VERB cjal-3230 502 18 multiple multiple ADJ cjal-3230 502 19 home home NOUN cjal-3230 502 20 owners owner NOUN cjal-3230 502 21 korea korea PROPN cjal-3230 502 22 times times PROPN cjal-3230 502 23 , , PUNCT cjal-3230 502 24 october october PROPN cjal-3230 502 25 30 30 NUM cjal-3230 502 26 , , PUNCT cjal-3230 502 27 2003 2003 NUM cjal-3230 502 28 , , PUNCT cjal-3230 502 29 at at ADP cjal-3230 502 30 1 1 NUM cjal-3230 502 31 114 114 NUM cjal-3230 502 32 since since SCONJ cjal-3230 502 33 1990 1990 NUM cjal-3230 502 34 , , PUNCT cjal-3230 502 35 property property NOUN cjal-3230 502 36 prices price NOUN cjal-3230 502 37 increased increase VERB cjal-3230 502 38 an an DET cjal-3230 502 39 average average ADJ cjal-3230 502 40 4.37 4.37 NUM cjal-3230 502 41 % % NOUN cjal-3230 502 42 per per ADP cjal-3230 502 43 year year NOUN cjal-3230 502 44 . . PUNCT cjal-3230 503 1 see see VERB cjal-3230 503 2 kookmin kookmin PROPN cjal-3230 503 3 bank bank PROPN cjal-3230 503 4 website website NOUN cjal-3230 503 5 , , PUNCT cjal-3230 503 6 available available ADJ cjal-3230 503 7 at at ADP cjal-3230 503 8 http://est.kbstar.com/quics?page=a005328 http://est.kbstar.com/quics?page=a005328 PROPN cjal-3230 503 9 . . PUNCT cjal-3230 504 1 " " PUNCT cjal-3230 504 2 ' ' PUNCT cjal-3230 504 3 see see VERB cjal-3230 504 4 harding harding PROPN cjal-3230 504 5 at at ADP cjal-3230 504 6 161 161 NUM cjal-3230 504 7 116 116 NUM cjal-3230 504 8 since since SCONJ cjal-3230 504 9 late late ADJ cjal-3230 504 10 2002 2002 NUM cjal-3230 504 11 , , PUNCT cjal-3230 504 12 the the DET cjal-3230 504 13 south south ADJ cjal-3230 504 14 korean korean ADJ cjal-3230 504 15 economy economy NOUN cjal-3230 504 16 has have AUX cjal-3230 504 17 fluctuated fluctuate VERB cjal-3230 504 18 between between ADP cjal-3230 504 19 flat flat ADJ cjal-3230 504 20 and/or and/or CCONJ cjal-3230 504 21 negative negative ADJ cjal-3230 504 22 growth growth NOUN cjal-3230 504 23 . . PUNCT cjal-3230 505 1 during during ADP cjal-3230 505 2 such such ADJ cjal-3230 505 3 periods period NOUN cjal-3230 505 4 , , PUNCT cjal-3230 505 5 taxable taxable ADJ cjal-3230 505 6 income income NOUN cjal-3230 505 7 assumedly assumedly ADV cjal-3230 505 8 decreases decrease VERB cjal-3230 505 9 , , PUNCT cjal-3230 505 10 which which PRON cjal-3230 505 11 then then ADV cjal-3230 505 12 decreases decrease VERB cjal-3230 505 13 government government NOUN cjal-3230 505 14 revenue revenue NOUN cjal-3230 505 15 . . PUNCT cjal-3230 506 1 an an DET cjal-3230 506 2 argument argument NOUN cjal-3230 506 3 can can AUX cjal-3230 506 4 therefore therefore ADV cjal-3230 506 5 be be AUX cjal-3230 506 6 made make VERB cjal-3230 506 7 that that SCONJ cjal-3230 506 8 one one NUM cjal-3230 506 9 motivating motivate VERB cjal-3230 506 10 factor factor NOUN cjal-3230 506 11 behind behind ADP cjal-3230 506 12 the the DET cjal-3230 506 13 real real ADJ cjal-3230 506 14 estate estate NOUN cjal-3230 506 15 taxes taxis NOUN cjal-3230 506 16 discussed discuss VERB cjal-3230 506 17 in in ADP cjal-3230 506 18 this this DET cjal-3230 506 19 paper paper NOUN cjal-3230 506 20 is be AUX cjal-3230 506 21 to to PART cjal-3230 506 22 increase increase VERB cjal-3230 506 23 government government NOUN cjal-3230 506 24 revenue revenue NOUN cjal-3230 506 25 . . PUNCT cjal-3230 507 1 assuming assume VERB cjal-3230 507 2 this this PRON cjal-3230 507 3 , , PUNCT cjal-3230 507 4 and and CCONJ cjal-3230 507 5 given give VERB cjal-3230 507 6 that that DET cjal-3230 507 7 korean korean ADJ cjal-3230 507 8 domestic domestic ADJ cjal-3230 507 9 spending spending NOUN cjal-3230 507 10 and and CCONJ cjal-3230 507 11 confidence confidence NOUN cjal-3230 507 12 have have AUX cjal-3230 507 13 still still ADV cjal-3230 507 14 been be AUX cjal-3230 507 15 relatively relatively ADV cjal-3230 507 16 flat flat ADJ cjal-3230 507 17 since since SCONJ cjal-3230 507 18 late late ADJ cjal-3230 507 19 2002 2002 NUM cjal-3230 507 20 , , PUNCT cjal-3230 507 21 perhaps perhaps ADV cjal-3230 507 22 partially partially ADV cjal-3230 507 23 due due ADJ cjal-3230 507 24 to to ADP cjal-3230 507 25 such such ADJ cjal-3230 507 26 tax tax NOUN cjal-3230 507 27 increases increase NOUN cjal-3230 507 28 , , PUNCT cjal-3230 507 29 korean korean ADJ cjal-3230 507 30 economic economic ADJ cjal-3230 507 31 growth growth NOUN cjal-3230 507 32 has have AUX cjal-3230 507 33 primarily primarily ADV cjal-3230 507 34 been be AUX cjal-3230 507 35 driven drive VERB cjal-3230 507 36 by by ADP cjal-3230 507 37 export export NOUN cjal-3230 507 38 growth growth NOUN cjal-3230 507 39 rather rather ADV cjal-3230 507 40 than than ADP cjal-3230 507 41 domestic domestic ADJ cjal-3230 507 42 consumption consumption NOUN cjal-3230 507 43 . . PUNCT cjal-3230 508 1 17 17 NUM cjal-3230 508 2 one one NUM cjal-3230 508 3 relevant relevant ADJ cjal-3230 508 4 example example NOUN cjal-3230 508 5 can can AUX cjal-3230 508 6 be be AUX cjal-3230 508 7 seen see VERB cjal-3230 508 8 in in ADP cjal-3230 508 9 the the DET cjal-3230 508 10 u.s u.s PROPN cjal-3230 508 11 . . PROPN cjal-3230 508 12 equity equity NOUN cjal-3230 508 13 markets market NOUN cjal-3230 508 14 during during ADP cjal-3230 508 15 the the DET cjal-3230 508 16 1990s 1990s NUM cjal-3230 508 17 . . PUNCT cjal-3230 509 1 in in ADP cjal-3230 509 2 this this DET cjal-3230 509 3 period period NOUN cjal-3230 509 4 , , PUNCT cjal-3230 509 5 the the DET cjal-3230 509 6 u.s u.s PROPN cjal-3230 509 7 . . PROPN cjal-3230 509 8 equities equity NOUN cjal-3230 509 9 markets market NOUN cjal-3230 509 10 increased increase VERB cjal-3230 509 11 approximately approximately ADV cjal-3230 509 12 514.09 514.09 NUM cjal-3230 509 13 % % NOUN cjal-3230 509 14 in in ADP cjal-3230 509 15 terms term NOUN cjal-3230 509 16 of of ADP cjal-3230 509 17 nyse nyse PROPN cjal-3230 509 18 reported report VERB cjal-3230 509 19 share share NOUN cjal-3230 509 20 volume volume NOUN cjal-3230 509 21 , , PUNCT cjal-3230 509 22 from from ADP cjal-3230 509 23 u.s u.s PROPN cjal-3230 509 24 . . PROPN cjal-3230 509 25 $ $ SYM cjal-3230 509 26 39,664.50 39,664.50 PROPN cjal-3230 509 27 ( ( PUNCT cjal-3230 509 28 millions million NOUN cjal-3230 509 29 ) ) PUNCT cjal-3230 509 30 in in ADP cjal-3230 509 31 1990 1990 NUM cjal-3230 509 32 to to ADP cjal-3230 509 33 203,914.2 203,914.2 NUM cjal-3230 509 34 ( ( PUNCT cjal-3230 509 35 millions million NOUN cjal-3230 509 36 ) ) PUNCT cjal-3230 509 37 in in ADP cjal-3230 509 38 1999 1999 NUM cjal-3230 509 39 . . PUNCT cjal-3230 510 1 see see VERB cjal-3230 510 2 new new PROPN cjal-3230 510 3 york york PROPN cjal-3230 510 4 stock stock NOUN cjal-3230 510 5 [ [ X cjal-3230 510 6 18:1 18:1 NUM cjal-3230 510 7 anti anti ADJ cjal-3230 510 8 - - ADJ cjal-3230 510 9 specula specula ADJ cjal-3230 510 10 tion tion NOUN cjal-3230 510 11 laws law NOUN cjal-3230 510 12 and and CCONJ cjal-3230 510 13 their their PRON cjal-3230 510 14 impact impact NOUN cjal-3230 510 15 the the DET cjal-3230 510 16 evidence evidence NOUN cjal-3230 510 17 relating relate VERB cjal-3230 510 18 to to ADP cjal-3230 510 19 the the DET cjal-3230 510 20 korean korean ADJ cjal-3230 510 21 real real ADJ cjal-3230 510 22 estate estate NOUN cjal-3230 510 23 price price NOUN cjal-3230 510 24 levels level NOUN cjal-3230 510 25 indicates indicate VERB cjal-3230 510 26 that that SCONJ cjal-3230 510 27 the the DET cjal-3230 510 28 steady steady ADJ cjal-3230 510 29 and and CCONJ cjal-3230 510 30 consistent consistent ADJ cjal-3230 510 31 increase increase NOUN cjal-3230 510 32 in in ADP cjal-3230 510 33 property property NOUN cjal-3230 510 34 prices price NOUN cjal-3230 510 35 occurred occur VERB cjal-3230 510 36 for for ADP cjal-3230 510 37 at at ADV cjal-3230 510 38 least least ADV cjal-3230 510 39 fourteen fourteen NUM cjal-3230 510 40 years year NOUN cjal-3230 510 41 . . PUNCT cjal-3230 511 1 the the DET cjal-3230 511 2 question question NOUN cjal-3230 511 3 then then ADV cjal-3230 511 4 becomes become VERB cjal-3230 511 5 why why SCONJ cjal-3230 511 6 the the DET cjal-3230 511 7 government government NOUN cjal-3230 511 8 decided decide VERB cjal-3230 511 9 to to PART cjal-3230 511 10 implement implement VERB cjal-3230 511 11 anti anti ADJ cjal-3230 511 12 - - ADJ cjal-3230 511 13 speculation speculation ADJ cjal-3230 511 14 laws law NOUN cjal-3230 511 15 now now ADV cjal-3230 511 16 , , PUNCT cjal-3230 511 17 rather rather ADV cjal-3230 511 18 than than ADP cjal-3230 511 19 in in ADP cjal-3230 511 20 the the DET cjal-3230 511 21 late late ADJ cjal-3230 511 22 1990s 1990 NOUN cjal-3230 511 23 ? ? PUNCT cjal-3230 512 1 one one NUM cjal-3230 512 2 reason reason NOUN cjal-3230 512 3 could could AUX cjal-3230 512 4 be be AUX cjal-3230 512 5 that that SCONJ cjal-3230 512 6 the the DET cjal-3230 512 7 1997 1997 NUM cjal-3230 512 8 asian asian ADJ cjal-3230 512 9 financial financial ADJ cjal-3230 512 10 crisis crisis NOUN cjal-3230 512 11 deferred defer VERB cjal-3230 512 12 any any DET cjal-3230 512 13 legislative legislative ADJ cjal-3230 512 14 process process NOUN cjal-3230 512 15 to to PART cjal-3230 512 16 curb curb VERB cjal-3230 512 17 real real ADJ cjal-3230 512 18 estate estate NOUN cjal-3230 512 19 speculation speculation NOUN cjal-3230 512 20 . . PUNCT cjal-3230 513 1 another another DET cjal-3230 513 2 reason reason NOUN cjal-3230 513 3 could could AUX cjal-3230 513 4 be be AUX cjal-3230 513 5 that that SCONJ cjal-3230 513 6 the the DET cjal-3230 513 7 korean korean ADJ cjal-3230 513 8 economy economy NOUN cjal-3230 513 9 has have AUX cjal-3230 513 10 been be AUX cjal-3230 513 11 in in ADP cjal-3230 513 12 a a DET cjal-3230 513 13 technical technical ADJ cjal-3230 513 14 recession recession NOUN cjal-3230 513 15 ' ' PART cjal-3230 513 16 9 9 NUM cjal-3230 513 17 since since SCONJ cjal-3230 513 18 2002 2002 NUM cjal-3230 513 19 . . PUNCT cjal-3230 514 1 in in ADP cjal-3230 514 2 any any DET cjal-3230 514 3 recession recession NOUN cjal-3230 514 4 , , PUNCT cjal-3230 514 5 including include VERB cjal-3230 514 6 in in ADP cjal-3230 514 7 the the DET cjal-3230 514 8 korean korean ADJ cjal-3230 514 9 case case NOUN cjal-3230 514 10 , , PUNCT cjal-3230 514 11 recessions recession NOUN cjal-3230 514 12 on on ADP cjal-3230 514 13 balance balance NOUN cjal-3230 514 14 lower low ADJ cjal-3230 514 15 government government NOUN cjal-3230 514 16 revenue revenue NOUN cjal-3230 514 17 . . PUNCT cjal-3230 514 18 ' ' PUNCT cjal-3230 515 1 ° ° PUNCT cjal-3230 515 2 thus thus ADV cjal-3230 515 3 , , PUNCT cjal-3230 515 4 during during ADP cjal-3230 515 5 recessionary recessionary ADJ cjal-3230 515 6 periods period NOUN cjal-3230 515 7 , , PUNCT cjal-3230 515 8 governments government NOUN cjal-3230 515 9 must must AUX cjal-3230 515 10 take take VERB cjal-3230 515 11 the the DET cjal-3230 515 12 difficult difficult ADJ cjal-3230 515 13 choice choice NOUN cjal-3230 515 14 of of ADP cjal-3230 515 15 seeing see VERB cjal-3230 515 16 their their PRON cjal-3230 515 17 country country NOUN cjal-3230 515 18 face face VERB cjal-3230 515 19 a a DET cjal-3230 515 20 current current ADJ cjal-3230 515 21 account account NOUN cjal-3230 515 22 deficit,'2 deficit,'2 NOUN cjal-3230 515 23 ' ' PUNCT cjal-3230 515 24 or or CCONJ cjal-3230 515 25 find find VERB cjal-3230 515 26 alternative alternative ADJ cjal-3230 515 27 ways way NOUN cjal-3230 515 28 to to PART cjal-3230 515 29 increase increase VERB cjal-3230 515 30 government government NOUN cjal-3230 515 31 revenue revenue NOUN cjal-3230 515 32 , , PUNCT cjal-3230 515 33 such such ADJ cjal-3230 515 34 as as ADP cjal-3230 515 35 in in ADP cjal-3230 515 36 the the DET cjal-3230 515 37 form form NOUN cjal-3230 515 38 of of ADP cjal-3230 515 39 added add VERB cjal-3230 515 40 taxes taxis NOUN cjal-3230 515 41 . . PUNCT cjal-3230 516 1 given give VERB cjal-3230 516 2 this this PRON cjal-3230 516 3 , , PUNCT cjal-3230 516 4 and and CCONJ cjal-3230 516 5 given give VERB cjal-3230 516 6 the the DET cjal-3230 516 7 fact fact NOUN cjal-3230 516 8 that that SCONJ cjal-3230 516 9 the the DET cjal-3230 516 10 anti anti ADJ cjal-3230 516 11 - - ADJ cjal-3230 516 12 speculation speculation ADJ cjal-3230 516 13 laws law NOUN cjal-3230 516 14 attempt attempt VERB cjal-3230 516 15 to to PART cjal-3230 516 16 curb curb VERB cjal-3230 516 17 real real ADJ cjal-3230 516 18 estate estate NOUN cjal-3230 516 19 speculation speculation NOUN cjal-3230 516 20 vis vis X cjal-3230 516 21 - - PUNCT cjal-3230 516 22 a a PRON cjal-3230 516 23 - - PUNCT cjal-3230 516 24 vis vis X cjal-3230 516 25 increases increase NOUN cjal-3230 516 26 on on ADP cjal-3230 516 27 various various ADJ cjal-3230 516 28 forms form NOUN cjal-3230 516 29 of of ADP cjal-3230 516 30 land land NOUN cjal-3230 516 31 , , PUNCT cjal-3230 516 32 property property NOUN cjal-3230 516 33 , , PUNCT cjal-3230 516 34 and and CCONJ cjal-3230 516 35 capital capital NOUN cjal-3230 516 36 gains gain NOUN cjal-3230 516 37 taxes taxis NOUN cjal-3230 516 38 , , PUNCT cjal-3230 516 39 an an DET cjal-3230 516 40 argument argument NOUN cjal-3230 516 41 can can AUX cjal-3230 516 42 be be AUX cjal-3230 516 43 made make VERB cjal-3230 516 44 that that SCONJ cjal-3230 516 45 the the DET cjal-3230 516 46 korean korean ADJ cjal-3230 516 47 government government NOUN cjal-3230 516 48 is be AUX cjal-3230 516 49 imposing impose VERB cjal-3230 516 50 such such ADJ cjal-3230 516 51 new new ADJ cjal-3230 516 52 legislation legislation NOUN cjal-3230 516 53 to to PART cjal-3230 516 54 gain gain VERB cjal-3230 516 55 additional additional ADJ cjal-3230 516 56 and and CCONJ cjal-3230 516 57 much much ADV cjal-3230 516 58 - - PUNCT cjal-3230 516 59 needed need VERB cjal-3230 516 60 tax tax NOUN cjal-3230 516 61 revenue revenue NOUN cjal-3230 516 62 during during ADP cjal-3230 516 63 a a DET cjal-3230 516 64 recessionary recessionary ADJ cjal-3230 516 65 period period NOUN cjal-3230 516 66 . . PUNCT cjal-3230 516 67 '2 '2 PROPN cjal-3230 517 1 2 2 NUM cjal-3230 517 2 exchange exchange NOUN cjal-3230 517 3 composite composite ADJ cjal-3230 517 4 index index NOUN cjal-3230 517 5 website website NOUN cjal-3230 517 6 , , PUNCT cjal-3230 517 7 available available ADJ cjal-3230 517 8 at at ADP cjal-3230 517 9 httd://www.nvse.com/pdfs/kaplanschoar.pdf httd://www.nvse.com/pdfs/kaplanschoar.pdf PROPN cjal-3230 517 10 . . PUNCT cjal-3230 518 1 18 18 NUM cjal-3230 518 2 the the DET cjal-3230 518 3 relevant relevant ADJ cjal-3230 518 4 japanese japanese ADJ cjal-3230 518 5 example example NOUN cjal-3230 518 6 is be AUX cjal-3230 518 7 the the DET cjal-3230 518 8 japanese japanese ADJ cjal-3230 518 9 real real ADJ cjal-3230 518 10 estate estate NOUN cjal-3230 518 11 " " PUNCT cjal-3230 518 12 bubble bubble NOUN cjal-3230 518 13 " " PUNCT cjal-3230 518 14 from from ADP cjal-3230 518 15 the the DET cjal-3230 518 16 early early ADJ cjal-3230 518 17 1980s 1980 NOUN cjal-3230 518 18 to to ADP cjal-3230 518 19 the the DET cjal-3230 518 20 early early ADJ cjal-3230 518 21 1990s 1990 NOUN cjal-3230 518 22 . . PUNCT cjal-3230 519 1 in in ADP cjal-3230 519 2 this this DET cjal-3230 519 3 period period NOUN cjal-3230 519 4 , , PUNCT cjal-3230 519 5 japanese japanese ADJ cjal-3230 519 6 real real ADJ cjal-3230 519 7 estate estate NOUN cjal-3230 519 8 price price NOUN cjal-3230 519 9 levels level NOUN cjal-3230 519 10 , , PUNCT cjal-3230 519 11 including include VERB cjal-3230 519 12 in in ADP cjal-3230 519 13 tokyo tokyo PROPN cjal-3230 519 14 , , PUNCT cjal-3230 519 15 and and CCONJ cjal-3230 519 16 other other ADJ cjal-3230 519 17 domestic domestic ADJ cjal-3230 519 18 assets asset NOUN cjal-3230 519 19 increased increase VERB cjal-3230 519 20 significantly significantly ADV cjal-3230 519 21 due due ADP cjal-3230 519 22 to to ADP cjal-3230 519 23 numerous numerous ADJ cjal-3230 519 24 factors factor NOUN cjal-3230 519 25 , , PUNCT cjal-3230 519 26 including include VERB cjal-3230 519 27 " " PUNCT cjal-3230 519 28 euphoria euphoria NOUN cjal-3230 519 29 " " PUNCT cjal-3230 519 30 . . PUNCT cjal-3230 520 1 see see VERB cjal-3230 520 2 generally generally ADV cjal-3230 520 3 , , PUNCT cjal-3230 520 4 shigenori shigenori PROPN cjal-3230 520 5 shiratsuka shiratsuka NOUN cjal-3230 520 6 , , PUNCT cjal-3230 520 7 asset asset NOUN cjal-3230 520 8 price price NOUN cjal-3230 520 9 bubble bubble NOUN cjal-3230 520 10 in in ADP cjal-3230 520 11 japan japan PROPN cjal-3230 520 12 in in ADP cjal-3230 520 13 the the DET cjal-3230 520 14 1980s 1980 NOUN cjal-3230 520 15 : : PUNCT cjal-3230 520 16 lessons lesson NOUN cjal-3230 520 17 for for ADP cjal-3230 520 18 financial financial ADJ cjal-3230 520 19 and and CCONJ cjal-3230 520 20 economic economic ADJ cjal-3230 520 21 stability stability NOUN cjal-3230 520 22 , , PUNCT cjal-3230 520 23 in in ADP cjal-3230 520 24 imes ime NOUN cjal-3230 520 25 discussion discussion NOUN cjal-3230 520 26 paper paper NOUN cjal-3230 520 27 series series NOUN cjal-3230 520 28 ( ( PUNCT cjal-3230 520 29 institute institute NOUN cjal-3230 520 30 of of ADP cjal-3230 520 31 monetary monetary ADJ cjal-3230 520 32 and and CCONJ cjal-3230 520 33 economic economic ADJ cjal-3230 520 34 studies study NOUN cjal-3230 520 35 , , PUNCT cjal-3230 520 36 bank bank PROPN cjal-3230 520 37 of of ADP cjal-3230 520 38 japan japan PROPN cjal-3230 520 39 , , PUNCT cjal-3230 520 40 discussion discussion NOUN cjal-3230 520 41 paper paper NOUN cjal-3230 520 42 series series PROPN cjal-3230 520 43 no no PROPN cjal-3230 520 44 . . PROPN cjal-3230 520 45 2003 2003 NUM cjal-3230 520 46 - - SYM cjal-3230 520 47 e-15 e-15 PROPN cjal-3230 520 48 , , PUNCT cjal-3230 520 49 december december PROPN cjal-3230 520 50 2003 2003 NUM cjal-3230 520 51 ) ) PUNCT cjal-3230 520 52 . . PUNCT cjal-3230 521 1 " " PUNCT cjal-3230 521 2 9 9 NUM cjal-3230 521 3 the the DET cjal-3230 521 4 definition definition NOUN cjal-3230 521 5 of of ADP cjal-3230 521 6 " " PUNCT cjal-3230 521 7 recession recession NOUN cjal-3230 521 8 " " PUNCT cjal-3230 521 9 used use VERB cjal-3230 521 10 here here ADV cjal-3230 521 11 is be AUX cjal-3230 521 12 a a DET cjal-3230 521 13 decrease decrease NOUN cjal-3230 521 14 in in ADP cjal-3230 521 15 gdp gdp NOUN cjal-3230 521 16 for for ADP cjal-3230 521 17 two two NUM cjal-3230 521 18 consecutive consecutive ADJ cjal-3230 521 19 quarters quarter NOUN cjal-3230 521 20 or or CCONJ cjal-3230 521 21 more more ADJ cjal-3230 521 22 . . PUNCT cjal-3230 522 1 see see VERB cjal-3230 522 2 the the DET cjal-3230 522 3 complete complete ADJ cjal-3230 522 4 investment investment NOUN cjal-3230 522 5 and and CCONJ cjal-3230 522 6 finance finance PROPN cjal-3230 522 7 dictionary dictionary PROPN cjal-3230 522 8 , , PUNCT cjal-3230 522 9 howard howard PROPN cjal-3230 522 10 bryan bryan PROPN cjal-3230 522 11 bonham bonham PROPN cjal-3230 522 12 , , PUNCT cjal-3230 522 13 adams adams PROPN cjal-3230 522 14 media media PROPN cjal-3230 522 15 corporation corporation PROPN cjal-3230 522 16 , , PUNCT cjal-3230 522 17 2001 2001 NUM cjal-3230 522 18 , , PUNCT cjal-3230 522 19 at at ADP cjal-3230 522 20 541 541 NUM cjal-3230 522 21 . . PUNCT cjal-3230 523 1 historically historically ADV cjal-3230 523 2 , , PUNCT cjal-3230 523 3 in in ADP cjal-3230 523 4 the the DET cjal-3230 523 5 u.s u.s PROPN cjal-3230 523 6 . . PROPN cjal-3230 523 7 case case NOUN cjal-3230 523 8 , , PUNCT cjal-3230 523 9 economic economic ADJ cjal-3230 523 10 contractions contraction NOUN cjal-3230 523 11 have have AUX cjal-3230 523 12 lasted last VERB cjal-3230 523 13 an an DET cjal-3230 523 14 average average NOUN cjal-3230 523 15 of of ADP cjal-3230 523 16 eleven eleven NUM cjal-3230 523 17 months month NOUN cjal-3230 523 18 , , PUNCT cjal-3230 523 19 while while SCONJ cjal-3230 523 20 economic economic ADJ cjal-3230 523 21 expansions expansion NOUN cjal-3230 523 22 have have AUX cjal-3230 523 23 averaged average VERB cjal-3230 523 24 in in ADP cjal-3230 523 25 length length NOUN cjal-3230 523 26 of of ADP cjal-3230 523 27 50 50 NUM cjal-3230 523 28 months month NOUN cjal-3230 523 29 . . PUNCT cjal-3230 524 1 i i PRON cjal-3230 524 2 d. d. PROPN cjal-3230 524 3 120 120 NUM cjal-3230 524 4 recessions recession NOUN cjal-3230 524 5 tend tend VERB cjal-3230 524 6 to to PART cjal-3230 524 7 lower lower VERB cjal-3230 524 8 government government NOUN cjal-3230 524 9 revenue revenue NOUN cjal-3230 524 10 because because SCONJ cjal-3230 524 11 in in ADP cjal-3230 524 12 a a DET cjal-3230 524 13 recession recession NOUN cjal-3230 524 14 , , PUNCT cjal-3230 524 15 net net ADJ cjal-3230 524 16 aggregate aggregate ADJ cjal-3230 524 17 wealth wealth NOUN cjal-3230 524 18 is be AUX cjal-3230 524 19 decreased decrease VERB cjal-3230 524 20 , , PUNCT cjal-3230 524 21 thus thus ADV cjal-3230 524 22 average average ADJ cjal-3230 524 23 individual individual ADJ cjal-3230 524 24 and and CCONJ cjal-3230 524 25 corporate corporate ADJ cjal-3230 524 26 gdp gdp NOUN cjal-3230 524 27 decreases decrease NOUN cjal-3230 524 28 , , PUNCT cjal-3230 524 29 which which PRON cjal-3230 524 30 in in ADP cjal-3230 524 31 turn turn NOUN cjal-3230 524 32 , , PUNCT cjal-3230 524 33 decreases decrease VERB cjal-3230 524 34 net net ADJ cjal-3230 524 35 average average ADJ cjal-3230 524 36 individual individual ADJ cjal-3230 524 37 and and CCONJ cjal-3230 524 38 corporate corporate ADJ cjal-3230 524 39 taxable taxable ADJ cjal-3230 524 40 income income NOUN cjal-3230 524 41 , , PUNCT cjal-3230 524 42 and and CCONJ cjal-3230 524 43 therefore therefore ADV cjal-3230 524 44 , , PUNCT cjal-3230 524 45 diminishes diminish VERB cjal-3230 524 46 government government NOUN cjal-3230 524 47 revenue revenue NOUN cjal-3230 524 48 . . PUNCT cjal-3230 525 1 121 121 NUM cjal-3230 525 2 see see VERB cjal-3230 525 3 krugman krugman PROPN cjal-3230 525 4 at at ADP cjal-3230 525 5 550 550 NUM cjal-3230 525 6 . . PUNCT cjal-3230 525 7 122 122 NUM cjal-3230 525 8 see see VERB cjal-3230 525 9 hong hong PROPN cjal-3230 525 10 at at ADP cjal-3230 525 11 . . PROPN cjal-3230 526 1 99 99 NUM cjal-3230 526 2 ( ( PUNCT cjal-3230 526 3 noting note VERB cjal-3230 526 4 the the DET cjal-3230 526 5 increase increase NOUN cjal-3230 526 6 in in ADP cjal-3230 526 7 the the DET cjal-3230 526 8 ratio ratio NOUN cjal-3230 526 9 of of ADP cjal-3230 526 10 gross gross ADJ cjal-3230 526 11 tax tax NOUN cjal-3230 526 12 burden burden NOUN cjal-3230 526 13 to to ADP cjal-3230 526 14 gdp gdp NOUN cjal-3230 526 15 from from ADP cjal-3230 526 16 18 18 NUM cjal-3230 526 17 percent percent NOUN cjal-3230 526 18 in in ADP cjal-3230 526 19 1980 1980 NUM cjal-3230 526 20 - - SYM cjal-3230 526 21 89 89 NUM cjal-3230 526 22 to to ADP cjal-3230 526 23 about about ADV cjal-3230 526 24 19 19 NUM cjal-3230 526 25 percent percent NOUN cjal-3230 526 26 during during ADP cjal-3230 526 27 ' ' NUM cjal-3230 526 28 1991 1991 NUM cjal-3230 526 29 - - SYM cjal-3230 526 30 99 99 NUM cjal-3230 526 31 ) ) PUNCT cjal-3230 526 32 . . PUNCT cjal-3230 527 1 2004 2004 NUM cjal-3230 527 2 ] ] PUNCT cjal-3230 527 3 columbia columbia PROPN cjal-3230 527 4 journal journal PROPN cjal-3230 527 5 of of ADP cjal-3230 527 6 asian asian ADJ cjal-3230 527 7 law law NOUN cjal-3230 527 8 4 4 NUM cjal-3230 527 9 . . PUNCT cjal-3230 528 1 because because SCONJ cjal-3230 528 2 of of ADP cjal-3230 528 3 the the DET cjal-3230 528 4 perceived perceive VERB cjal-3230 528 5 likelihood likelihood NOUN cjal-3230 528 6 of of ADP cjal-3230 528 7 a a DET cjal-3230 528 8 " " PUNCT cjal-3230 528 9 bubble bubble NOUN cjal-3230 528 10 burst burst NOUN cjal-3230 528 11 " " PUNCT cjal-3230 528 12 scenario scenario NOUN cjal-3230 528 13 , , PUNCT cjal-3230 528 14 that that SCONJ cjal-3230 528 15 the the DET cjal-3230 528 16 occurrence occurrence NOUN cjal-3230 528 17 of of ADP cjal-3230 528 18 such such DET cjal-3230 528 19 a a DET cjal-3230 528 20 " " PUNCT cjal-3230 528 21 bubble bubble NOUN cjal-3230 528 22 " " PUNCT cjal-3230 528 23 scenario scenario NOUN cjal-3230 528 24 in in ADP cjal-3230 528 25 the the DET cjal-3230 528 26 korean korean ADJ cjal-3230 528 27 real real ADJ cjal-3230 528 28 estate estate NOUN cjal-3230 528 29 markets market NOUN cjal-3230 528 30 will will AUX cjal-3230 528 31 have have VERB cjal-3230 528 32 a a DET cjal-3230 528 33 net net ADJ cjal-3230 528 34 negative negative ADJ cjal-3230 528 35 effect effect NOUN cjal-3230 528 36 on on ADP cjal-3230 528 37 the the DET cjal-3230 528 38 domestic domestic ADJ cjal-3230 528 39 economy economy NOUN cjal-3230 528 40 , , PUNCT cjal-3230 528 41 rather rather ADV cjal-3230 528 42 than than ADP cjal-3230 528 43 as as ADP cjal-3230 528 44 a a DET cjal-3230 528 45 net net ADJ cjal-3230 528 46 positive positive ADJ cjal-3230 528 47 in in ADP cjal-3230 528 48 the the DET cjal-3230 528 49 form form NOUN cjal-3230 528 50 of of ADP cjal-3230 528 51 much much ADV cjal-3230 528 52 - - PUNCT cjal-3230 528 53 needed need VERB cjal-3230 528 54 added add VERB cjal-3230 528 55 wealth wealth NOUN cjal-3230 528 56 creation creation NOUN cjal-3230 528 57 into into ADP cjal-3230 528 58 society society NOUN cjal-3230 528 59 . . PUNCT cjal-3230 529 1 the the DET cjal-3230 529 2 anti anti ADJ cjal-3230 529 3 - - ADJ cjal-3230 529 4 speculation speculation ADJ cjal-3230 529 5 laws law NOUN cjal-3230 529 6 assume assume VERB cjal-3230 529 7 that that SCONJ cjal-3230 529 8 ( ( PUNCT cjal-3230 529 9 i i NOUN cjal-3230 529 10 ) ) PUNCT cjal-3230 529 11 a a DET cjal-3230 529 12 " " PUNCT cjal-3230 529 13 bubble bubble NOUN cjal-3230 529 14 " " PUNCT cjal-3230 529 15 scenario scenario NOUN cjal-3230 529 16 exists exist VERB cjal-3230 529 17 in in ADP cjal-3230 529 18 the the DET cjal-3230 529 19 korean korean ADJ cjal-3230 529 20 real real ADJ cjal-3230 529 21 estate estate NOUN cjal-3230 529 22 markets market NOUN cjal-3230 529 23 ; ; PUNCT cjal-3230 529 24 and and CCONJ cjal-3230 529 25 ( ( PUNCT cjal-3230 529 26 ii ii NOUN cjal-3230 529 27 ) ) PUNCT cjal-3230 529 28 that that SCONJ cjal-3230 529 29 such such DET cjal-3230 529 30 a a DET cjal-3230 529 31 " " PUNCT cjal-3230 529 32 bubble bubble NOUN cjal-3230 529 33 " " PUNCT cjal-3230 529 34 will will AUX cjal-3230 529 35 have have VERB cjal-3230 529 36 a a DET cjal-3230 529 37 net net ADJ cjal-3230 529 38 negative negative ADJ cjal-3230 529 39 effect effect NOUN cjal-3230 529 40 on on ADP cjal-3230 529 41 the the DET cjal-3230 529 42 korean korean ADJ cjal-3230 529 43 real real ADJ cjal-3230 529 44 estate estate NOUN cjal-3230 529 45 markets market NOUN cjal-3230 529 46 . . PUNCT cjal-3230 530 1 '23 '23 NUM cjal-3230 530 2 in in ADP cjal-3230 530 3 general general ADJ cjal-3230 530 4 , , PUNCT cjal-3230 530 5 when when SCONJ cjal-3230 530 6 faced face VERB cjal-3230 530 7 with with ADP cjal-3230 530 8 a a DET cjal-3230 530 9 " " PUNCT cjal-3230 530 10 bubble bubble NOUN cjal-3230 530 11 " " PUNCT cjal-3230 530 12 scenario scenario NOUN cjal-3230 530 13 , , PUNCT cjal-3230 530 14 the the DET cjal-3230 530 15 government government NOUN cjal-3230 530 16 has have VERB cjal-3230 530 17 several several ADJ cjal-3230 530 18 options option NOUN cjal-3230 530 19 from from ADP cjal-3230 530 20 a a DET cjal-3230 530 21 policy policy NOUN cjal-3230 530 22 perspective perspective NOUN cjal-3230 530 23 : : PUNCT cjal-3230 530 24 the the DET cjal-3230 530 25 government government NOUN cjal-3230 530 26 can can AUX cjal-3230 530 27 take take VERB cjal-3230 530 28 an an DET cjal-3230 530 29 interventionist interventionist NOUN cjal-3230 530 30 approach'24 approach'24 PROPN cjal-3230 530 31 by by ADP cjal-3230 530 32 enacting enact VERB cjal-3230 530 33 legislation legislation NOUN cjal-3230 530 34 in in ADP cjal-3230 530 35 an an DET cjal-3230 530 36 attempt attempt NOUN cjal-3230 530 37 to to PART cjal-3230 530 38 counter counter VERB cjal-3230 530 39 market market NOUN cjal-3230 530 40 forces force NOUN cjal-3230 530 41 , , PUNCT cjal-3230 530 42 or or CCONJ cjal-3230 530 43 alternatively alternatively ADV cjal-3230 530 44 , , PUNCT cjal-3230 530 45 the the DET cjal-3230 530 46 government government NOUN cjal-3230 530 47 can can AUX cjal-3230 530 48 simply simply ADV cjal-3230 530 49 do do VERB cjal-3230 530 50 nothing nothing PRON cjal-3230 530 51 . . PUNCT cjal-3230 531 1 '25 '25 NUM cjal-3230 531 2 real real ADJ cjal-3230 531 3 estate estate NOUN cjal-3230 531 4 investments investment NOUN cjal-3230 531 5 in in ADP cjal-3230 531 6 korea korea PROPN cjal-3230 531 7 have have AUX cjal-3230 531 8 symbolized symbolize VERB cjal-3230 531 9 the the DET cjal-3230 531 10 traditional traditional ADJ cjal-3230 531 11 investment investment NOUN cjal-3230 531 12 means mean VERB cjal-3230 531 13 for for ADP cjal-3230 531 14 everyday everyday ADJ cjal-3230 531 15 koreans koreans PROPN cjal-3230 531 16 . . PUNCT cjal-3230 532 1 26 26 NUM cjal-3230 532 2 however however ADV cjal-3230 532 3 , , PUNCT cjal-3230 532 4 the the DET cjal-3230 532 5 antispeculation antispeculation NOUN cjal-3230 532 6 laws law NOUN cjal-3230 532 7 in in ADP cjal-3230 532 8 effect effect NOUN cjal-3230 532 9 take take VERB cjal-3230 532 10 away away ADV cjal-3230 532 11 the the DET cjal-3230 532 12 potential potential ADJ cjal-3230 532 13 benefits benefit NOUN cjal-3230 532 14 and and CCONJ cjal-3230 532 15 incentives incentive NOUN cjal-3230 532 16 of of ADP cjal-3230 532 17 investing invest VERB cjal-3230 532 18 in in ADP cjal-3230 532 19 the the DET cjal-3230 532 20 real real ADJ cjal-3230 532 21 estate estate NOUN cjal-3230 532 22 markets market NOUN cjal-3230 532 23 that that PRON cjal-3230 532 24 have have AUX cjal-3230 532 25 been be AUX cjal-3230 532 26 relied rely VERB cjal-3230 532 27 upon upon SCONJ cjal-3230 532 28 by by ADP cjal-3230 532 29 investors investor NOUN cjal-3230 532 30 in in ADP cjal-3230 532 31 korea korea PROPN cjal-3230 532 32 . . PUNCT cjal-3230 533 1 '27 '27 NUM cjal-3230 533 2 even even ADV cjal-3230 533 3 further far ADV cjal-3230 533 4 , , PUNCT cjal-3230 533 5 by by ADP cjal-3230 533 6 providing provide VERB cjal-3230 533 7 a a DET cjal-3230 533 8 disincentive disincentive NOUN cjal-3230 533 9 in in ADP cjal-3230 533 10 the the DET cjal-3230 533 11 real real ADJ cjal-3230 533 12 estate estate NOUN cjal-3230 533 13 markets market NOUN cjal-3230 533 14 vis vis X cjal-3230 533 15 - - PUNCT cjal-3230 533 16 a a PRON cjal-3230 533 17 - - PUNCT cjal-3230 533 18 vis vis X cjal-3230 533 19 higher high ADJ cjal-3230 533 20 property property NOUN cjal-3230 533 21 taxes taxis NOUN cjal-3230 533 22 , , PUNCT cjal-3230 533 23 korean korean ADJ cjal-3230 533 24 investors investor NOUN cjal-3230 533 25 will will AUX cjal-3230 533 26 be be AUX cjal-3230 533 27 forced force VERB cjal-3230 533 28 to to PART cjal-3230 533 29 divert divert VERB cjal-3230 533 30 their their PRON cjal-3230 533 31 money money NOUN cjal-3230 533 32 to to ADP cjal-3230 533 33 the the DET cjal-3230 533 34 equity equity NOUN cjal-3230 533 35 or or CCONJ cjal-3230 533 36 other other ADJ cjal-3230 533 37 alternative alternative ADJ cjal-3230 533 38 markets,'28 markets,'28 PROPN cjal-3230 533 39 or or CCONJ cjal-3230 533 40 perhaps perhaps ADV cjal-3230 533 41 even even ADV cjal-3230 533 42 more more ADV cjal-3230 533 43 drastically drastically ADV cjal-3230 533 44 , , PUNCT cjal-3230 533 45 invest invest VERB cjal-3230 533 46 in in ADP cjal-3230 533 47 offshore offshore ADJ cjal-3230 533 48 markets market NOUN cjal-3230 533 49 , , PUNCT cjal-3230 533 50 which which PRON cjal-3230 533 51 will will AUX cjal-3230 533 52 123 123 NUM cjal-3230 533 53 see see VERB cjal-3230 533 54 lee lee PROPN cjal-3230 533 55 , , PUNCT cjal-3230 533 56 r.y.at r.y.at VERB cjal-3230 533 57 1 1 NUM cjal-3230 533 58 124 124 NUM cjal-3230 533 59 " " PUNCT cjal-3230 533 60 like like ADP cjal-3230 533 61 keynesians keynesian NOUN cjal-3230 533 62 we we PRON cjal-3230 533 63 believe believe VERB cjal-3230 533 64 that that SCONJ cjal-3230 533 65 an an DET cjal-3230 533 66 economy economy NOUN cjal-3230 533 67 can can AUX cjal-3230 533 68 settle settle VERB cjal-3230 533 69 at at ADP cjal-3230 533 70 a a DET cjal-3230 533 71 level level NOUN cjal-3230 533 72 of of ADP cjal-3230 533 73 national national ADJ cjal-3230 533 74 income income NOUN cjal-3230 533 75 which which PRON cjal-3230 533 76 is be AUX cjal-3230 533 77 not not PART cjal-3230 533 78 at at ADP cjal-3230 533 79 full full ADJ cjal-3230 533 80 capacity capacity NOUN cjal-3230 533 81 , , PUNCT cjal-3230 533 82 and and CCONJ cjal-3230 533 83 then then ADV cjal-3230 533 84 we we PRON cjal-3230 533 85 can can AUX cjal-3230 533 86 increase increase VERB cjal-3230 533 87 aggregate aggregate ADJ cjal-3230 533 88 demand demand NOUN cjal-3230 533 89 and and CCONJ cjal-3230 533 90 national national ADJ cjal-3230 533 91 income income NOUN cjal-3230 533 92 . . PUNCT cjal-3230 533 93 " " PUNCT cjal-3230 534 1 therefore therefore ADV cjal-3230 534 2 , , PUNCT cjal-3230 534 3 given give VERB cjal-3230 534 4 this this PRON cjal-3230 534 5 , , PUNCT cjal-3230 534 6 most most ADJ cjal-3230 534 7 keynesians keynesian NOUN cjal-3230 534 8 would would AUX cjal-3230 534 9 believe believe VERB cjal-3230 534 10 that that SCONJ cjal-3230 534 11 government government NOUN cjal-3230 534 12 intervention intervention NOUN cjal-3230 534 13 can can AUX cjal-3230 534 14 constitute constitute VERB cjal-3230 534 15 an an DET cjal-3230 534 16 ajpropriate ajpropriate ADJ cjal-3230 534 17 and and CCONJ cjal-3230 534 18 effective effective ADJ cjal-3230 534 19 means mean NOUN cjal-3230 534 20 by by ADP cjal-3230 534 21 which which PRON cjal-3230 534 22 to to PART cjal-3230 534 23 stimulate stimulate VERB cjal-3230 534 24 economic economic ADJ cjal-3230 534 25 growth growth NOUN cjal-3230 534 26 . . PUNCT cjal-3230 535 1 see see VERB cjal-3230 535 2 harding harding PROPN cjal-3230 535 3 at at ADP cjal-3230 535 4 190 190 NUM cjal-3230 535 5 - - SYM cjal-3230 535 6 191 191 NUM cjal-3230 535 7 " " PUNCT cjal-3230 535 8 laissez laissez NOUN cjal-3230 535 9 - - PUNCT cjal-3230 535 10 faire faire X cjal-3230 535 11 or or CCONJ cjal-3230 535 12 non non ADJ cjal-3230 535 13 - - ADJ cjal-3230 535 14 interventionist interventionist ADJ cjal-3230 535 15 model model NOUN cjal-3230 535 16 of of ADP cjal-3230 535 17 economic economic ADJ cjal-3230 535 18 management management NOUN cjal-3230 535 19 develops develop VERB cjal-3230 535 20 where where SCONJ cjal-3230 535 21 economic economic ADJ cjal-3230 535 22 power power NOUN cjal-3230 535 23 rests rest VERB cjal-3230 535 24 in in ADP cjal-3230 535 25 the the DET cjal-3230 535 26 hands hand NOUN cjal-3230 535 27 of of ADP cjal-3230 535 28 businesses business NOUN cjal-3230 535 29 and and CCONJ cjal-3230 535 30 consumers consumer NOUN cjal-3230 535 31 through through ADP cjal-3230 535 32 their their PRON cjal-3230 535 33 demand demand NOUN cjal-3230 535 34 and and CCONJ cjal-3230 535 35 supply supply NOUN cjal-3230 535 36 decisions decision NOUN cjal-3230 535 37 . . PUNCT cjal-3230 535 38 " " PUNCT cjal-3230 536 1 see see VERB cjal-3230 536 2 i i PRON cjal-3230 536 3 d. d. PROPN cjal-3230 536 4 at at ADP cjal-3230 536 5 47 47 NUM cjal-3230 536 6 126 126 NUM cjal-3230 536 7 during during ADP cjal-3230 536 8 the the DET cjal-3230 536 9 chosun chosun NOUN cjal-3230 536 10 dynasty dynasty NOUN cjal-3230 536 11 , , PUNCT cjal-3230 536 12 many many ADJ cjal-3230 536 13 of of ADP cjal-3230 536 14 the the DET cjal-3230 536 15 powerful powerful ADJ cjal-3230 536 16 bureaucratic bureaucratic ADJ cjal-3230 536 17 elites elite NOUN cjal-3230 536 18 ( ( PUNCT cjal-3230 536 19 yangban yangban ADJ cjal-3230 536 20 ) ) PUNCT cjal-3230 536 21 derived derive VERB cjal-3230 536 22 much much ADJ cjal-3230 536 23 of of ADP cjal-3230 536 24 their their PRON cjal-3230 536 25 wealth wealth NOUN cjal-3230 536 26 from from ADP cjal-3230 536 27 land land NOUN cjal-3230 536 28 ownership ownership NOUN cjal-3230 536 29 . . PUNCT cjal-3230 537 1 at at ADP cjal-3230 537 2 times time NOUN cjal-3230 537 3 , , PUNCT cjal-3230 537 4 such such ADJ cjal-3230 537 5 land land NOUN cjal-3230 537 6 was be AUX cjal-3230 537 7 provided provide VERB cjal-3230 537 8 to to ADP cjal-3230 537 9 the the DET cjal-3230 537 10 yangban yangban NOUN cjal-3230 537 11 by by ADP cjal-3230 537 12 the the DET cjal-3230 537 13 korean korean ADJ cjal-3230 537 14 government government NOUN cjal-3230 537 15 . . PUNCT cjal-3230 538 1 see see VERB cjal-3230 538 2 duncan duncan PROPN cjal-3230 538 3 at at ADP cjal-3230 538 4 150 150 NUM cjal-3230 538 5 . . PUNCT cjal-3230 539 1 127 127 NUM cjal-3230 539 2 see see VERB cjal-3230 539 3 i i PRON cjal-3230 539 4 d. d. PROPN cjal-3230 539 5 128 128 NUM cjal-3230 539 6 a a DET cjal-3230 539 7 concern concern NOUN cjal-3230 539 8 also also ADV cjal-3230 539 9 arises arise VERB cjal-3230 539 10 whether whether SCONJ cjal-3230 539 11 the the DET cjal-3230 539 12 korean korean ADJ cjal-3230 539 13 government government NOUN cjal-3230 539 14 would would AUX cjal-3230 539 15 propose propose VERB cjal-3230 539 16 legislation legislation NOUN cjal-3230 539 17 which which PRON cjal-3230 539 18 attempts attempt VERB cjal-3230 539 19 to to PART cjal-3230 539 20 curb curb VERB cjal-3230 539 21 equity equity NOUN cjal-3230 539 22 market market NOUN cjal-3230 539 23 " " PUNCT cjal-3230 539 24 speculation speculation NOUN cjal-3230 539 25 " " PUNCT cjal-3230 539 26 in in ADP cjal-3230 539 27 the the DET cjal-3230 539 28 event event NOUN cjal-3230 539 29 that that PRON cjal-3230 539 30 the the DET cjal-3230 539 31 korean korean ADJ cjal-3230 539 32 equity equity NOUN cjal-3230 539 33 markets market NOUN cjal-3230 539 34 ( ( PUNCT cjal-3230 539 35 i.e. i.e. X cjal-3230 539 36 , , PUNCT cjal-3230 539 37 kospi kospi NOUN cjal-3230 539 38 or or CCONJ cjal-3230 539 39 kosdaq kosdaq PROPN cjal-3230 539 40 ) ) PUNCT cjal-3230 539 41 enters enter VERB cjal-3230 539 42 into into ADP cjal-3230 539 43 a a DET cjal-3230 539 44 sustained sustain VERB cjal-3230 539 45 bull bull NOUN cjal-3230 539 46 run run NOUN cjal-3230 539 47 scenario scenario NOUN cjal-3230 539 48 . . PUNCT cjal-3230 540 1 currently currently ADV cjal-3230 540 2 , , PUNCT cjal-3230 540 3 many many ADJ cjal-3230 540 4 offshore offshore ADJ cjal-3230 540 5 investors investor NOUN cjal-3230 540 6 are be AUX cjal-3230 540 7 relatively relatively ADV cjal-3230 540 8 bullish bullish ADJ cjal-3230 540 9 on on ADP cjal-3230 540 10 korean korean ADJ cjal-3230 540 11 equities equity NOUN cjal-3230 540 12 , , PUNCT cjal-3230 540 13 based base VERB cjal-3230 540 14 in in ADP cjal-3230 540 15 part part NOUN cjal-3230 540 16 , , PUNCT cjal-3230 540 17 that that SCONJ cjal-3230 540 18 the the DET cjal-3230 540 19 korean korean ADJ cjal-3230 540 20 economy economy NOUN cjal-3230 540 21 is be AUX cjal-3230 540 22 primarily primarily ADV cjal-3230 540 23 driven drive VERB cjal-3230 540 24 by by ADP cjal-3230 540 25 market market NOUN cjal-3230 540 26 principles principle NOUN cjal-3230 540 27 and and CCONJ cjal-3230 540 28 greater great ADJ cjal-3230 540 29 regulatory regulatory ADJ cjal-3230 540 30 reform reform NOUN cjal-3230 540 31 and and CCONJ cjal-3230 540 32 liberalization liberalization NOUN cjal-3230 540 33 . . PUNCT cjal-3230 541 1 however however ADV cjal-3230 541 2 , , PUNCT cjal-3230 541 3 if if SCONJ cjal-3230 541 4 the the DET cjal-3230 541 5 government government NOUN cjal-3230 541 6 did do AUX cjal-3230 541 7 in in ADP cjal-3230 541 8 fact fact NOUN cjal-3230 541 9 take take VERB cjal-3230 541 10 legislative legislative ADJ cjal-3230 541 11 measures measure NOUN cjal-3230 541 12 to to PART cjal-3230 541 13 curb curb VERB cjal-3230 541 14 the the DET cjal-3230 541 15 equity equity NOUN cjal-3230 541 16 markets market NOUN cjal-3230 541 17 , , PUNCT cjal-3230 541 18 offshore offshore ADJ cjal-3230 541 19 investors investor NOUN cjal-3230 541 20 could could AUX cjal-3230 541 21 very very ADV cjal-3230 541 22 well well ADV cjal-3230 541 23 switch switch VERB cjal-3230 541 24 from from ADP cjal-3230 541 25 " " PUNCT cjal-3230 541 26 greed greed NOUN cjal-3230 541 27 " " PUNCT cjal-3230 541 28 to to PART cjal-3230 541 29 " " PUNCT cjal-3230 541 30 fear fear VERB cjal-3230 541 31 " " PUNCT cjal-3230 541 32 mode mode NOUN cjal-3230 541 33 and and CCONJ cjal-3230 541 34 pull pull VERB cjal-3230 541 35 their their PRON cjal-3230 541 36 money money NOUN cjal-3230 541 37 out out ADP cjal-3230 541 38 of of ADP cjal-3230 541 39 the the DET cjal-3230 541 40 korean korean ADJ cjal-3230 541 41 equity equity NOUN cjal-3230 541 42 markets market NOUN cjal-3230 541 43 , , PUNCT cjal-3230 541 44 setting set VERB cjal-3230 541 45 off off ADP cjal-3230 541 46 a a DET cjal-3230 541 47 potential potential ADJ cjal-3230 541 48 panic panic NOUN cjal-3230 541 49 . . PUNCT cjal-3230 542 1 if if SCONJ cjal-3230 542 2 this this PRON cjal-3230 542 3 plays play VERB cjal-3230 542 4 out out ADP cjal-3230 542 5 to to PART cjal-3230 542 6 be be AUX cjal-3230 542 7 true true ADJ cjal-3230 542 8 in in ADP cjal-3230 542 9 the the DET cjal-3230 542 10 equities equity NOUN cjal-3230 542 11 markets market NOUN cjal-3230 542 12 , , PUNCT cjal-3230 542 13 one one PRON cjal-3230 542 14 must must AUX cjal-3230 542 15 also also ADV cjal-3230 542 16 debate debate VERB cjal-3230 542 17 whether whether SCONJ cjal-3230 542 18 this this DET cjal-3230 542 19 scenario scenario NOUN cjal-3230 542 20 could could AUX cjal-3230 542 21 also also ADV cjal-3230 542 22 occur occur VERB cjal-3230 542 23 in in ADP cjal-3230 542 24 the the DET cjal-3230 542 25 real real ADJ cjal-3230 542 26 estate estate NOUN cjal-3230 542 27 markets market NOUN cjal-3230 542 28 , , PUNCT cjal-3230 542 29 as as SCONJ cjal-3230 542 30 it it PRON cjal-3230 542 31 relates relate VERB cjal-3230 542 32 to to ADP cjal-3230 542 33 the the DET cjal-3230 542 34 anti anti ADJ cjal-3230 542 35 - - ADJ cjal-3230 542 36 speculation speculation ADJ cjal-3230 542 37 laws law NOUN cjal-3230 542 38 , , PUNCT cjal-3230 542 39 either either CCONJ cjal-3230 542 40 before before ADV cjal-3230 542 41 , , PUNCT cjal-3230 542 42 on on ADV cjal-3230 542 43 , , PUNCT cjal-3230 542 44 or or CCONJ cjal-3230 542 45 after after ADP cjal-3230 542 46 its its PRON cjal-3230 542 47 implementation implementation NOUN cjal-3230 542 48 into into ADP cjal-3230 542 49 law law NOUN cjal-3230 542 50 . . PUNCT cjal-3230 543 1 [ [ X cjal-3230 543 2 18:1 18:1 NUM cjal-3230 543 3 2004 2004 NUM cjal-3230 543 4 ] ] PUNCT cjal-3230 543 5 anti anti ADJ cjal-3230 543 6 - - ADJ cjal-3230 543 7 specula specula ADJ cjal-3230 543 8 tion tion NOUN cjal-3230 543 9 laws law NOUN cjal-3230 543 10 and and CCONJ cjal-3230 543 11 their their PRON cjal-3230 543 12 impa impa PROPN cjal-3230 543 13 ct ct PROPN cjal-3230 543 14 siphon siphon VERB cjal-3230 543 15 korean korean ADJ cjal-3230 543 16 currency currency NOUN cjal-3230 543 17 offshore offshore ADV cjal-3230 543 18 where where SCONJ cjal-3230 543 19 korean korean ADJ cjal-3230 543 20 regulators regulator NOUN cjal-3230 543 21 will will AUX cjal-3230 543 22 not not PART cjal-3230 543 23 have have VERB cjal-3230 543 24 jurisdiction jurisdiction NOUN cjal-3230 543 25 . . PUNCT cjal-3230 544 1 moderate moderate ADJ cjal-3230 544 2 or or CCONJ cjal-3230 544 3 even even ADV cjal-3230 544 4 rapid rapid ADJ cjal-3230 544 5 increases increase NOUN cjal-3230 544 6 in in ADP cjal-3230 544 7 value value NOUN cjal-3230 544 8 should should AUX cjal-3230 544 9 not not PART cjal-3230 544 10 in in ADP cjal-3230 544 11 and and CCONJ cjal-3230 544 12 of of ADP cjal-3230 544 13 itself itself PRON cjal-3230 544 14 be be AUX cjal-3230 544 15 viewed view VERB cjal-3230 544 16 as as ADP cjal-3230 544 17 a a DET cjal-3230 544 18 net net ADJ cjal-3230 544 19 negative negative NOUN cjal-3230 544 20 to to ADP cjal-3230 544 21 the the DET cjal-3230 544 22 korean korean ADJ cjal-3230 544 23 economy economy NOUN cjal-3230 544 24 . . PUNCT cjal-3230 545 1 an an DET cjal-3230 545 2 alternative alternative ADJ cjal-3230 545 3 view view NOUN cjal-3230 545 4 that that SCONJ cjal-3230 545 5 the the DET cjal-3230 545 6 korean korean ADJ cjal-3230 545 7 government government NOUN cjal-3230 545 8 could could AUX cjal-3230 545 9 take take VERB cjal-3230 545 10 is be AUX cjal-3230 545 11 that that SCONJ cjal-3230 545 12 ( ( PUNCT cjal-3230 545 13 i i NOUN cjal-3230 545 14 ) ) PUNCT cjal-3230 545 15 an an DET cjal-3230 545 16 increase increase NOUN cjal-3230 545 17 in in ADP cjal-3230 545 18 overall overall ADJ cjal-3230 545 19 property property NOUN cjal-3230 545 20 values value NOUN cjal-3230 545 21 is be AUX cjal-3230 545 22 a a DET cjal-3230 545 23 viable viable ADJ cjal-3230 545 24 form form NOUN cjal-3230 545 25 of of ADP cjal-3230 545 26 wealth wealth NOUN cjal-3230 545 27 creation creation NOUN cjal-3230 545 28 for for ADP cjal-3230 545 29 the the DET cjal-3230 545 30 country country NOUN cjal-3230 545 31 ; ; PUNCT cjal-3230 545 32 ( ( PUNCT cjal-3230 545 33 ii ii NOUN cjal-3230 545 34 ) ) PUNCT cjal-3230 545 35 because because SCONJ cjal-3230 545 36 people people NOUN cjal-3230 545 37 's 's PART cjal-3230 545 38 wealth wealth NOUN cjal-3230 545 39 is be AUX cjal-3230 545 40 being be AUX cjal-3230 545 41 increased increase VERB cjal-3230 545 42 , , PUNCT cjal-3230 545 43 this this PRON cjal-3230 545 44 will will AUX cjal-3230 545 45 in in ADP cjal-3230 545 46 turn turn NOUN cjal-3230 545 47 lead lead VERB cjal-3230 545 48 to to ADP cjal-3230 545 49 greater great ADJ cjal-3230 545 50 taxable taxable ADJ cjal-3230 545 51 income income NOUN cjal-3230 545 52 , , PUNCT cjal-3230 545 53 which which PRON cjal-3230 545 54 will will AUX cjal-3230 545 55 in in ADP cjal-3230 545 56 turn turn NOUN cjal-3230 545 57 , , PUNCT cjal-3230 545 58 lead lead VERB cjal-3230 545 59 to to ADP cjal-3230 545 60 greater great ADJ cjal-3230 545 61 government government NOUN cjal-3230 545 62 revenue revenue NOUN cjal-3230 545 63 ; ; PUNCT cjal-3230 545 64 and and CCONJ cjal-3230 545 65 ( ( PUNCT cjal-3230 545 66 iii iii NOUN cjal-3230 545 67 ) ) PUNCT cjal-3230 545 68 that that SCONJ cjal-3230 545 69 even even ADV cjal-3230 545 70 if if SCONJ cjal-3230 545 71 the the DET cjal-3230 545 72 real real ADJ cjal-3230 545 73 estate estate NOUN cjal-3230 545 74 markets market NOUN cjal-3230 545 75 do do AUX cjal-3230 545 76 in in ADP cjal-3230 545 77 fact fact NOUN cjal-3230 545 78 go go VERB cjal-3230 545 79 down down ADV cjal-3230 545 80 , , PUNCT cjal-3230 545 81 that that SCONJ cjal-3230 545 82 all all DET cjal-3230 545 83 markets market NOUN cjal-3230 545 84 by by ADP cjal-3230 545 85 definition definition NOUN cjal-3230 545 86 fluctuate fluctuate NOUN cjal-3230 545 87 . . PUNCT cjal-3230 546 1 this this PRON cjal-3230 546 2 implies imply VERB cjal-3230 546 3 that that SCONJ cjal-3230 546 4 risk risk NOUN cjal-3230 546 5 exists exist VERB cjal-3230 546 6 , , PUNCT cjal-3230 546 7 but but CCONJ cjal-3230 546 8 that that SCONJ cjal-3230 546 9 such such ADJ cjal-3230 546 10 risk risk NOUN cjal-3230 546 11 inevitably inevitably ADV cjal-3230 546 12 exists exist VERB cjal-3230 546 13 in in ADP cjal-3230 546 14 nearly nearly ADV cjal-3230 546 15 every every PRON cjal-3230 546 16 investment investment NOUN cjal-3230 546 17 . . PUNCT cjal-3230 547 1 ' ' PUNCT cjal-3230 547 2 29 29 NUM cjal-3230 547 3 5 5 NUM cjal-3230 547 4 . . PUNCT cjal-3230 548 1 it it PRON cjal-3230 548 2 is be AUX cjal-3230 548 3 the the DET cjal-3230 548 4 role role NOUN cjal-3230 548 5 of of ADP cjal-3230 548 6 the the DET cjal-3230 548 7 government government NOUN cjal-3230 548 8 to to PART cjal-3230 548 9 help help VERB cjal-3230 548 10 its its PRON cjal-3230 548 11 people people NOUN cjal-3230 548 12 protect protect VERB cjal-3230 548 13 themselves themselves PRON cjal-3230 548 14 against against ADP cjal-3230 548 15 the the DET cjal-3230 548 16 " " PUNCT cjal-3230 548 17 bubble bubble NOUN cjal-3230 548 18 burst burst NOUN cjal-3230 548 19 " " PUNCT cjal-3230 548 20 scenario scenario NOUN cjal-3230 548 21 , , PUNCT cjal-3230 548 22 not not PART cjal-3230 548 23 by by ADP cjal-3230 548 24 focusing focus VERB cjal-3230 548 25 on on ADP cjal-3230 548 26 the the DET cjal-3230 548 27 consequences consequence NOUN cjal-3230 548 28 of of ADP cjal-3230 548 29 such such ADJ cjal-3230 548 30 occurrence occurrence NOUN cjal-3230 548 31 , , PUNCT cjal-3230 548 32 but but CCONJ cjal-3230 548 33 rather rather ADV cjal-3230 548 34 , , PUNCT cjal-3230 548 35 by by ADP cjal-3230 548 36 focusing focus VERB cjal-3230 548 37 on on ADP cjal-3230 548 38 how how SCONJ cjal-3230 548 39 to to PART cjal-3230 548 40 artificially artificially ADV cjal-3230 548 41 stunt stunt VERB cjal-3230 548 42 real real ADJ cjal-3230 548 43 estate estate NOUN cjal-3230 548 44 price price NOUN cjal-3230 548 45 increases increase NOUN cjal-3230 548 46 vis vis X cjal-3230 548 47 - - PUNCT cjal-3230 548 48 avis avis ADJ cjal-3230 548 49 related related ADJ cjal-3230 548 50 legislative legislative ADJ cjal-3230 548 51 enactment enactment NOUN cjal-3230 548 52 . . PUNCT cjal-3230 549 1 the the DET cjal-3230 549 2 above above ADJ cjal-3230 549 3 argument argument NOUN cjal-3230 549 4 is be AUX cjal-3230 549 5 more more ADJ cjal-3230 549 6 in in ADP cjal-3230 549 7 line line NOUN cjal-3230 549 8 with with ADP cjal-3230 549 9 the the DET cjal-3230 549 10 traditional traditional ADJ cjal-3230 549 11 keynesian keynesian ADJ cjal-3230 549 12 economic economic ADJ cjal-3230 549 13 perspective3 perspective3 NOUN cjal-3230 549 14 ° ° NUM cjal-3230 550 1 that that SCONJ cjal-3230 550 2 the the DET cjal-3230 550 3 role role NOUN cjal-3230 550 4 of of ADP cjal-3230 550 5 government government NOUN cjal-3230 550 6 should should AUX cjal-3230 550 7 be be AUX cjal-3230 550 8 active active ADJ cjal-3230 550 9 , , PUNCT cjal-3230 550 10 129 129 NUM cjal-3230 550 11 a a DET cjal-3230 550 12 good good ADJ cjal-3230 550 13 example example NOUN cjal-3230 550 14 of of ADP cjal-3230 550 15 how how SCONJ cjal-3230 550 16 risk risk NOUN cjal-3230 550 17 exists exist VERB cjal-3230 550 18 in in ADP cjal-3230 550 19 nearly nearly ADV cjal-3230 550 20 every every PRON cjal-3230 550 21 investment investment NOUN cjal-3230 550 22 relates relate VERB cjal-3230 550 23 to to ADP cjal-3230 550 24 investing invest VERB cjal-3230 550 25 in in ADP cjal-3230 550 26 u.s u.s PROPN cjal-3230 550 27 . . PROPN cjal-3230 550 28 government government NOUN cjal-3230 550 29 issued issue VERB cjal-3230 550 30 securities security NOUN cjal-3230 550 31 , , PUNCT cjal-3230 550 32 such such ADJ cjal-3230 550 33 as as ADP cjal-3230 550 34 the the DET cjal-3230 550 35 treasury treasury NOUN cjal-3230 550 36 bill bill NOUN cjal-3230 550 37 ( ( PUNCT cjal-3230 550 38 " " PUNCT cjal-3230 550 39 t t NOUN cjal-3230 550 40 - - PUNCT cjal-3230 550 41 bill bill NOUN cjal-3230 550 42 " " PUNCT cjal-3230 550 43 ) ) PUNCT cjal-3230 550 44 . . PUNCT cjal-3230 551 1 the the DET cjal-3230 551 2 u.s u.s PROPN cjal-3230 551 3 . . PROPN cjal-3230 551 4 t t PROPN cjal-3230 551 5 - - PUNCT cjal-3230 551 6 bill bill NOUN cjal-3230 551 7 is be AUX cjal-3230 551 8 perceived perceive VERB cjal-3230 551 9 as as ADP cjal-3230 551 10 the the DET cjal-3230 551 11 closest close ADJ cjal-3230 551 12 thing thing NOUN cjal-3230 551 13 to to ADP cjal-3230 551 14 a a DET cjal-3230 551 15 " " PUNCT cjal-3230 551 16 risk risk NOUN cjal-3230 551 17 - - PUNCT cjal-3230 551 18 free free ADJ cjal-3230 551 19 " " PUNCT cjal-3230 551 20 investment investment NOUN cjal-3230 551 21 relative relative ADJ cjal-3230 551 22 to to ADP cjal-3230 551 23 other other ADJ cjal-3230 551 24 investments investment NOUN cjal-3230 551 25 because because SCONJ cjal-3230 551 26 the the DET cjal-3230 551 27 t t PROPN cjal-3230 551 28 - - PUNCT cjal-3230 551 29 bill bill NOUN cjal-3230 551 30 has have VERB cjal-3230 551 31 the the DET cjal-3230 551 32 backing backing NOUN cjal-3230 551 33 of of ADP cjal-3230 551 34 the the DET cjal-3230 551 35 full full ADJ cjal-3230 551 36 faith faith NOUN cjal-3230 551 37 and and CCONJ cjal-3230 551 38 credit credit NOUN cjal-3230 551 39 of of ADP cjal-3230 551 40 the the DET cjal-3230 551 41 u.s u.s PROPN cjal-3230 551 42 . . PROPN cjal-3230 551 43 government government NOUN cjal-3230 551 44 . . PUNCT cjal-3230 552 1 this this PRON cjal-3230 552 2 is be AUX cjal-3230 552 3 not not PART cjal-3230 552 4 to to PART cjal-3230 552 5 say say VERB cjal-3230 552 6 that that SCONJ cjal-3230 552 7 the the DET cjal-3230 552 8 u.s u.s PROPN cjal-3230 552 9 . . PROPN cjal-3230 552 10 government government NOUN cjal-3230 552 11 's 's PART cjal-3230 552 12 ability ability NOUN cjal-3230 552 13 to to PART cjal-3230 552 14 repay repay VERB cjal-3230 552 15 its its PRON cjal-3230 552 16 debt debt NOUN cjal-3230 552 17 obligations obligation NOUN cjal-3230 552 18 is be AUX cjal-3230 552 19 the the DET cjal-3230 552 20 best good ADJ cjal-3230 552 21 on on ADP cjal-3230 552 22 an an DET cjal-3230 552 23 absolute absolute ADJ cjal-3230 552 24 basis basis NOUN cjal-3230 552 25 , , PUNCT cjal-3230 552 26 but but CCONJ cjal-3230 552 27 rather rather ADV cjal-3230 552 28 , , PUNCT cjal-3230 552 29 that that SCONJ cjal-3230 552 30 it it PRON cjal-3230 552 31 is be AUX cjal-3230 552 32 the the DET cjal-3230 552 33 most most ADV cjal-3230 552 34 attractive attractive ADJ cjal-3230 552 35 on on ADP cjal-3230 552 36 a a DET cjal-3230 552 37 relative relative ADJ cjal-3230 552 38 basis basis NOUN cjal-3230 552 39 . . PUNCT cjal-3230 553 1 that that PRON cjal-3230 553 2 is be AUX cjal-3230 553 3 , , PUNCT cjal-3230 553 4 compared compare VERB cjal-3230 553 5 to to PART cjal-3230 553 6 say say VERB cjal-3230 553 7 , , PUNCT cjal-3230 553 8 the the DET cjal-3230 553 9 japanese japanese ADJ cjal-3230 553 10 or or CCONJ cjal-3230 553 11 british british ADJ cjal-3230 553 12 government government NOUN cjal-3230 553 13 . . PUNCT cjal-3230 554 1 however however ADV cjal-3230 554 2 , , PUNCT cjal-3230 554 3 even even ADV cjal-3230 554 4 with with ADP cjal-3230 554 5 the the DET cjal-3230 554 6 purchase purchase NOUN cjal-3230 554 7 of of ADP cjal-3230 554 8 a a DET cjal-3230 554 9 u.s u.s PROPN cjal-3230 554 10 . . PROPN cjal-3230 554 11 government government NOUN cjal-3230 554 12 security security NOUN cjal-3230 554 13 , , PUNCT cjal-3230 554 14 some some DET cjal-3230 554 15 risk risk NOUN cjal-3230 554 16 exists exist VERB cjal-3230 554 17 . . PUNCT cjal-3230 555 1 for for ADP cjal-3230 555 2 example example NOUN cjal-3230 555 3 , , PUNCT cjal-3230 555 4 an an DET cjal-3230 555 5 inverse inverse NOUN cjal-3230 555 6 relationship relationship NOUN cjal-3230 555 7 exists exist VERB cjal-3230 555 8 between between ADP cjal-3230 555 9 bond bond NOUN cjal-3230 555 10 prices price NOUN cjal-3230 555 11 and and CCONJ cjal-3230 555 12 interest interest NOUN cjal-3230 555 13 rates rate NOUN cjal-3230 555 14 . . PUNCT cjal-3230 556 1 that that PRON cjal-3230 556 2 is be AUX cjal-3230 556 3 , , PUNCT cjal-3230 556 4 if if SCONJ cjal-3230 556 5 interest interest NOUN cjal-3230 556 6 rates rate NOUN cjal-3230 556 7 go go VERB cjal-3230 556 8 up up ADV cjal-3230 556 9 , , PUNCT cjal-3230 556 10 bond bond NOUN cjal-3230 556 11 prices price NOUN cjal-3230 556 12 go go VERB cjal-3230 556 13 down down ADV cjal-3230 556 14 . . PUNCT cjal-3230 557 1 therefore therefore ADV cjal-3230 557 2 , , PUNCT cjal-3230 557 3 given give VERB cjal-3230 557 4 a a DET cjal-3230 557 5 30 30 NUM cjal-3230 557 6 - - PUNCT cjal-3230 557 7 year year NOUN cjal-3230 557 8 u.s u.s PROPN cjal-3230 557 9 . . PROPN cjal-3230 557 10 debt debt NOUN cjal-3230 557 11 obligation obligation NOUN cjal-3230 557 12 , , PUNCT cjal-3230 557 13 certain certain ADJ cjal-3230 557 14 changes change NOUN cjal-3230 557 15 , , PUNCT cjal-3230 557 16 if if SCONJ cjal-3230 557 17 any any PRON cjal-3230 557 18 , , PUNCT cjal-3230 557 19 on on ADP cjal-3230 557 20 u.s u.s PROPN cjal-3230 557 21 . . PROPN cjal-3230 557 22 interest interest NOUN cjal-3230 557 23 rates rate NOUN cjal-3230 557 24 will will AUX cjal-3230 557 25 affect affect VERB cjal-3230 557 26 the the DET cjal-3230 557 27 bond bond NOUN cjal-3230 557 28 price price NOUN cjal-3230 557 29 , , PUNCT cjal-3230 557 30 which which PRON cjal-3230 557 31 is be AUX cjal-3230 557 32 a a DET cjal-3230 557 33 form form NOUN cjal-3230 557 34 of of ADP cjal-3230 557 35 risk risk NOUN cjal-3230 557 36 . . PUNCT cjal-3230 558 1 such such ADJ cjal-3230 558 2 risk risk NOUN cjal-3230 558 3 can can AUX cjal-3230 558 4 be be AUX cjal-3230 558 5 quantified quantify VERB cjal-3230 558 6 by by ADP cjal-3230 558 7 measuring measure VERB cjal-3230 558 8 the the DET cjal-3230 558 9 expected expect VERB cjal-3230 558 10 portfolio portfolio NOUN cjal-3230 558 11 return return NOUN cjal-3230 558 12 , , PUNCT cjal-3230 558 13 which which PRON cjal-3230 558 14 is be AUX cjal-3230 558 15 done do VERB cjal-3230 558 16 by by ADP cjal-3230 558 17 specifying specify VERB cjal-3230 558 18 the the DET cjal-3230 558 19 probability probability NOUN cjal-3230 558 20 associated associate VERB cjal-3230 558 21 with with ADP cjal-3230 558 22 each each PRON cjal-3230 558 23 of of ADP cjal-3230 558 24 the the DET cjal-3230 558 25 possible possible ADJ cjal-3230 558 26 future future ADJ cjal-3230 558 27 returns return NOUN cjal-3230 558 28 of of ADP cjal-3230 558 29 a a DET cjal-3230 558 30 given give VERB cjal-3230 558 31 portfolio portfolio NOUN cjal-3230 558 32 . . PUNCT cjal-3230 559 1 each each DET cjal-3230 559 2 return return NOUN cjal-3230 559 3 is be AUX cjal-3230 559 4 in in ADP cjal-3230 559 5 effect effect NOUN cjal-3230 559 6 a a DET cjal-3230 559 7 subjectively subjectively ADV cjal-3230 559 8 determined determine VERB cjal-3230 559 9 probability probability NOUN cjal-3230 559 10 or or CCONJ cjal-3230 559 11 likelihood likelihood NOUN cjal-3230 559 12 of of ADP cjal-3230 559 13 occurrence occurrence NOUN cjal-3230 559 14 . . PUNCT cjal-3230 560 1 in in ADP cjal-3230 560 2 short short ADJ cjal-3230 560 3 , , PUNCT cjal-3230 560 4 the the DET cjal-3230 560 5 expected expect VERB cjal-3230 560 6 return return NOUN cjal-3230 560 7 is be AUX cjal-3230 560 8 the the DET cjal-3230 560 9 weighted weighted ADJ cjal-3230 560 10 average average NOUN cjal-3230 560 11 of of ADP cjal-3230 560 12 possible possible ADJ cjal-3230 560 13 outcomes outcome NOUN cjal-3230 560 14 , , PUNCT cjal-3230 560 15 when when SCONJ cjal-3230 560 16 the the DET cjal-3230 560 17 weights weight NOUN cjal-3230 560 18 are be AUX cjal-3230 560 19 the the DET cjal-3230 560 20 relative relative ADJ cjal-3230 560 21 chances chance NOUN cjal-3230 560 22 of of ADP cjal-3230 560 23 occurrence occurrence NOUN cjal-3230 560 24 . . PUNCT cjal-3230 561 1 the the DET cjal-3230 561 2 formula formula NOUN cjal-3230 561 3 is be AUX cjal-3230 561 4 as as SCONJ cjal-3230 561 5 follows follow VERB cjal-3230 561 6 : : PUNCT cjal-3230 561 7 e(r(p))= e(r(p))= PROPN cjal-3230 561 8 p(1)r(l)+p(2)r(2)+p(3)r(3) p(1)r(l)+p(2)r(2)+p(3)r(3) X cjal-3230 561 9 ... ... PUNCT cjal-3230 561 10 +p(n)r(n +p(n)r(n ADJ cjal-3230 561 11 ) ) PUNCT cjal-3230 561 12 e(r(p))= e(r(p))= PROPN cjal-3230 561 13 y(i+l y(i+l ADP cjal-3230 561 14 to to ADP cjal-3230 561 15 n)piri n)piri ADV cjal-3230 561 16 where where SCONJ cjal-3230 561 17 : : PUNCT cjal-3230 561 18 e(r(p))expected e(r(p))expecte VERB cjal-3230 561 19 portfolio portfolio NOUN cjal-3230 561 20 return return VERB cjal-3230 561 21 ri ri NOUN cjal-3230 561 22 = = SYM cjal-3230 561 23 possible possible ADJ cjal-3230 561 24 return return NOUN cjal-3230 561 25 pi pi NOUN cjal-3230 561 26 = = NUM cjal-3230 561 27 associated associate VERB cjal-3230 561 28 probability probability NOUN cjal-3230 561 29 n n NOUN cjal-3230 561 30 = = NOUN cjal-3230 561 31 number number NOUN cjal-3230 561 32 of of ADP cjal-3230 561 33 possible possible ADJ cjal-3230 561 34 outcomes outcome NOUN cjal-3230 561 35 see see VERB cjal-3230 561 36 frank frank PROPN cjal-3230 561 37 j. j. PROPN cjal-3230 561 38 fabozzi fabozzi PROPN cjal-3230 561 39 and and CCONJ cjal-3230 561 40 franco franco PROPN cjal-3230 561 41 modligliani modligliani PROPN cjal-3230 561 42 , , PUNCT cjal-3230 561 43 capital capital NOUN cjal-3230 561 44 markets market NOUN cjal-3230 561 45 : : PUNCT cjal-3230 561 46 institutions institution NOUN cjal-3230 561 47 and and CCONJ cjal-3230 561 48 instruments instrument NOUN cjal-3230 561 49 128 128 NUM cjal-3230 561 50 ( ( PUNCT cjal-3230 561 51 ( ( PUNCT cjal-3230 561 52 3rd 3rd ADJ cjal-3230 561 53 edition edition NOUN cjal-3230 561 54 , , PUNCT cjal-3230 561 55 2003 2003 NUM cjal-3230 561 56 ) ) PUNCT cjal-3230 562 1 [ [ X cjal-3230 562 2 hereinafter hereinafter NOUN cjal-3230 562 3 fabozzi fabozzi NOUN cjal-3230 562 4 ] ] PUNCT cjal-3230 562 5 . . PUNCT cjal-3230 563 1 130 130 NUM cjal-3230 563 2 regarding regard VERB cjal-3230 563 3 keynesian keynesian ADJ cjal-3230 563 4 economic economic ADJ cjal-3230 563 5 theory theory NOUN cjal-3230 563 6 , , PUNCT cjal-3230 563 7 " " PUNCT cjal-3230 563 8 the the DET cjal-3230 563 9 fundamental fundamental ADJ cjal-3230 563 10 lesson lesson NOUN cjal-3230 563 11 of of ADP cjal-3230 563 12 keynesian keynesian ADJ cjal-3230 563 13 economics economic NOUN cjal-3230 563 14 is be AUX cjal-3230 563 15 that that SCONJ cjal-3230 563 16 columbia columbia PROPN cjal-3230 563 17 journal journal PROPN cjal-3230 563 18 of of ADP cjal-3230 563 19 asian asian ADJ cjal-3230 563 20 law law NOUN cjal-3230 563 21 whereby whereby SCONJ cjal-3230 563 22 the the DET cjal-3230 563 23 government government NOUN cjal-3230 563 24 can can AUX cjal-3230 563 25 and and CCONJ cjal-3230 563 26 should should AUX cjal-3230 563 27 play play VERB cjal-3230 563 28 a a DET cjal-3230 563 29 very very ADV cjal-3230 563 30 hands hand NOUN cjal-3230 563 31 - - PUNCT cjal-3230 563 32 on on ADP cjal-3230 563 33 management management NOUN cjal-3230 563 34 role role NOUN cjal-3230 563 35 over over ADP cjal-3230 563 36 the the DET cjal-3230 563 37 public public NOUN cjal-3230 563 38 to to PART cjal-3230 563 39 help help VERB cjal-3230 563 40 mitigate mitigate VERB cjal-3230 563 41 actual actual ADJ cjal-3230 563 42 , , PUNCT cjal-3230 563 43 threatened threaten VERB cjal-3230 563 44 , , PUNCT cjal-3230 563 45 or or CCONJ cjal-3230 563 46 real real ADJ cjal-3230 563 47 market market NOUN cjal-3230 563 48 failures failure NOUN cjal-3230 563 49 and and CCONJ cjal-3230 563 50 instill instill VERB cjal-3230 563 51 public public ADJ cjal-3230 563 52 confidence confidence NOUN cjal-3230 563 53 by by ADP cjal-3230 563 54 having have VERB cjal-3230 563 55 a a DET cjal-3230 563 56 watchful watchful ADJ cjal-3230 563 57 force force NOUN cjal-3230 563 58 to to PART cjal-3230 563 59 protect protect VERB cjal-3230 563 60 consumers consumer NOUN cjal-3230 563 61 against against ADP cjal-3230 563 62 financial financial ADJ cjal-3230 563 63 turbulence turbulence NOUN cjal-3230 563 64 and/or and/or CCONJ cjal-3230 563 65 crisis crisis NOUN cjal-3230 563 66 . . PUNCT cjal-3230 564 1 the the DET cjal-3230 564 2 threshold threshold NOUN cjal-3230 564 3 issue issue NOUN cjal-3230 564 4 here here ADV cjal-3230 564 5 to to PART cjal-3230 564 6 do do VERB cjal-3230 564 7 the the DET cjal-3230 564 8 analysis analysis NOUN cjal-3230 564 9 is be AUX cjal-3230 564 10 what what DET cjal-3230 564 11 role role NOUN cjal-3230 564 12 the the DET cjal-3230 564 13 government government NOUN cjal-3230 564 14 should should AUX cjal-3230 564 15 play play VERB cjal-3230 564 16 to to PART cjal-3230 564 17 help help VERB cjal-3230 564 18 assist assist VERB cjal-3230 564 19 the the DET cjal-3230 564 20 general general ADJ cjal-3230 564 21 public public NOUN cjal-3230 564 22 . . PUNCT cjal-3230 565 1 3 3 NUM cjal-3230 565 2 in in ADP cjal-3230 565 3 other other ADJ cjal-3230 565 4 words word NOUN cjal-3230 565 5 , , PUNCT cjal-3230 565 6 what what DET cjal-3230 565 7 coverage coverage NOUN cjal-3230 565 8 area area NOUN cjal-3230 565 9 should should AUX cjal-3230 565 10 an an DET cjal-3230 565 11 effective effective ADJ cjal-3230 565 12 and and CCONJ cjal-3230 565 13 highly highly ADV cjal-3230 565 14 efficient efficient ADJ cjal-3230 565 15 government government NOUN cjal-3230 565 16 have have VERB cjal-3230 565 17 to to PART cjal-3230 565 18 help help VERB cjal-3230 565 19 its its PRON cjal-3230 565 20 people people NOUN cjal-3230 565 21 ? ? PUNCT cjal-3230 566 1 assuming assume VERB cjal-3230 566 2 that that SCONJ cjal-3230 566 3 some some DET cjal-3230 566 4 government government NOUN cjal-3230 566 5 can can AUX cjal-3230 566 6 provide provide VERB cjal-3230 566 7 positive positive ADJ cjal-3230 566 8 value value NOUN cjal-3230 566 9 - - PUNCT cjal-3230 566 10 added add VERB cjal-3230 566 11 services'32 services'32 NOUN cjal-3230 566 12 - - PUNCT cjal-3230 566 13 most most ADV cjal-3230 566 14 notably notably ADV cjal-3230 566 15 in in ADP cjal-3230 566 16 the the DET cjal-3230 566 17 traditional traditional ADJ cjal-3230 566 18 governmental governmental ADJ cjal-3230 566 19 coverage coverage NOUN cjal-3230 566 20 areas area NOUN cjal-3230 566 21 , , PUNCT cjal-3230 566 22 such such ADJ cjal-3230 566 23 as as ADP cjal-3230 566 24 education education NOUN cjal-3230 566 25 , , PUNCT cjal-3230 566 26 crime crime NOUN cjal-3230 566 27 prevention prevention NOUN cjal-3230 566 28 , , PUNCT cjal-3230 566 29 and and CCONJ cjal-3230 566 30 welfare welfare NOUN cjal-3230 566 31 reduction reduction NOUN cjal-3230 566 32 - - PUNCT cjal-3230 566 33 the the DET cjal-3230 566 34 government government NOUN cjal-3230 566 35 can can AUX cjal-3230 566 36 be be AUX cjal-3230 566 37 a a DET cjal-3230 566 38 highly highly ADV cjal-3230 566 39 effective effective ADJ cjal-3230 566 40 means mean NOUN cjal-3230 566 41 by by ADP cjal-3230 566 42 which which PRON cjal-3230 566 43 to to PART cjal-3230 566 44 reach reach VERB cjal-3230 566 45 certain certain ADJ cjal-3230 566 46 objectives objective NOUN cjal-3230 566 47 for for ADP cjal-3230 566 48 the the DET cjal-3230 566 49 overall overall ADJ cjal-3230 566 50 societal societal ADJ cjal-3230 566 51 good good NOUN cjal-3230 566 52 . . PUNCT cjal-3230 567 1 one one NUM cjal-3230 567 2 argument argument NOUN cjal-3230 567 3 for for ADP cjal-3230 567 4 a a DET cjal-3230 567 5 keynesian keynesian ADJ cjal-3230 567 6 type type NOUN cjal-3230 567 7 approach approach NOUN cjal-3230 567 8 " " PUNCT cjal-3230 567 9 3 3 NUM cjal-3230 567 10 as as SCONJ cjal-3230 567 11 it it PRON cjal-3230 567 12 relates relate VERB cjal-3230 567 13 to to ADP cjal-3230 567 14 the the DET cjal-3230 567 15 issue issue NOUN cjal-3230 567 16 at at ADP cjal-3230 567 17 hand hand NOUN cjal-3230 567 18 is be AUX cjal-3230 567 19 that that SCONJ cjal-3230 567 20 most most ADJ cjal-3230 567 21 investors investor NOUN cjal-3230 567 22 in in ADP cjal-3230 567 23 the the DET cjal-3230 567 24 korean korean ADJ cjal-3230 567 25 real real ADJ cjal-3230 567 26 estate estate NOUN cjal-3230 567 27 market market NOUN cjal-3230 567 28 are be AUX cjal-3230 567 29 domestic domestic ADJ cjal-3230 567 30 , , PUNCT cjal-3230 567 31 and and CCONJ cjal-3230 567 32 that that SCONJ cjal-3230 567 33 such such ADJ cjal-3230 567 34 korean korean ADJ cjal-3230 567 35 domestic domestic ADJ cjal-3230 567 36 investors investor NOUN cjal-3230 567 37 have have VERB cjal-3230 567 38 a a DET cjal-3230 567 39 relatively relatively ADV cjal-3230 567 40 shorter short ADJ cjal-3230 567 41 history history NOUN cjal-3230 567 42 of of ADP cjal-3230 567 43 personal personal ADJ cjal-3230 567 44 investment investment NOUN cjal-3230 567 45 history history NOUN cjal-3230 567 46 . . PUNCT cjal-3230 568 1 '34 '34 NUM cjal-3230 568 2 therefore therefore ADV cjal-3230 568 3 the the DET cjal-3230 568 4 korean korean ADJ cjal-3230 568 5 government government NOUN cjal-3230 568 6 must must AUX cjal-3230 568 7 step step VERB cjal-3230 568 8 in in ADV cjal-3230 568 9 to to PART cjal-3230 568 10 provide provide VERB cjal-3230 568 11 market market NOUN cjal-3230 568 12 signals signal NOUN cjal-3230 568 13 and and CCONJ cjal-3230 568 14 broadcasts broadcast NOUN cjal-3230 568 15 as as ADP cjal-3230 568 16 to to ADP cjal-3230 568 17 when when SCONJ cjal-3230 568 18 and and CCONJ cjal-3230 568 19 where where SCONJ cjal-3230 568 20 to to PART cjal-3230 568 21 invest invest VERB cjal-3230 568 22 money money NOUN cjal-3230 568 23 . . PUNCT cjal-3230 569 1 another another DET cjal-3230 569 2 conceivable conceivable ADJ cjal-3230 569 3 argument argument NOUN cjal-3230 569 4 is be AUX cjal-3230 569 5 that that SCONJ cjal-3230 569 6 the the DET cjal-3230 569 7 1997 1997 NUM cjal-3230 569 8 asian asian ADJ cjal-3230 569 9 financial financial ADJ cjal-3230 569 10 crisis crisis NOUN cjal-3230 569 11 demonstrated demonstrate VERB cjal-3230 569 12 that that SCONJ cjal-3230 569 13 the the DET cjal-3230 569 14 markets market NOUN cjal-3230 569 15 left leave VERB cjal-3230 569 16 unattended unattended ADJ cjal-3230 569 17 could could AUX cjal-3230 569 18 cause cause VERB cjal-3230 569 19 immense immense ADJ cjal-3230 569 20 damage damage NOUN cjal-3230 569 21 to to ADP cjal-3230 569 22 the the DET cjal-3230 569 23 welfare welfare NOUN cjal-3230 569 24 of of ADP cjal-3230 569 25 the the DET cjal-3230 569 26 people people NOUN cjal-3230 569 27 . . PUNCT cjal-3230 570 1 specifically specifically ADV cjal-3230 570 2 , , PUNCT cjal-3230 570 3 such such ADJ cjal-3230 570 4 was be AUX cjal-3230 570 5 the the DET cjal-3230 570 6 case case NOUN cjal-3230 570 7 to to ADP cjal-3230 570 8 the the DET cjal-3230 570 9 average average ADJ cjal-3230 570 10 korean korean NOUN cjal-3230 570 11 when when SCONJ cjal-3230 570 12 individual individual ADJ cjal-3230 570 13 purchasing purchasing NOUN cjal-3230 570 14 power power NOUN cjal-3230 570 15 parity parity NOUN cjal-3230 570 16 dropped drop VERB cjal-3230 570 17 dramatically dramatically ADV cjal-3230 570 18 as as SCONJ cjal-3230 570 19 the the DET cjal-3230 570 20 krw krw PROPN cjal-3230 570 21 depreciated depreciate VERB cjal-3230 570 22 to to ADP cjal-3230 570 23 unprecedented unprecedented ADJ cjal-3230 570 24 low low ADJ cjal-3230 570 25 levels level NOUN cjal-3230 570 26 against against ADP cjal-3230 570 27 the the DET cjal-3230 570 28 u.s u.s PROPN cjal-3230 570 29 . . PROPN cjal-3230 570 30 dollar dollar NOUN cjal-3230 570 31 in in ADP cjal-3230 570 32 late late ADJ cjal-3230 570 33 1997.'13 1997.'13 NUM cjal-3230 570 34 the the DET cjal-3230 570 35 automatic automatic ADJ cjal-3230 570 36 adjustment adjustment NOUN cjal-3230 570 37 mechanism mechanism NOUN cjal-3230 570 38 of of ADP cjal-3230 570 39 competition competition NOUN cjal-3230 570 40 can can AUX cjal-3230 570 41 not not PART cjal-3230 570 42 be be AUX cjal-3230 570 43 relied rely VERB cjal-3230 570 44 upon upon SCONJ cjal-3230 570 45 to to PART cjal-3230 570 46 achieve achieve VERB cjal-3230 570 47 such such ADJ cjal-3230 570 48 policy policy NOUN cjal-3230 570 49 objectives objective NOUN cjal-3230 570 50 as as ADP cjal-3230 570 51 full full ADJ cjal-3230 570 52 employment employment NOUN cjal-3230 570 53 and and CCONJ cjal-3230 570 54 price price NOUN cjal-3230 570 55 stability stability NOUN cjal-3230 570 56 . . PUNCT cjal-3230 571 1 the the DET cjal-3230 571 2 main main ADJ cjal-3230 571 3 message message NOUN cjal-3230 571 4 of of ADP cjal-3230 571 5 keynesian keynesian ADJ cjal-3230 571 6 economists economist NOUN cjal-3230 571 7 is be AUX cjal-3230 571 8 that that SCONJ cjal-3230 571 9 the the DET cjal-3230 571 10 automatic automatic ADJ cjal-3230 571 11 adjustment adjustment NOUN cjal-3230 571 12 process process NOUN cjal-3230 571 13 of of ADP cjal-3230 571 14 the the DET cjal-3230 571 15 market market NOUN cjal-3230 571 16 is be AUX cjal-3230 571 17 too too ADV cjal-3230 571 18 unreliable unreliable ADJ cjal-3230 571 19 to to PART cjal-3230 571 20 serve serve VERB cjal-3230 571 21 as as ADP cjal-3230 571 22 a a DET cjal-3230 571 23 practical practical ADJ cjal-3230 571 24 basis basis NOUN cjal-3230 571 25 of of ADP cjal-3230 571 26 full full ADJ cjal-3230 571 27 - - PUNCT cjal-3230 571 28 employment employment NOUN cjal-3230 571 29 policy policy NOUN cjal-3230 571 30 . . PUNCT cjal-3230 571 31 " " PUNCT cjal-3230 572 1 see see VERB cjal-3230 572 2 mark mark PROPN cjal-3230 572 3 blang blang PROPN cjal-3230 572 4 , , PUNCT cjal-3230 572 5 economic economic ADJ cjal-3230 572 6 theory theory NOUN cjal-3230 572 7 in in ADP cjal-3230 572 8 retrospect retrospect ADJ cjal-3230 572 9 671 671 NUM cjal-3230 572 10 ( ( PUNCT cjal-3230 572 11 press press NOUN cjal-3230 572 12 syndicate syndicate NOUN cjal-3230 572 13 of of ADP cjal-3230 572 14 the the DET cjal-3230 572 15 university university PROPN cjal-3230 572 16 of of ADP cjal-3230 572 17 cambridge cambridge PROPN cjal-3230 572 18 , , PUNCT cjal-3230 572 19 5th 5th ADJ cjal-3230 572 20 ed ed NOUN cjal-3230 572 21 . . PROPN cjal-3230 572 22 1997 1997 NUM cjal-3230 572 23 ) ) PUNCT cjal-3230 572 24 . . PUNCT cjal-3230 573 1 131 131 NUM cjal-3230 573 2 this this PRON cjal-3230 573 3 is be AUX cjal-3230 573 4 in in ADP cjal-3230 573 5 comparison comparison NOUN cjal-3230 573 6 to to ADP cjal-3230 573 7 the the DET cjal-3230 573 8 separate separate ADJ cjal-3230 573 9 issue issue NOUN cjal-3230 573 10 of of ADP cjal-3230 573 11 if if SCONJ cjal-3230 573 12 the the DET cjal-3230 573 13 government government NOUN cjal-3230 573 14 should should AUX cjal-3230 573 15 play play VERB cjal-3230 573 16 any any DET cjal-3230 573 17 role role NOUN cjal-3230 573 18 at at ADV cjal-3230 573 19 all all ADV cjal-3230 573 20 to to PART cjal-3230 573 21 help help VERB cjal-3230 573 22 assist assist VERB cjal-3230 573 23 the the DET cjal-3230 573 24 general general ADJ cjal-3230 573 25 public public NOUN cjal-3230 573 26 . . PUNCT cjal-3230 574 1 132 132 NUM cjal-3230 574 2 the the DET cjal-3230 574 3 notable notable ADJ cjal-3230 574 4 exception exception NOUN cjal-3230 574 5 would would AUX cjal-3230 574 6 be be AUX cjal-3230 574 7 those those PRON cjal-3230 574 8 who who PRON cjal-3230 574 9 hold hold VERB cjal-3230 574 10 true true ADJ cjal-3230 574 11 to to ADP cjal-3230 574 12 fundamental fundamental ADJ cjal-3230 574 13 libertarianism libertarianism NOUN cjal-3230 574 14 beliefs belief NOUN cjal-3230 574 15 that that PRON cjal-3230 574 16 less less ADJ cjal-3230 574 17 government government NOUN cjal-3230 574 18 , , PUNCT cjal-3230 574 19 or or CCONJ cjal-3230 574 20 even even ADV cjal-3230 574 21 no no DET cjal-3230 574 22 government government NOUN cjal-3230 574 23 , , PUNCT cjal-3230 574 24 is be AUX cjal-3230 574 25 a a DET cjal-3230 574 26 better well ADJ cjal-3230 574 27 government government NOUN cjal-3230 574 28 since since SCONJ cjal-3230 574 29 government government NOUN cjal-3230 574 30 tends tend VERB cjal-3230 574 31 to to PART cjal-3230 574 32 misallocate misallocate VERB cjal-3230 574 33 consumer consumer NOUN cjal-3230 574 34 resources resource NOUN cjal-3230 574 35 , , PUNCT cjal-3230 574 36 thus thus ADV cjal-3230 574 37 causing cause VERB cjal-3230 574 38 more more ADV cjal-3230 574 39 aggregate aggregate ADJ cjal-3230 574 40 good good ADJ cjal-3230 574 41 than than ADP cjal-3230 574 42 harm harm NOUN cjal-3230 574 43 . . PUNCT cjal-3230 575 1 133 133 NUM cjal-3230 575 2 see see VERB cjal-3230 575 3 harding harding PROPN cjal-3230 575 4 at at ADP cjal-3230 575 5 190 190 NUM cjal-3230 575 6 - - SYM cjal-3230 575 7 91 91 NUM cjal-3230 575 8 . . PUNCT cjal-3230 576 1 134 134 NUM cjal-3230 576 2 personal personal ADJ cjal-3230 576 3 investors investor NOUN cjal-3230 576 4 are be AUX cjal-3230 576 5 also also ADV cjal-3230 576 6 referred refer VERB cjal-3230 576 7 to to ADP cjal-3230 576 8 as as ADP cjal-3230 576 9 " " PUNCT cjal-3230 576 10 retail retail ADJ cjal-3230 576 11 investors investor NOUN cjal-3230 576 12 " " PUNCT cjal-3230 576 13 . . PUNCT cjal-3230 577 1 see see VERB cjal-3230 577 2 fabozzi fabozzi NOUN cjal-3230 577 3 at at ADP cjal-3230 577 4 263 263 NUM cjal-3230 577 5 . . PUNCT cjal-3230 578 1 fabozzi fabozzi NOUN cjal-3230 578 2 notes note VERB cjal-3230 578 3 that that SCONJ cjal-3230 578 4 three three NUM cjal-3230 578 5 distinctions distinction NOUN cjal-3230 578 6 exist exist VERB cjal-3230 578 7 between between ADP cjal-3230 578 8 retail retail ADJ cjal-3230 578 9 and and CCONJ cjal-3230 578 10 institutional institutional ADJ cjal-3230 578 11 investors investor NOUN cjal-3230 578 12 . . PUNCT cjal-3230 579 1 first first ADV cjal-3230 579 2 , , PUNCT cjal-3230 579 3 transaction transaction NOUN cjal-3230 579 4 size size NOUN cjal-3230 579 5 of of ADP cjal-3230 579 6 retail retail ADJ cjal-3230 579 7 investors investor NOUN cjal-3230 579 8 is be AUX cjal-3230 579 9 much much ADV cjal-3230 579 10 less less ADV cjal-3230 579 11 relative relative ADJ cjal-3230 579 12 to to ADP cjal-3230 579 13 institutional institutional ADJ cjal-3230 579 14 investors investor NOUN cjal-3230 579 15 . . PUNCT cjal-3230 580 1 second second ADJ cjal-3230 580 2 , , PUNCT cjal-3230 580 3 individual individual ADJ cjal-3230 580 4 investors investor NOUN cjal-3230 580 5 tend tend VERB cjal-3230 580 6 to to PART cjal-3230 580 7 pay pay VERB cjal-3230 580 8 more more ADJ cjal-3230 580 9 in in ADP cjal-3230 580 10 transaction transaction NOUN cjal-3230 580 11 commissions commission NOUN cjal-3230 580 12 than than ADP cjal-3230 580 13 institutional institutional ADJ cjal-3230 580 14 investors investor NOUN cjal-3230 580 15 . . PUNCT cjal-3230 581 1 third third ADJ cjal-3230 581 2 , , PUNCT cjal-3230 581 3 retail retail ADJ cjal-3230 581 4 investors investor NOUN cjal-3230 581 5 use use VERB cjal-3230 581 6 stockbrokers stockbroker NOUN cjal-3230 581 7 , , PUNCT cjal-3230 581 8 while while SCONJ cjal-3230 581 9 institutional institutional ADJ cjal-3230 581 10 investors investor NOUN cjal-3230 581 11 use use VERB cjal-3230 581 12 institutional institutional ADJ cjal-3230 581 13 broker broker NOUN cjal-3230 581 14 / / SYM cjal-3230 581 15 deal deal NOUN cjal-3230 581 16 desks desk NOUN cjal-3230 581 17 to to PART cjal-3230 581 18 execute execute VERB cjal-3230 581 19 orders order NOUN cjal-3230 581 20 . . PUNCT cjal-3230 582 1 i i PRON cjal-3230 582 2 d. d. PROPN cjal-3230 582 3 at at ADP cjal-3230 582 4 263 263 NUM cjal-3230 582 5 - - SYM cjal-3230 582 6 64 64 NUM cjal-3230 582 7 . . PUNCT cjal-3230 582 8 135 135 NUM cjal-3230 582 9 in in ADP cjal-3230 582 10 late late ADJ cjal-3230 582 11 december december PROPN cjal-3230 582 12 1997 1997 NUM cjal-3230 582 13 , , PUNCT cjal-3230 582 14 the the DET cjal-3230 582 15 krw krw PROPN cjal-3230 582 16 u.s u.s PROPN cjal-3230 582 17 . . PROPN cjal-3230 582 18 dollar dollar NOUN cjal-3230 582 19 ( ( PUNCT cjal-3230 582 20 usd usd NOUN cjal-3230 582 21 ) ) PUNCT cjal-3230 582 22 fx fx NOUN cjal-3230 582 23 rate rate NOUN cjal-3230 582 24 was be AUX cjal-3230 582 25 trading trade VERB cjal-3230 582 26 at at ADP cjal-3230 582 27 nearly nearly ADV cjal-3230 582 28 2000 2000 NUM cjal-3230 582 29 krw krw PROPN cjal-3230 582 30 / / SYM cjal-3230 582 31 usd usd NOUN cjal-3230 582 32 . . PUNCT cjal-3230 583 1 given give VERB cjal-3230 583 2 that that SCONJ cjal-3230 583 3 the the DET cjal-3230 583 4 current current ADJ cjal-3230 583 5 benchmark benchmark NOUN cjal-3230 583 6 stands stand VERB cjal-3230 583 7 at at ADP cjal-3230 583 8 about about ADP cjal-3230 583 9 1200krw 1200krw NUM cjal-3230 583 10 / / SYM cjal-3230 583 11 usd usd NOUN cjal-3230 583 12 , , PUNCT cjal-3230 583 13 this this PRON cjal-3230 583 14 means mean VERB cjal-3230 583 15 an an DET cjal-3230 583 16 approximate approximate ADJ cjal-3230 583 17 two two NUM cjal-3230 583 18 - - PUNCT cjal-3230 583 19 thirds third NOUN cjal-3230 583 20 drop drop NOUN cjal-3230 583 21 in in ADP cjal-3230 583 22 purchasing purchase VERB cjal-3230 583 23 power power NOUN cjal-3230 583 24 parity parity NOUN cjal-3230 583 25 within within ADP cjal-3230 583 26 a a DET cjal-3230 583 27 six six NUM cjal-3230 583 28 - - PUNCT cjal-3230 583 29 month month NOUN cjal-3230 583 30 period period NOUN cjal-3230 583 31 . . PUNCT cjal-3230 584 1 regarding regard VERB cjal-3230 584 2 a a DET cjal-3230 584 3 general general ADJ cjal-3230 584 4 discussion discussion NOUN cjal-3230 584 5 on on ADP cjal-3230 584 6 foreign foreign ADJ cjal-3230 584 7 exchange exchange NOUN cjal-3230 584 8 issues issue NOUN cjal-3230 584 9 , , PUNCT cjal-3230 584 10 see see VERB cjal-3230 584 11 generally generally ADV cjal-3230 584 12 , , PUNCT cjal-3230 584 13 ronald ronald PROPN cjal-3230 584 14 w. w. PROPN cjal-3230 584 15 melicher melicher PROPN cjal-3230 584 16 and and CCONJ cjal-3230 584 17 edgar edgar PROPN cjal-3230 584 18 a. a. PROPN cjal-3230 584 19 norton norton PROPN cjal-3230 584 20 finance finance NOUN cjal-3230 584 21 introduction introduction NOUN cjal-3230 584 22 to to ADP cjal-3230 584 23 institutions institution NOUN cjal-3230 584 24 , , PUNCT cjal-3230 584 25 investments investment NOUN cjal-3230 584 26 , , PUNCT cjal-3230 584 27 and and CCONJ cjal-3230 584 28 management management NOUN cjal-3230 584 29 164 164 NUM cjal-3230 584 30 - - SYM cjal-3230 584 31 165 165 NUM cjal-3230 584 32 ( ( PUNCT cjal-3230 584 33 south south ADJ cjal-3230 584 34 - - PUNCT cjal-3230 584 35 western western ADJ cjal-3230 584 36 college college NOUN cjal-3230 584 37 publishing publishing NOUN cjal-3230 584 38 , , PUNCT cjal-3230 584 39 2000 2000 NUM cjal-3230 584 40 ) ) PUNCT cjal-3230 585 1 [ [ X cjal-3230 585 2 hereinafter hereinafter NOUN cjal-3230 585 3 melicher melicher NOUN cjal-3230 585 4 and and CCONJ cjal-3230 585 5 norton norton PROPN cjal-3230 585 6 ] ] PUNCT cjal-3230 585 7 . . PUNCT cjal-3230 586 1 [ [ X cjal-3230 586 2 18:1 18:1 NUM cjal-3230 586 3 anti anti ADJ cjal-3230 586 4 - - ADJ cjal-3230 586 5 speculation speculation ADJ cjal-3230 586 6 laws law NOUN cjal-3230 586 7 and and CCONJ cjal-3230 586 8 their their PRON cjal-3230 586 9 impa impa NOUN cjal-3230 586 10 ct ct NOUN cjal-3230 586 11 on on ADP cjal-3230 586 12 the the DET cjal-3230 586 13 other other ADJ cjal-3230 586 14 hand hand NOUN cjal-3230 586 15 , , PUNCT cjal-3230 586 16 even even ADV cjal-3230 586 17 assuming assume VERB cjal-3230 586 18 that that SCONJ cjal-3230 586 19 a a DET cjal-3230 586 20 short short ADJ cjal-3230 586 21 investment investment NOUN cjal-3230 586 22 history history NOUN cjal-3230 586 23 exists exist VERB cjal-3230 586 24 , , PUNCT cjal-3230 586 25 the the DET cjal-3230 586 26 underlying underlying ADJ cjal-3230 586 27 principle principle NOUN cjal-3230 586 28 should should AUX cjal-3230 586 29 exist exist VERB cjal-3230 586 30 that that SCONJ cjal-3230 586 31 investors investor NOUN cjal-3230 586 32 are be AUX cjal-3230 586 33 free free ADJ cjal-3230 586 34 to to PART cjal-3230 586 35 choose choose VERB cjal-3230 586 36 what what PRON cjal-3230 586 37 investments investment NOUN cjal-3230 586 38 they they PRON cjal-3230 586 39 should should AUX cjal-3230 586 40 or or CCONJ cjal-3230 586 41 should should AUX cjal-3230 586 42 not not PART cjal-3230 586 43 pursue pursue VERB cjal-3230 586 44 . . PUNCT cjal-3230 587 1 if if SCONJ cjal-3230 587 2 certain certain ADJ cjal-3230 587 3 investors investor NOUN cjal-3230 587 4 believe believe VERB cjal-3230 587 5 they they PRON cjal-3230 587 6 need need VERB cjal-3230 587 7 additional additional ADJ cjal-3230 587 8 investment investment NOUN cjal-3230 587 9 advice advice NOUN cjal-3230 587 10 , , PUNCT cjal-3230 587 11 they they PRON cjal-3230 587 12 can can AUX cjal-3230 587 13 solicit solicit VERB cjal-3230 587 14 relevant relevant ADJ cjal-3230 587 15 advice advice NOUN cjal-3230 587 16 from from ADP cjal-3230 587 17 a a DET cjal-3230 587 18 countless countless ADJ cjal-3230 587 19 variety variety NOUN cjal-3230 587 20 of of ADP cjal-3230 587 21 qualified qualified ADJ cjal-3230 587 22 sources source NOUN cjal-3230 587 23 , , PUNCT cjal-3230 587 24 including include VERB cjal-3230 587 25 licensed license VERB cjal-3230 587 26 financial financial ADJ cjal-3230 587 27 advisors advisor NOUN cjal-3230 587 28 , , PUNCT cjal-3230 587 29 online online ADJ cjal-3230 587 30 financial financial ADJ cjal-3230 587 31 information information NOUN cjal-3230 587 32 providers provider NOUN cjal-3230 587 33 , , PUNCT cjal-3230 587 34 and and CCONJ cjal-3230 587 35 various various ADJ cjal-3230 587 36 printed print VERB cjal-3230 587 37 financial financial ADJ cjal-3230 587 38 publications publication NOUN cjal-3230 587 39 . . PUNCT cjal-3230 587 40 '36 '36 NUM cjal-3230 587 41 on on ADP cjal-3230 587 42 the the DET cjal-3230 587 43 same same ADJ cjal-3230 587 44 note note NOUN cjal-3230 587 45 , , PUNCT cjal-3230 587 46 who who PRON cjal-3230 587 47 then then ADV cjal-3230 587 48 should should AUX cjal-3230 587 49 be be AUX cjal-3230 587 50 held hold VERB cjal-3230 587 51 responsible responsible ADJ cjal-3230 587 52 if if SCONJ cjal-3230 587 53 the the DET cjal-3230 587 54 anti anti ADJ cjal-3230 587 55 - - ADJ cjal-3230 587 56 speculation speculation ADJ cjal-3230 587 57 laws law NOUN cjal-3230 587 58 do do AUX cjal-3230 587 59 not not PART cjal-3230 587 60 have have VERB cjal-3230 587 61 the the DET cjal-3230 587 62 intended intend VERB cjal-3230 587 63 effect effect NOUN cjal-3230 587 64 of of ADP cjal-3230 587 65 creating create VERB cjal-3230 587 66 a a DET cjal-3230 587 67 " " PUNCT cjal-3230 587 68 soft soft ADJ cjal-3230 587 69 landing landing NOUN cjal-3230 587 70 " " PUNCT cjal-3230 587 71 for for ADP cjal-3230 587 72 real real ADJ cjal-3230 587 73 estate estate NOUN cjal-3230 587 74 prices price NOUN cjal-3230 587 75 and and CCONJ cjal-3230 587 76 investors investor NOUN cjal-3230 587 77 lose lose VERB cjal-3230 587 78 money money NOUN cjal-3230 587 79 when when SCONJ cjal-3230 587 80 they they PRON cjal-3230 587 81 pull pull VERB cjal-3230 587 82 out out ADP cjal-3230 587 83 of of ADP cjal-3230 587 84 real real ADJ cjal-3230 587 85 estate estate NOUN cjal-3230 587 86 and and CCONJ cjal-3230 587 87 decide decide VERB cjal-3230 587 88 to to PART cjal-3230 587 89 invest invest VERB cjal-3230 587 90 in in ADP cjal-3230 587 91 say say INTJ cjal-3230 587 92 other other ADJ cjal-3230 587 93 lucrative lucrative ADJ cjal-3230 587 94 markets market NOUN cjal-3230 587 95 such such ADJ cjal-3230 587 96 as as ADP cjal-3230 587 97 high high ADJ cjal-3230 587 98 yield yield NOUN cjal-3230 587 99 , , PUNCT cjal-3230 587 100 high high ADJ cjal-3230 587 101 risk risk NOUN cjal-3230 587 102 corporate corporate ADJ cjal-3230 587 103 debt debt NOUN cjal-3230 587 104 the the DET cjal-3230 587 105 investors investor NOUN cjal-3230 587 106 or or CCONJ cjal-3230 587 107 the the DET cjal-3230 587 108 financial financial ADJ cjal-3230 587 109 advisor advisor NOUN cjal-3230 587 110 ? ? PUNCT cjal-3230 588 1 if if SCONJ cjal-3230 588 2 the the DET cjal-3230 588 3 answer answer NOUN cjal-3230 588 4 is be AUX cjal-3230 588 5 that that SCONJ cjal-3230 588 6 the the DET cjal-3230 588 7 fault fault NOUN cjal-3230 588 8 still still ADV cjal-3230 588 9 lies lie VERB cjal-3230 588 10 with with ADP cjal-3230 588 11 the the DET cjal-3230 588 12 investor investor NOUN cjal-3230 588 13 , , PUNCT cjal-3230 588 14 per per ADP cjal-3230 588 15 the the DET cjal-3230 588 16 principle principle NOUN cjal-3230 588 17 of of ADP cjal-3230 588 18 caveat caveat NOUN cjal-3230 588 19 emptor,137 emptor,137 PROPN cjal-3230 588 20 then then ADV cjal-3230 588 21 little little ADJ cjal-3230 588 22 purpose purpose NOUN cjal-3230 588 23 exists exist VERB cjal-3230 588 24 for for ADP cjal-3230 588 25 the the DET cjal-3230 588 26 anti anti ADJ cjal-3230 588 27 - - ADJ cjal-3230 588 28 speculation speculation ADJ cjal-3230 588 29 laws law NOUN cjal-3230 588 30 in in ADP cjal-3230 588 31 the the DET cjal-3230 588 32 first first ADJ cjal-3230 588 33 place place NOUN cjal-3230 588 34 because because SCONJ cjal-3230 588 35 the the DET cjal-3230 588 36 policy policy NOUN cjal-3230 588 37 would would AUX cjal-3230 588 38 merely merely ADV cjal-3230 588 39 shift shift VERB cjal-3230 588 40 one one NUM cjal-3230 588 41 perceived perceive VERB cjal-3230 588 42 " " PUNCT cjal-3230 588 43 bad bad ADJ cjal-3230 588 44 " " PUNCT cjal-3230 588 45 investment investment NOUN cjal-3230 588 46 into into ADP cjal-3230 588 47 yet yet ADV cjal-3230 588 48 another another DET cjal-3230 588 49 " " PUNCT cjal-3230 588 50 bad bad ADJ cjal-3230 588 51 " " PUNCT cjal-3230 588 52 investment investment NOUN cjal-3230 588 53 . . PUNCT cjal-3230 589 1 regarding regard VERB cjal-3230 589 2 the the DET cjal-3230 589 3 second second ADJ cjal-3230 589 4 argument argument NOUN cjal-3230 589 5 that that SCONJ cjal-3230 589 6 the the DET cjal-3230 589 7 1997 1997 NUM cjal-3230 589 8 asian asian ADJ cjal-3230 589 9 financial financial ADJ cjal-3230 589 10 crisis crisis NOUN cjal-3230 589 11 is be AUX cjal-3230 589 12 evidence evidence NOUN cjal-3230 589 13 that that SCONJ cjal-3230 589 14 investors investor NOUN cjal-3230 589 15 need need VERB cjal-3230 589 16 to to PART cjal-3230 589 17 be be AUX cjal-3230 589 18 protected protect VERB cjal-3230 589 19 from from ADP cjal-3230 589 20 the the DET cjal-3230 589 21 markets market NOUN cjal-3230 589 22 visa visa NOUN cjal-3230 589 23 - - PUNCT cjal-3230 589 24 vis vis X cjal-3230 589 25 government government NOUN cjal-3230 589 26 protective protective ADJ cjal-3230 589 27 legislation legislation NOUN cjal-3230 589 28 , , PUNCT cjal-3230 589 29 then then ADV cjal-3230 589 30 perhaps perhaps ADV cjal-3230 589 31 useful useful ADJ cjal-3230 589 32 government government NOUN cjal-3230 589 33 action action NOUN cjal-3230 589 34 could could AUX cjal-3230 589 35 be be AUX cjal-3230 589 36 had have VERB cjal-3230 589 37 by by ADP cjal-3230 589 38 focusing focus VERB cjal-3230 589 39 on on ADP cjal-3230 589 40 the the DET cjal-3230 589 41 effects effect NOUN cjal-3230 589 42 of of ADP cjal-3230 589 43 a a DET cjal-3230 589 44 " " PUNCT cjal-3230 589 45 bubble bubble NOUN cjal-3230 589 46 burst burst NOUN cjal-3230 589 47 " " PUNCT cjal-3230 589 48 rather rather ADV cjal-3230 589 49 than than ADP cjal-3230 589 50 the the DET cjal-3230 589 51 perceived perceive VERB cjal-3230 589 52 bubble bubble NOUN cjal-3230 589 53 itself itself PRON cjal-3230 589 54 . . PUNCT cjal-3230 590 1 by by ADP cjal-3230 590 2 doing do VERB cjal-3230 590 3 this this PRON cjal-3230 590 4 , , PUNCT cjal-3230 590 5 the the DET cjal-3230 590 6 markets market NOUN cjal-3230 590 7 are be AUX cjal-3230 590 8 not not PART cjal-3230 590 9 interfered interfere VERB cjal-3230 590 10 with with ADP cjal-3230 590 11 and and CCONJ cjal-3230 590 12 will will AUX cjal-3230 590 13 instill instill VERB cjal-3230 590 14 investor investor NOUN cjal-3230 590 15 confidence confidence NOUN cjal-3230 590 16 . . PUNCT cjal-3230 591 1 and and CCONJ cjal-3230 591 2 further far ADV cjal-3230 591 3 , , PUNCT cjal-3230 591 4 less less ADJ cjal-3230 591 5 risk risk NOUN cjal-3230 591 6 exists exist VERB cjal-3230 591 7 that that SCONJ cjal-3230 591 8 the the DET cjal-3230 591 9 proposed propose VERB cjal-3230 591 10 legislation legislation NOUN cjal-3230 591 11 may may AUX cjal-3230 591 12 over over ADV cjal-3230 591 13 or or CCONJ cjal-3230 591 14 undershoot undershoot VERB cjal-3230 591 15 its its PRON cjal-3230 591 16 objectives objective NOUN cjal-3230 591 17 , , PUNCT cjal-3230 591 18 triggering trigger VERB cjal-3230 591 19 a a DET cjal-3230 591 20 potential potential ADJ cjal-3230 591 21 financial financial ADJ cjal-3230 591 22 negative negative ADJ cjal-3230 591 23 blip blip NOUN cjal-3230 591 24 or or CCONJ cjal-3230 591 25 , , PUNCT cjal-3230 591 26 in in ADP cjal-3230 591 27 a a DET cjal-3230 591 28 more more ADV cjal-3230 591 29 extreme extreme ADJ cjal-3230 591 30 case case NOUN cjal-3230 591 31 , , PUNCT cjal-3230 591 32 a a DET cjal-3230 591 33 potential potential ADJ cjal-3230 591 34 mass mass NOUN cjal-3230 591 35 sell sell NOUN cjal-3230 591 36 - - PUNCT cjal-3230 591 37 off off NOUN cjal-3230 591 38 in in ADP cjal-3230 591 39 the the DET cjal-3230 591 40 korean korean ADJ cjal-3230 591 41 financial financial ADJ cjal-3230 591 42 markets market NOUN cjal-3230 591 43 . . PUNCT cjal-3230 592 1 by by ADP cjal-3230 592 2 concentrating concentrate VERB cjal-3230 592 3 on on ADP cjal-3230 592 4 the the DET cjal-3230 592 5 post post ADJ cjal-3230 592 6 - - ADJ cjal-3230 592 7 bubble bubble ADJ cjal-3230 592 8 consequences consequence NOUN cjal-3230 592 9 , , PUNCT cjal-3230 592 10 the the DET cjal-3230 592 11 focus focus NOUN cjal-3230 592 12 is be AUX cjal-3230 592 13 on on ADP cjal-3230 592 14 how how SCONJ cjal-3230 592 15 to to PART cjal-3230 592 16 redirect redirect VERB cjal-3230 592 17 monetary monetary ADJ cjal-3230 592 18 policy,'38 policy,'38 PROPN cjal-3230 592 19 on on ADP cjal-3230 592 20 or or CCONJ cjal-3230 592 21 after after ADP cjal-3230 592 22 the the DET cjal-3230 592 23 actual actual ADJ cjal-3230 592 24 event event NOUN cjal-3230 592 25 of of ADP cjal-3230 592 26 a a DET cjal-3230 592 27 post post ADJ cjal-3230 592 28 - - ADJ cjal-3230 592 29 bubble bubble ADJ cjal-3230 592 30 period period NOUN cjal-3230 592 31 to to PART cjal-3230 592 32 expand expand VERB cjal-3230 592 33 on on ADP cjal-3230 592 34 economic economic ADJ cjal-3230 592 35 growth growth NOUN cjal-3230 592 36 , , PUNCT cjal-3230 592 37 as as SCONJ cjal-3230 592 38 was be AUX cjal-3230 592 39 the the DET cjal-3230 592 40 case case NOUN cjal-3230 592 41 in in ADP cjal-3230 592 42 the the DET cjal-3230 592 43 united united PROPN cjal-3230 592 44 states states PROPN cjal-3230 592 45 in in ADP cjal-3230 592 46 2000 2000 NUM cjal-3230 592 47 . . PUNCT cjal-3230 593 1 no no DET cjal-3230 593 2 doubt doubt NOUN cjal-3230 593 3 exists exist VERB cjal-3230 593 4 that that SCONJ cjal-3230 593 5 the the DET cjal-3230 593 6 1997 1997 NUM cjal-3230 593 7 crisis'39 crisis'39 PROPN cjal-3230 593 8 did do AUX cjal-3230 593 9 cause cause VERB cjal-3230 593 10 instability instability NOUN cjal-3230 593 11 upon upon SCONJ cjal-3230 593 12 the the DET cjal-3230 593 13 financial financial ADJ cjal-3230 593 14 markets market NOUN cjal-3230 593 15 generally generally ADV cjal-3230 593 16 and and CCONJ cjal-3230 593 17 to to ADP cjal-3230 593 18 many many ADJ cjal-3230 593 19 korean korean ADJ cjal-3230 593 20 investors investor NOUN cjal-3230 593 21 and and CCONJ cjal-3230 593 22 noninvestors noninvestor NOUN cjal-3230 593 23 specifically specifically ADV cjal-3230 593 24 . . PUNCT cjal-3230 594 1 but but CCONJ cjal-3230 594 2 the the DET cjal-3230 594 3 objective objective NOUN cjal-3230 594 4 should should AUX cjal-3230 594 5 be be AUX cjal-3230 594 6 to to PART cjal-3230 594 7 foster foster VERB cjal-3230 594 8 maximum maximum ADJ cjal-3230 594 9 wealth wealth NOUN cjal-3230 594 10 creation40 creation40 PROPN cjal-3230 594 11 within within ADP cjal-3230 594 12 korea korea PROPN cjal-3230 594 13 . . PUNCT cjal-3230 595 1 wealth wealth NOUN cjal-3230 595 2 is be AUX cjal-3230 595 3 not not PART cjal-3230 595 4 maximized maximize VERB cjal-3230 595 5 when when SCONJ cjal-3230 595 6 wealth wealth NOUN cjal-3230 595 7 136 136 NUM cjal-3230 595 8 such such ADJ cjal-3230 595 9 online online ADJ cjal-3230 595 10 financial financial ADJ cjal-3230 595 11 information information NOUN cjal-3230 595 12 providers provider NOUN cjal-3230 595 13 include include VERB cjal-3230 595 14 bloomberg bloomberg PROPN cjal-3230 595 15 , , PUNCT cjal-3230 595 16 thomson thomson PROPN cjal-3230 595 17 financial financial PROPN cjal-3230 595 18 , , PUNCT cjal-3230 595 19 and and CCONJ cjal-3230 595 20 reuters reuter NOUN cjal-3230 595 21 , , PUNCT cjal-3230 595 22 while while SCONJ cjal-3230 595 23 printed print VERB cjal-3230 595 24 publications publication NOUN cjal-3230 595 25 include include VERB cjal-3230 595 26 , , PUNCT cjal-3230 595 27 but but CCONJ cjal-3230 595 28 not not PART cjal-3230 595 29 limited limit VERB cjal-3230 595 30 to to ADP cjal-3230 595 31 , , PUNCT cjal-3230 595 32 the the DET cjal-3230 595 33 wall wall PROPN cjal-3230 595 34 street street PROPN cjal-3230 595 35 journal journal PROPN cjal-3230 595 36 , , PUNCT cjal-3230 595 37 euromoney euromoney NOUN cjal-3230 595 38 , , PUNCT cjal-3230 595 39 and and CCONJ cjal-3230 595 40 the the DET cjal-3230 595 41 international international ADJ cjal-3230 595 42 finance finance NOUN cjal-3230 595 43 review review NOUN cjal-3230 595 44 ( ( PUNCT cjal-3230 595 45 ifr ifr PROPN cjal-3230 595 46 ) ) PUNCT cjal-3230 595 47 . . PUNCT cjal-3230 596 1 137 137 NUM cjal-3230 596 2 from from ADP cjal-3230 596 3 latin latin ADJ cjal-3230 596 4 , , PUNCT cjal-3230 596 5 meaning mean VERB cjal-3230 596 6 " " PUNCT cjal-3230 596 7 let let VERB cjal-3230 596 8 the the DET cjal-3230 596 9 buyer buyer NOUN cjal-3230 596 10 beware beware VERB cjal-3230 596 11 " " PUNCT cjal-3230 596 12 . . PUNCT cjal-3230 597 1 138 138 NUM cjal-3230 597 2 redirecting redirect VERB cjal-3230 597 3 monetary monetary ADJ cjal-3230 597 4 policy policy NOUN cjal-3230 597 5 can can AUX cjal-3230 597 6 occur occur VERB cjal-3230 597 7 by by ADP cjal-3230 597 8 lowering lower VERB cjal-3230 597 9 real real ADJ cjal-3230 597 10 interest interest NOUN cjal-3230 597 11 rates rate NOUN cjal-3230 597 12 to to PART cjal-3230 597 13 provide provide VERB cjal-3230 597 14 an an DET cjal-3230 597 15 incentive incentive NOUN cjal-3230 597 16 for for SCONJ cjal-3230 597 17 individuals individual NOUN cjal-3230 597 18 and and CCONJ cjal-3230 597 19 corporates corporate NOUN cjal-3230 597 20 to to PART cjal-3230 597 21 borrow borrow VERB cjal-3230 597 22 and and CCONJ cjal-3230 597 23 invest invest VERB cjal-3230 597 24 to to PART cjal-3230 597 25 spur spur VERB cjal-3230 597 26 growth growth NOUN cjal-3230 597 27 and and CCONJ cjal-3230 597 28 investment investment NOUN cjal-3230 597 29 . . PUNCT cjal-3230 598 1 see see VERB cjal-3230 598 2 melicher melicher NOUN cjal-3230 598 3 and and CCONJ cjal-3230 598 4 norton norton NOUN cjal-3230 598 5 at at ADP cjal-3230 598 6 106 106 NUM cjal-3230 598 7 . . PUNCT cjal-3230 599 1 139 139 NUM cjal-3230 599 2 the the DET cjal-3230 599 3 1997 1997 NUM cjal-3230 599 4 asian asian ADJ cjal-3230 599 5 crisis crisis NOUN cjal-3230 599 6 was be AUX cjal-3230 599 7 reflected reflect VERB cjal-3230 599 8 the the DET cjal-3230 599 9 growing grow VERB cjal-3230 599 10 problem problem NOUN cjal-3230 599 11 of of ADP cjal-3230 599 12 capital capital NOUN cjal-3230 599 13 flight flight NOUN cjal-3230 599 14 and and CCONJ cjal-3230 599 15 short short ADJ cjal-3230 599 16 - - PUNCT cjal-3230 599 17 term term NOUN cjal-3230 599 18 international international ADJ cjal-3230 599 19 speculation speculation NOUN cjal-3230 599 20 in in ADP cjal-3230 599 21 the the DET cjal-3230 599 22 currency currency NOUN cjal-3230 599 23 and and CCONJ cjal-3230 599 24 securities security NOUN cjal-3230 599 25 markets market NOUN cjal-3230 599 26 . . PUNCT cjal-3230 600 1 see see VERB cjal-3230 600 2 david david PROPN cjal-3230 600 3 k. k. PROPN cjal-3230 600 4 eiteman eiteman PROPN cjal-3230 600 5 , , PUNCT cjal-3230 600 6 arthur arthur PROPN cjal-3230 600 7 i. i. PROPN cjal-3230 600 8 stonehill stonehill PROPN cjal-3230 600 9 , , PUNCT cjal-3230 600 10 and and CCONJ cjal-3230 600 11 michael michael PROPN cjal-3230 600 12 h. h. PROPN cjal-3230 600 13 moffett moffett PROPN cjal-3230 600 14 , , PUNCT cjal-3230 600 15 multinational multinational ADJ cjal-3230 600 16 business business NOUN cjal-3230 600 17 finance finance NOUN cjal-3230 600 18 39 39 NUM cjal-3230 600 19 ( ( PUNCT cjal-3230 600 20 addison addison PROPN cjal-3230 600 21 - - PUNCT cjal-3230 600 22 wesley wesley PROPN cjal-3230 600 23 publishing publishing PROPN cjal-3230 600 24 company company NOUN cjal-3230 600 25 . . PUNCT cjal-3230 600 26 , , PUNCT cjal-3230 600 27 inc inc PROPN cjal-3230 600 28 . . PROPN cjal-3230 600 29 2001 2001 NUM cjal-3230 600 30 9th 9th ADJ cjal-3230 600 31 ed ed NOUN cjal-3230 600 32 . . PUNCT cjal-3230 600 33 ) ) PUNCT cjal-3230 601 1 [ [ X cjal-3230 601 2 hereinafter hereinafter NOUN cjal-3230 601 3 eiteman eiteman NOUN cjal-3230 601 4 , , PUNCT cjal-3230 601 5 stonehill stonehill NOUN cjal-3230 601 6 , , PUNCT cjal-3230 601 7 and and CCONJ cjal-3230 601 8 moffett moffett PROPN cjal-3230 601 9 ] ] X cjal-3230 601 10 . . PUNCT cjal-3230 602 1 140 140 NUM cjal-3230 602 2 in in ADP cjal-3230 602 3 general general ADJ cjal-3230 602 4 " " PUNCT cjal-3230 602 5 companies company NOUN cjal-3230 602 6 are be AUX cjal-3230 602 7 said say VERB cjal-3230 602 8 by by ADP cjal-3230 602 9 economists economist NOUN cjal-3230 602 10 to to PART cjal-3230 602 11 be be AUX cjal-3230 602 12 behaving behave VERB cjal-3230 602 13 rationally rationally ADV cjal-3230 602 14 when when SCONJ cjal-3230 602 15 they they PRON cjal-3230 602 16 are be AUX cjal-3230 602 17 20041 20041 NUM cjal-3230 602 18 columbia columbia PROPN cjal-3230 602 19 journal journal PROPN cjal-3230 602 20 of of ADP cjal-3230 602 21 asian asian ADJ cjal-3230 602 22 law law NOUN cjal-3230 602 23 creation creation NOUN cjal-3230 602 24 is be AUX cjal-3230 602 25 artificially artificially ADV cjal-3230 602 26 stunted stunted ADJ cjal-3230 602 27 vis vis X cjal-3230 602 28 - - PUNCT cjal-3230 602 29 a a DET cjal-3230 602 30 - - PUNCT cjal-3230 602 31 vis vis X cjal-3230 602 32 relevant relevant ADJ cjal-3230 602 33 legislation legislation NOUN cjal-3230 602 34 expressly expressly ADV cjal-3230 602 35 aimed aim VERB cjal-3230 602 36 to to PART cjal-3230 602 37 deflate deflate VERB cjal-3230 602 38 prices price NOUN cjal-3230 602 39 because because SCONJ cjal-3230 602 40 ( ( PUNCT cjal-3230 602 41 i i NOUN cjal-3230 602 42 ) ) PUNCT cjal-3230 602 43 the the DET cjal-3230 602 44 perceived perceive VERB cjal-3230 602 45 " " PUNCT cjal-3230 602 46 bubble bubble NOUN cjal-3230 602 47 " " PUNCT cjal-3230 602 48 may may AUX cjal-3230 602 49 not not PART cjal-3230 602 50 " " PUNCT cjal-3230 602 51 burst burst VERB cjal-3230 602 52 " " PUNCT cjal-3230 602 53 after after ADV cjal-3230 602 54 all all ADV cjal-3230 602 55 , , PUNCT cjal-3230 602 56 and and CCONJ cjal-3230 602 57 may may AUX cjal-3230 602 58 instead instead ADV cjal-3230 602 59 level level VERB cjal-3230 602 60 off off ADP cjal-3230 602 61 or or CCONJ cjal-3230 602 62 gradually gradually ADV cjal-3230 602 63 decline decline VERB cjal-3230 602 64 ; ; PUNCT cjal-3230 602 65 ( ( PUNCT cjal-3230 602 66 ii ii NOUN cjal-3230 602 67 ) ) PUNCT cjal-3230 602 68 the the DET cjal-3230 602 69 " " PUNCT cjal-3230 602 70 bubble bubble NOUN cjal-3230 602 71 " " PUNCT cjal-3230 602 72 legislation legislation NOUN cjal-3230 602 73 may may AUX cjal-3230 602 74 be be AUX cjal-3230 602 75 too too ADV cjal-3230 602 76 late late ADJ cjal-3230 602 77 , , PUNCT cjal-3230 602 78 so so SCONJ cjal-3230 602 79 that that SCONJ cjal-3230 602 80 by by ADP cjal-3230 602 81 the the DET cjal-3230 602 82 time time NOUN cjal-3230 602 83 it it PRON cjal-3230 602 84 is be AUX cjal-3230 602 85 passed pass VERB cjal-3230 602 86 into into ADP cjal-3230 602 87 legislation legislation NOUN cjal-3230 602 88 , , PUNCT cjal-3230 602 89 the the DET cjal-3230 602 90 price price NOUN cjal-3230 602 91 levels level NOUN cjal-3230 602 92 have have AUX cjal-3230 602 93 gone go VERB cjal-3230 602 94 in in ADP cjal-3230 602 95 a a DET cjal-3230 602 96 direction direction NOUN cjal-3230 602 97 different different ADJ cjal-3230 602 98 than than SCONJ cjal-3230 602 99 anticipated anticipate VERB cjal-3230 602 100 , , PUNCT cjal-3230 602 101 '' '' PUNCT cjal-3230 602 102 thus thus ADV cjal-3230 602 103 having have VERB cjal-3230 602 104 an an DET cjal-3230 602 105 impact impact NOUN cjal-3230 602 106 on on ADP cjal-3230 602 107 the the DET cjal-3230 602 108 markets market NOUN cjal-3230 602 109 different different ADJ cjal-3230 602 110 than than ADP cjal-3230 602 111 its its PRON cjal-3230 602 112 stated state VERB cjal-3230 602 113 objectives objective NOUN cjal-3230 602 114 ; ; PUNCT cjal-3230 602 115 ( ( PUNCT cjal-3230 602 116 iii iii X cjal-3230 602 117 ) ) PUNCT cjal-3230 602 118 even even ADV cjal-3230 602 119 if if SCONJ cjal-3230 602 120 the the DET cjal-3230 602 121 perceived perceive VERB cjal-3230 602 122 bubble bubble NOUN cjal-3230 602 123 is be AUX cjal-3230 602 124 a a DET cjal-3230 602 125 reality reality NOUN cjal-3230 602 126 and and CCONJ cjal-3230 602 127 it it PRON cjal-3230 602 128 does do AUX cjal-3230 602 129 in in ADP cjal-3230 602 130 fact fact NOUN cjal-3230 602 131 burst burst NOUN cjal-3230 602 132 , , PUNCT cjal-3230 602 133 the the DET cjal-3230 602 134 time time NOUN cjal-3230 602 135 up up ADP cjal-3230 602 136 until until ADP cjal-3230 602 137 that that DET cjal-3230 602 138 time time NOUN cjal-3230 602 139 is be AUX cjal-3230 602 140 a a DET cjal-3230 602 141 source source NOUN cjal-3230 602 142 of of ADP cjal-3230 602 143 great great ADJ cjal-3230 602 144 wealth wealth NOUN cjal-3230 602 145 for for ADP cjal-3230 602 146 individuals individual NOUN cjal-3230 602 147 who who PRON cjal-3230 602 148 are be AUX cjal-3230 602 149 free free ADJ cjal-3230 602 150 to to PART cjal-3230 602 151 either either CCONJ cjal-3230 602 152 leave leave VERB cjal-3230 602 153 their their PRON cjal-3230 602 154 money money NOUN cjal-3230 602 155 in in ADP cjal-3230 602 156 real real ADJ cjal-3230 602 157 estate estate NOUN cjal-3230 602 158 or or CCONJ cjal-3230 602 159 withdraw withdraw VERB cjal-3230 602 160 at at ADP cjal-3230 602 161 any any DET cjal-3230 602 162 time time NOUN cjal-3230 602 163 if if SCONJ cjal-3230 602 164 they they PRON cjal-3230 602 165 perceive perceive VERB cjal-3230 602 166 that that SCONJ cjal-3230 602 167 the the DET cjal-3230 602 168 risks risk NOUN cjal-3230 602 169 and/or and/or CCONJ cjal-3230 602 170 prices price NOUN cjal-3230 602 171 do do AUX cjal-3230 602 172 not not PART cjal-3230 602 173 justify justify VERB cjal-3230 602 174 the the DET cjal-3230 602 175 benefits benefit NOUN cjal-3230 602 176 ; ; PUNCT cjal-3230 602 177 ' ' PUNCT cjal-3230 602 178 2 2 NUM cjal-3230 602 179 and and CCONJ cjal-3230 602 180 ( ( PUNCT cjal-3230 602 181 iv iv X cjal-3230 602 182 ) ) PUNCT cjal-3230 602 183 at at ADP cjal-3230 602 184 any any DET cjal-3230 602 185 rate rate NOUN cjal-3230 602 186 , , PUNCT cjal-3230 602 187 there there PRON cjal-3230 602 188 are be VERB cjal-3230 602 189 always always ADV cjal-3230 602 190 " " PUNCT cjal-3230 602 191 winners winner NOUN cjal-3230 602 192 " " PUNCT cjal-3230 602 193 and and CCONJ cjal-3230 602 194 " " PUNCT cjal-3230 602 195 losers loser NOUN cjal-3230 602 196 " " PUNCT cjal-3230 602 197 in in ADP cjal-3230 602 198 the the DET cjal-3230 602 199 markets market NOUN cjal-3230 602 200 and and CCONJ cjal-3230 602 201 the the DET cjal-3230 602 202 government government NOUN cjal-3230 602 203 's 's PART cjal-3230 602 204 efforts effort NOUN cjal-3230 602 205 may may AUX cjal-3230 602 206 be be AUX cjal-3230 602 207 better well ADV cjal-3230 602 208 directed direct VERB cjal-3230 602 209 elsewhere elsewhere ADV cjal-3230 602 210 than than SCONJ cjal-3230 602 211 to to PART cjal-3230 602 212 determine determine VERB cjal-3230 602 213 the the DET cjal-3230 602 214 investment investment NOUN cjal-3230 602 215 outcome outcome NOUN cjal-3230 602 216 for for ADP cjal-3230 602 217 every every DET cjal-3230 602 218 one one NUM cjal-3230 602 219 of of ADP cjal-3230 602 220 its its PRON cjal-3230 602 221 citizens citizen NOUN cjal-3230 602 222 . . PUNCT cjal-3230 603 1 6 6 X cjal-3230 603 2 . . X cjal-3230 603 3 such such ADJ cjal-3230 603 4 government government NOUN cjal-3230 603 5 legislation legislation NOUN cjal-3230 603 6 will will AUX cjal-3230 603 7 have have VERB cjal-3230 603 8 the the DET cjal-3230 603 9 intended intend VERB cjal-3230 603 10 effect effect NOUN cjal-3230 603 11 in in ADP cjal-3230 603 12 the the DET cjal-3230 603 13 markets market NOUN cjal-3230 603 14 , , PUNCT cjal-3230 603 15 as as SCONJ cjal-3230 603 16 was be AUX cjal-3230 603 17 provided provide VERB cjal-3230 603 18 for for ADP cjal-3230 603 19 in in ADP cjal-3230 603 20 its its PRON cjal-3230 603 21 stated state VERB cjal-3230 603 22 objectives objective NOUN cjal-3230 603 23 market market NOUN cjal-3230 603 24 intervention intervention NOUN cjal-3230 603 25 is be AUX cjal-3230 603 26 a a DET cjal-3230 603 27 risky risky ADJ cjal-3230 603 28 business business NOUN cjal-3230 603 29 . . PUNCT cjal-3230 604 1 apart apart ADV cjal-3230 604 2 from from ADP cjal-3230 604 3 the the DET cjal-3230 604 4 risks risk NOUN cjal-3230 604 5 already already ADV cjal-3230 604 6 mentioned mention VERB cjal-3230 604 7 , , PUNCT cjal-3230 604 8 such such ADJ cjal-3230 604 9 as as ADP cjal-3230 604 10 lags lag NOUN cjal-3230 604 11 , , PUNCT cjal-3230 604 12 undershooting undershooting NOUN cjal-3230 604 13 , , PUNCT cjal-3230 604 14 and and CCONJ cjal-3230 604 15 overshooting overshooting NOUN cjal-3230 604 16 of of ADP cjal-3230 604 17 stated state VERB cjal-3230 604 18 objectives objective NOUN cjal-3230 604 19 , , PUNCT cjal-3230 604 20 nobel nobel PROPN cjal-3230 604 21 prize prize PROPN cjal-3230 604 22 winners winner NOUN cjal-3230 604 23 in in ADP cjal-3230 604 24 economics economic NOUN cjal-3230 604 25 , , PUNCT cjal-3230 604 26 from from ADP cjal-3230 604 27 ronald ronald PROPN cjal-3230 604 28 coase'43 coase'43 PROPN cjal-3230 604 29 to to ADP cjal-3230 604 30 the the DET cjal-3230 604 31 current current ADJ cjal-3230 604 32 u.s u.s PROPN cjal-3230 604 33 . . PROPN cjal-3230 604 34 federal federal PROPN cjal-3230 604 35 reserve reserve PROPN cjal-3230 604 36 chairman chairman PROPN cjal-3230 604 37 , , PUNCT cjal-3230 604 38 alan alan PROPN cjal-3230 604 39 greenspan greenspan PROPN cjal-3230 604 40 , , PUNCT cjal-3230 604 41 ' ' PUNCT cjal-3230 604 42 " " PUNCT cjal-3230 604 43 have have AUX cjal-3230 604 44 demonstrated demonstrate VERB cjal-3230 604 45 strong strong ADJ cjal-3230 604 46 deference deference NOUN cjal-3230 604 47 to to ADP cjal-3230 604 48 the the DET cjal-3230 604 49 markets market NOUN cjal-3230 604 50 , , PUNCT cjal-3230 604 51 and and CCONJ cjal-3230 604 52 postulated postulate VERB cjal-3230 604 53 alternatives alternative NOUN cjal-3230 604 54 to to ADP cjal-3230 604 55 government government NOUN cjal-3230 604 56 enforced enforce VERB cjal-3230 604 57 taxation taxation NOUN cjal-3230 604 58 . . PUNCT cjal-3230 605 1 '45 '45 NUM cjal-3230 605 2 maximizing maximize VERB cjal-3230 605 3 profits profit NOUN cjal-3230 605 4 . . PUNCT cjal-3230 606 1 maximizing maximize VERB cjal-3230 606 2 profits profit NOUN cjal-3230 606 3 means mean VERB cjal-3230 606 4 keeping keep VERB cjal-3230 606 5 costs cost NOUN cjal-3230 606 6 as as ADV cjal-3230 606 7 low low ADJ cjal-3230 606 8 as as ADP cjal-3230 606 9 possible possible ADJ cjal-3230 606 10 and and CCONJ cjal-3230 606 11 making make VERB cjal-3230 606 12 sales sale NOUN cjal-3230 606 13 revenue revenue NOUN cjal-3230 606 14 as as ADV cjal-3230 606 15 high high ADJ cjal-3230 606 16 as as ADP cjal-3230 606 17 possible possible ADJ cjal-3230 606 18 . . PUNCT cjal-3230 607 1 companies company NOUN cjal-3230 607 2 will will AUX cjal-3230 607 3 want want VERB cjal-3230 607 4 to to PART cjal-3230 607 5 change change VERB cjal-3230 607 6 a a DET cjal-3230 607 7 price price NOUN cjal-3230 607 8 that that PRON cjal-3230 607 9 is be AUX cjal-3230 607 10 high high ADJ cjal-3230 607 11 enough enough ADV cjal-3230 607 12 to to PART cjal-3230 607 13 cover cover VERB cjal-3230 607 14 their their PRON cjal-3230 607 15 costs cost NOUN cjal-3230 607 16 but but CCONJ cjal-3230 607 17 low low ADJ cjal-3230 607 18 enough enough ADV cjal-3230 607 19 to to PART cjal-3230 607 20 sell sell VERB cjal-3230 607 21 everything everything PRON cjal-3230 607 22 that that PRON cjal-3230 607 23 they they PRON cjal-3230 607 24 produce produce VERB cjal-3230 607 25 . . PUNCT cjal-3230 608 1 all all DET cjal-3230 608 2 their their PRON cjal-3230 608 3 decisions decision NOUN cjal-3230 608 4 about about ADP cjal-3230 608 5 how how SCONJ cjal-3230 608 6 to to PART cjal-3230 608 7 allocate allocate VERB cjal-3230 608 8 resources resource NOUN cjal-3230 608 9 will will AUX cjal-3230 608 10 be be AUX cjal-3230 608 11 based base VERB cjal-3230 608 12 on on ADP cjal-3230 608 13 the the DET cjal-3230 608 14 desire desire NOUN cjal-3230 608 15 to to PART cjal-3230 608 16 maximize maximize VERB cjal-3230 608 17 profit profit NOUN cjal-3230 608 18 . . PUNCT cjal-3230 608 19 " " PUNCT cjal-3230 609 1 this this DET cjal-3230 609 2 theory theory NOUN cjal-3230 609 3 applies apply VERB cjal-3230 609 4 to to ADP cjal-3230 609 5 the the DET cjal-3230 609 6 corporate corporate ADJ cjal-3230 609 7 level level NOUN cjal-3230 609 8 . . PUNCT cjal-3230 610 1 see see VERB cjal-3230 610 2 harding harding PROPN cjal-3230 610 3 at at ADP cjal-3230 610 4 5 5 NUM cjal-3230 610 5 - - SYM cjal-3230 610 6 6 6 NUM cjal-3230 610 7 . . PUNCT cjal-3230 611 1 ' ' NUM cjal-3230 611 2 4 4 NUM cjal-3230 611 3 ' ' PUNCT cjal-3230 611 4 during during ADP cjal-3230 611 5 the the DET cjal-3230 611 6 period period NOUN cjal-3230 611 7 from from ADP cjal-3230 611 8 2000 2000 NUM cjal-3230 611 9 to to ADP cjal-3230 611 10 2003 2003 NUM cjal-3230 611 11 , , PUNCT cjal-3230 611 12 the the DET cjal-3230 611 13 korea korea PROPN cjal-3230 611 14 composite composite PROPN cjal-3230 611 15 index index NOUN cjal-3230 611 16 , , PUNCT cjal-3230 611 17 or or CCONJ cjal-3230 611 18 kospi kospi NOUN cjal-3230 611 19 , , PUNCT cjal-3230 611 20 experienced experience VERB cjal-3230 611 21 negative negative ADJ cjal-3230 611 22 returns return NOUN cjal-3230 611 23 on on ADP cjal-3230 611 24 equity equity NOUN cjal-3230 611 25 see see VERB cjal-3230 611 26 appendix appendix NOUN cjal-3230 611 27 1 1 NUM cjal-3230 611 28 . . NUM cjal-3230 611 29 142 142 NUM cjal-3230 611 30 one one NUM cjal-3230 611 31 explanation explanation NOUN cjal-3230 611 32 of of ADP cjal-3230 611 33 cost cost NOUN cjal-3230 611 34 - - PUNCT cjal-3230 611 35 benefit benefit NOUN cjal-3230 611 36 analysis analysis NOUN cjal-3230 611 37 is be AUX cjal-3230 611 38 the the DET cjal-3230 611 39 " " PUNCT cjal-3230 611 40 weighting weight VERB cjal-3230 611 41 up up ADP cjal-3230 611 42 both both CCONJ cjal-3230 611 43 the the DET cjal-3230 611 44 tangible tangible ADJ cjal-3230 611 45 and and CCONJ cjal-3230 611 46 intangible intangible ADJ cjal-3230 611 47 costs cost NOUN cjal-3230 611 48 of of ADP cjal-3230 611 49 a a DET cjal-3230 611 50 particular particular ADJ cjal-3230 611 51 strategy strategy NOUN cjal-3230 611 52 and and CCONJ cjal-3230 611 53 setting set VERB cjal-3230 611 54 against against ADP cjal-3230 611 55 them they PRON cjal-3230 611 56 its its PRON cjal-3230 611 57 possible possible ADJ cjal-3230 611 58 benefits benefit NOUN cjal-3230 611 59 . . PUNCT cjal-3230 612 1 where where SCONJ cjal-3230 612 2 the the DET cjal-3230 612 3 benefits benefit NOUN cjal-3230 612 4 outweigh outweigh VERB cjal-3230 612 5 the the DET cjal-3230 612 6 costs cost NOUN cjal-3230 612 7 it it PRON cjal-3230 612 8 will will AUX cjal-3230 612 9 pay pay VERB cjal-3230 612 10 the the DET cjal-3230 612 11 company company NOUN cjal-3230 612 12 to to PART cjal-3230 612 13 go go VERB cjal-3230 612 14 ahead ahead ADV cjal-3230 612 15 . . PUNCT cjal-3230 612 16 " " PUNCT cjal-3230 613 1 see see VERB cjal-3230 613 2 harding harding PROPN cjal-3230 613 3 at at ADP cjal-3230 613 4 166 166 NUM cjal-3230 613 5 . . PUNCT cjal-3230 614 1 see see VERB cjal-3230 614 2 also also ADV cjal-3230 614 3 , , PUNCT cjal-3230 614 4 sharpe sharpe PROPN cjal-3230 614 5 , , PUNCT cjal-3230 614 6 alexander alexander PROPN cjal-3230 614 7 , , PUNCT cjal-3230 614 8 bailey bailey PROPN cjal-3230 614 9 , , PUNCT cjal-3230 614 10 fowler fowler PROPN cjal-3230 614 11 , , PUNCT cjal-3230 614 12 and and CCONJ cjal-3230 614 13 domain domain NOUN cjal-3230 614 14 at at ADP cjal-3230 614 15 806 806 NUM cjal-3230 614 16 - - SYM cjal-3230 614 17 807 807 NUM cjal-3230 614 18 . . PUNCT cjal-3230 615 1 143 143 NUM cjal-3230 615 2 robert robert PROPN cjal-3230 615 3 coase coase PROPN cjal-3230 615 4 won win VERB cjal-3230 615 5 the the DET cjal-3230 615 6 nobel nobel PROPN cjal-3230 615 7 prize prize PROPN cjal-3230 615 8 in in ADP cjal-3230 615 9 economics economic NOUN cjal-3230 615 10 in in ADP cjal-3230 615 11 1991 1991 NUM cjal-3230 615 12 " " PUNCT cjal-3230 615 13 for for ADP cjal-3230 615 14 his his PRON cjal-3230 615 15 discovery discovery NOUN cjal-3230 615 16 and and CCONJ cjal-3230 615 17 clarification clarification NOUN cjal-3230 615 18 of of ADP cjal-3230 615 19 the the DET cjal-3230 615 20 significance significance NOUN cjal-3230 615 21 of of ADP cjal-3230 615 22 transaction transaction NOUN cjal-3230 615 23 costs cost NOUN cjal-3230 615 24 and and CCONJ cjal-3230 615 25 property property NOUN cjal-3230 615 26 rights right NOUN cjal-3230 615 27 for for ADP cjal-3230 615 28 the the DET cjal-3230 615 29 institutional institutional ADJ cjal-3230 615 30 structure structure NOUN cjal-3230 615 31 and and CCONJ cjal-3230 615 32 functioning functioning NOUN cjal-3230 615 33 of of ADP cjal-3230 615 34 the the DET cjal-3230 615 35 economy economy NOUN cjal-3230 615 36 " " PUNCT cjal-3230 615 37 . . PUNCT cjal-3230 616 1 coase coase PROPN cjal-3230 616 2 served serve VERB cjal-3230 616 3 as as ADP cjal-3230 616 4 faculty faculty NOUN cjal-3230 616 5 for for ADP cjal-3230 616 6 the the DET cjal-3230 616 7 university university PROPN cjal-3230 616 8 of of ADP cjal-3230 616 9 chicago chicago PROPN cjal-3230 616 10 , , PUNCT cjal-3230 616 11 was be AUX cjal-3230 616 12 editor editor NOUN cjal-3230 616 13 of of ADP cjal-3230 616 14 the the DET cjal-3230 616 15 university university PROPN cjal-3230 616 16 of of ADP cjal-3230 616 17 chicago chicago PROPN cjal-3230 616 18 's 's PART cjal-3230 616 19 journal journal NOUN cjal-3230 616 20 of of ADP cjal-3230 616 21 law law NOUN cjal-3230 616 22 and and CCONJ cjal-3230 616 23 economics economic NOUN cjal-3230 616 24 , , PUNCT cjal-3230 616 25 and and CCONJ cjal-3230 616 26 received receive VERB cjal-3230 616 27 a a DET cjal-3230 616 28 b.sc b.sc PROPN cjal-3230 616 29 . . PUNCT cjal-3230 616 30 ( ( PUNCT cjal-3230 616 31 econ econ NOUN cjal-3230 616 32 ) ) PUNCT cjal-3230 616 33 from from ADP cjal-3230 616 34 the the DET cjal-3230 616 35 london london PROPN cjal-3230 616 36 school school NOUN cjal-3230 616 37 of of ADP cjal-3230 616 38 economics economic NOUN cjal-3230 616 39 . . PUNCT cjal-3230 617 1 ' ' PUNCT cjal-3230 617 2 44 44 NUM cjal-3230 617 3 regarding regard VERB cjal-3230 617 4 greenspan greenspan PROPN cjal-3230 617 5 's 's PART cjal-3230 617 6 view view NOUN cjal-3230 617 7 on on ADP cjal-3230 617 8 regulation regulation NOUN cjal-3230 617 9 and and CCONJ cjal-3230 617 10 regulators regulator NOUN cjal-3230 617 11 , , PUNCT cjal-3230 617 12 the the DET cjal-3230 617 13 fed fed PROPN cjal-3230 617 14 chairman chairman NOUN cjal-3230 617 15 is be AUX cjal-3230 617 16 quoted quote VERB cjal-3230 617 17 as as ADP cjal-3230 617 18 saying say VERB cjal-3230 617 19 , , PUNCT cjal-3230 617 20 " " PUNCT cjal-3230 617 21 super super ADJ cjal-3230 617 22 - - ADJ cjal-3230 617 23 regulators regulator NOUN cjal-3230 617 24 tend tend VERB cjal-3230 617 25 to to PART cjal-3230 617 26 over over NOUN cjal-3230 617 27 - - PUNCT cjal-3230 617 28 regulate regulate VERB cjal-3230 617 29 and and CCONJ cjal-3230 617 30 make make VERB cjal-3230 617 31 unbelievable unbelievable ADJ cjal-3230 617 32 mistakes mistake NOUN cjal-3230 617 33 . . PUNCT cjal-3230 618 1 i i PRON cjal-3230 618 2 would would AUX cjal-3230 618 3 suspect suspect VERB cjal-3230 618 4 that that SCONJ cjal-3230 618 5 i i PRON cjal-3230 618 6 would would AUX cjal-3230 618 7 know know VERB cjal-3230 618 8 most most ADJ cjal-3230 618 9 of of ADP cjal-3230 618 10 the the DET cjal-3230 618 11 people people NOUN cjal-3230 618 12 who who PRON cjal-3230 618 13 would would AUX cjal-3230 618 14 be be AUX cjal-3230 618 15 in in ADP cjal-3230 618 16 charge charge NOUN cjal-3230 618 17 of of ADP cjal-3230 618 18 making make VERB cjal-3230 618 19 the the DET cjal-3230 618 20 types type NOUN cjal-3230 618 21 of of ADP cjal-3230 618 22 judgments judgment NOUN cjal-3230 618 23 that that PRON cjal-3230 618 24 would would AUX cjal-3230 618 25 be be AUX cjal-3230 618 26 required require VERB cjal-3230 618 27 for for ADP cjal-3230 618 28 that that PRON cjal-3230 618 29 , , PUNCT cjal-3230 618 30 and and CCONJ cjal-3230 618 31 i i PRON cjal-3230 618 32 will will AUX cjal-3230 618 33 tell tell VERB cjal-3230 618 34 you you PRON cjal-3230 618 35 that that SCONJ cjal-3230 618 36 they they PRON cjal-3230 618 37 do do AUX cjal-3230 618 38 n't not PART cjal-3230 618 39 have have VERB cjal-3230 618 40 a a DET cjal-3230 618 41 clue clue NOUN cjal-3230 618 42 as as ADP cjal-3230 618 43 to to ADP cjal-3230 618 44 what what PRON cjal-3230 618 45 to to PART cjal-3230 618 46 do do AUX cjal-3230 618 47 . . PUNCT cjal-3230 619 1 i i PRON cjal-3230 619 2 would would AUX cjal-3230 619 3 much much ADV cjal-3230 619 4 prefer prefer VERB cjal-3230 619 5 to to PART cjal-3230 619 6 allow allow VERB cjal-3230 619 7 very very ADV cjal-3230 619 8 complex complex ADJ cjal-3230 619 9 market market NOUN cjal-3230 619 10 forces force NOUN cjal-3230 619 11 to to PART cjal-3230 619 12 tell tell VERB cjal-3230 619 13 us we PRON cjal-3230 619 14 . . PUNCT cjal-3230 619 15 " " PUNCT cjal-3230 620 1 see see VERB cjal-3230 620 2 bob bob PROPN cjal-3230 620 3 woodward woodward PROPN cjal-3230 620 4 , , PUNCT cjal-3230 620 5 maestro maestro PROPN cjal-3230 620 6 : : PUNCT cjal-3230 620 7 greenspan greenspan PROPN cjal-3230 620 8 's 's PART cjal-3230 620 9 fed fed PROPN cjal-3230 620 10 and and CCONJ cjal-3230 620 11 the the DET cjal-3230 620 12 american american ADJ cjal-3230 620 13 boom boom PROPN cjal-3230 620 14 194 194 NUM cjal-3230 620 15 ( ( PUNCT cjal-3230 620 16 pocket pocket NOUN cjal-3230 620 17 books book NOUN cjal-3230 620 18 , , PUNCT cjal-3230 620 19 2001 2001 NUM cjal-3230 620 20 ) ) PUNCT cjal-3230 620 21 . . PUNCT cjal-3230 621 1 145 145 NUM cjal-3230 622 1 the the DET cjal-3230 622 2 alternative alternative ADJ cjal-3230 622 3 approach approach NOUN cjal-3230 622 4 by by ADP cjal-3230 622 5 ronald ronald PROPN cjal-3230 622 6 coase coase PROPN cjal-3230 622 7 is be AUX cjal-3230 622 8 known know VERB cjal-3230 622 9 as as ADP cjal-3230 622 10 the the DET cjal-3230 622 11 " " PUNCT cjal-3230 622 12 property property NOUN cjal-3230 622 13 rights right NOUN cjal-3230 622 14 " " PUNCT cjal-3230 622 15 approach approach NOUN cjal-3230 622 16 , , PUNCT cjal-3230 622 17 which which PRON cjal-3230 622 18 is be AUX cjal-3230 622 19 [ [ X cjal-3230 622 20 18:1 18:1 NUM cjal-3230 622 21 2004 2004 NUM cjal-3230 622 22 ] ] PUNCT cjal-3230 622 23 anti anti ADJ cjal-3230 622 24 - - ADJ cjal-3230 622 25 specula specula ADJ cjal-3230 622 26 tion tion NOUN cjal-3230 622 27 laws law NOUN cjal-3230 622 28 and and CCONJ cjal-3230 622 29 their their PRON cjal-3230 622 30 impa impa NOUN cjal-3230 622 31 ct ct NOUN cjal-3230 622 32 irrespective irrespective ADV cjal-3230 622 33 of of ADP cjal-3230 622 34 these these DET cjal-3230 622 35 risks risk NOUN cjal-3230 622 36 , , PUNCT cjal-3230 622 37 the the DET cjal-3230 622 38 actual actual ADJ cjal-3230 622 39 market market NOUN cjal-3230 622 40 effects effect NOUN cjal-3230 622 41 of of ADP cjal-3230 622 42 the the DET cjal-3230 622 43 antispeculation antispeculation NOUN cjal-3230 622 44 laws law NOUN cjal-3230 622 45 , , PUNCT cjal-3230 622 46 which which PRON cjal-3230 622 47 culminated culminate VERB cjal-3230 622 48 into into ADP cjal-3230 622 49 the the DET cjal-3230 622 50 october october PROPN cjal-3230 622 51 29 29 NUM cjal-3230 622 52 , , PUNCT cjal-3230 622 53 2003 2003 NUM cjal-3230 622 54 government government NOUN cjal-3230 622 55 announcement announcement NOUN cjal-3230 622 56 of of ADP cjal-3230 622 57 the the DET cjal-3230 622 58 anti anti ADJ cjal-3230 622 59 - - ADJ cjal-3230 622 60 speculation speculation ADJ cjal-3230 622 61 laws law NOUN cjal-3230 622 62 , , PUNCT cjal-3230 622 63 seem seem VERB cjal-3230 622 64 to to PART cjal-3230 622 65 have have AUX cjal-3230 622 66 had have VERB cjal-3230 622 67 a a DET cjal-3230 622 68 nominal nominal ADJ cjal-3230 622 69 effect effect NOUN cjal-3230 622 70 at at ADP cjal-3230 622 71 best good ADJ cjal-3230 622 72 on on ADP cjal-3230 622 73 the the DET cjal-3230 622 74 korean korean ADJ cjal-3230 622 75 real real ADJ cjal-3230 622 76 estate estate NOUN cjal-3230 622 77 markets market NOUN cjal-3230 622 78 . . PUNCT cjal-3230 623 1 in in ADP cjal-3230 623 2 the the DET cjal-3230 623 3 weeks week NOUN cjal-3230 623 4 following follow VERB cjal-3230 623 5 the the DET cjal-3230 623 6 government government NOUN cjal-3230 623 7 's 's PART cjal-3230 623 8 october october PROPN cjal-3230 623 9 29 29 NUM cjal-3230 623 10 , , PUNCT cjal-3230 623 11 2003 2003 NUM cjal-3230 623 12 announcement announcement NOUN cjal-3230 623 13 , , PUNCT cjal-3230 623 14 little little ADJ cjal-3230 623 15 impact impact NOUN cjal-3230 623 16 has have AUX cjal-3230 623 17 been be AUX cjal-3230 623 18 made make VERB cjal-3230 623 19 on on ADP cjal-3230 623 20 the the DET cjal-3230 623 21 korean korean ADJ cjal-3230 623 22 real real ADJ cjal-3230 623 23 estate estate NOUN cjal-3230 623 24 markets market NOUN cjal-3230 623 25 . . PUNCT cjal-3230 624 1 for for ADP cjal-3230 624 2 example example NOUN cjal-3230 624 3 , , PUNCT cjal-3230 624 4 in in ADP cjal-3230 624 5 the the DET cjal-3230 624 6 one one NUM cjal-3230 624 7 - - PUNCT cjal-3230 624 8 month month NOUN cjal-3230 624 9 period period NOUN cjal-3230 624 10 from from ADP cjal-3230 624 11 october october PROPN cjal-3230 624 12 29 29 NUM cjal-3230 624 13 , , PUNCT cjal-3230 624 14 2003 2003 NUM cjal-3230 624 15 to to ADP cjal-3230 624 16 november november PROPN cjal-3230 624 17 28 28 NUM cjal-3230 624 18 , , PUNCT cjal-3230 624 19 2003 2003 NUM cjal-3230 624 20 , , PUNCT cjal-3230 624 21 seoul seoul PROPN cjal-3230 624 22 apartment apartment NOUN cjal-3230 624 23 prices price NOUN cjal-3230 624 24 fell fall VERB cjal-3230 624 25 a a DET cjal-3230 624 26 mere mere ADJ cjal-3230 624 27 0.85 0.85 NUM cjal-3230 624 28 % % NOUN cjal-3230 624 29 . . PUNCT cjal-3230 625 1 " " PUNCT cjal-3230 625 2 46 46 NUM cjal-3230 625 3 separately separately ADV cjal-3230 625 4 , , PUNCT cjal-3230 625 5 the the DET cjal-3230 625 6 korea korea PROPN cjal-3230 625 7 housing housing PROPN cjal-3230 625 8 institute institute PROPN cjal-3230 625 9 ( ( PUNCT cjal-3230 625 10 khi khi PROPN cjal-3230 625 11 ) ) PUNCT cjal-3230 625 12 predicted predict VERB cjal-3230 625 13 that that SCONJ cjal-3230 625 14 seoul seoul PROPN cjal-3230 625 15 housing housing NOUN cjal-3230 625 16 prices price NOUN cjal-3230 625 17 would would AUX cjal-3230 625 18 decrease decrease VERB cjal-3230 625 19 a a DET cjal-3230 625 20 total total NOUN cjal-3230 625 21 of of ADP cjal-3230 625 22 a a DET cjal-3230 625 23 mere mere ADJ cjal-3230 625 24 1.8%.1 1.8%.1 NUM cjal-3230 625 25 7 7 NUM cjal-3230 625 26 averaging average VERB cjal-3230 625 27 the the DET cjal-3230 625 28 two two NUM cjal-3230 625 29 figures figure NOUN cjal-3230 625 30 , , PUNCT cjal-3230 625 31 one one PRON cjal-3230 625 32 can can AUX cjal-3230 625 33 reasonably reasonably ADV cjal-3230 625 34 presume presume VERB cjal-3230 625 35 that that SCONJ cjal-3230 625 36 seoul seoul PROPN cjal-3230 625 37 housing housing NOUN cjal-3230 625 38 prices price NOUN cjal-3230 625 39 could could AUX cjal-3230 625 40 fall fall VERB cjal-3230 625 41 on on ADP cjal-3230 625 42 average average ADJ cjal-3230 625 43 around around ADP cjal-3230 625 44 0.94 0.94 NUM cjal-3230 625 45 % % NOUN cjal-3230 625 46 , , PUNCT cjal-3230 625 47 barely barely ADV cjal-3230 625 48 reaching reach VERB cjal-3230 625 49 1 1 NUM cjal-3230 625 50 % % NOUN cjal-3230 625 51 . . PUNCT cjal-3230 626 1 thus thus ADV cjal-3230 626 2 , , PUNCT cjal-3230 626 3 if if SCONJ cjal-3230 626 4 putting put VERB cjal-3230 626 5 notable notable ADJ cjal-3230 626 6 downward downward ADJ cjal-3230 626 7 pressure pressure NOUN cjal-3230 626 8 was be AUX cjal-3230 626 9 the the DET cjal-3230 626 10 objective objective NOUN cjal-3230 626 11 of of ADP cjal-3230 626 12 the the DET cjal-3230 626 13 anti anti ADJ cjal-3230 626 14 - - ADJ cjal-3230 626 15 speculation speculation ADJ cjal-3230 626 16 laws law NOUN cjal-3230 626 17 , , PUNCT cjal-3230 626 18 then then ADV cjal-3230 626 19 the the DET cjal-3230 626 20 actual actual ADJ cjal-3230 626 21 market market NOUN cjal-3230 626 22 affect affect NOUN cjal-3230 626 23 falls fall VERB cjal-3230 626 24 short short ADV cjal-3230 626 25 of of ADP cjal-3230 626 26 expectations expectation NOUN cjal-3230 626 27 . . PUNCT cjal-3230 627 1 above above ADV cjal-3230 627 2 and and CCONJ cjal-3230 627 3 beyond beyond ADP cjal-3230 627 4 the the DET cjal-3230 627 5 evidence evidence NOUN cjal-3230 627 6 that that SCONJ cjal-3230 627 7 housing housing NOUN cjal-3230 627 8 prices price NOUN cjal-3230 627 9 have have AUX cjal-3230 627 10 reacted react VERB cjal-3230 627 11 nominally nominally ADV cjal-3230 627 12 to to ADP cjal-3230 627 13 the the DET cjal-3230 627 14 anti anti ADJ cjal-3230 627 15 - - ADJ cjal-3230 627 16 speculation speculation ADJ cjal-3230 627 17 laws law NOUN cjal-3230 627 18 , , PUNCT cjal-3230 627 19 is be AUX cjal-3230 627 20 the the DET cjal-3230 627 21 fact fact NOUN cjal-3230 627 22 that that SCONJ cjal-3230 627 23 the the DET cjal-3230 627 24 antispeculation antispeculation NOUN cjal-3230 627 25 laws law NOUN cjal-3230 627 26 ironically ironically ADV cjal-3230 627 27 may may AUX cjal-3230 627 28 have have AUX cjal-3230 627 29 triggered trigger VERB cjal-3230 627 30 a a DET cjal-3230 627 31 larger large ADJ cjal-3230 627 32 " " PUNCT cjal-3230 627 33 bubble bubble NOUN cjal-3230 627 34 " " PUNCT cjal-3230 627 35 in in ADP cjal-3230 627 36 the the DET cjal-3230 627 37 korean korean ADJ cjal-3230 627 38 real real ADJ cjal-3230 627 39 estate estate NOUN cjal-3230 627 40 markets market NOUN cjal-3230 627 41 . . PUNCT cjal-3230 628 1 4 4 NUM cjal-3230 628 2 8 8 NUM cjal-3230 628 3 an an DET cjal-3230 628 4 alternative alternative ADJ cjal-3230 628 5 approach approach NOUN cjal-3230 628 6 to to ADP cjal-3230 628 7 the the DET cjal-3230 628 8 more more ADV cjal-3230 628 9 standard standard ADJ cjal-3230 628 10 " " PUNCT cjal-3230 628 11 tax tax NOUN cjal-3230 628 12 or or CCONJ cjal-3230 628 13 subsidy subsidy NOUN cjal-3230 628 14 " " PUNCT cjal-3230 628 15 approach approach NOUN cjal-3230 628 16 posited posit VERB cjal-3230 628 17 by by ADP cjal-3230 628 18 british british ADJ cjal-3230 628 19 economist economist NOUN cjal-3230 628 20 , , PUNCT cjal-3230 628 21 a.c a.c PROPN cjal-3230 628 22 . . PROPN cjal-3230 628 23 pigou pigou PROPN cjal-3230 628 24 . . PUNCT cjal-3230 629 1 the the DET cjal-3230 629 2 " " PUNCT cjal-3230 629 3 property property NOUN cjal-3230 629 4 rights right NOUN cjal-3230 629 5 " " PUNCT cjal-3230 629 6 approach approach NOUN cjal-3230 629 7 suggests suggest VERB cjal-3230 629 8 that that SCONJ cjal-3230 629 9 creating create VERB cjal-3230 629 10 new new ADJ cjal-3230 629 11 private private ADJ cjal-3230 629 12 sector sector NOUN cjal-3230 629 13 institutions institution NOUN cjal-3230 629 14 is be AUX cjal-3230 629 15 better well ADJ cjal-3230 629 16 than than ADP cjal-3230 629 17 using use VERB cjal-3230 629 18 taxes taxis NOUN cjal-3230 629 19 or or CCONJ cjal-3230 629 20 subsidies subsidy NOUN cjal-3230 629 21 . . PUNCT cjal-3230 630 1 see see VERB cjal-3230 630 2 thomas thomas PROPN cjal-3230 630 3 a. a. PROPN cjal-3230 630 4 pugel pugel PROPN cjal-3230 630 5 , , PUNCT cjal-3230 630 6 international international ADJ cjal-3230 630 7 economics economic NOUN cjal-3230 630 8 189 189 NUM cjal-3230 630 9 ( ( PUNCT cjal-3230 630 10 mcgraw mcgraw NOUN cjal-3230 630 11 - - PUNCT cjal-3230 630 12 hill hill NOUN cjal-3230 630 13 , , PUNCT cjal-3230 630 14 international international ADJ cjal-3230 630 15 edition edition NOUN cjal-3230 630 16 , , PUNCT cjal-3230 630 17 12th 12th NOUN cjal-3230 630 18 edition edition NOUN cjal-3230 630 19 ) ) PUNCT cjal-3230 631 1 [ [ X cjal-3230 631 2 hereinafter hereinafter NOUN cjal-3230 631 3 pugel pugel NOUN cjal-3230 631 4 ] ] X cjal-3230 631 5 . . PUNCT cjal-3230 632 1 more more ADV cjal-3230 632 2 recently recently ADV cjal-3230 632 3 during during ADP cjal-3230 632 4 a a DET cjal-3230 632 5 speech speech NOUN cjal-3230 632 6 in in ADP cjal-3230 632 7 berlin berlin PROPN cjal-3230 632 8 , , PUNCT cjal-3230 632 9 greenspan greenspan PROPN cjal-3230 632 10 also also ADV cjal-3230 632 11 was be AUX cjal-3230 632 12 quoted quote VERB cjal-3230 632 13 as as ADP cjal-3230 632 14 saying say VERB cjal-3230 632 15 , , PUNCT cjal-3230 632 16 " " PUNCT cjal-3230 632 17 we we PRON cjal-3230 632 18 should should AUX cjal-3230 632 19 be be AUX cjal-3230 632 20 very very ADV cjal-3230 632 21 careful careful ADJ cjal-3230 632 22 in in ADP cjal-3230 632 23 trying try VERB cjal-3230 632 24 to to PART cjal-3230 632 25 alter alter VERB cjal-3230 632 26 the the DET cjal-3230 632 27 markets market NOUN cjal-3230 632 28 driving drive VERB cjal-3230 632 29 towards towards ADP cjal-3230 632 30 balance balance NOUN cjal-3230 632 31 because because SCONJ cjal-3230 632 32 with with ADP cjal-3230 632 33 very very ADV cjal-3230 632 34 major major ADJ cjal-3230 632 35 changes change NOUN cjal-3230 632 36 - - PUNCT cjal-3230 632 37 not not PART cjal-3230 632 38 all all PRON cjal-3230 632 39 of of ADP cjal-3230 632 40 which which PRON cjal-3230 632 41 we we PRON cjal-3230 632 42 fully fully ADV cjal-3230 632 43 understand understand VERB cjal-3230 632 44 - - PUNCT cjal-3230 632 45 there there PRON cjal-3230 632 46 are be VERB cjal-3230 632 47 risks risk NOUN cjal-3230 632 48 that that PRON cjal-3230 632 49 unexpected unexpected ADJ cjal-3230 632 50 events event NOUN cjal-3230 632 51 can can AUX cjal-3230 632 52 occur occur VERB cjal-3230 632 53 . . PUNCT cjal-3230 632 54 " " PUNCT cjal-3230 633 1 see see VERB cjal-3230 633 2 ' ' PUNCT cjal-3230 633 3 unexpected unexpected ADJ cjal-3230 633 4 events event NOUN cjal-3230 633 5 ' ' PART cjal-3230 633 6 risk risk NOUN cjal-3230 633 7 market market NOUN cjal-3230 633 8 , , PUNCT cjal-3230 633 9 greenspan greenspan PROPN cjal-3230 633 10 says say VERB cjal-3230 633 11 , , PUNCT cjal-3230 633 12 korea korea PROPN cjal-3230 633 13 times times PROPN cjal-3230 633 14 , , PUNCT cjal-3230 633 15 january january PROPN cjal-3230 633 16 15 15 NUM cjal-3230 633 17 , , PUNCT cjal-3230 633 18 2004 2004 NUM cjal-3230 633 19 , , PUNCT cjal-3230 633 20 at at ADP cjal-3230 633 21 7 7 NUM cjal-3230 633 22 . . PUNCT cjal-3230 634 1 see see VERB cjal-3230 634 2 also also ADV cjal-3230 634 3 generally generally ADV cjal-3230 634 4 , , PUNCT cjal-3230 634 5 greenspan greenspan PROPN cjal-3230 634 6 defends defend VERB cjal-3230 634 7 fed fed PROPN cjal-3230 634 8 's 's PART cjal-3230 634 9 1990s 1990 NOUN cjal-3230 634 10 bubble bubble NOUN cjal-3230 634 11 management management PROPN cjal-3230 634 12 korea korea PROPN cjal-3230 634 13 times times PROPN cjal-3230 634 14 , , PUNCT cjal-3230 634 15 january january PROPN cjal-3230 634 16 5 5 NUM cjal-3230 634 17 , , PUNCT cjal-3230 634 18 2004 2004 NUM cjal-3230 634 19 , , PUNCT cjal-3230 634 20 at at ADP cjal-3230 634 21 16 16 NUM cjal-3230 634 22 . . PUNCT cjal-3230 635 1 146 146 NUM cjal-3230 635 2 see see VERB cjal-3230 635 3 ji ji PROPN cjal-3230 635 4 - - PUNCT cjal-3230 635 5 eun eun PROPN cjal-3230 635 6 seo seo PROPN cjal-3230 635 7 , , PUNCT cjal-3230 635 8 apartment apartment NOUN cjal-3230 635 9 prices price NOUN cjal-3230 635 10 dragged drag VERB cjal-3230 635 11 lower lower ADV cjal-3230 635 12 , , PUNCT cjal-3230 635 13 korea korea PROPN cjal-3230 635 14 herald herald PROPN cjal-3230 635 15 , , PUNCT cjal-3230 635 16 november november PROPN cjal-3230 635 17 28 28 NUM cjal-3230 635 18 , , PUNCT cjal-3230 635 19 2003 2003 NUM cjal-3230 635 20 , , PUNCT cjal-3230 635 21 at at ADP cjal-3230 635 22 17 17 NUM cjal-3230 635 23 . . PUNCT cjal-3230 636 1 147 147 NUM cjal-3230 636 2 see see VERB cjal-3230 636 3 keun keun PROPN cjal-3230 636 4 - - PUNCT cjal-3230 636 5 min min PROPN cjal-3230 636 6 bae bae PROPN cjal-3230 636 7 , , PUNCT cjal-3230 636 8 seoul seoul PROPN cjal-3230 636 9 housing housing NOUN cjal-3230 636 10 prices price NOUN cjal-3230 636 11 to to PART cjal-3230 636 12 fall fall VERB cjal-3230 636 13 1.8 1.8 NUM cjal-3230 636 14 % % NOUN cjal-3230 636 15 , , PUNCT cjal-3230 636 16 korea korea PROPN cjal-3230 636 17 times times PROPN cjal-3230 636 18 , , PUNCT cjal-3230 636 19 january january PROPN cjal-3230 636 20 8 8 NUM cjal-3230 636 21 , , PUNCT cjal-3230 636 22 2004 2004 NUM cjal-3230 636 23 , , PUNCT cjal-3230 636 24 at at ADP cjal-3230 636 25 10 10 NUM cjal-3230 636 26 . . PUNCT cjal-3230 636 27 148 148 NUM cjal-3230 636 28 three three NUM cjal-3230 636 29 pieces piece NOUN cjal-3230 636 30 of of ADP cjal-3230 636 31 evidence evidence NOUN cjal-3230 636 32 offer offer VERB cjal-3230 636 33 support support NOUN cjal-3230 636 34 for for ADP cjal-3230 636 35 this this PRON cjal-3230 636 36 . . PUNCT cjal-3230 637 1 first first ADV cjal-3230 637 2 , , PUNCT cjal-3230 637 3 in in ADP cjal-3230 637 4 a a DET cjal-3230 637 5 direct direct ADJ cjal-3230 637 6 reaction reaction NOUN cjal-3230 637 7 to to ADP cjal-3230 637 8 the the DET cjal-3230 637 9 anti anti ADJ cjal-3230 637 10 - - ADJ cjal-3230 637 11 speculation speculation ADJ cjal-3230 637 12 laws law NOUN cjal-3230 637 13 , , PUNCT cjal-3230 637 14 construction construction NOUN cjal-3230 637 15 companies company NOUN cjal-3230 637 16 in in ADP cjal-3230 637 17 korea korea PROPN cjal-3230 637 18 have have AUX cjal-3230 637 19 lowered lower VERB cjal-3230 637 20 sales sale NOUN cjal-3230 637 21 targets target NOUN cjal-3230 637 22 for for ADP cjal-3230 637 23 fiscal fiscal ADJ cjal-3230 637 24 year year NOUN cjal-3230 637 25 2004 2004 NUM cjal-3230 637 26 . . PUNCT cjal-3230 638 1 see see VERB cjal-3230 638 2 keunmin keunmin PROPN cjal-3230 638 3 bae bae PROPN cjal-3230 638 4 , , PUNCT cjal-3230 638 5 seoul seoul PROPN cjal-3230 638 6 housing housing NOUN cjal-3230 638 7 prices price NOUN cjal-3230 638 8 to to PART cjal-3230 638 9 fall fall VERB cjal-3230 638 10 1.8 1.8 NUM cjal-3230 638 11 % % NOUN cjal-3230 638 12 . . PUNCT cjal-3230 639 1 korea korea PROPN cjal-3230 639 2 times times PROPN cjal-3230 639 3 , , PUNCT cjal-3230 639 4 january january PROPN cjal-3230 639 5 8 8 NUM cjal-3230 639 6 , , PUNCT cjal-3230 639 7 2003 2003 NUM cjal-3230 639 8 , , PUNCT cjal-3230 639 9 at at ADP cjal-3230 639 10 10 10 NUM cjal-3230 639 11 . . PUNCT cjal-3230 640 1 this this PRON cjal-3230 640 2 will will AUX cjal-3230 640 3 in in ADP cjal-3230 640 4 turn turn VERB cjal-3230 640 5 lower low ADJ cjal-3230 640 6 construction construction NOUN cjal-3230 640 7 efforts effort NOUN cjal-3230 640 8 , , PUNCT cjal-3230 640 9 which which PRON cjal-3230 640 10 will will AUX cjal-3230 640 11 lower lower VERB cjal-3230 640 12 housing housing NOUN cjal-3230 640 13 supply supply NOUN cjal-3230 640 14 , , PUNCT cjal-3230 640 15 and and CCONJ cjal-3230 640 16 therefore therefore ADV cjal-3230 640 17 , , PUNCT cjal-3230 640 18 increase increase VERB cjal-3230 640 19 housing housing NOUN cjal-3230 640 20 prices price NOUN cjal-3230 640 21 ( ( PUNCT cjal-3230 640 22 counter counter NOUN cjal-3230 640 23 to to ADP cjal-3230 640 24 the the DET cjal-3230 640 25 anti anti ADJ cjal-3230 640 26 - - ADJ cjal-3230 640 27 speculation speculation ADJ cjal-3230 640 28 laws law NOUN cjal-3230 640 29 ' ' PART cjal-3230 640 30 stated state VERB cjal-3230 640 31 objectives objective NOUN cjal-3230 640 32 of of ADP cjal-3230 640 33 lowering lower VERB cjal-3230 640 34 property property NOUN cjal-3230 640 35 prices price NOUN cjal-3230 640 36 ) ) PUNCT cjal-3230 640 37 . . PUNCT cjal-3230 641 1 this this DET cjal-3230 641 2 methodology methodology NOUN cjal-3230 641 3 is be AUX cjal-3230 641 4 based base VERB cjal-3230 641 5 on on ADP cjal-3230 641 6 the the DET cjal-3230 641 7 economic economic ADJ cjal-3230 641 8 principle principle NOUN cjal-3230 641 9 that that SCONJ cjal-3230 641 10 scarcity scarcity NOUN cjal-3230 641 11 drives drive VERB cjal-3230 641 12 prices price NOUN cjal-3230 641 13 higher higher ADV cjal-3230 641 14 . . PUNCT cjal-3230 642 1 see see VERB cjal-3230 642 2 pugel pugel NOUN cjal-3230 642 3 at at ADP cjal-3230 642 4 700 700 NUM cjal-3230 642 5 - - SYM cjal-3230 642 6 702 702 NUM cjal-3230 642 7 . . PUNCT cjal-3230 642 8 second second ADJ cjal-3230 642 9 , , PUNCT cjal-3230 642 10 because because SCONJ cjal-3230 642 11 the the DET cjal-3230 642 12 housing housing NOUN cjal-3230 642 13 markets market NOUN cjal-3230 642 14 reacted react VERB cjal-3230 642 15 nominally nominally ADV cjal-3230 642 16 to to ADP cjal-3230 642 17 the the DET cjal-3230 642 18 anti anti ADJ cjal-3230 642 19 - - ADJ cjal-3230 642 20 speculation speculation ADJ cjal-3230 642 21 laws law NOUN cjal-3230 642 22 , , PUNCT cjal-3230 642 23 rumors rumor NOUN cjal-3230 642 24 have have AUX cjal-3230 642 25 circulated circulate VERB cjal-3230 642 26 throughout throughout ADP cjal-3230 642 27 seoul seoul PROPN cjal-3230 642 28 residents resident NOUN cjal-3230 642 29 that that SCONJ cjal-3230 642 30 housing housing NOUN cjal-3230 642 31 prices price NOUN cjal-3230 642 32 have have AUX cjal-3230 642 33 essentially essentially ADV cjal-3230 642 34 " " PUNCT cjal-3230 642 35 bottomed bottom VERB cjal-3230 642 36 out out ADP cjal-3230 642 37 " " PUNCT cjal-3230 642 38 in in ADP cjal-3230 642 39 the the DET cjal-3230 642 40 kangnam kangnam NOUN cjal-3230 642 41 area area NOUN cjal-3230 642 42 , , PUNCT cjal-3230 642 43 and and CCONJ cjal-3230 642 44 that that SCONJ cjal-3230 642 45 prices price NOUN cjal-3230 642 46 will will AUX cjal-3230 642 47 soon soon ADV cjal-3230 642 48 be be AUX cjal-3230 642 49 on on ADP cjal-3230 642 50 the the DET cjal-3230 642 51 rise rise NOUN cjal-3230 642 52 again again ADV cjal-3230 642 53 . . PUNCT cjal-3230 643 1 see see VERB cjal-3230 643 2 supra supra PROPN cjal-3230 643 3 note note PROPN cjal-3230 643 4 194 194 NUM cjal-3230 643 5 . . PUNCT cjal-3230 644 1 this this DET cjal-3230 644 2 type type NOUN cjal-3230 644 3 of of ADP cjal-3230 644 4 market market NOUN cjal-3230 644 5 sentiment sentiment NOUN cjal-3230 644 6 spurs spur VERB cjal-3230 644 7 ( ( PUNCT cjal-3230 644 8 rather rather ADV cjal-3230 644 9 than than ADP cjal-3230 644 10 curbs curb NOUN cjal-3230 644 11 ) ) PUNCT cjal-3230 644 12 housing housing NOUN cjal-3230 644 13 investment investment NOUN cjal-3230 644 14 , , PUNCT cjal-3230 644 15 which which PRON cjal-3230 644 16 in in ADP cjal-3230 644 17 turn turn NOUN cjal-3230 644 18 , , PUNCT cjal-3230 644 19 will will AUX cjal-3230 644 20 again again ADV cjal-3230 644 21 fuel fuel VERB cjal-3230 644 22 upward upward ADJ cjal-3230 644 23 pressure pressure NOUN cjal-3230 644 24 on on ADP cjal-3230 644 25 prices price NOUN cjal-3230 644 26 . . PUNCT cjal-3230 645 1 third third ADJ cjal-3230 645 2 , , PUNCT cjal-3230 645 3 and and CCONJ cjal-3230 645 4 finally finally ADV cjal-3230 645 5 , , PUNCT cjal-3230 645 6 housing housing NOUN cjal-3230 645 7 prices price NOUN cjal-3230 645 8 in in ADP cjal-3230 645 9 some some DET cjal-3230 645 10 areas area NOUN cjal-3230 645 11 ( ( PUNCT cjal-3230 645 12 including include VERB cjal-3230 645 13 kangnam kangnam NOUN cjal-3230 645 14 ) ) PUNCT cjal-3230 645 15 , , PUNCT cjal-3230 645 16 rose rise VERB cjal-3230 645 17 rather rather ADV cjal-3230 645 18 than than ADP cjal-3230 645 19 fell fall VERB cjal-3230 645 20 , , PUNCT cjal-3230 645 21 less less ADJ cjal-3230 645 22 than than ADP cjal-3230 645 23 two two NUM cjal-3230 645 24 weeks week NOUN cjal-3230 645 25 after after ADP cjal-3230 645 26 the the DET cjal-3230 645 27 government government NOUN cjal-3230 645 28 's 's PART cjal-3230 645 29 october october PROPN cjal-3230 645 30 29 29 NUM cjal-3230 645 31 , , PUNCT cjal-3230 645 32 2003 2003 NUM cjal-3230 645 33 announcement announcement NOUN cjal-3230 645 34 . . PUNCT cjal-3230 646 1 see see VERB cjal-3230 646 2 keun keun PROPN cjal-3230 646 3 - - PUNCT cjal-3230 646 4 min min PROPN cjal-3230 646 5 bae bae PROPN cjal-3230 646 6 , , PUNCT cjal-3230 646 7 seoul seoul PROPN cjal-3230 646 8 apartment apartment NOUN cjal-3230 646 9 prices price NOUN cjal-3230 646 10 , , PUNCT cjal-3230 646 11 korea korea PROPN cjal-3230 646 12 times times PROPN cjal-3230 646 13 , , PUNCT cjal-3230 646 14 november november PROPN cjal-3230 646 15 17 17 NUM cjal-3230 646 16 , , PUNCT cjal-3230 646 17 2003 2003 NUM cjal-3230 646 18 , , PUNCT cjal-3230 646 19 at at ADP cjal-3230 646 20 10 10 NUM cjal-3230 646 21 . . PUNCT cjal-3230 647 1 the the DET cjal-3230 647 2 article article NOUN cjal-3230 647 3 here here ADV cjal-3230 647 4 provides provide VERB cjal-3230 647 5 evidence evidence NOUN cjal-3230 647 6 that that SCONJ cjal-3230 647 7 the the DET cjal-3230 647 8 kangbuk kangbuk NOUN cjal-3230 647 9 area area NOUN cjal-3230 647 10 saw see VERB cjal-3230 647 11 prices price NOUN cjal-3230 647 12 rise rise VERB cjal-3230 647 13 0.01 0.01 NUM cjal-3230 647 14 to to ADP cjal-3230 647 15 0.3 0.3 NUM cjal-3230 647 16 % % NOUN cjal-3230 647 17 in in ADP cjal-3230 647 18 mid mid PROPN cjal-3230 647 19 - - PROPN cjal-3230 647 20 november november PROPN cjal-3230 647 21 , , PUNCT cjal-3230 647 22 2003 2003 NUM cjal-3230 647 23 ( ( PUNCT cjal-3230 647 24 i.e. i.e. X cjal-3230 647 25 , , PUNCT cjal-3230 647 26 approximately approximately ADV cjal-3230 647 27 two two NUM cjal-3230 647 28 weeks week NOUN cjal-3230 647 29 following follow VERB cjal-3230 647 30 the the DET cjal-3230 647 31 government government NOUN cjal-3230 647 32 's 's PART cjal-3230 647 33 october october PROPN cjal-3230 647 34 29 29 NUM cjal-3230 647 35 , , PUNCT cjal-3230 647 36 2003 2003 NUM cjal-3230 647 37 announcement announcement NOUN cjal-3230 647 38 ) ) PUNCT cjal-3230 647 39 . . PUNCT cjal-3230 648 1 as as ADP cjal-3230 648 2 further further ADJ cjal-3230 648 3 evidence evidence NOUN cjal-3230 648 4 of of ADP cjal-3230 648 5 how how SCONJ cjal-3230 648 6 the the DET cjal-3230 648 7 government government NOUN cjal-3230 648 8 's 's PART cjal-3230 648 9 anti anti ADJ cjal-3230 648 10 - - ADJ cjal-3230 648 11 speculation speculation ADJ cjal-3230 648 12 proposals proposal NOUN cjal-3230 648 13 have have AUX cjal-3230 648 14 had have AUX cjal-3230 648 15 little little ADJ cjal-3230 648 16 , , PUNCT cjal-3230 648 17 or or CCONJ cjal-3230 648 18 even even ADV cjal-3230 648 19 an an DET cjal-3230 648 20 opposite opposite ADJ cjal-3230 648 21 effect effect NOUN cjal-3230 648 22 , , PUNCT cjal-3230 648 23 as as SCONJ cjal-3230 648 24 the the DET cjal-3230 648 25 government government NOUN cjal-3230 648 26 intended intend VERB cjal-3230 648 27 , , PUNCT cjal-3230 648 28 following follow VERB cjal-3230 648 29 the the DET cjal-3230 648 30 government government NOUN cjal-3230 648 31 's 's PART cjal-3230 648 32 first first ADJ cjal-3230 648 33 real real ADJ cjal-3230 648 34 estate estate NOUN cjal-3230 648 35 antispeculation antispeculation NOUN cjal-3230 648 36 announcement announcement NOUN cjal-3230 648 37 on on ADP cjal-3230 648 38 may may PROPN cjal-3230 648 39 25 25 NUM cjal-3230 648 40 , , PUNCT cjal-3230 648 41 2003 2003 NUM cjal-3230 648 42 , , PUNCT cjal-3230 648 43 as as SCONJ cjal-3230 648 44 seoul seoul PROPN cjal-3230 648 45 saw see VERB cjal-3230 648 46 a a DET cjal-3230 648 47 0.9 0.9 NUM cjal-3230 648 48 % % NOUN cjal-3230 648 49 rise rise NOUN cjal-3230 648 50 in in ADP cjal-3230 648 51 apartment apartment NOUN cjal-3230 648 52 prices price NOUN cjal-3230 648 53 and and CCONJ cjal-3230 648 54 columbia columbia PROPN cjal-3230 648 55 journal journal PROPN cjal-3230 648 56 of of ADP cjal-3230 648 57 asian asian PROPN cjal-3230 648 58 law law PROPN cjal-3230 648 59 b. b. PROPN cjal-3230 648 60 risks risk NOUN cjal-3230 648 61 -analysis -analysis NOUN cjal-3230 648 62 and and CCONJ cjal-3230 648 63 commentary commentary NOUN cjal-3230 648 64 in in ADP cjal-3230 648 65 short short ADJ cjal-3230 648 66 , , PUNCT cjal-3230 648 67 several several ADJ cjal-3230 648 68 broad broad ADJ cjal-3230 648 69 risks risk NOUN cjal-3230 648 70 exist exist VERB cjal-3230 648 71 with with ADP cjal-3230 648 72 implementing implement VERB cjal-3230 648 73 the the DET cjal-3230 648 74 antispeculation antispeculation NOUN cjal-3230 648 75 laws law NOUN cjal-3230 648 76 , , PUNCT cjal-3230 648 77 in in ADP cjal-3230 648 78 addition addition NOUN cjal-3230 648 79 to to ADP cjal-3230 648 80 several several ADJ cjal-3230 648 81 tangentory tangentory NOUN cjal-3230 648 82 sub sub NOUN cjal-3230 648 83 - - NOUN cjal-3230 648 84 risks risk NOUN cjal-3230 648 85 . . PUNCT cjal-3230 649 1 the the DET cjal-3230 649 2 first first ADJ cjal-3230 649 3 broad broad ADJ cjal-3230 649 4 risk risk NOUN cjal-3230 649 5 is be AUX cjal-3230 649 6 that that SCONJ cjal-3230 649 7 the the DET cjal-3230 649 8 government government NOUN cjal-3230 649 9 could could AUX cjal-3230 649 10 possibly possibly ADV cjal-3230 649 11 be be AUX cjal-3230 649 12 incorrect incorrect ADJ cjal-3230 649 13 in in ADP cjal-3230 649 14 its its PRON cjal-3230 649 15 view view NOUN cjal-3230 649 16 that that SCONJ cjal-3230 649 17 current current ADJ cjal-3230 649 18 korean korean ADJ cjal-3230 649 19 residential residential ADJ cjal-3230 649 20 real real ADJ cjal-3230 649 21 estate estate NOUN cjal-3230 649 22 market market NOUN cjal-3230 649 23 prices price NOUN cjal-3230 649 24 far far ADV cjal-3230 649 25 exceed exceed VERB cjal-3230 649 26 its its PRON cjal-3230 649 27 market market NOUN cjal-3230 649 28 values value NOUN cjal-3230 649 29 ' ' PART cjal-3230 649 30 9 9 NUM cjal-3230 649 31 ( ( PUNCT cjal-3230 649 32 hereinafter hereinafter NOUN cjal-3230 649 33 , , PUNCT cjal-3230 649 34 " " PUNCT cjal-3230 649 35 calculation calculation NOUN cjal-3230 649 36 risk").'50 risk").'50 NOUN cjal-3230 649 37 the the DET cjal-3230 649 38 irony irony NOUN cjal-3230 649 39 of of ADP cjal-3230 649 40 trying try VERB cjal-3230 649 41 to to PART cjal-3230 649 42 suppress suppress VERB cjal-3230 649 43 such such DET cjal-3230 649 44 a a DET cjal-3230 649 45 profitability profitability NOUN cjal-3230 649 46 premium premium NOUN cjal-3230 649 47 " " PUNCT cjal-3230 649 48 ' ' PUNCT cjal-3230 649 49 is be AUX cjal-3230 649 50 that that SCONJ cjal-3230 649 51 a a DET cjal-3230 649 52 rise rise NOUN cjal-3230 649 53 in in ADP cjal-3230 649 54 market market NOUN cjal-3230 649 55 value value NOUN cjal-3230 649 56 after after ADP cjal-3230 649 57 the the DET cjal-3230 649 58 purchase purchase NOUN cjal-3230 649 59 of of ADP cjal-3230 649 60 property property NOUN cjal-3230 649 61 is be AUX cjal-3230 649 62 a a DET cjal-3230 649 63 very very ADV cjal-3230 649 64 necessary necessary ADJ cjal-3230 649 65 and and CCONJ cjal-3230 649 66 appropriate appropriate ADJ cjal-3230 649 67 means mean NOUN cjal-3230 649 68 of of ADP cjal-3230 649 69 increasing increase VERB cjal-3230 649 70 revenue revenue NOUN cjal-3230 649 71 for for ADP cjal-3230 649 72 the the DET cjal-3230 649 73 government government NOUN cjal-3230 649 74 and and CCONJ cjal-3230 649 75 its its PRON cjal-3230 649 76 taxpaying taxpaying NOUN cjal-3230 649 77 constituents constituent NOUN cjal-3230 649 78 . . PUNCT cjal-3230 650 1 in in ADP cjal-3230 650 2 short short ADJ cjal-3230 650 3 , , PUNCT cjal-3230 650 4 less less ADJ cjal-3230 650 5 profitability profitability NOUN cjal-3230 650 6 premium premium NOUN cjal-3230 650 7 means mean VERB cjal-3230 650 8 less less ADJ cjal-3230 650 9 government government NOUN cjal-3230 650 10 revenue revenue NOUN cjal-3230 650 11 . . PUNCT cjal-3230 651 1 thus thus ADV cjal-3230 651 2 by by ADP cjal-3230 651 3 artificially artificially ADV cjal-3230 651 4 suppressing suppress VERB cjal-3230 651 5 the the DET cjal-3230 651 6 domestic domestic ADJ cjal-3230 651 7 housing housing NOUN cjal-3230 651 8 market market NOUN cjal-3230 651 9 , , PUNCT cjal-3230 651 10 the the DET cjal-3230 651 11 government government NOUN cjal-3230 651 12 could could AUX cjal-3230 651 13 be be AUX cjal-3230 651 14 doing do VERB cjal-3230 651 15 itself itself PRON cjal-3230 651 16 more more ADJ cjal-3230 651 17 harm harm NOUN cjal-3230 651 18 than than ADP cjal-3230 651 19 good good ADJ cjal-3230 651 20 in in ADP cjal-3230 651 21 terms term NOUN cjal-3230 651 22 of of ADP cjal-3230 651 23 government government NOUN cjal-3230 651 24 revenue revenue NOUN cjal-3230 651 25 , , PUNCT cjal-3230 651 26 separate separate ADJ cjal-3230 651 27 from from ADP cjal-3230 651 28 the the DET cjal-3230 651 29 other other ADJ cjal-3230 651 30 risks risk NOUN cjal-3230 651 31 discussed discuss VERB cjal-3230 651 32 herein herein NOUN cjal-3230 651 33 . . PUNCT cjal-3230 651 34 ' ' PUNCT cjal-3230 652 1 52 52 NUM cjal-3230 652 2 moreover moreover ADV cjal-3230 652 3 , , PUNCT cjal-3230 652 4 if if SCONJ cjal-3230 652 5 the the DET cjal-3230 652 6 government government NOUN cjal-3230 652 7 wrongly wrongly ADV cjal-3230 652 8 labels label VERB cjal-3230 652 9 the the DET cjal-3230 652 10 p1 p1 NOUN cjal-3230 652 11 to to ADP cjal-3230 652 12 p0 p0 PROPN cjal-3230 652 13 differential differential NOUN cjal-3230 652 14 , , PUNCT cjal-3230 652 15 for for ADP cjal-3230 652 16 example example NOUN cjal-3230 652 17 that that SCONJ cjal-3230 652 18 a a DET cjal-3230 652 19 normal normal ADJ cjal-3230 652 20 and and CCONJ cjal-3230 652 21 beneficial beneficial ADJ cjal-3230 652 22 profit profit NOUN cjal-3230 652 23 premium premium NOUN cjal-3230 652 24 was be AUX cjal-3230 652 25 wrongly wrongly ADV cjal-3230 652 26 mislabeled mislabele VERB cjal-3230 652 27 as as ADP cjal-3230 652 28 a a DET cjal-3230 652 29 housing housing NOUN cjal-3230 652 30 " " PUNCT cjal-3230 652 31 bubble bubble NOUN cjal-3230 652 32 " " PUNCT cjal-3230 652 33 scenario scenario NOUN cjal-3230 652 34 , , PUNCT cjal-3230 652 35 then then ADV cjal-3230 652 36 two two NUM cjal-3230 652 37 ( ( PUNCT cjal-3230 652 38 2 2 NUM cjal-3230 652 39 ) ) PUNCT cjal-3230 652 40 specific specific ADJ cjal-3230 652 41 inherent inherent ADJ cjal-3230 652 42 problems problem NOUN cjal-3230 652 43 would would AUX cjal-3230 652 44 arise arise VERB cjal-3230 652 45 , , PUNCT cjal-3230 652 46 assuming assume VERB cjal-3230 652 47 legislative legislative ADJ cjal-3230 652 48 action action NOUN cjal-3230 652 49 in in ADP cjal-3230 652 50 the the DET cjal-3230 652 51 form form NOUN cjal-3230 652 52 of of ADP cjal-3230 652 53 the the DET cjal-3230 652 54 anti anti ADJ cjal-3230 652 55 - - ADJ cjal-3230 652 56 speculation speculation ADJ cjal-3230 652 57 laws law NOUN cjal-3230 652 58 were be AUX cjal-3230 652 59 passed pass VERB cjal-3230 652 60 . . PUNCT cjal-3230 653 1 the the DET cjal-3230 653 2 first first ADJ cjal-3230 653 3 problem problem NOUN cjal-3230 653 4 is be AUX cjal-3230 653 5 that that SCONJ cjal-3230 653 6 wealth wealth NOUN cjal-3230 653 7 would would AUX cjal-3230 653 8 unnecessarily unnecessarily ADV cjal-3230 653 9 be be AUX cjal-3230 653 10 taken take VERB cjal-3230 653 11 away away ADV cjal-3230 653 12 from from ADP cjal-3230 653 13 everyday everyday ADJ cjal-3230 653 14 investors investor NOUN cjal-3230 653 15 . . PUNCT cjal-3230 654 1 rational rational ADJ cjal-3230 654 2 gyeonggi gyeonggi NOUN cjal-3230 654 3 province province NOUN cjal-3230 654 4 saw see VERB cjal-3230 654 5 a a DET cjal-3230 654 6 1.43 1.43 NUM cjal-3230 654 7 % % NOUN cjal-3230 654 8 rise rise NOUN cjal-3230 654 9 in in ADP cjal-3230 654 10 the the DET cjal-3230 654 11 following follow VERB cjal-3230 654 12 month month NOUN cjal-3230 654 13 ( ( PUNCT cjal-3230 654 14 i.e. i.e. X cjal-3230 654 15 june june PROPN cjal-3230 654 16 2003 2003 NUM cjal-3230 654 17 ) ) PUNCT cjal-3230 654 18 . . PUNCT cjal-3230 655 1 see see VERB cjal-3230 655 2 supra supra PROPN cjal-3230 655 3 note note PROPN cjal-3230 655 4 194 194 NUM cjal-3230 655 5 . . PUNCT cjal-3230 655 6 1 1 NUM cjal-3230 655 7 49 49 NUM cjal-3230 655 8 if if SCONJ cjal-3230 655 9 we we PRON cjal-3230 655 10 assume assume VERB cjal-3230 655 11 that that SCONJ cjal-3230 655 12 free free ADJ cjal-3230 655 13 market market NOUN cjal-3230 655 14 entry entry NOUN cjal-3230 655 15 and and CCONJ cjal-3230 655 16 market market NOUN cjal-3230 655 17 competition competition NOUN cjal-3230 655 18 in in ADP cjal-3230 655 19 the the DET cjal-3230 655 20 real real ADJ cjal-3230 655 21 estate estate NOUN cjal-3230 655 22 markets market NOUN cjal-3230 655 23 are be AUX cjal-3230 655 24 given give VERB cjal-3230 655 25 , , PUNCT cjal-3230 655 26 then then ADV cjal-3230 655 27 the the DET cjal-3230 655 28 fair fair ADJ cjal-3230 655 29 market market NOUN cjal-3230 655 30 price price NOUN cjal-3230 655 31 can can AUX cjal-3230 655 32 be be AUX cjal-3230 655 33 set set VERB cjal-3230 655 34 according accord VERB cjal-3230 655 35 to to ADP cjal-3230 655 36 market market NOUN cjal-3230 655 37 supply supply NOUN cjal-3230 655 38 and and CCONJ cjal-3230 655 39 demand demand NOUN cjal-3230 655 40 . . PUNCT cjal-3230 656 1 when when SCONJ cjal-3230 656 2 buyer buyer NOUN cjal-3230 656 3 and and CCONJ cjal-3230 656 4 seller seller NOUN cjal-3230 656 5 both both PRON cjal-3230 656 6 agree agree VERB cjal-3230 656 7 on on ADP cjal-3230 656 8 a a DET cjal-3230 656 9 price price NOUN cjal-3230 656 10 set set VERB cjal-3230 656 11 by by ADP cjal-3230 656 12 free free ADJ cjal-3230 656 13 market market NOUN cjal-3230 656 14 competition competition NOUN cjal-3230 656 15 , , PUNCT cjal-3230 656 16 such such DET cjal-3230 656 17 a a DET cjal-3230 656 18 price price NOUN cjal-3230 656 19 is be AUX cjal-3230 656 20 referred refer VERB cjal-3230 656 21 to to ADP cjal-3230 656 22 as as ADP cjal-3230 656 23 the the DET cjal-3230 656 24 " " PUNCT cjal-3230 656 25 market market NOUN cjal-3230 656 26 price price NOUN cjal-3230 656 27 " " PUNCT cjal-3230 656 28 . . PUNCT cjal-3230 657 1 see see VERB cjal-3230 657 2 lee lee PROPN cjal-3230 657 3 r.y r.y PROPN cjal-3230 657 4 . . PROPN cjal-3230 658 1 at at ADP cjal-3230 658 2 104 104 NUM cjal-3230 658 3 150 150 NUM cjal-3230 658 4 specifically specifically ADV cjal-3230 658 5 , , PUNCT cjal-3230 658 6 this this DET cjal-3230 658 7 calculation calculation NOUN cjal-3230 658 8 risk risk NOUN cjal-3230 658 9 has have VERB cjal-3230 658 10 three three NUM cjal-3230 658 11 ( ( PUNCT cjal-3230 658 12 3 3 NUM cjal-3230 658 13 ) ) PUNCT cjal-3230 658 14 subset subset NOUN cjal-3230 658 15 risks risk NOUN cjal-3230 658 16 . . PUNCT cjal-3230 659 1 the the DET cjal-3230 659 2 first first ADJ cjal-3230 659 3 sub sub ADJ cjal-3230 659 4 - - ADJ cjal-3230 659 5 set set ADJ cjal-3230 659 6 risk risk NOUN cjal-3230 659 7 is be AUX cjal-3230 659 8 that that SCONJ cjal-3230 659 9 the the DET cjal-3230 659 10 government government NOUN cjal-3230 659 11 may may AUX cjal-3230 659 12 inaccurately inaccurately ADV cjal-3230 659 13 gauge gauge VERB cjal-3230 659 14 , , PUNCT cjal-3230 659 15 or or CCONJ cjal-3230 659 16 alternatively alternatively ADV cjal-3230 659 17 , , PUNCT cjal-3230 659 18 cherry cherry NOUN cjal-3230 659 19 - - PUNCT cjal-3230 659 20 pick pick VERB cjal-3230 659 21 certain certain ADJ cjal-3230 659 22 data datum NOUN cjal-3230 659 23 of of ADP cjal-3230 659 24 the the DET cjal-3230 659 25 large large ADJ cjal-3230 659 26 pool pool NOUN cjal-3230 659 27 of of ADP cjal-3230 659 28 data datum NOUN cjal-3230 659 29 available available ADJ cjal-3230 659 30 relating relate VERB cjal-3230 659 31 to to ADP cjal-3230 659 32 the the DET cjal-3230 659 33 housing housing NOUN cjal-3230 659 34 market market NOUN cjal-3230 659 35 , , PUNCT cjal-3230 659 36 to to PART cjal-3230 659 37 ascertain ascertain VERB cjal-3230 659 38 the the DET cjal-3230 659 39 current current ADJ cjal-3230 659 40 market market NOUN cjal-3230 659 41 price price NOUN cjal-3230 659 42 levels level NOUN cjal-3230 659 43 ( ( PUNCT cjal-3230 659 44 p1 p1 PROPN cjal-3230 659 45 ) ) PUNCT cjal-3230 659 46 . . PUNCT cjal-3230 660 1 the the DET cjal-3230 660 2 second second ADJ cjal-3230 660 3 sub sub ADJ cjal-3230 660 4 - - ADJ cjal-3230 660 5 set set ADJ cjal-3230 660 6 risk risk NOUN cjal-3230 660 7 is be AUX cjal-3230 660 8 that that SCONJ cjal-3230 660 9 the the DET cjal-3230 660 10 government government NOUN cjal-3230 660 11 must must AUX cjal-3230 660 12 also also ADV cjal-3230 660 13 play play VERB cjal-3230 660 14 market market NOUN cjal-3230 660 15 commentator commentator NOUN cjal-3230 660 16 by by ADP cjal-3230 660 17 gauging gauge VERB cjal-3230 660 18 a a DET cjal-3230 660 19 designated designate VERB cjal-3230 660 20 level level NOUN cjal-3230 660 21 as as ADP cjal-3230 660 22 the the DET cjal-3230 660 23 appropriate appropriate ADJ cjal-3230 660 24 market market NOUN cjal-3230 660 25 level level NOUN cjal-3230 660 26 ( ( PUNCT cjal-3230 660 27 p0 p0 NOUN cjal-3230 660 28 ) ) PUNCT cjal-3230 660 29 . . PUNCT cjal-3230 661 1 the the DET cjal-3230 661 2 third third ADJ cjal-3230 661 3 sub sub ADJ cjal-3230 661 4 - - ADJ cjal-3230 661 5 set set ADJ cjal-3230 661 6 risk risk NOUN cjal-3230 661 7 is be AUX cjal-3230 661 8 that that SCONJ cjal-3230 661 9 , , PUNCT cjal-3230 661 10 first first ADV cjal-3230 661 11 , , PUNCT cjal-3230 661 12 the the DET cjal-3230 661 13 government government NOUN cjal-3230 661 14 must must AUX cjal-3230 661 15 correctly correctly ADV cjal-3230 661 16 ascertain ascertain VERB cjal-3230 661 17 that that SCONJ cjal-3230 661 18 the the DET cjal-3230 661 19 difference difference NOUN cjal-3230 661 20 , , PUNCT cjal-3230 661 21 if if SCONJ cjal-3230 661 22 any any PRON cjal-3230 661 23 , , PUNCT cjal-3230 661 24 between between ADP cjal-3230 661 25 p1 p1 NOUN cjal-3230 661 26 and and CCONJ cjal-3230 661 27 p0 p0 NOUN cjal-3230 661 28 exists exist VERB cjal-3230 661 29 , , PUNCT cjal-3230 661 30 and and CCONJ cjal-3230 661 31 second second ADJ cjal-3230 661 32 , , PUNCT cjal-3230 661 33 such such ADJ cjal-3230 661 34 difference difference NOUN cjal-3230 661 35 is be AUX cjal-3230 661 36 enough enough ADJ cjal-3230 661 37 to to PART cjal-3230 661 38 constitute constitute VERB cjal-3230 661 39 a a DET cjal-3230 661 40 so so ADV cjal-3230 661 41 called call VERB cjal-3230 661 42 " " PUNCT cjal-3230 661 43 bubble bubble NOUN cjal-3230 661 44 " " PUNCT cjal-3230 661 45 scenario scenario NOUN cjal-3230 661 46 rather rather ADV cjal-3230 661 47 than than ADP cjal-3230 661 48 a a DET cjal-3230 661 49 perfectly perfectly ADV cjal-3230 661 50 acceptable acceptable ADJ cjal-3230 661 51 profitability profitability NOUN cjal-3230 661 52 premium premium NOUN cjal-3230 661 53 that that PRON cjal-3230 661 54 exists exist VERB cjal-3230 661 55 in in ADP cjal-3230 661 56 many many ADJ cjal-3230 661 57 residential residential ADJ cjal-3230 661 58 housing housing NOUN cjal-3230 661 59 of of ADP cjal-3230 661 60 the the DET cjal-3230 661 61 world world NOUN cjal-3230 661 62 . . PUNCT cjal-3230 662 1 a a DET cjal-3230 662 2 counterargument counterargument NOUN cjal-3230 662 3 exists exist VERB cjal-3230 662 4 , , PUNCT cjal-3230 662 5 reflective reflective ADJ cjal-3230 662 6 of of ADP cjal-3230 662 7 the the DET cjal-3230 662 8 government government NOUN cjal-3230 662 9 's 's PART cjal-3230 662 10 argument argument NOUN cjal-3230 662 11 , , PUNCT cjal-3230 662 12 which which PRON cjal-3230 662 13 states state VERB cjal-3230 662 14 that that SCONJ cjal-3230 662 15 , , PUNCT cjal-3230 662 16 " " PUNCT cjal-3230 662 17 bubble bubble NOUN cjal-3230 662 18 theory theory NOUN cjal-3230 662 19 of of ADP cjal-3230 662 20 speculative speculative ADJ cjal-3230 662 21 markets market NOUN cjal-3230 662 22 is be AUX cjal-3230 662 23 , , PUNCT cjal-3230 662 24 asset asset NOUN cjal-3230 662 25 prices price NOUN cjal-3230 662 26 sometimes sometimes ADV cjal-3230 662 27 move move VERB cjal-3230 662 28 wildly wildly ADV cjal-3230 662 29 above above ADP cjal-3230 662 30 their their PRON cjal-3230 662 31 true true ADJ cjal-3230 662 32 values value NOUN cjal-3230 662 33 . . PUNCT cjal-3230 663 1 eventually eventually ADV cjal-3230 663 2 prices price NOUN cjal-3230 663 3 fall fall VERB cjal-3230 663 4 back back ADV cjal-3230 663 5 to to ADP cjal-3230 663 6 their their PRON cjal-3230 663 7 original original ADJ cjal-3230 663 8 level level NOUN cjal-3230 663 9 , , PUNCT cjal-3230 663 10 causing cause VERB cjal-3230 663 11 great great ADJ cjal-3230 663 12 losses loss NOUN cjal-3230 663 13 for for ADP cjal-3230 663 14 investors investor NOUN cjal-3230 663 15 . . PUNCT cjal-3230 663 16 " " PUNCT cjal-3230 664 1 see see VERB cjal-3230 664 2 stephen stephen PROPN cjal-3230 664 3 a. a. PROPN cjal-3230 664 4 ross ross PROPN cjal-3230 664 5 , , PUNCT cjal-3230 664 6 randolph randolph PROPN cjal-3230 664 7 w. w. PROPN cjal-3230 664 8 westerfield westerfield PROPN cjal-3230 664 9 , , PUNCT cjal-3230 664 10 jeffery jeffery PROPN cjal-3230 664 11 f. f. PROPN cjal-3230 664 12 jaffe jaffe PROPN cjal-3230 664 13 , , PUNCT cjal-3230 664 14 and and CCONJ cjal-3230 664 15 gordon gordon PROPN cjal-3230 664 16 s. s. PROPN cjal-3230 664 17 roberts roberts PROPN cjal-3230 664 18 corporate corporate PROPN cjal-3230 664 19 finance finance NOUN cjal-3230 664 20 372 372 NUM cjal-3230 664 21 ( ( PUNCT cjal-3230 664 22 mcgrawhill mcgrawhill PROPN cjal-3230 664 23 ryerson ryerson PROPN cjal-3230 664 24 ltd ltd PROPN cjal-3230 664 25 . . PROPN cjal-3230 664 26 , , PUNCT cjal-3230 664 27 canadian canadian ADJ cjal-3230 664 28 2 2 NUM cjal-3230 664 29 " " PUNCT cjal-3230 664 30 " " PUNCT cjal-3230 664 31 ed ed NOUN cjal-3230 664 32 . . PROPN cjal-3230 664 33 , , PUNCT cjal-3230 664 34 1999 1999 NUM cjal-3230 664 35 ) ) PUNCT cjal-3230 664 36 151 151 NUM cjal-3230 664 37 see see VERB cjal-3230 664 38 aswath aswath NOUN cjal-3230 664 39 damodaran damodaran VERB cjal-3230 664 40 investment investment NOUN cjal-3230 664 41 valuation valuation NOUN cjal-3230 664 42 342 342 NUM cjal-3230 664 43 ( ( PUNCT cjal-3230 664 44 john john PROPN cjal-3230 664 45 wiley wiley PROPN cjal-3230 664 46 & & CCONJ cjal-3230 664 47 sons sons PROPN cjal-3230 664 48 , , PUNCT cjal-3230 664 49 inc inc PROPN cjal-3230 664 50 . . PROPN cjal-3230 664 51 1996 1996 NUM cjal-3230 664 52 ) ) PUNCT cjal-3230 664 53 . . PUNCT cjal-3230 665 1 152 152 NUM cjal-3230 665 2 even even ADV cjal-3230 665 3 assuming assume VERB cjal-3230 665 4 that that SCONJ cjal-3230 665 5 the the DET cjal-3230 665 6 government government NOUN cjal-3230 665 7 has have VERB cjal-3230 665 8 enough enough ADJ cjal-3230 665 9 evidence evidence NOUN cjal-3230 665 10 to to PART cjal-3230 665 11 conclude conclude VERB cjal-3230 665 12 that that SCONJ cjal-3230 665 13 a a DET cjal-3230 665 14 difference difference NOUN cjal-3230 665 15 between between ADP cjal-3230 665 16 pi pi NOUN cjal-3230 665 17 and and CCONJ cjal-3230 665 18 p0 p0 NOUN cjal-3230 665 19 exists exist VERB cjal-3230 665 20 , , PUNCT cjal-3230 665 21 then then ADV cjal-3230 665 22 the the DET cjal-3230 665 23 government government NOUN cjal-3230 665 24 must must AUX cjal-3230 665 25 be be AUX cjal-3230 665 26 forced force VERB cjal-3230 665 27 to to PART cjal-3230 665 28 follow follow VERB cjal-3230 665 29 a a DET cjal-3230 665 30 very very ADV cjal-3230 665 31 difficult difficult ADJ cjal-3230 665 32 , , PUNCT cjal-3230 665 33 risky risky ADJ cjal-3230 665 34 , , PUNCT cjal-3230 665 35 and and CCONJ cjal-3230 665 36 potentially potentially ADV cjal-3230 665 37 subjective subjective ADJ cjal-3230 665 38 two two NUM cjal-3230 665 39 - - PUNCT cjal-3230 665 40 pronged pronged ADJ cjal-3230 665 41 decision decision NOUN cjal-3230 665 42 matrix matrix NOUN cjal-3230 665 43 . . PUNCT cjal-3230 666 1 the the DET cjal-3230 666 2 first first ADJ cjal-3230 666 3 prong prong NOUN cjal-3230 666 4 is be AUX cjal-3230 666 5 that that SCONJ cjal-3230 666 6 the the DET cjal-3230 666 7 p1 p1 PROPN cjal-3230 666 8 to to ADP cjal-3230 666 9 p0 p0 PROPN cjal-3230 666 10 differential differential NOUN cjal-3230 666 11 constitutes constitute VERB cjal-3230 666 12 a a DET cjal-3230 666 13 so so ADV cjal-3230 666 14 - - PUNCT cjal-3230 666 15 called call VERB cjal-3230 666 16 " " PUNCT cjal-3230 666 17 bubble bubble NOUN cjal-3230 666 18 " " PUNCT cjal-3230 666 19 scenario scenario NOUN cjal-3230 666 20 rather rather ADV cjal-3230 666 21 than than ADP cjal-3230 666 22 a a DET cjal-3230 666 23 profitability profitability NOUN cjal-3230 666 24 premium premium NOUN cjal-3230 666 25 . . PUNCT cjal-3230 667 1 the the DET cjal-3230 667 2 second second ADJ cjal-3230 667 3 prong prong NOUN cjal-3230 667 4 is be AUX cjal-3230 667 5 that that SCONJ cjal-3230 667 6 , , PUNCT cjal-3230 667 7 even even ADV cjal-3230 667 8 assuming assume VERB cjal-3230 667 9 that that SCONJ cjal-3230 667 10 a a DET cjal-3230 667 11 " " PUNCT cjal-3230 667 12 bubble bubble NOUN cjal-3230 667 13 " " PUNCT cjal-3230 667 14 scenario scenario NOUN cjal-3230 667 15 does do AUX cjal-3230 667 16 exist exist VERB cjal-3230 667 17 in in ADP cjal-3230 667 18 the the DET cjal-3230 667 19 korean korean ADJ cjal-3230 667 20 housing housing NOUN cjal-3230 667 21 market market NOUN cjal-3230 667 22 , , PUNCT cjal-3230 667 23 that that SCONJ cjal-3230 667 24 such such ADJ cjal-3230 667 25 " " PUNCT cjal-3230 667 26 bubble bubble NOUN cjal-3230 667 27 " " PUNCT cjal-3230 667 28 is be AUX cjal-3230 667 29 substantial substantial ADJ cjal-3230 667 30 enough enough ADV cjal-3230 667 31 to to PART cjal-3230 667 32 warrant warrant VERB cjal-3230 667 33 extreme extreme ADJ cjal-3230 667 34 legislative legislative ADJ cjal-3230 667 35 action action NOUN cjal-3230 667 36 [ [ X cjal-3230 667 37 18:1 18:1 NUM cjal-3230 667 38 anti anti ADJ cjal-3230 667 39 - - ADJ cjal-3230 667 40 specula specula ADJ cjal-3230 667 41 tion tion NOUN cjal-3230 667 42 laws law NOUN cjal-3230 667 43 and and CCONJ cjal-3230 667 44 their their PRON cjal-3230 667 45 impa impa PROPN cjal-3230 667 46 ct ct X cjal-3230 667 47 investors"3 investors"3 PROPN cjal-3230 667 48 in in ADP cjal-3230 667 49 the the DET cjal-3230 667 50 markets market NOUN cjal-3230 667 51 play play VERB cjal-3230 667 52 by by ADP cjal-3230 667 53 the the DET cjal-3230 667 54 same same ADJ cjal-3230 667 55 rule rule NOUN cjal-3230 667 56 of of ADP cjal-3230 667 57 buy buy VERB cjal-3230 667 58 low low ADJ cjal-3230 667 59 , , PUNCT cjal-3230 667 60 sell sell VERB cjal-3230 667 61 high high ADJ cjal-3230 667 62 . . PUNCT cjal-3230 668 1 that that PRON cjal-3230 668 2 is is ADV cjal-3230 668 3 , , PUNCT cjal-3230 668 4 the the DET cjal-3230 668 5 vast vast ADJ cjal-3230 668 6 preponderance preponderance NOUN cjal-3230 668 7 of of ADP cjal-3230 668 8 investors investor NOUN cjal-3230 668 9 do do AUX cjal-3230 668 10 not not PART cjal-3230 668 11 invest invest VERB cjal-3230 668 12 their their PRON cjal-3230 668 13 resources resource NOUN cjal-3230 668 14 into into ADP cjal-3230 668 15 a a DET cjal-3230 668 16 select select ADJ cjal-3230 668 17 piece piece NOUN cjal-3230 668 18 of of ADP cjal-3230 668 19 property property NOUN cjal-3230 668 20 with with ADP cjal-3230 668 21 the the DET cjal-3230 668 22 expectation expectation NOUN cjal-3230 668 23 to to PART cjal-3230 668 24 lose lose VERB cjal-3230 668 25 invested invest VERB cjal-3230 668 26 principal principal NOUN cjal-3230 668 27 . . PUNCT cjal-3230 669 1 '54 '54 NUM cjal-3230 669 2 in in ADP cjal-3230 669 3 fact fact NOUN cjal-3230 669 4 , , PUNCT cjal-3230 669 5 the the DET cjal-3230 669 6 opposite opposite NOUN cjal-3230 669 7 should should AUX cjal-3230 669 8 hold hold VERB cjal-3230 669 9 true true ADJ cjal-3230 669 10 in in ADP cjal-3230 669 11 that that DET cjal-3230 669 12 one one NUM cjal-3230 669 13 very very ADV cjal-3230 669 14 positive positive ADJ cjal-3230 669 15 role role NOUN cjal-3230 669 16 of of ADP cjal-3230 669 17 a a DET cjal-3230 669 18 well well ADV cjal-3230 669 19 - - PUNCT cjal-3230 669 20 functioning function VERB cjal-3230 669 21 government government NOUN cjal-3230 669 22 should should AUX cjal-3230 669 23 be be AUX cjal-3230 669 24 to to PART cjal-3230 669 25 create create VERB cjal-3230 669 26 a a DET cjal-3230 669 27 lucrative lucrative ADJ cjal-3230 669 28 investment investment NOUN cjal-3230 669 29 environment environment NOUN cjal-3230 669 30 for for ADP cjal-3230 669 31 both both CCONJ cjal-3230 669 32 domestic domestic ADJ cjal-3230 669 33 and and CCONJ cjal-3230 669 34 foreign foreign ADJ cjal-3230 669 35 players player NOUN cjal-3230 669 36 within within ADP cjal-3230 669 37 a a DET cjal-3230 669 38 designated designate VERB cjal-3230 669 39 sector sector NOUN cjal-3230 669 40 . . PUNCT cjal-3230 670 1 the the DET cjal-3230 670 2 korean korean ADJ cjal-3230 670 3 government government NOUN cjal-3230 670 4 did do VERB cjal-3230 670 5 just just ADV cjal-3230 670 6 this this PRON cjal-3230 670 7 very very ADV cjal-3230 670 8 effectively effectively ADV cjal-3230 670 9 immediately immediately ADV cjal-3230 670 10 after after ADP cjal-3230 670 11 the the DET cjal-3230 670 12 1997 1997 NUM cjal-3230 670 13 imf imf PROPN cjal-3230 670 14 crisis crisis NOUN cjal-3230 670 15 . . PUNCT cjal-3230 671 1 specific specific ADJ cjal-3230 671 2 efforts effort NOUN cjal-3230 671 3 were be AUX cjal-3230 671 4 taken take VERB cjal-3230 671 5 to to PART cjal-3230 671 6 eliminate eliminate VERB cjal-3230 671 7 and/or and/or CCONJ cjal-3230 671 8 liberalize liberalize VERB cjal-3230 671 9 many many ADJ cjal-3230 671 10 constraints constraint NOUN cjal-3230 671 11 to to ADP cjal-3230 671 12 domestic domestic ADJ cjal-3230 671 13 investment investment NOUN cjal-3230 671 14 . . PUNCT cjal-3230 672 1 examples example NOUN cjal-3230 672 2 of of ADP cjal-3230 672 3 such such ADJ cjal-3230 672 4 efforts effort NOUN cjal-3230 672 5 included include VERB cjal-3230 672 6 measures measure NOUN cjal-3230 672 7 to to PART cjal-3230 672 8 stop stop VERB cjal-3230 672 9 directed directed ADJ cjal-3230 672 10 lending lending NOUN cjal-3230 672 11 , , PUNCT cjal-3230 672 12 ' ' PUNCT cjal-3230 672 13 the the DET cjal-3230 672 14 elimination elimination NOUN cjal-3230 672 15 of of ADP cjal-3230 672 16 foreign foreign ADJ cjal-3230 672 17 investment investment NOUN cjal-3230 672 18 limits limit NOUN cjal-3230 672 19 in in ADP cjal-3230 672 20 certain certain ADJ cjal-3230 672 21 industries industry NOUN cjal-3230 672 22 , , PUNCT cjal-3230 672 23 urging urge VERB cjal-3230 672 24 of of ADP cjal-3230 672 25 domestic domestic ADJ cjal-3230 672 26 banks bank NOUN cjal-3230 672 27 to to PART cjal-3230 672 28 increase increase VERB cjal-3230 672 29 lending lending NOUN cjal-3230 672 30 to to ADP cjal-3230 672 31 domestic domestic ADJ cjal-3230 672 32 consumers consumer NOUN cjal-3230 672 33 to to PART cjal-3230 672 34 help help VERB cjal-3230 672 35 spur spur VERB cjal-3230 672 36 domestic domestic ADJ cjal-3230 672 37 spending spending NOUN cjal-3230 672 38 , , PUNCT cjal-3230 672 39 and and CCONJ cjal-3230 672 40 other other ADJ cjal-3230 672 41 structural structural ADJ cjal-3230 672 42 reforms reform NOUN cjal-3230 672 43 in in ADP cjal-3230 672 44 an an DET cjal-3230 672 45 effort effort NOUN cjal-3230 672 46 to to PART cjal-3230 672 47 increase increase VERB cjal-3230 672 48 governmental governmental ADJ cjal-3230 672 49 transparency transparency NOUN cjal-3230 672 50 . . PUNCT cjal-3230 673 1 the the DET cjal-3230 673 2 bottom bottom ADJ cjal-3230 673 3 line line NOUN cjal-3230 673 4 effect effect NOUN cjal-3230 673 5 of of ADP cjal-3230 673 6 all all DET cjal-3230 673 7 these these DET cjal-3230 673 8 efforts effort NOUN cjal-3230 673 9 was be AUX cjal-3230 673 10 a a DET cjal-3230 673 11 clear clear ADJ cjal-3230 673 12 signal signal NOUN cjal-3230 673 13 to to ADP cjal-3230 673 14 the the DET cjal-3230 673 15 markets market NOUN cjal-3230 673 16 that that PRON cjal-3230 673 17 korea korea PROPN cjal-3230 673 18 had have AUX cjal-3230 673 19 rapidly rapidly ADV cjal-3230 673 20 transformed transform VERB cjal-3230 673 21 itself itself PRON cjal-3230 673 22 into into ADP cjal-3230 673 23 a a DET cjal-3230 673 24 more more ADJ cjal-3230 673 25 investor investor NOUN cjal-3230 673 26 friendly friendly ADJ cjal-3230 673 27 and and CCONJ cjal-3230 673 28 transparent transparent ADJ cjal-3230 673 29 investment investment NOUN cjal-3230 673 30 environment environment NOUN cjal-3230 673 31 . . PUNCT cjal-3230 674 1 in in ADP cjal-3230 674 2 direct direct ADJ cjal-3230 674 3 reaction reaction NOUN cjal-3230 674 4 to to ADP cjal-3230 674 5 such such ADJ cjal-3230 674 6 positive positive ADJ cjal-3230 674 7 governmental governmental ADJ cjal-3230 674 8 efforts effort NOUN cjal-3230 674 9 , , PUNCT cjal-3230 674 10 domestic domestic ADJ cjal-3230 674 11 and and CCONJ cjal-3230 674 12 foreign foreign ADJ cjal-3230 674 13 investors investor NOUN cjal-3230 674 14 began begin VERB cjal-3230 674 15 re re VERB cjal-3230 674 16 - - VERB cjal-3230 674 17 investing invest VERB cjal-3230 674 18 in in ADP cjal-3230 674 19 the the DET cjal-3230 674 20 korean korean ADJ cjal-3230 674 21 markets market NOUN cjal-3230 674 22 , , PUNCT cjal-3230 674 23 including include VERB cjal-3230 674 24 the the DET cjal-3230 674 25 korean korean ADJ cjal-3230 674 26 residential residential ADJ cjal-3230 674 27 real real ADJ cjal-3230 674 28 estate estate NOUN cjal-3230 674 29 market market NOUN cjal-3230 674 30 . . PUNCT cjal-3230 675 1 156 156 NUM cjal-3230 675 2 here here ADV cjal-3230 675 3 , , PUNCT cjal-3230 675 4 however however ADV cjal-3230 675 5 , , PUNCT cjal-3230 675 6 the the DET cjal-3230 675 7 anti anti ADJ cjal-3230 675 8 - - ADJ cjal-3230 675 9 speculation speculation ADJ cjal-3230 675 10 laws law NOUN cjal-3230 675 11 would would AUX cjal-3230 675 12 have have VERB cjal-3230 675 13 the the DET cjal-3230 675 14 opposite opposite ADJ cjal-3230 675 15 effect effect NOUN cjal-3230 675 16 than than SCONJ cjal-3230 675 17 was be AUX cjal-3230 675 18 intended intend VERB cjal-3230 675 19 . . PUNCT cjal-3230 676 1 instead instead ADV cjal-3230 676 2 of of ADP cjal-3230 676 3 sending send VERB cjal-3230 676 4 a a DET cjal-3230 676 5 clear clear ADJ cjal-3230 676 6 and and CCONJ cjal-3230 676 7 positive positive ADJ cjal-3230 676 8 message message NOUN cjal-3230 676 9 to to ADP cjal-3230 676 10 the the DET cjal-3230 676 11 markets market NOUN cjal-3230 676 12 that that PRON cjal-3230 676 13 korea korea PROPN cjal-3230 676 14 is be AUX cjal-3230 676 15 a a DET cjal-3230 676 16 strategic strategic ADJ cjal-3230 676 17 investment investment NOUN cjal-3230 676 18 environment environment NOUN cjal-3230 676 19 , , PUNCT cjal-3230 676 20 the the DET cjal-3230 676 21 anti anti ADJ cjal-3230 676 22 - - ADJ cjal-3230 676 23 speculation speculation ADJ cjal-3230 676 24 laws law NOUN cjal-3230 676 25 would would AUX cjal-3230 676 26 send send VERB cjal-3230 676 27 a a DET cjal-3230 676 28 clear clear ADJ cjal-3230 676 29 but but CCONJ cjal-3230 676 30 unsettling unsettling ADJ cjal-3230 676 31 message message NOUN cjal-3230 676 32 that that SCONJ cjal-3230 676 33 korea korea PROPN cjal-3230 676 34 is be AUX cjal-3230 676 35 no no ADV cjal-3230 676 36 longer long ADV cjal-3230 676 37 a a DET cjal-3230 676 38 strategic strategic ADJ cjal-3230 676 39 investment investment NOUN cjal-3230 676 40 environment environment NOUN cjal-3230 676 41 , , PUNCT cjal-3230 676 42 and and CCONJ cjal-3230 676 43 is be AUX cjal-3230 676 44 rapidly rapidly ADV cjal-3230 676 45 racing race VERB cjal-3230 676 46 back back ADV cjal-3230 676 47 to to ADP cjal-3230 676 48 its its PRON cjal-3230 676 49 old old ADJ cjal-3230 676 50 habits habit NOUN cjal-3230 676 51 of of ADP cjal-3230 676 52 pre-1997 pre-1997 ADJ cjal-3230 676 53 crony crony NOUN cjal-3230 676 54 capitalism capitalism NOUN cjal-3230 676 55 . . PUNCT cjal-3230 677 1 '57 '57 NUM cjal-3230 677 2 the the DET cjal-3230 677 3 net net ADJ cjal-3230 677 4 153 153 NUM cjal-3230 677 5 see see VERB cjal-3230 677 6 i i PROPN cjal-3230 677 7 d. d. PROPN cjal-3230 677 8 sharpe sharpe PROPN cjal-3230 677 9 , , PUNCT cjal-3230 677 10 alexander alexander PROPN cjal-3230 677 11 , , PUNCT cjal-3230 677 12 bailey bailey PROPN cjal-3230 677 13 , , PUNCT cjal-3230 677 14 fowler fowler PROPN cjal-3230 677 15 , , PUNCT cjal-3230 677 16 and and CCONJ cjal-3230 677 17 domain domain NOUN cjal-3230 677 18 at at ADP cjal-3230 677 19 138 138 NUM cjal-3230 677 20 - - SYM cjal-3230 677 21 140 140 NUM cjal-3230 677 22 154 154 NUM cjal-3230 677 23 with with ADP cjal-3230 677 24 the the DET cjal-3230 677 25 notable notable ADJ cjal-3230 677 26 exception exception NOUN cjal-3230 677 27 to to ADP cjal-3230 677 28 the the DET cjal-3230 677 29 general general ADJ cjal-3230 677 30 rule rule NOUN cjal-3230 677 31 being be AUX cjal-3230 677 32 those those DET cjal-3230 677 33 investors investor NOUN cjal-3230 677 34 who who PRON cjal-3230 677 35 invest invest VERB cjal-3230 677 36 to to PART cjal-3230 677 37 lose lose VERB cjal-3230 677 38 money money NOUN cjal-3230 677 39 for for ADP cjal-3230 677 40 purposes purpose NOUN cjal-3230 677 41 of of ADP cjal-3230 677 42 reducing reduce VERB cjal-3230 677 43 their their PRON cjal-3230 677 44 taxable taxable ADJ cjal-3230 677 45 income income NOUN cjal-3230 677 46 . . PUNCT cjal-3230 678 1 in in ADP cjal-3230 678 2 this this DET cjal-3230 678 3 instance instance NOUN cjal-3230 678 4 , , PUNCT cjal-3230 678 5 it it PRON cjal-3230 678 6 benefits benefit VERB cjal-3230 678 7 the the DET cjal-3230 678 8 investor investor NOUN cjal-3230 678 9 more more ADJ cjal-3230 678 10 to to PART cjal-3230 678 11 invest invest VERB cjal-3230 678 12 to to PART cjal-3230 678 13 lose lose VERB cjal-3230 678 14 than than SCONJ cjal-3230 678 15 invest invest VERB cjal-3230 678 16 to to PART cjal-3230 678 17 gain gain VERB cjal-3230 678 18 . . PUNCT cjal-3230 679 1 155 155 NUM cjal-3230 679 2 the the DET cjal-3230 679 3 term term NOUN cjal-3230 679 4 " " PUNCT cjal-3230 679 5 directed directed ADJ cjal-3230 679 6 lending lending NOUN cjal-3230 679 7 " " PUNCT cjal-3230 679 8 refers refer VERB cjal-3230 679 9 to to ADP cjal-3230 679 10 practice practice NOUN cjal-3230 679 11 of of ADP cjal-3230 679 12 government government NOUN cjal-3230 679 13 - - PUNCT cjal-3230 679 14 led lead VERB cjal-3230 679 15 financing financing NOUN cjal-3230 679 16 to to PART cjal-3230 679 17 select select VERB cjal-3230 679 18 industries industry NOUN cjal-3230 679 19 and/or and/or CCONJ cjal-3230 679 20 corporations corporation NOUN cjal-3230 679 21 . . PUNCT cjal-3230 680 1 the the DET cjal-3230 680 2 most most ADV cjal-3230 680 3 common common ADJ cjal-3230 680 4 form form NOUN cjal-3230 680 5 of of ADP cjal-3230 680 6 such such ADJ cjal-3230 680 7 " " PUNCT cjal-3230 680 8 directed directed ADJ cjal-3230 680 9 lending lending NOUN cjal-3230 680 10 " " PUNCT cjal-3230 680 11 was be AUX cjal-3230 680 12 below below ADP cjal-3230 680 13 market market NOUN cjal-3230 680 14 interest interest NOUN cjal-3230 680 15 rate rate NOUN cjal-3230 680 16 loans loan NOUN cjal-3230 680 17 to to AUX cjal-3230 680 18 designated designate VERB cjal-3230 680 19 large large ADJ cjal-3230 680 20 korean korean ADJ cjal-3230 680 21 conglomerates conglomerate NOUN cjal-3230 680 22 , , PUNCT cjal-3230 680 23 or or CCONJ cjal-3230 680 24 chaebol chaebol NOUN cjal-3230 680 25 . . PUNCT cjal-3230 681 1 156 156 NUM cjal-3230 681 2 one one NUM cjal-3230 681 3 of of ADP cjal-3230 681 4 the the DET cjal-3230 681 5 most most ADV cjal-3230 681 6 publicized publicize VERB cjal-3230 681 7 examples example NOUN cjal-3230 681 8 of of ADP cjal-3230 681 9 re re NOUN cjal-3230 681 10 - - NOUN cjal-3230 681 11 investment investment NOUN cjal-3230 681 12 back back ADV cjal-3230 681 13 into into ADP cjal-3230 681 14 the the DET cjal-3230 681 15 korean korean ADJ cjal-3230 681 16 real real ADJ cjal-3230 681 17 estate estate NOUN cjal-3230 681 18 market market NOUN cjal-3230 681 19 was be AUX cjal-3230 681 20 the the DET cjal-3230 681 21 purchase purchase NOUN cjal-3230 681 22 by by ADP cjal-3230 681 23 the the DET cjal-3230 681 24 star star PROPN cjal-3230 681 25 building building NOUN cjal-3230 681 26 , , PUNCT cjal-3230 681 27 located locate VERB cjal-3230 681 28 in in ADP cjal-3230 681 29 the the DET cjal-3230 681 30 kangnam kangnam PROPN cjal-3230 681 31 area area NOUN cjal-3230 681 32 of of ADP cjal-3230 681 33 yeoksamdong yeoksamdong PROPN cjal-3230 681 34 , , PUNCT cjal-3230 681 35 by by ADP cjal-3230 681 36 the the DET cjal-3230 681 37 texasbased texasbase VERB cjal-3230 681 38 private private ADJ cjal-3230 681 39 equity equity NOUN cjal-3230 681 40 firm firm NOUN cjal-3230 681 41 of of ADP cjal-3230 681 42 the the DET cjal-3230 681 43 lonestar lonestar PROPN cjal-3230 681 44 fund fund PROPN cjal-3230 681 45 in in ADP cjal-3230 681 46 january january PROPN cjal-3230 681 47 9 9 NUM cjal-3230 681 48 , , PUNCT cjal-3230 681 49 2002 2002 NUM cjal-3230 681 50 . . PUNCT cjal-3230 682 1 such such DET cjal-3230 682 2 a a DET cjal-3230 682 3 large large ADJ cjal-3230 682 4 - - PUNCT cjal-3230 682 5 scale scale NOUN cjal-3230 682 6 investment investment NOUN cjal-3230 682 7 of of ADP cjal-3230 682 8 korean korean ADJ cjal-3230 682 9 real real ADJ cjal-3230 682 10 estate estate NOUN cjal-3230 682 11 was be AUX cjal-3230 682 12 a a DET cjal-3230 682 13 clear clear ADJ cjal-3230 682 14 indication indication NOUN cjal-3230 682 15 that that SCONJ cjal-3230 682 16 investor investor NOUN cjal-3230 682 17 confidence confidence NOUN cjal-3230 682 18 had have AUX cjal-3230 682 19 been be AUX cjal-3230 682 20 restored restore VERB cjal-3230 682 21 regarding regard VERB cjal-3230 682 22 korean korean ADJ cjal-3230 682 23 real real ADJ cjal-3230 682 24 estate estate NOUN cjal-3230 682 25 investment investment NOUN cjal-3230 682 26 in in ADP cjal-3230 682 27 the the DET cjal-3230 682 28 post-1997 post-1997 ADJ cjal-3230 682 29 period period NOUN cjal-3230 682 30 . . PUNCT cjal-3230 683 1 157 157 NUM cjal-3230 683 2 the the DET cjal-3230 683 3 term term NOUN cjal-3230 683 4 " " PUNCT cjal-3230 683 5 crony crony NOUN cjal-3230 683 6 capitalism capitalism NOUN cjal-3230 683 7 " " PUNCT cjal-3230 683 8 refers refer VERB cjal-3230 683 9 to to ADP cjal-3230 683 10 a a DET cjal-3230 683 11 variant variant NOUN cjal-3230 683 12 of of ADP cjal-3230 683 13 capitalism capitalism NOUN cjal-3230 683 14 in in ADP cjal-3230 683 15 which which PRON cjal-3230 683 16 the the DET cjal-3230 683 17 opportunity opportunity NOUN cjal-3230 683 18 to to PART cjal-3230 683 19 open open VERB cjal-3230 683 20 or or CCONJ cjal-3230 683 21 succeed succeed VERB cjal-3230 683 22 in in ADP cjal-3230 683 23 business business NOUN cjal-3230 683 24 is be AUX cjal-3230 683 25 heavily heavily ADV cjal-3230 683 26 dependent dependent ADJ cjal-3230 683 27 on on ADP cjal-3230 683 28 one one NUM cjal-3230 683 29 's 's PART cjal-3230 683 30 connections connection NOUN cjal-3230 683 31 . . PUNCT cjal-3230 684 1 this this DET cjal-3230 684 2 results result NOUN cjal-3230 684 3 in in ADP cjal-3230 684 4 business business NOUN cjal-3230 684 5 decisions decision NOUN cjal-3230 684 6 being be AUX cjal-3230 684 7 powerfully powerfully ADV cjal-3230 684 8 influenced influence VERB cjal-3230 684 9 by by ADP cjal-3230 684 10 business business NOUN cjal-3230 684 11 friendships friendship NOUN cjal-3230 684 12 and and CCONJ cjal-3230 684 13 family family NOUN cjal-3230 684 14 ties tie NOUN cjal-3230 684 15 rather rather ADV cjal-3230 684 16 than than ADP cjal-3230 684 17 by by ADP cjal-3230 684 18 impersonal impersonal ADJ cjal-3230 684 19 market market NOUN cjal-3230 684 20 forces force NOUN cjal-3230 684 21 . . PUNCT cjal-3230 685 1 the the DET cjal-3230 685 2 term term NOUN cjal-3230 685 3 is be AUX cjal-3230 685 4 typically typically ADV cjal-3230 685 5 used use VERB cjal-3230 685 6 to to PART cjal-3230 685 7 explain explain VERB cjal-3230 685 8 why why SCONJ cjal-3230 685 9 a a DET cjal-3230 685 10 superficially superficially ADV cjal-3230 685 11 market market NOUN cjal-3230 685 12 - - PUNCT cjal-3230 685 13 based base VERB cjal-3230 685 14 system system NOUN cjal-3230 685 15 ( ( PUNCT cjal-3230 685 16 i.e. i.e. X cjal-3230 685 17 , , PUNCT cjal-3230 685 18 a a DET cjal-3230 685 19 market market NOUN cjal-3230 685 20 not not PART cjal-3230 685 21 fully fully ADV cjal-3230 685 22 driven drive VERB cjal-3230 685 23 by by ADP cjal-3230 685 24 market market NOUN cjal-3230 685 25 forces force NOUN cjal-3230 685 26 ) ) PUNCT cjal-3230 685 27 fails fail VERB cjal-3230 685 28 to to PART cjal-3230 685 29 generate generate VERB cjal-3230 685 30 economic economic ADJ cjal-3230 685 31 growth growth NOUN cjal-3230 685 32 . . PUNCT cjal-3230 686 1 the the DET cjal-3230 686 2 term term NOUN cjal-3230 686 3 has have AUX cjal-3230 686 4 been be AUX cjal-3230 686 5 used use VERB cjal-3230 686 6 to to PART cjal-3230 686 7 describe describe VERB cjal-3230 686 8 the the DET cjal-3230 686 9 economic economic ADJ cjal-3230 686 10 systems system NOUN cjal-3230 686 11 of of ADP cjal-3230 686 12 korea korea PROPN cjal-3230 686 13 , , PUNCT cjal-3230 686 14 japan japan PROPN cjal-3230 686 15 , , PUNCT cjal-3230 686 16 and and CCONJ cjal-3230 686 17 indonesia indonesia PROPN cjal-3230 686 18 . . PUNCT cjal-3230 687 1 crony crony NOUN cjal-3230 687 2 capitalism capitalism NOUN cjal-3230 687 3 also also ADV cjal-3230 687 4 often often ADV cjal-3230 687 5 describes describe VERB cjal-3230 687 6 a a DET cjal-3230 687 7 close close ADJ cjal-3230 687 8 relationship relationship NOUN cjal-3230 687 9 between between ADP cjal-3230 687 10 government government NOUN cjal-3230 687 11 and and CCONJ cjal-3230 687 12 business business NOUN cjal-3230 687 13 , , PUNCT cjal-3230 687 14 but but CCONJ cjal-3230 687 15 to to ADP cjal-3230 687 16 a a DET cjal-3230 687 17 much much ADV cjal-3230 687 18 lesser less ADJ cjal-3230 687 19 extent extent NOUN cjal-3230 687 20 . . PUNCT cjal-3230 688 1 instead instead ADV cjal-3230 688 2 of of ADP cjal-3230 688 3 the the DET cjal-3230 688 4 government government NOUN cjal-3230 688 5 directly directly ADV cjal-3230 688 6 controlling control VERB cjal-3230 688 7 businesses business NOUN cjal-3230 688 8 , , PUNCT cjal-3230 688 9 the the DET cjal-3230 688 10 government government NOUN cjal-3230 688 11 2004 2004 NUM cjal-3230 688 12 ] ] PUNCT cjal-3230 688 13 columbia columbia PROPN cjal-3230 688 14 journal journal PROPN cjal-3230 688 15 of of ADP cjal-3230 688 16 asian asian ADJ cjal-3230 688 17 law law NOUN cjal-3230 688 18 effect effect NOUN cjal-3230 688 19 of of ADP cjal-3230 688 20 even even ADV cjal-3230 688 21 the the DET cjal-3230 688 22 mere mere ADJ cjal-3230 688 23 perception perception NOUN cjal-3230 688 24 of of ADP cjal-3230 688 25 such such DET cjal-3230 688 26 a a DET cjal-3230 688 27 return return NOUN cjal-3230 688 28 back back ADV cjal-3230 688 29 to to ADP cjal-3230 688 30 crony crony NOUN cjal-3230 688 31 capitalism capitalism NOUN cjal-3230 688 32 , , PUNCT cjal-3230 688 33 even even ADV cjal-3230 688 34 if if SCONJ cjal-3230 688 35 untrue untrue ADJ cjal-3230 688 36 , , PUNCT cjal-3230 688 37 will will AUX cjal-3230 688 38 be be AUX cjal-3230 688 39 an an DET cjal-3230 688 40 immediate immediate ADJ cjal-3230 688 41 and and CCONJ cjal-3230 688 42 potentially potentially ADV cjal-3230 688 43 drastic drastic ADJ cjal-3230 688 44 net net ADJ cjal-3230 688 45 outflow outflow NOUN cjal-3230 688 46 offshore offshore ADV cjal-3230 688 47 . . PUNCT cjal-3230 689 1 in in ADP cjal-3230 689 2 this this DET cjal-3230 689 3 event event NOUN cjal-3230 689 4 , , PUNCT cjal-3230 689 5 capital capital NOUN cjal-3230 689 6 would would AUX cjal-3230 689 7 flow flow VERB cjal-3230 689 8 out out ADP cjal-3230 689 9 of of ADP cjal-3230 689 10 the the DET cjal-3230 689 11 korean korean ADJ cjal-3230 689 12 real real ADJ cjal-3230 689 13 estate estate NOUN cjal-3230 689 14 markets market NOUN cjal-3230 689 15 to to ADP cjal-3230 689 16 other other ADJ cjal-3230 689 17 domestic domestic ADJ cjal-3230 689 18 onshore onshore NOUN cjal-3230 689 19 markets market NOUN cjal-3230 689 20 . . PUNCT cjal-3230 690 1 but but CCONJ cjal-3230 690 2 perhaps perhaps ADV cjal-3230 690 3 much much ADV cjal-3230 690 4 more more ADJ cjal-3230 690 5 of of ADP cjal-3230 690 6 a a DET cjal-3230 690 7 risk risk NOUN cjal-3230 690 8 from from ADP cjal-3230 690 9 the the DET cjal-3230 690 10 korean korean ADJ cjal-3230 690 11 government government NOUN cjal-3230 690 12 's 's PART cjal-3230 690 13 perspective perspective NOUN cjal-3230 690 14 would would AUX cjal-3230 690 15 be be AUX cjal-3230 690 16 capital capital NOUN cjal-3230 690 17 outflow outflow NOUN cjal-3230 690 18 to to ADP cjal-3230 690 19 non non ADJ cjal-3230 690 20 - - ADJ cjal-3230 690 21 domestic domestic ADJ cjal-3230 690 22 offshore offshore ADJ cjal-3230 690 23 markets market NOUN cjal-3230 690 24 . . PUNCT cjal-3230 691 1 the the DET cjal-3230 691 2 second second ADJ cjal-3230 691 3 broad broad ADJ cjal-3230 691 4 risk risk NOUN cjal-3230 691 5 is be AUX cjal-3230 691 6 that that SCONJ cjal-3230 691 7 the the DET cjal-3230 691 8 anti anti ADJ cjal-3230 691 9 - - ADJ cjal-3230 691 10 speculation speculation ADJ cjal-3230 691 11 laws law NOUN cjal-3230 691 12 would would AUX cjal-3230 691 13 send send VERB cjal-3230 691 14 a a DET cjal-3230 691 15 dangerous dangerous ADJ cjal-3230 691 16 signal signal NOUN cjal-3230 691 17 to to ADP cjal-3230 691 18 the the DET cjal-3230 691 19 markets market NOUN cjal-3230 691 20 that that PRON cjal-3230 691 21 the the DET cjal-3230 691 22 korean korean ADJ cjal-3230 691 23 government government NOUN cjal-3230 691 24 was be AUX cjal-3230 691 25 in in ADP cjal-3230 691 26 the the DET cjal-3230 691 27 business business NOUN cjal-3230 691 28 of of ADP cjal-3230 691 29 acting act VERB cjal-3230 691 30 as as ADP cjal-3230 691 31 a a DET cjal-3230 691 32 constant constant ADJ cjal-3230 691 33 market market NOUN cjal-3230 691 34 surveyor surveyor NOUN cjal-3230 691 35 ready ready ADJ cjal-3230 691 36 to to PART cjal-3230 691 37 strike strike VERB cjal-3230 691 38 at at ADP cjal-3230 691 39 any any DET cjal-3230 691 40 given give VERB cjal-3230 691 41 moment moment NOUN cjal-3230 691 42 when when SCONJ cjal-3230 691 43 it it PRON cjal-3230 691 44 perceives perceive VERB cjal-3230 691 45 that that PRON cjal-3230 691 46 designated designate VERB cjal-3230 691 47 price price NOUN cjal-3230 691 48 levels level NOUN cjal-3230 691 49 have have AUX cjal-3230 691 50 somehow somehow ADV cjal-3230 691 51 crossed cross VERB cjal-3230 691 52 the the DET cjal-3230 691 53 fine fine ADJ cjal-3230 691 54 line line NOUN cjal-3230 691 55 from from ADP cjal-3230 691 56 equity equity NOUN cjal-3230 691 57 appreciation appreciation NOUN cjal-3230 691 58 to to PART cjal-3230 691 59 " " PUNCT cjal-3230 691 60 bubble bubble NOUN cjal-3230 691 61 " " PUNCT cjal-3230 691 62 levels level NOUN cjal-3230 691 63 warranting warrant VERB cjal-3230 691 64 instant instant ADJ cjal-3230 691 65 market market NOUN cjal-3230 691 66 price price NOUN cjal-3230 691 67 deflation deflation NOUN cjal-3230 691 68 . . PUNCT cjal-3230 692 1 58 58 NUM cjal-3230 692 2 investors investor NOUN cjal-3230 692 3 enter enter VERB cjal-3230 692 4 into into ADP cjal-3230 692 5 every every DET cjal-3230 692 6 transaction transaction NOUN cjal-3230 692 7 on on ADP cjal-3230 692 8 the the DET cjal-3230 692 9 basis basis NOUN cjal-3230 692 10 of of ADP cjal-3230 692 11 caveat caveat ADJ cjal-3230 692 12 emptor emptor NOUN cjal-3230 692 13 . . PUNCT cjal-3230 693 1 but but CCONJ cjal-3230 693 2 if if SCONJ cjal-3230 693 3 the the DET cjal-3230 693 4 government government NOUN cjal-3230 693 5 sends send VERB cjal-3230 693 6 out out ADP cjal-3230 693 7 signals signal NOUN cjal-3230 693 8 that that SCONJ cjal-3230 693 9 it it PRON cjal-3230 693 10 is be AUX cjal-3230 693 11 in in ADP cjal-3230 693 12 the the DET cjal-3230 693 13 business business NOUN cjal-3230 693 14 of of ADP cjal-3230 693 15 acting act VERB cjal-3230 693 16 as as ADP cjal-3230 693 17 market market NOUN cjal-3230 693 18 commentatorholding commentatorholde VERB cjal-3230 693 19 up up ADP cjal-3230 693 20 red red ADJ cjal-3230 693 21 , , PUNCT cjal-3230 693 22 yellow yellow ADJ cjal-3230 693 23 , , PUNCT cjal-3230 693 24 and and CCONJ cjal-3230 693 25 green green ADJ cjal-3230 693 26 lights light NOUN cjal-3230 693 27 as as ADP cjal-3230 693 28 signals signal NOUN cjal-3230 693 29 as as ADP cjal-3230 693 30 to to PART cjal-3230 693 31 if if SCONJ cjal-3230 693 32 , , PUNCT cjal-3230 693 33 when when SCONJ cjal-3230 693 34 , , PUNCT cjal-3230 693 35 and and CCONJ cjal-3230 693 36 how how SCONJ cjal-3230 693 37 its its PRON cjal-3230 693 38 populace populace NOUN cjal-3230 693 39 should should AUX cjal-3230 693 40 invest invest VERB cjal-3230 693 41 - - PUNCT cjal-3230 693 42 then then ADV cjal-3230 693 43 the the DET cjal-3230 693 44 country country NOUN cjal-3230 693 45 's 's PART cjal-3230 693 46 public public ADJ cjal-3230 693 47 policy policy NOUN cjal-3230 693 48 is be AUX cjal-3230 693 49 to to PART cjal-3230 693 50 create create VERB cjal-3230 693 51 a a DET cjal-3230 693 52 nation nation NOUN cjal-3230 693 53 dependent dependent ADJ cjal-3230 693 54 on on ADP cjal-3230 693 55 the the DET cjal-3230 693 56 government government NOUN cjal-3230 693 57 , , PUNCT cjal-3230 693 58 rather rather ADV cjal-3230 693 59 than than ADP cjal-3230 693 60 the the DET cjal-3230 693 61 relevant relevant ADJ cjal-3230 693 62 individuals individual NOUN cjal-3230 693 63 themselves themselves PRON cjal-3230 693 64 or or CCONJ cjal-3230 693 65 other other ADJ cjal-3230 693 66 qualified qualified ADJ cjal-3230 693 67 investment investment NOUN cjal-3230 693 68 advisors advisor NOUN cjal-3230 693 69 trained train VERB cjal-3230 693 70 to to PART cjal-3230 693 71 give give VERB cjal-3230 693 72 investment investment NOUN cjal-3230 693 73 advice advice NOUN cjal-3230 693 74 , , PUNCT cjal-3230 693 75 to to PART cjal-3230 693 76 make make VERB cjal-3230 693 77 individual individual ADJ cjal-3230 693 78 investment investment NOUN cjal-3230 693 79 decisions decision NOUN cjal-3230 693 80 on on ADP cjal-3230 693 81 an an DET cjal-3230 693 82 independent independent ADJ cjal-3230 693 83 basis basis NOUN cjal-3230 693 84 . . PUNCT cjal-3230 694 1 related related ADJ cjal-3230 694 2 risks risk NOUN cjal-3230 694 3 exist exist VERB cjal-3230 694 4 as as ADV cjal-3230 694 5 well well ADV cjal-3230 694 6 , , PUNCT cjal-3230 694 7 which which PRON cjal-3230 694 8 include include VERB cjal-3230 694 9 inaccuracies inaccuracy NOUN cjal-3230 694 10 of of ADP cjal-3230 694 11 information information NOUN cjal-3230 694 12 , , PUNCT cjal-3230 694 13 lags lag VERB cjal-3230 694 14 in in ADP cjal-3230 694 15 receiving receive VERB cjal-3230 694 16 information information NOUN cjal-3230 694 17 , , PUNCT cjal-3230 694 18 and and CCONJ cjal-3230 694 19 lack lack NOUN cjal-3230 694 20 of of ADP cjal-3230 694 21 needed needed ADJ cjal-3230 694 22 information information NOUN cjal-3230 694 23 . . PUNCT cjal-3230 695 1 159 159 NUM cjal-3230 695 2 in in ADP cjal-3230 695 3 short short ADJ cjal-3230 695 4 , , PUNCT cjal-3230 695 5 the the DET cjal-3230 695 6 public public ADJ cjal-3230 695 7 policy policy NOUN cjal-3230 695 8 message message NOUN cjal-3230 695 9 that that PRON cjal-3230 695 10 the the DET cjal-3230 695 11 antispeculation antispeculation NOUN cjal-3230 695 12 laws law NOUN cjal-3230 695 13 gives give VERB cjal-3230 695 14 is be AUX cjal-3230 695 15 that that SCONJ cjal-3230 695 16 individual individual ADJ cjal-3230 695 17 investors investor NOUN cjal-3230 695 18 need need AUX cjal-3230 695 19 not not PART cjal-3230 695 20 evaluate evaluate VERB cjal-3230 695 21 relevant relevant ADJ cjal-3230 695 22 investment investment NOUN cjal-3230 695 23 risks risk NOUN cjal-3230 695 24 because because SCONJ cjal-3230 695 25 the the DET cjal-3230 695 26 government government NOUN cjal-3230 695 27 will will AUX cjal-3230 695 28 do do VERB cjal-3230 695 29 the the DET cjal-3230 695 30 analysis analysis NOUN cjal-3230 695 31 for for ADP cjal-3230 695 32 them they PRON cjal-3230 695 33 . . PUNCT cjal-3230 696 1 the the DET cjal-3230 696 2 united united PROPN cjal-3230 696 3 states states PROPN cjal-3230 696 4 government government NOUN cjal-3230 696 5 , , PUNCT cjal-3230 696 6 with with ADP cjal-3230 696 7 rare rare ADJ cjal-3230 696 8 exception exception NOUN cjal-3230 696 9 , , PUNCT cjal-3230 696 10 ' ' PUNCT cjal-3230 696 11 ° ° PRON cjal-3230 696 12 purposely purposely ADV cjal-3230 696 13 gives give VERB cjal-3230 696 14 legislative legislative ADJ cjal-3230 696 15 favors favor NOUN cjal-3230 696 16 to to ADP cjal-3230 696 17 certain certain ADJ cjal-3230 696 18 businesses business NOUN cjal-3230 696 19 ease ease NOUN cjal-3230 696 20 of of ADP cjal-3230 696 21 permits permit NOUN cjal-3230 696 22 , , PUNCT cjal-3230 696 23 government government NOUN cjal-3230 696 24 grants grant NOUN cjal-3230 696 25 , , PUNCT cjal-3230 696 26 and and CCONJ cjal-3230 696 27 specially specially ADV cjal-3230 696 28 created create VERB cjal-3230 696 29 tax tax NOUN cjal-3230 696 30 benefits benefit NOUN cjal-3230 696 31 . . PUNCT cjal-3230 697 1 see see VERB cjal-3230 697 2 david david PROPN cjal-3230 697 3 . . PUNCT cjal-3230 698 1 c. c. PROPN cjal-3230 698 2 kang kang PROPN cjal-3230 698 3 , , PUNCT cjal-3230 698 4 crony crony NOUN cjal-3230 698 5 capitalism capitalism NOUN cjal-3230 698 6 corruption corruption NOUN cjal-3230 698 7 and and CCONJ cjal-3230 698 8 development development NOUN cjal-3230 698 9 in in ADP cjal-3230 698 10 south south ADJ cjal-3230 698 11 korean korean ADJ cjal-3230 698 12 and and CCONJ cjal-3230 698 13 the the DET cjal-3230 698 14 philippines philippine NOUN cjal-3230 698 15 , , PUNCT cjal-3230 698 16 51 51 NUM cjal-3230 698 17 - - SYM cjal-3230 698 18 53 53 NUM cjal-3230 698 19 ( ( PUNCT cjal-3230 698 20 cambridge cambridge PROPN cjal-3230 698 21 university university PROPN cjal-3230 698 22 press press NOUN cjal-3230 698 23 , , PUNCT cjal-3230 698 24 2002 2002 NUM cjal-3230 698 25 ) ) PUNCT cjal-3230 698 26 see see VERB cjal-3230 698 27 also also ADV cjal-3230 698 28 myung myung PROPN cjal-3230 698 29 - - PUNCT cjal-3230 698 30 hun hun PROPN cjal-3230 698 31 kang kang PROPN cjal-3230 698 32 . . PROPN cjal-3230 699 1 4 4 NUM cjal-3230 699 2 t t NOUN cjal-3230 699 3 i i PRON cjal-3230 699 4 ! ! PUNCT cjal-3230 700 1 l l PROPN cjal-3230 701 1 f f X cjal-3230 701 2 --7d --7d PROPN cjal-3230 701 3 the the DET cjal-3230 701 4 korean korean ADJ cjal-3230 701 5 business business NOUN cjal-3230 701 6 conglomerate conglomerate NOUN cjal-3230 701 7 : : PUNCT cjal-3230 701 8 chaebol chaebol NOUN cjal-3230 701 9 then then ADV cjal-3230 701 10 and and CCONJ cjal-3230 701 11 now now ADV cjal-3230 701 12 , , PUNCT cjal-3230 701 13 172 172 NUM cjal-3230 701 14 - - SYM cjal-3230 701 15 176 176 NUM cjal-3230 701 16 ( ( PUNCT cjal-3230 701 17 nanam nanam NOUN cjal-3230 701 18 , , PUNCT cjal-3230 701 19 1996 1996 NUM cjal-3230 701 20 ) ) PUNCT cjal-3230 701 21 see see VERB cjal-3230 701 22 eiteman eiteman NOUN cjal-3230 701 23 , , PUNCT cjal-3230 701 24 stonehill stonehill NOUN cjal-3230 701 25 , , PUNCT cjal-3230 701 26 and and CCONJ cjal-3230 701 27 moffett moffett PROPN cjal-3230 701 28 at at ADP cjal-3230 701 29 43 43 NUM cjal-3230 701 30 . . PUNCT cjal-3230 702 1 158 158 NUM cjal-3230 703 1 the the DET cjal-3230 703 2 main main ADJ cjal-3230 703 3 problem problem NOUN cjal-3230 703 4 in in ADP cjal-3230 703 5 this this DET cjal-3230 703 6 scenario scenario NOUN cjal-3230 703 7 is be AUX cjal-3230 703 8 that that SCONJ cjal-3230 703 9 such such ADJ cjal-3230 703 10 instant instant ADJ cjal-3230 703 11 price price NOUN cjal-3230 703 12 deflation deflation NOUN cjal-3230 703 13 towards towards ADP cjal-3230 703 14 a a DET cjal-3230 703 15 certain certain ADJ cjal-3230 703 16 designated designate VERB cjal-3230 703 17 level level NOUN cjal-3230 703 18 would would AUX cjal-3230 703 19 be be AUX cjal-3230 703 20 chosen choose VERB cjal-3230 703 21 not not PART cjal-3230 703 22 by by ADP cjal-3230 703 23 the the DET cjal-3230 703 24 markets market NOUN cjal-3230 703 25 , , PUNCT cjal-3230 703 26 as as ADP cjal-3230 703 27 in in ADP cjal-3230 703 28 most most ADJ cjal-3230 703 29 developed develop VERB cjal-3230 703 30 nations nation NOUN cjal-3230 703 31 , , PUNCT cjal-3230 703 32 but but CCONJ cjal-3230 703 33 by by ADP cjal-3230 703 34 government government NOUN cjal-3230 703 35 officials official NOUN cjal-3230 703 36 . . PUNCT cjal-3230 704 1 159 159 NUM cjal-3230 704 2 one one NUM cjal-3230 704 3 of of ADP cjal-3230 704 4 the the DET cjal-3230 704 5 well well ADV cjal-3230 704 6 - - PUNCT cjal-3230 704 7 known know VERB cjal-3230 704 8 examples example NOUN cjal-3230 704 9 on on ADP cjal-3230 704 10 incomplete incomplete ADJ cjal-3230 704 11 information information NOUN cjal-3230 704 12 is be AUX cjal-3230 704 13 " " PUNCT cjal-3230 704 14 the the DET cjal-3230 704 15 parable parable ADJ cjal-3230 704 16 of of ADP cjal-3230 704 17 separate separate ADJ cjal-3230 704 18 islands island NOUN cjal-3230 704 19 . . PUNCT cjal-3230 704 20 " " PUNCT cjal-3230 705 1 this this DET cjal-3230 705 2 concept concept NOUN cjal-3230 705 3 was be AUX cjal-3230 705 4 first first ADV cjal-3230 705 5 introduced introduce VERB cjal-3230 705 6 by by ADP cjal-3230 705 7 edmund edmund PROPN cjal-3230 705 8 s. s. PROPN cjal-3230 705 9 phelps phelps PROPN cjal-3230 705 10 in in ADP cjal-3230 705 11 , , PUNCT cjal-3230 705 12 the the DET cjal-3230 705 13 microeconomic microeconomic ADJ cjal-3230 705 14 foundations foundation NOUN cjal-3230 705 15 of of ADP cjal-3230 705 16 employment employment NOUN cjal-3230 705 17 and and CCONJ cjal-3230 705 18 inflation inflation NOUN cjal-3230 705 19 ( ( PUNCT cjal-3230 705 20 new new PROPN cjal-3230 705 21 york york PROPN cjal-3230 705 22 : : PUNCT cjal-3230 705 23 w.w w.w PROPN cjal-3230 705 24 . . PROPN cjal-3230 705 25 norton norton PROPN cjal-3230 705 26 , , PUNCT cjal-3230 705 27 1970 1970 NUM cjal-3230 705 28 ) ) PUNCT cjal-3230 705 29 . . PUNCT cjal-3230 706 1 robert robert PROPN cjal-3230 706 2 lucas lucas PROPN cjal-3230 706 3 used use VERB cjal-3230 706 4 this this DET cjal-3230 706 5 parable parable ADJ cjal-3230 706 6 to to PART cjal-3230 706 7 explain explain VERB cjal-3230 706 8 the the DET cjal-3230 706 9 concept concept NOUN cjal-3230 706 10 of of ADP cjal-3230 706 11 incomplete incomplete ADJ cjal-3230 706 12 information information NOUN cjal-3230 706 13 . . PUNCT cjal-3230 707 1 in in ADP cjal-3230 707 2 his his PRON cjal-3230 707 3 explanation explanation NOUN cjal-3230 707 4 lucas lucas NOUN cjal-3230 707 5 made make VERB cjal-3230 707 6 up up ADP cjal-3230 707 7 the the DET cjal-3230 707 8 economy economy NOUN cjal-3230 707 9 with with ADP cjal-3230 707 10 one one NUM cjal-3230 707 11 single single ADJ cjal-3230 707 12 business business NOUN cjal-3230 707 13 unit unit NOUN cjal-3230 707 14 based base VERB cjal-3230 707 15 in in ADP cjal-3230 707 16 a a DET cjal-3230 707 17 separate separate ADJ cjal-3230 707 18 island island NOUN cjal-3230 707 19 , , PUNCT cjal-3230 707 20 such such ADJ cjal-3230 707 21 as as ADP cjal-3230 707 22 no no DET cjal-3230 707 23 one one NOUN cjal-3230 707 24 knows know VERB cjal-3230 707 25 what what PRON cjal-3230 707 26 happens happen VERB cjal-3230 707 27 on on ADP cjal-3230 707 28 other other ADJ cjal-3230 707 29 separate separate ADJ cjal-3230 707 30 islands island NOUN cjal-3230 707 31 . . PUNCT cjal-3230 708 1 with with ADP cjal-3230 708 2 this this DET cjal-3230 708 3 lack lack NOUN cjal-3230 708 4 of of ADP cjal-3230 708 5 information information NOUN cjal-3230 708 6 , , PUNCT cjal-3230 708 7 the the DET cjal-3230 708 8 investor investor NOUN cjal-3230 708 9 based base VERB cjal-3230 708 10 in in ADP cjal-3230 708 11 the the DET cjal-3230 708 12 separate separate ADJ cjal-3230 708 13 island island NOUN cjal-3230 708 14 can can AUX cjal-3230 708 15 make make VERB cjal-3230 708 16 incorrect incorrect ADJ cjal-3230 708 17 investment investment NOUN cjal-3230 708 18 decisions decision NOUN cjal-3230 708 19 . . PUNCT cjal-3230 709 1 therefore therefore ADV cjal-3230 709 2 , , PUNCT cjal-3230 709 3 incomplete incomplete ADJ cjal-3230 709 4 information information NOUN cjal-3230 709 5 may may AUX cjal-3230 709 6 increase increase VERB cjal-3230 709 7 the the DET cjal-3230 709 8 risk risk NOUN cjal-3230 709 9 much much ADV cjal-3230 709 10 more more ADJ cjal-3230 709 11 than than SCONJ cjal-3230 709 12 expected expect VERB cjal-3230 709 13 . . PUNCT cjal-3230 710 1 see see VERB cjal-3230 710 2 martin martin PROPN cjal-3230 710 3 neil neil PROPN cjal-3230 710 4 baily baily PROPN cjal-3230 710 5 and and CCONJ cjal-3230 710 6 philip philip PROPN cjal-3230 710 7 friedman friedman PROPN cjal-3230 710 8 macroeconomics macroeconomic NOUN cjal-3230 710 9 , , PUNCT cjal-3230 710 10 financial financial ADJ cjal-3230 710 11 markets market NOUN cjal-3230 710 12 , , PUNCT cjal-3230 710 13 and and CCONJ cjal-3230 710 14 the the DET cjal-3230 710 15 international international ADJ cjal-3230 710 16 sector sector NOUN cjal-3230 710 17 468 468 NUM cjal-3230 710 18 ( ( PUNCT cjal-3230 710 19 richard richard PROPN cjal-3230 710 20 d. d. PROPN cjal-3230 710 21 irwin irwin PROPN cjal-3230 710 22 , , PUNCT cjal-3230 710 23 inc inc PROPN cjal-3230 710 24 . . PROPN cjal-3230 710 25 ,2nd ,2nd PUNCT cjal-3230 711 1 ed ed NOUN cjal-3230 711 2 . . PROPN cjal-3230 711 3 , , PUNCT cjal-3230 711 4 1995 1995 NUM cjal-3230 711 5 ) ) PUNCT cjal-3230 711 6 160 160 NUM cjal-3230 711 7 one one NUM cjal-3230 711 8 example example NOUN cjal-3230 711 9 of of ADP cjal-3230 711 10 such such DET cjal-3230 711 11 a a DET cjal-3230 711 12 rare rare ADJ cjal-3230 711 13 exception exception NOUN cjal-3230 711 14 occurred occur VERB cjal-3230 711 15 in in ADP cjal-3230 711 16 the the DET cjal-3230 711 17 late late ADJ cjal-3230 711 18 1980s 1980 NOUN cjal-3230 711 19 with with ADP cjal-3230 711 20 the the DET cjal-3230 711 21 savings saving NOUN cjal-3230 711 22 and and CCONJ cjal-3230 711 23 loan loan NOUN cjal-3230 711 24 ( ( PUNCT cjal-3230 711 25 s&l s&l PROPN cjal-3230 711 26 ) ) PUNCT cjal-3230 711 27 crisis crisis NOUN cjal-3230 711 28 . . PUNCT cjal-3230 712 1 here here ADV cjal-3230 712 2 , , PUNCT cjal-3230 712 3 the the DET cjal-3230 712 4 u.s u.s PROPN cjal-3230 712 5 . . PROPN cjal-3230 712 6 government government NOUN cjal-3230 712 7 created create VERB cjal-3230 712 8 the the DET cjal-3230 712 9 resolution resolution NOUN cjal-3230 712 10 trust trust NOUN cjal-3230 712 11 corporation corporation NOUN cjal-3230 712 12 ( ( PUNCT cjal-3230 712 13 rtc rtc PROPN cjal-3230 712 14 ) ) PUNCT cjal-3230 712 15 as as ADP cjal-3230 712 16 a a DET cjal-3230 712 17 mechanism mechanism NOUN cjal-3230 712 18 [ [ X cjal-3230 712 19 18:1 18:1 NUM cjal-3230 712 20 anti anti ADJ cjal-3230 712 21 - - ADJ cjal-3230 712 22 specula specula ADJ cjal-3230 712 23 tion tion NOUN cjal-3230 712 24 laws law NOUN cjal-3230 712 25 and and CCONJ cjal-3230 712 26 their their PRON cjal-3230 712 27 impa impa PROPN cjal-3230 712 28 ct ct PROPN cjal-3230 712 29 chooses choose VERB cjal-3230 712 30 not not PART cjal-3230 712 31 to to PART cjal-3230 712 32 send send VERB cjal-3230 712 33 out out ADP cjal-3230 712 34 such such ADJ cjal-3230 712 35 clear clear ADJ cjal-3230 712 36 market market NOUN cjal-3230 712 37 signals signal NOUN cjal-3230 712 38 that that PRON cjal-3230 712 39 would would AUX cjal-3230 712 40 have have VERB cjal-3230 712 41 the the DET cjal-3230 712 42 net net ADJ cjal-3230 712 43 effect effect NOUN cjal-3230 712 44 of of ADP cjal-3230 712 45 explicit explicit ADJ cjal-3230 712 46 guidance guidance NOUN cjal-3230 712 47 relating relate VERB cjal-3230 712 48 to to ADP cjal-3230 712 49 personal personal ADJ cjal-3230 712 50 investment investment NOUN cjal-3230 712 51 decisions decision NOUN cjal-3230 712 52 . . PUNCT cjal-3230 713 1 for for ADP cjal-3230 713 2 example example NOUN cjal-3230 713 3 , , PUNCT cjal-3230 713 4 alan alan PROPN cjal-3230 713 5 greenspan greenspan PROPN cjal-3230 713 6 , , PUNCT cjal-3230 713 7 current current ADJ cjal-3230 713 8 head head NOUN cjal-3230 713 9 of of ADP cjal-3230 713 10 the the DET cjal-3230 713 11 u.s u.s PROPN cjal-3230 713 12 . . PROPN cjal-3230 713 13 federal federal PROPN cjal-3230 713 14 reserve reserve PROPN cjal-3230 713 15 board board PROPN cjal-3230 713 16 , , PUNCT cjal-3230 713 17 elected elect VERB cjal-3230 713 18 not not PART cjal-3230 713 19 to to PART cjal-3230 713 20 implement implement VERB cjal-3230 713 21 monetary monetary ADJ cjal-3230 713 22 policy policy NOUN cjal-3230 713 23 ( ( PUNCT cjal-3230 713 24 i.e. i.e. X cjal-3230 713 25 , , PUNCT cjal-3230 713 26 to to PART cjal-3230 713 27 raise raise VERB cjal-3230 713 28 real real ADJ cjal-3230 713 29 interest interest NOUN cjal-3230 713 30 rates rate NOUN cjal-3230 713 31 ) ) PUNCT cjal-3230 713 32 in in ADP cjal-3230 713 33 an an DET cjal-3230 713 34 effort effort NOUN cjal-3230 713 35 to to PART cjal-3230 713 36 burst burst VERB cjal-3230 713 37 the the DET cjal-3230 713 38 apparent apparent ADJ cjal-3230 713 39 equities equity NOUN cjal-3230 713 40 bubble bubble NOUN cjal-3230 713 41 of of ADP cjal-3230 713 42 the the DET cjal-3230 713 43 late late ADJ cjal-3230 713 44 1990s 1990 NOUN cjal-3230 713 45 . . PUNCT cjal-3230 714 1 instead instead ADV cjal-3230 714 2 , , PUNCT cjal-3230 714 3 greenspan greenspan PROPN cjal-3230 714 4 opted opt VERB cjal-3230 714 5 to to PART cjal-3230 714 6 focus focus VERB cjal-3230 714 7 fed fed PROPN cjal-3230 714 8 policy policy NOUN cjal-3230 714 9 towards towards ADP cjal-3230 714 10 the the DET cjal-3230 714 11 bubble bubble NOUN cjal-3230 714 12 's 's PART cjal-3230 714 13 " " PUNCT cjal-3230 714 14 consequences consequence NOUN cjal-3230 714 15 " " PUNCT cjal-3230 714 16 rather rather ADV cjal-3230 714 17 than than ADP cjal-3230 714 18 the the DET cjal-3230 714 19 bubble bubble NOUN cjal-3230 714 20 itself itself PRON cjal-3230 714 21 . . PUNCT cjal-3230 715 1 161 161 NUM cjal-3230 715 2 this this DET cjal-3230 715 3 type type NOUN cjal-3230 715 4 of of ADP cjal-3230 715 5 noninterventionist noninterventionist NOUN cjal-3230 715 6 policy policy NOUN cjal-3230 715 7 relating relate VERB cjal-3230 715 8 to to ADP cjal-3230 715 9 bubble bubble NOUN cjal-3230 715 10 bursting bursting NOUN cjal-3230 715 11 helped help VERB cjal-3230 715 12 to to PART cjal-3230 715 13 fuel fuel VERB cjal-3230 715 14 the the DET cjal-3230 715 15 largest large ADJ cjal-3230 715 16 post post ADJ cjal-3230 715 17 - - ADJ cjal-3230 715 18 war war ADJ cjal-3230 715 19 economic economic ADJ cjal-3230 715 20 expansion expansion NOUN cjal-3230 715 21 in in ADP cjal-3230 715 22 u.s u.s PROPN cjal-3230 715 23 . . PROPN cjal-3230 715 24 history history NOUN cjal-3230 715 25 and and CCONJ cjal-3230 715 26 created create VERB cjal-3230 715 27 unprecedented unprecedented ADJ cjal-3230 715 28 wealth wealth NOUN cjal-3230 715 29 creation creation NOUN cjal-3230 715 30 for for ADP cjal-3230 715 31 millions million NOUN cjal-3230 715 32 of of ADP cjal-3230 715 33 americans americans PROPN cjal-3230 715 34 . . PUNCT cjal-3230 716 1 '62 '62 NUM cjal-3230 716 2 and and CCONJ cjal-3230 716 3 from from ADP cjal-3230 716 4 a a DET cjal-3230 716 5 broad broad ADJ cjal-3230 716 6 policy policy NOUN cjal-3230 716 7 standpoint standpoint NOUN cjal-3230 716 8 , , PUNCT cjal-3230 716 9 the the DET cjal-3230 716 10 fed fed PROPN cjal-3230 716 11 's 's PART cjal-3230 716 12 policy policy NOUN cjal-3230 716 13 instilled instilled ADJ cjal-3230 716 14 confidence confidence NOUN cjal-3230 716 15 that that SCONJ cjal-3230 716 16 the the DET cjal-3230 716 17 markets market NOUN cjal-3230 716 18 , , PUNCT cjal-3230 716 19 not not PART cjal-3230 716 20 the the DET cjal-3230 716 21 u.s u.s PROPN cjal-3230 716 22 . . PROPN cjal-3230 716 23 government government NOUN cjal-3230 716 24 , , PUNCT cjal-3230 716 25 would would AUX cjal-3230 716 26 dictate dictate VERB cjal-3230 716 27 prices price NOUN cjal-3230 716 28 in in ADP cjal-3230 716 29 the the DET cjal-3230 716 30 short short ADJ cjal-3230 716 31 and and CCONJ cjal-3230 716 32 long long ADJ cjal-3230 716 33 run run NOUN cjal-3230 716 34 . . PUNCT cjal-3230 717 1 the the DET cjal-3230 717 2 japanese japanese ADJ cjal-3230 717 3 government government NOUN cjal-3230 717 4 however however ADV cjal-3230 717 5 does do AUX cjal-3230 717 6 maintain maintain VERB cjal-3230 717 7 such such DET cjal-3230 717 8 a a DET cjal-3230 717 9 practice practice NOUN cjal-3230 717 10 from from ADP cjal-3230 717 11 time time NOUN cjal-3230 717 12 to to ADP cjal-3230 717 13 time time NOUN cjal-3230 717 14 . . PUNCT cjal-3230 718 1 however however ADV cjal-3230 718 2 , , PUNCT cjal-3230 718 3 one one NUM cjal-3230 718 4 clear clear ADJ cjal-3230 718 5 outcome outcome NOUN cjal-3230 718 6 of of ADP cjal-3230 718 7 this this DET cjal-3230 718 8 practice practice NOUN cjal-3230 718 9 is be AUX cjal-3230 718 10 a a DET cjal-3230 718 11 decade decade NOUN cjal-3230 718 12 - - PUNCT cjal-3230 718 13 long long ADJ cjal-3230 718 14 recession recession NOUN cjal-3230 718 15 that that PRON cjal-3230 718 16 put put VERB cjal-3230 718 17 a a PRON cjal-3230 718 18 sudden sudden ADJ cjal-3230 718 19 and and CCONJ cjal-3230 718 20 grinding grind VERB cjal-3230 718 21 halt halt NOUN cjal-3230 718 22 to to ADP cjal-3230 718 23 the the DET cjal-3230 718 24 world world NOUN cjal-3230 718 25 's 's PART cjal-3230 718 26 second second ADV cjal-3230 718 27 largest large ADJ cjal-3230 718 28 economy economy NOUN cjal-3230 718 29 . . PUNCT cjal-3230 719 1 i i PRON cjal-3230 719 2 even even ADV cjal-3230 719 3 more more ADV cjal-3230 719 4 , , PUNCT cjal-3230 719 5 in in ADP cjal-3230 719 6 this this DET cjal-3230 719 7 scenario scenario NOUN cjal-3230 719 8 , , PUNCT cjal-3230 719 9 even even ADV cjal-3230 719 10 those those DET cjal-3230 719 11 investors investor NOUN cjal-3230 719 12 left leave VERB cjal-3230 719 13 who who PRON cjal-3230 719 14 are be AUX cjal-3230 719 15 willing willing ADJ cjal-3230 719 16 to to PART cjal-3230 719 17 take take VERB cjal-3230 719 18 the the DET cjal-3230 719 19 risks risk NOUN cjal-3230 719 20 of of ADP cjal-3230 719 21 investing invest VERB cjal-3230 719 22 in in ADP cjal-3230 719 23 the the DET cjal-3230 719 24 korean korean ADJ cjal-3230 719 25 real real ADJ cjal-3230 719 26 estate estate NOUN cjal-3230 719 27 market market NOUN cjal-3230 719 28 , , PUNCT cjal-3230 719 29 despite despite SCONJ cjal-3230 719 30 the the DET cjal-3230 719 31 anti anti ADJ cjal-3230 719 32 - - ADJ cjal-3230 719 33 speculation speculation ADJ cjal-3230 719 34 laws law NOUN cjal-3230 719 35 , , PUNCT cjal-3230 719 36 will will AUX cjal-3230 719 37 reap reap VERB cjal-3230 719 38 notably notably ADV cjal-3230 719 39 less less ADJ cjal-3230 719 40 financial financial ADJ cjal-3230 719 41 rewards reward NOUN cjal-3230 719 42 . . PUNCT cjal-3230 719 43 ' ' PUNCT cjal-3230 720 1 4 4 NUM cjal-3230 720 2 the the DET cjal-3230 720 3 third third ADJ cjal-3230 720 4 broad broad ADJ cjal-3230 720 5 risk risk NOUN cjal-3230 720 6 is be AUX cjal-3230 720 7 that that SCONJ cjal-3230 720 8 , , PUNCT cjal-3230 720 9 even even ADV cjal-3230 720 10 assuming assume VERB cjal-3230 720 11 a a DET cjal-3230 720 12 " " PUNCT cjal-3230 720 13 bubble bubble NOUN cjal-3230 720 14 scenario scenario NOUN cjal-3230 720 15 , , PUNCT cjal-3230 720 16 " " PUNCT cjal-3230 720 17 what what PRON cjal-3230 720 18 test test NOUN cjal-3230 720 19 should should AUX cjal-3230 720 20 the the DET cjal-3230 720 21 government government NOUN cjal-3230 720 22 apply apply VERB cjal-3230 720 23 to to PART cjal-3230 720 24 intervene intervene VERB cjal-3230 720 25 in in ADP cjal-3230 720 26 the the DET cjal-3230 720 27 real real ADJ cjal-3230 720 28 estate estate NOUN cjal-3230 720 29 markets market NOUN cjal-3230 720 30 ? ? PUNCT cjal-3230 721 1 ideally ideally ADV cjal-3230 721 2 such such DET cjal-3230 721 3 a a DET cjal-3230 721 4 test test NOUN cjal-3230 721 5 should should AUX cjal-3230 721 6 be be AUX cjal-3230 721 7 uniform uniform ADJ cjal-3230 721 8 , , PUNCT cjal-3230 721 9 clear clear ADJ cjal-3230 721 10 , , PUNCT cjal-3230 721 11 and and CCONJ cjal-3230 721 12 transparent transparent ADJ cjal-3230 721 13 to to PART cjal-3230 721 14 instill instill VERB cjal-3230 721 15 investor investor NOUN cjal-3230 721 16 confidence confidence NOUN cjal-3230 721 17 . . PUNCT cjal-3230 722 1 but but CCONJ cjal-3230 722 2 as as SCONJ cjal-3230 722 3 it it PRON cjal-3230 722 4 stands stand VERB cjal-3230 722 5 now now ADV cjal-3230 722 6 , , PUNCT cjal-3230 722 7 no no DET cjal-3230 722 8 statement statement NOUN cjal-3230 722 9 has have AUX cjal-3230 722 10 been be AUX cjal-3230 722 11 given give VERB cjal-3230 722 12 to to ADP cjal-3230 722 13 the the DET cjal-3230 722 14 general general ADJ cjal-3230 722 15 public public NOUN cjal-3230 722 16 regarding regard VERB cjal-3230 722 17 the the DET cjal-3230 722 18 exact exact ADJ cjal-3230 722 19 methodology methodology NOUN cjal-3230 722 20 as as ADP cjal-3230 722 21 to to ADP cjal-3230 722 22 when when SCONJ cjal-3230 722 23 , , PUNCT cjal-3230 722 24 how how SCONJ cjal-3230 722 25 , , PUNCT cjal-3230 722 26 and and CCONJ cjal-3230 722 27 to to ADP cjal-3230 722 28 what what DET cjal-3230 722 29 extent extent NOUN cjal-3230 722 30 the the DET cjal-3230 722 31 government government NOUN cjal-3230 722 32 will will AUX cjal-3230 722 33 apply apply VERB cjal-3230 722 34 any any DET cjal-3230 722 35 further far ADV cjal-3230 722 36 related relate VERB cjal-3230 722 37 legislation legislation NOUN cjal-3230 722 38 . . PUNCT cjal-3230 723 1 such such ADJ cjal-3230 723 2 inaction inaction NOUN cjal-3230 723 3 does do AUX cjal-3230 723 4 not not PART cjal-3230 723 5 reflect reflect VERB cjal-3230 723 6 uniformity uniformity NOUN cjal-3230 723 7 , , PUNCT cjal-3230 723 8 clarity clarity NOUN cjal-3230 723 9 , , PUNCT cjal-3230 723 10 or or CCONJ cjal-3230 723 11 to to PART cjal-3230 723 12 assist assist VERB cjal-3230 723 13 the the DET cjal-3230 723 14 many many ADJ cjal-3230 723 15 troubled troubled ADJ cjal-3230 723 16 banking banking NOUN cjal-3230 723 17 institutions institution NOUN cjal-3230 723 18 involved involve VERB cjal-3230 723 19 . . PUNCT cjal-3230 724 1 see see VERB cjal-3230 724 2 generally generally ADV cjal-3230 724 3 , , PUNCT cjal-3230 724 4 mark mark PROPN cjal-3230 724 5 cassell cassell PROPN cjal-3230 724 6 , , PUNCT cjal-3230 724 7 how how SCONJ cjal-3230 724 8 governments government NOUN cjal-3230 724 9 privatize privatize VERB cjal-3230 724 10 the the DET cjal-3230 724 11 politics politic NOUN cjal-3230 724 12 of of ADP cjal-3230 724 13 divestment divestment NOUN cjal-3230 724 14 in in ADP cjal-3230 724 15 the the DET cjal-3230 724 16 united united PROPN cjal-3230 724 17 stats stats PROPN cjal-3230 724 18 and and CCONJ cjal-3230 724 19 germany germany PROPN cjal-3230 724 20 , , PUNCT cjal-3230 724 21 3 3 NUM cjal-3230 724 22 ( ( PUNCT cjal-3230 724 23 georgetown georgetown PROPN cjal-3230 724 24 university university PROPN cjal-3230 724 25 press press PROPN cjal-3230 724 26 washington washington PROPN cjal-3230 724 27 , , PUNCT cjal-3230 724 28 d.c d.c PROPN cjal-3230 724 29 . . PROPN cjal-3230 724 30 , , PUNCT cjal-3230 724 31 2002 2002 NUM cjal-3230 724 32 ) ) PUNCT cjal-3230 724 33 161 161 NUM cjal-3230 724 34 see see VERB cjal-3230 724 35 associated associated ADJ cjal-3230 724 36 press press NOUN cjal-3230 724 37 , , PUNCT cjal-3230 724 38 greenspan greenspan PROPN cjal-3230 724 39 defends defend VERB cjal-3230 724 40 fed fed PROPN cjal-3230 724 41 's 's PART cjal-3230 724 42 1990s 1990 NOUN cjal-3230 724 43 bubble bubble NOUN cjal-3230 724 44 management management PROPN cjal-3230 724 45 korea korea PROPN cjal-3230 724 46 times times PROPN cjal-3230 724 47 , , PUNCT cjal-3230 724 48 january january PROPN cjal-3230 724 49 5 5 NUM cjal-3230 724 50 , , PUNCT cjal-3230 724 51 2004 2004 NUM cjal-3230 724 52 , , PUNCT cjal-3230 724 53 at at ADP cjal-3230 724 54 . . PROPN cjal-3230 725 1 16 16 NUM cjal-3230 725 2 . . X cjal-3230 726 1 162 162 NUM cjal-3230 726 2 alan alan PROPN cjal-3230 726 3 greenspan greenspan PROPN cjal-3230 726 4 's 's PART cjal-3230 726 5 policy policy NOUN cjal-3230 726 6 of of ADP cjal-3230 726 7 not not PART cjal-3230 726 8 attempting attempt VERB cjal-3230 726 9 to to PART cjal-3230 726 10 burst burst VERB cjal-3230 726 11 the the DET cjal-3230 726 12 late late ADJ cjal-3230 726 13 1990s 1990 NOUN cjal-3230 726 14 ' ' PART cjal-3230 726 15 equities equity NOUN cjal-3230 726 16 bubble bubble NOUN cjal-3230 726 17 is be AUX cjal-3230 726 18 sometimes sometimes ADV cjal-3230 726 19 colloquially colloquially ADV cjal-3230 726 20 referred refer VERB cjal-3230 726 21 to to ADP cjal-3230 726 22 as as ADP cjal-3230 726 23 " " PUNCT cjal-3230 726 24 bubble bubble NOUN cjal-3230 726 25 management management NOUN cjal-3230 726 26 " " PUNCT cjal-3230 726 27 . . PUNCT cjal-3230 727 1 163 163 NUM cjal-3230 727 2 japan japan PROPN cjal-3230 727 3 currently currently ADV cjal-3230 727 4 ranks rank VERB cjal-3230 727 5 as as ADP cjal-3230 727 6 the the DET cjal-3230 727 7 second second ADV cjal-3230 727 8 largest large ADJ cjal-3230 727 9 economy economy NOUN cjal-3230 727 10 in in ADP cjal-3230 727 11 the the DET cjal-3230 727 12 world world NOUN cjal-3230 727 13 . . PUNCT cjal-3230 728 1 see see VERB cjal-3230 728 2 gross gross ADJ cjal-3230 728 3 domestic domestic ADJ cjal-3230 728 4 product product NOUN cjal-3230 728 5 ( ( PUNCT cjal-3230 728 6 gdp gdp NOUN cjal-3230 728 7 ) ) PUNCT cjal-3230 728 8 for for ADP cjal-3230 728 9 oecd oecd PROPN cjal-3230 728 10 countries country NOUN cjal-3230 728 11 ( ( PUNCT cjal-3230 728 12 february february PROPN cjal-3230 728 13 6 6 NUM cjal-3230 728 14 , , PUNCT cjal-3230 728 15 2004 2004 NUM cjal-3230 728 16 ) ) PUNCT cjal-3230 728 17 , , PUNCT cjal-3230 728 18 available available ADJ cjal-3230 728 19 at at ADP cjal-3230 728 20 http://www.iht.con/ceibin/adv http://www.iht.con/ceibin/adv PROPN cjal-3230 728 21 search.cgi?key=james+brooke&from search.cgi?key=james+brooke&from ADP cjal-3230 728 22 vear-2004&from vear-2004&from ADP cjal-3230 728 23 mon=2&to mon=2&to NOUN cjal-3230 728 24 year-2004&to year-2004&to PUNCT cjal-3230 729 1 mon= mon= PROPN cjal-3230 729 2 2 2 NUM cjal-3230 729 3 . . PUNCT cjal-3230 730 1 the the DET cjal-3230 730 2 united united PROPN cjal-3230 730 3 states states PROPN cjal-3230 730 4 ranks rank VERB cjal-3230 730 5 as as ADP cjal-3230 730 6 the the DET cjal-3230 730 7 world world NOUN cjal-3230 730 8 's 's PART cjal-3230 730 9 largest large ADJ cjal-3230 730 10 economy economy NOUN cjal-3230 730 11 with with ADP cjal-3230 730 12 9463.9 9463.9 NUM cjal-3230 730 13 us$ us$ SYM cjal-3230 730 14 billion billion NUM cjal-3230 730 15 . . PUNCT cjal-3230 731 1 japan japan PROPN cjal-3230 731 2 ranks rank VERB cjal-3230 731 3 second second ADV cjal-3230 731 4 with with ADP cjal-3230 731 5 5867.2 5867.2 NUM cjal-3230 731 6 us$ us$ SYM cjal-3230 731 7 billion billion NUM cjal-3230 731 8 . . PUNCT cjal-3230 732 1 according accord VERB cjal-3230 732 2 to to ADP cjal-3230 732 3 one one NUM cjal-3230 732 4 report report NOUN cjal-3230 732 5 , , PUNCT cjal-3230 732 6 " " PUNCT cjal-3230 732 7 the the DET cjal-3230 732 8 japanese japanese ADJ cjal-3230 732 9 economy economy NOUN cjal-3230 732 10 grew grow VERB cjal-3230 732 11 at at ADP cjal-3230 732 12 a a DET cjal-3230 732 13 robust robust ADJ cjal-3230 732 14 7 7 NUM cjal-3230 732 15 percent percent NOUN cjal-3230 732 16 annual annual ADJ cjal-3230 732 17 rate rate NOUN cjal-3230 732 18 in in ADP cjal-3230 732 19 the the DET cjal-3230 732 20 fourth fourth ADJ cjal-3230 732 21 quarter quarter NOUN cjal-3230 732 22 of of ADP cjal-3230 732 23 2003 2003 NUM cjal-3230 732 24 , , PUNCT cjal-3230 732 25 the the DET cjal-3230 732 26 cabinet cabinet NOUN cjal-3230 732 27 office office NOUN cjal-3230 732 28 reported report VERB cjal-3230 732 29 wednesday wednesday PROPN cjal-3230 732 30 , , PUNCT cjal-3230 732 31 bringing bring VERB cjal-3230 732 32 the the DET cjal-3230 732 33 2003 2003 NUM cjal-3230 732 34 growth growth NOUN cjal-3230 732 35 rate rate NOUN cjal-3230 732 36 for for ADP cjal-3230 732 37 the the DET cjal-3230 732 38 world world NOUN cjal-3230 732 39 's 's PART cjal-3230 732 40 second second ADV cjal-3230 732 41 - - PUNCT cjal-3230 732 42 largest large ADJ cjal-3230 732 43 economy economy NOUN cjal-3230 732 44 to to ADP cjal-3230 732 45 2.7 2.7 NUM cjal-3230 732 46 percent percent NOUN cjal-3230 732 47 . . PUNCT cjal-3230 732 48 " " PUNCT cjal-3230 733 1 see see VERB cjal-3230 733 2 james james PROPN cjal-3230 733 3 brooke brooke PROPN cjal-3230 733 4 , , PUNCT cjal-3230 733 5 int'l int'l PROPN cjal-3230 733 6 herald herald PROPN cjal-3230 733 7 tribune tribune PROPN cjal-3230 733 8 , , PUNCT cjal-3230 733 9 february february PROPN cjal-3230 733 10 19 19 NUM cjal-3230 733 11 2004 2004 NUM cjal-3230 733 12 , , PUNCT cjal-3230 733 13 at at ADP cjal-3230 733 14 1 1 NUM cjal-3230 733 15 & & CCONJ cjal-3230 733 16 8 8 NUM cjal-3230 733 17 . . PUNCT cjal-3230 734 1 ' ' NUM cjal-3230 734 2 64 64 NUM cjal-3230 734 3 this this DET cjal-3230 734 4 effect effect NOUN cjal-3230 734 5 follows follow VERB cjal-3230 734 6 yet yet ADV cjal-3230 734 7 another another DET cjal-3230 734 8 finance finance NOUN cjal-3230 734 9 mantra mantra NOUN cjal-3230 734 10 of of ADP cjal-3230 734 11 " " PUNCT cjal-3230 734 12 no no DET cjal-3230 734 13 risk risk NOUN cjal-3230 734 14 , , PUNCT cjal-3230 734 15 no no DET cjal-3230 734 16 reward reward NOUN cjal-3230 734 17 " " PUNCT cjal-3230 734 18 . . PUNCT cjal-3230 735 1 but but CCONJ cjal-3230 735 2 under under ADP cjal-3230 735 3 the the DET cjal-3230 735 4 proposed propose VERB cjal-3230 735 5 legislative legislative ADJ cjal-3230 735 6 initiative initiative NOUN cjal-3230 735 7 , , PUNCT cjal-3230 735 8 the the DET cjal-3230 735 9 risks risk NOUN cjal-3230 735 10 remain remain VERB cjal-3230 735 11 the the DET cjal-3230 735 12 same same ADJ cjal-3230 735 13 while while SCONJ cjal-3230 735 14 the the DET cjal-3230 735 15 returns return NOUN cjal-3230 735 16 are be AUX cjal-3230 735 17 substantially substantially ADV cjal-3230 735 18 diminished diminish VERB cjal-3230 735 19 . . PUNCT cjal-3230 736 1 thus thus ADV cjal-3230 736 2 net net ADJ cjal-3230 736 3 investment investment NOUN cjal-3230 736 4 flows flow NOUN cjal-3230 736 5 will will AUX cjal-3230 736 6 flow flow VERB cjal-3230 736 7 out out ADP cjal-3230 736 8 of of ADP cjal-3230 736 9 the the DET cjal-3230 736 10 real real ADJ cjal-3230 736 11 estate estate NOUN cjal-3230 736 12 market market NOUN cjal-3230 736 13 , , PUNCT cjal-3230 736 14 as as SCONJ cjal-3230 736 15 was be AUX cjal-3230 736 16 intended intend VERB cjal-3230 736 17 , , PUNCT cjal-3230 736 18 but but CCONJ cjal-3230 736 19 may may AUX cjal-3230 736 20 flow flow VERB cjal-3230 736 21 to to ADP cjal-3230 736 22 a a DET cjal-3230 736 23 much much ADV cjal-3230 736 24 more more ADV cjal-3230 736 25 severe severe ADJ cjal-3230 736 26 degree degree NOUN cjal-3230 736 27 and and CCONJ cjal-3230 736 28 for for ADP cjal-3230 736 29 a a DET cjal-3230 736 30 much much ADV cjal-3230 736 31 longer long ADJ cjal-3230 736 32 time time NOUN cjal-3230 736 33 period period NOUN cjal-3230 736 34 than than ADP cjal-3230 736 35 was be AUX cjal-3230 736 36 ever ever ADV cjal-3230 736 37 projected project VERB cjal-3230 736 38 or or CCONJ cjal-3230 736 39 intended intend VERB cjal-3230 736 40 . . PUNCT cjal-3230 737 1 2004 2004 NUM cjal-3230 737 2 ] ] PUNCT cjal-3230 737 3 columbia columbia PROPN cjal-3230 737 4 journal journal PROPN cjal-3230 737 5 of of ADP cjal-3230 737 6 asian asian ADJ cjal-3230 737 7 law law NOUN cjal-3230 737 8 transparency transparency NOUN cjal-3230 737 9 , , PUNCT cjal-3230 737 10 which which PRON cjal-3230 737 11 will will AUX cjal-3230 737 12 thus thus ADV cjal-3230 737 13 signal signal VERB cjal-3230 737 14 to to ADP cjal-3230 737 15 the the DET cjal-3230 737 16 markets market NOUN cjal-3230 737 17 that that PRON cjal-3230 737 18 the the DET cjal-3230 737 19 socio socio NOUN cjal-3230 737 20 - - PUNCT cjal-3230 737 21 political political ADJ cjal-3230 737 22 , , PUNCT cjal-3230 737 23 economic economic ADJ cjal-3230 737 24 , , PUNCT cjal-3230 737 25 and and CCONJ cjal-3230 737 26 legal legal ADJ cjal-3230 737 27 landscape landscape NOUN cjal-3230 737 28 in in ADP cjal-3230 737 29 korea korea PROPN cjal-3230 737 30 has have AUX cjal-3230 737 31 indeed indeed ADV cjal-3230 737 32 changed change VERB cjal-3230 737 33 drastically drastically ADV cjal-3230 737 34 from from ADP cjal-3230 737 35 a a DET cjal-3230 737 36 once once ADV cjal-3230 737 37 transparent transparent ADJ cjal-3230 737 38 investment investment NOUN cjal-3230 737 39 environment environment NOUN cjal-3230 737 40 based base VERB cjal-3230 737 41 on on ADP cjal-3230 737 42 open open ADJ cjal-3230 737 43 and and CCONJ cjal-3230 737 44 free free ADJ cjal-3230 737 45 market market NOUN cjal-3230 737 46 principles principle NOUN cjal-3230 737 47 back back ADV cjal-3230 737 48 to to ADP cjal-3230 737 49 the the DET cjal-3230 737 50 pre-1997 pre-1997 ADJ cjal-3230 737 51 type type NOUN cjal-3230 737 52 crony crony NOUN cjal-3230 737 53 capitalistic capitalistic ADJ cjal-3230 737 54 days day NOUN cjal-3230 737 55 of of ADP cjal-3230 737 56 old old ADJ cjal-3230 737 57 where where SCONJ cjal-3230 737 58 government government NOUN cjal-3230 737 59 and and CCONJ cjal-3230 737 60 state state NOUN cjal-3230 737 61 were be AUX cjal-3230 737 62 indistinguishable indistinguishable ADJ cjal-3230 737 63 , , PUNCT cjal-3230 737 64 where where SCONJ cjal-3230 737 65 the the DET cjal-3230 737 66 government government NOUN cjal-3230 737 67 heavily heavily ADV cjal-3230 737 68 influenced influence VERB cjal-3230 737 69 macroeconomic macroeconomic ADJ cjal-3230 737 70 growth growth NOUN cjal-3230 737 71 , , PUNCT cjal-3230 737 72 and and CCONJ cjal-3230 737 73 where where SCONJ cjal-3230 737 74 the the DET cjal-3230 737 75 government government NOUN cjal-3230 737 76 , , PUNCT cjal-3230 737 77 not not PART cjal-3230 737 78 the the DET cjal-3230 737 79 markets market NOUN cjal-3230 737 80 dictated dictate VERB cjal-3230 737 81 investment investment NOUN cjal-3230 737 82 behavior behavior NOUN cjal-3230 737 83 . . PUNCT cjal-3230 738 1 the the DET cjal-3230 738 2 fourth fourth ADJ cjal-3230 738 3 broad broad ADJ cjal-3230 738 4 risk risk NOUN cjal-3230 738 5 is be AUX cjal-3230 738 6 that that SCONJ cjal-3230 738 7 , , PUNCT cjal-3230 738 8 even even ADV cjal-3230 738 9 assuming assume VERB cjal-3230 738 10 that that SCONJ cjal-3230 738 11 the the DET cjal-3230 738 12 antispeculation antispeculation NOUN cjal-3230 738 13 laws law NOUN cjal-3230 738 14 were be AUX cjal-3230 738 15 completely completely ADV cjal-3230 738 16 valid valid ADJ cjal-3230 738 17 at at ADP cjal-3230 738 18 the the DET cjal-3230 738 19 time time NOUN cjal-3230 738 20 of of ADP cjal-3230 738 21 conception conception NOUN cjal-3230 738 22 , , PUNCT cjal-3230 738 23 no no DET cjal-3230 738 24 assurance assurance NOUN cjal-3230 738 25 exists exist VERB cjal-3230 738 26 that that SCONJ cjal-3230 738 27 the the DET cjal-3230 738 28 basic basic ADJ cjal-3230 738 29 assumptions assumption NOUN cjal-3230 738 30 of of ADP cjal-3230 738 31 the the DET cjal-3230 738 32 anti anti ADJ cjal-3230 738 33 - - ADJ cjal-3230 738 34 speculation speculation ADJ cjal-3230 738 35 laws law NOUN cjal-3230 738 36 will will AUX cjal-3230 738 37 continue continue VERB cjal-3230 738 38 to to PART cjal-3230 738 39 hold hold VERB cjal-3230 738 40 true true ADJ cjal-3230 738 41 until until SCONJ cjal-3230 738 42 they they PRON cjal-3230 738 43 begin begin VERB cjal-3230 738 44 to to PART cjal-3230 738 45 take take VERB cjal-3230 738 46 effect effect NOUN cjal-3230 738 47 vis vis X cjal-3230 738 48 - - PUNCT cjal-3230 738 49 a a X cjal-3230 738 50 - - PUNCT cjal-3230 738 51 vis vis X cjal-3230 738 52 formal formal ADJ cjal-3230 738 53 approval approval NOUN cjal-3230 738 54 by by ADP cjal-3230 738 55 the the DET cjal-3230 738 56 korean korean ADJ cjal-3230 738 57 national national PROPN cjal-3230 738 58 assembly.65 assembly.65 PROPN cjal-3230 738 59 alternatively alternatively ADV cjal-3230 738 60 , , PUNCT cjal-3230 738 61 what what PRON cjal-3230 738 62 if if SCONJ cjal-3230 738 63 p p ADJ cjal-3230 738 64 1 1 NUM cjal-3230 738 65 fluctuates fluctuate NOUN cjal-3230 738 66 between between ADP cjal-3230 738 67 p0 p0 NOUN cjal-3230 738 68 and and CCONJ cjal-3230 738 69 p p NOUN cjal-3230 738 70 1 1 NUM cjal-3230 738 71 , , PUNCT cjal-3230 738 72 as as SCONJ cjal-3230 738 73 markets market NOUN cjal-3230 738 74 historically historically ADV cjal-3230 738 75 have have AUX cjal-3230 738 76 done do VERB cjal-3230 738 77 , , PUNCT cjal-3230 738 78 such such ADJ cjal-3230 738 79 that that SCONJ cjal-3230 738 80 no no DET cjal-3230 738 81 material material ADJ cjal-3230 738 82 period period NOUN cjal-3230 738 83 of of ADP cjal-3230 738 84 " " PUNCT cjal-3230 738 85 bubble bubble NOUN cjal-3230 738 86 " " PUNCT cjal-3230 738 87 sustainability sustainability NOUN cjal-3230 738 88 exists exist VERB cjal-3230 738 89 but but CCONJ cjal-3230 738 90 that that SCONJ cjal-3230 738 91 the the DET cjal-3230 738 92 p1 p1 PROPN cjal-3230 738 93 to to ADP cjal-3230 738 94 p0 p0 NOUN cjal-3230 738 95 premium premium NOUN cjal-3230 738 96 constitutes constitute VERB cjal-3230 738 97 a a DET cjal-3230 738 98 " " PUNCT cjal-3230 738 99 bubble bubble NOUN cjal-3230 738 100 " " PUNCT cjal-3230 738 101 from from ADP cjal-3230 738 102 the the DET cjal-3230 738 103 government government NOUN cjal-3230 738 104 's 's PART cjal-3230 738 105 perspective perspective NOUN cjal-3230 738 106 for for ADP cjal-3230 738 107 several several ADJ cjal-3230 738 108 short short ADJ cjal-3230 738 109 - - PUNCT cjal-3230 738 110 term term NOUN cjal-3230 738 111 periods period NOUN cjal-3230 738 112 , , PUNCT cjal-3230 738 113 rather rather ADV cjal-3230 738 114 than than ADP cjal-3230 738 115 one one NUM cjal-3230 738 116 long long ADV cjal-3230 738 117 sustained sustain VERB cjal-3230 738 118 one one NUM cjal-3230 738 119 . . PUNCT cjal-3230 739 1 in in ADP cjal-3230 739 2 this this DET cjal-3230 739 3 case case NOUN cjal-3230 739 4 , , PUNCT cjal-3230 739 5 the the DET cjal-3230 739 6 government government NOUN cjal-3230 739 7 is be AUX cjal-3230 739 8 again again ADV cjal-3230 739 9 put put VERB cjal-3230 739 10 in in ADP cjal-3230 739 11 the the DET cjal-3230 739 12 awkward awkward ADJ cjal-3230 739 13 position position NOUN cjal-3230 739 14 of of ADP cjal-3230 739 15 having have VERB cjal-3230 739 16 to to PART cjal-3230 739 17 decide decide VERB cjal-3230 739 18 whether whether SCONJ cjal-3230 739 19 such such ADJ cjal-3230 739 20 conditions condition NOUN cjal-3230 739 21 would would AUX cjal-3230 739 22 warrant warrant VERB cjal-3230 739 23 legislative legislative ADJ cjal-3230 739 24 action action NOUN cjal-3230 739 25 or or CCONJ cjal-3230 739 26 not not PART cjal-3230 739 27 while while SCONJ cjal-3230 739 28 the the DET cjal-3230 739 29 markets market NOUN cjal-3230 739 30 await await VERB cjal-3230 739 31 nervously nervously ADV cjal-3230 739 32 . . PUNCT cjal-3230 740 1 '66 '66 NUM cjal-3230 740 2 the the DET cjal-3230 740 3 fifth fifth ADJ cjal-3230 740 4 broad broad ADJ cjal-3230 740 5 risk risk NOUN cjal-3230 740 6 is be AUX cjal-3230 740 7 that that SCONJ cjal-3230 740 8 the the DET cjal-3230 740 9 anti anti ADJ cjal-3230 740 10 - - ADJ cjal-3230 740 11 speculation speculation ADJ cjal-3230 740 12 laws law NOUN cjal-3230 740 13 may may AUX cjal-3230 740 14 prove prove VERB cjal-3230 740 15 too too ADV cjal-3230 740 16 successful successful ADJ cjal-3230 740 17 . . PUNCT cjal-3230 741 1 that that PRON cjal-3230 741 2 is be AUX cjal-3230 741 3 , , PUNCT cjal-3230 741 4 the the DET cjal-3230 741 5 anti anti ADJ cjal-3230 741 6 - - ADJ cjal-3230 741 7 speculation speculation ADJ cjal-3230 741 8 laws law NOUN cjal-3230 741 9 can can AUX cjal-3230 741 10 run run VERB cjal-3230 741 11 the the DET cjal-3230 741 12 distinct distinct ADJ cjal-3230 741 13 risk risk NOUN cjal-3230 741 14 of of ADP cjal-3230 741 15 overreaching overreach VERB cjal-3230 741 16 its its PRON cjal-3230 741 17 stated state VERB cjal-3230 741 18 objectives objective NOUN cjal-3230 741 19 . . PUNCT cjal-3230 742 1 this this DET cjal-3230 742 2 notion notion NOUN cjal-3230 742 3 may may AUX cjal-3230 742 4 at at ADP cjal-3230 742 5 first first ADJ cjal-3230 742 6 blush blush PROPN cjal-3230 742 7 seem seem VERB cjal-3230 742 8 counter counter NOUN cjal-3230 742 9 - - ADJ cjal-3230 742 10 intuitive intuitive ADJ cjal-3230 742 11 . . PUNCT cjal-3230 743 1 but but CCONJ cjal-3230 743 2 if if SCONJ cjal-3230 743 3 one one PRON cjal-3230 743 4 looks look VERB cjal-3230 743 5 at at ADP cjal-3230 743 6 recent recent ADJ cjal-3230 743 7 korean korean ADJ cjal-3230 743 8 economic economic ADJ cjal-3230 743 9 history history NOUN cjal-3230 743 10 , , PUNCT cjal-3230 743 11 then then ADV cjal-3230 743 12 a a DET cjal-3230 743 13 clear clear ADJ cjal-3230 743 14 reminder reminder NOUN cjal-3230 743 15 of of ADP cjal-3230 743 16 this this DET cjal-3230 743 17 very very ADV cjal-3230 743 18 possible possible ADJ cjal-3230 743 19 outcome outcome NOUN cjal-3230 743 20 arises arise VERB cjal-3230 743 21 . . PUNCT cjal-3230 744 1 for for ADP cjal-3230 744 2 example example NOUN cjal-3230 744 3 , , PUNCT cjal-3230 744 4 closely closely ADV cjal-3230 744 5 following follow VERB cjal-3230 744 6 the the DET cjal-3230 744 7 post-1997 post-1997 ADJ cjal-3230 744 8 so so ADV cjal-3230 744 9 called call VERB cjal-3230 744 10 imf imf PROPN cjal-3230 744 11 crisis crisis NOUN cjal-3230 744 12 in in ADP cjal-3230 744 13 korea,'67 korea,'67 PROPN cjal-3230 744 14 the the DET cjal-3230 744 15 government government NOUN cjal-3230 744 16 initiated initiate VERB cjal-3230 744 17 several several ADJ cjal-3230 744 18 useful useful ADJ cjal-3230 744 19 measures measure NOUN cjal-3230 744 20 aimed aim VERB cjal-3230 744 21 at at ADP cjal-3230 744 22 liberalizing liberalize VERB cjal-3230 744 23 regulations regulation NOUN cjal-3230 744 24 stifling stifle VERB cjal-3230 744 25 free free ADJ cjal-3230 744 26 market market NOUN cjal-3230 744 27 competition competition NOUN cjal-3230 744 28 and and CCONJ cjal-3230 744 29 encouraging encourage VERB cjal-3230 744 30 consumer consumer NOUN cjal-3230 744 31 lending lending NOUN cjal-3230 744 32 to to PART cjal-3230 744 33 spur spur VERB cjal-3230 744 34 domestic domestic ADJ cjal-3230 744 35 economic economic ADJ cjal-3230 744 36 spending spending NOUN cjal-3230 744 37 and and CCONJ cjal-3230 744 38 therefore therefore ADV cjal-3230 744 39 macroeconomic macroeconomic ADJ cjal-3230 744 40 growth growth NOUN cjal-3230 744 41 . . PUNCT cjal-3230 745 1 currently currently ADV cjal-3230 745 2 , , PUNCT cjal-3230 745 3 however however ADV cjal-3230 745 4 , , PUNCT cjal-3230 745 5 a a DET cjal-3230 745 6 mere mere ADJ cjal-3230 745 7 six six NUM cjal-3230 745 8 years year NOUN cjal-3230 745 9 from from ADP cjal-3230 745 10 the the DET cjal-3230 745 11 1997 1997 NUM cjal-3230 745 12 asian asian ADJ cjal-3230 745 13 financial financial ADJ cjal-3230 745 14 crisis crisis NOUN cjal-3230 745 15 , , PUNCT cjal-3230 745 16 we we PRON cjal-3230 745 17 see see VERB cjal-3230 745 18 the the DET cjal-3230 745 19 korean korean ADJ cjal-3230 745 20 economy economy NOUN cjal-3230 745 21 in in ADP cjal-3230 745 22 trouble trouble NOUN cjal-3230 745 23 again again ADV cjal-3230 745 24 . . PUNCT cjal-3230 746 1 this this DET cjal-3230 746 2 time time NOUN cjal-3230 746 3 no no DET cjal-3230 746 4 run run NOUN cjal-3230 746 5 on on ADP cjal-3230 746 6 the the DET cjal-3230 746 7 official official ADJ cjal-3230 746 8 korean korean ADJ cjal-3230 746 9 won win VERB cjal-3230 746 10 exists exist VERB cjal-3230 746 11 . . PUNCT cjal-3230 747 1 instead instead ADV cjal-3230 747 2 , , PUNCT cjal-3230 747 3 we we PRON cjal-3230 747 4 see see VERB cjal-3230 747 5 a a DET cjal-3230 747 6 population population NOUN cjal-3230 747 7 165 165 NUM cjal-3230 747 8 the the DET cjal-3230 747 9 most most ADV cjal-3230 747 10 obvious obvious ADJ cjal-3230 747 11 example example NOUN cjal-3230 747 12 is be AUX cjal-3230 747 13 if if SCONJ cjal-3230 747 14 the the DET cjal-3230 747 15 perceived perceive VERB cjal-3230 747 16 current current ADJ cjal-3230 747 17 market market NOUN cjal-3230 747 18 price price NOUN cjal-3230 747 19 levels level NOUN cjal-3230 747 20 ( ( PUNCT cjal-3230 747 21 p1 p1 NOUN cjal-3230 747 22 ) ) PUNCT cjal-3230 747 23 decline decline VERB cjal-3230 747 24 such such ADJ cjal-3230 747 25 that that SCONJ cjal-3230 747 26 the the DET cjal-3230 747 27 " " PUNCT cjal-3230 747 28 bubble bubble NOUN cjal-3230 747 29 " " PUNCT cjal-3230 747 30 can can AUX cjal-3230 747 31 be be AUX cjal-3230 747 32 reconstituted reconstitute VERB cjal-3230 747 33 as as ADP cjal-3230 747 34 a a DET cjal-3230 747 35 mere mere ADJ cjal-3230 747 36 profit profit NOUN cjal-3230 747 37 premium premium NOUN cjal-3230 747 38 either either CCONJ cjal-3230 747 39 in in ADP cjal-3230 747 40 the the DET cjal-3230 747 41 short short ADJ cjal-3230 747 42 or or CCONJ cjal-3230 747 43 long long ADJ cjal-3230 747 44 term term NOUN cjal-3230 747 45 or or CCONJ cjal-3230 747 46 both both PRON cjal-3230 747 47 . . PUNCT cjal-3230 748 1 in in ADP cjal-3230 748 2 this this DET cjal-3230 748 3 case case NOUN cjal-3230 748 4 , , PUNCT cjal-3230 748 5 the the DET cjal-3230 748 6 government government NOUN cjal-3230 748 7 is be AUX cjal-3230 748 8 put put VERB cjal-3230 748 9 in in ADP cjal-3230 748 10 the the DET cjal-3230 748 11 awkward awkward ADJ cjal-3230 748 12 position position NOUN cjal-3230 748 13 of of ADP cjal-3230 748 14 having have VERB cjal-3230 748 15 to to PART cjal-3230 748 16 decide decide VERB cjal-3230 748 17 whether whether SCONJ cjal-3230 748 18 to to PART cjal-3230 748 19 move move VERB cjal-3230 748 20 forward forward ADV cjal-3230 748 21 with with ADP cjal-3230 748 22 the the DET cjal-3230 748 23 proposed propose VERB cjal-3230 748 24 legislation legislation NOUN cjal-3230 748 25 , , PUNCT cjal-3230 748 26 or or CCONJ cjal-3230 748 27 postpone postpone VERB cjal-3230 748 28 such such ADJ cjal-3230 748 29 until until SCONJ cjal-3230 748 30 the the DET cjal-3230 748 31 " " PUNCT cjal-3230 748 32 bubble bubble NOUN cjal-3230 748 33 " " PUNCT cjal-3230 748 34 reaches reach VERB cjal-3230 748 35 a a DET cjal-3230 748 36 designated designate VERB cjal-3230 748 37 and and CCONJ cjal-3230 748 38 agreed agree VERB cjal-3230 748 39 upon upon SCONJ cjal-3230 748 40 period period NOUN cjal-3230 748 41 of of ADP cjal-3230 748 42 sustainability sustainability NOUN cjal-3230 748 43 . . PUNCT cjal-3230 749 1 then then ADV cjal-3230 749 2 the the DET cjal-3230 749 3 question question NOUN cjal-3230 749 4 arises arise VERB cjal-3230 749 5 as as ADP cjal-3230 749 6 to to ADP cjal-3230 749 7 what what PRON cjal-3230 749 8 such such DET cjal-3230 749 9 a a DET cjal-3230 749 10 period period NOUN cjal-3230 749 11 of of ADP cjal-3230 749 12 " " PUNCT cjal-3230 749 13 bubble bubble NOUN cjal-3230 749 14 " " PUNCT cjal-3230 749 15 sustainability sustainability NOUN cjal-3230 749 16 should should AUX cjal-3230 749 17 be be AUX cjal-3230 749 18 to to PART cjal-3230 749 19 warrant warrant VERB cjal-3230 749 20 legislative legislative ADJ cjal-3230 749 21 action action NOUN cjal-3230 749 22 . . PUNCT cjal-3230 750 1 166 166 NUM cjal-3230 750 2 such such ADJ cjal-3230 750 3 investor investor NOUN cjal-3230 750 4 anxiety anxiety NOUN cjal-3230 750 5 runs run VERB cjal-3230 750 6 the the DET cjal-3230 750 7 additional additional ADJ cjal-3230 750 8 risk risk NOUN cjal-3230 750 9 that that SCONJ cjal-3230 750 10 emotions emotion NOUN cjal-3230 750 11 on on ADP cjal-3230 750 12 wall wall PROPN cjal-3230 750 13 street street PROPN cjal-3230 750 14 can can AUX cjal-3230 750 15 turn turn VERB cjal-3230 750 16 from from ADP cjal-3230 750 17 " " PUNCT cjal-3230 750 18 greed greed NOUN cjal-3230 750 19 " " PUNCT cjal-3230 750 20 to to PART cjal-3230 750 21 " " PUNCT cjal-3230 750 22 fear fear VERB cjal-3230 750 23 " " PUNCT cjal-3230 750 24 with with ADP cjal-3230 750 25 little little ADJ cjal-3230 750 26 or or CCONJ cjal-3230 750 27 no no PRON cjal-3230 750 28 notice notice NOUN cjal-3230 750 29 , , PUNCT cjal-3230 750 30 based base VERB cjal-3230 750 31 on on ADP cjal-3230 750 32 reality reality NOUN cjal-3230 750 33 , , PUNCT cjal-3230 750 34 or or CCONJ cjal-3230 750 35 even even ADV cjal-3230 750 36 the the DET cjal-3230 750 37 mere mere ADJ cjal-3230 750 38 perception perception NOUN cjal-3230 750 39 of of ADP cjal-3230 750 40 reality reality NOUN cjal-3230 750 41 , , PUNCT cjal-3230 750 42 albeit albeit SCONJ cjal-3230 750 43 accurate accurate ADJ cjal-3230 750 44 or or CCONJ cjal-3230 750 45 not not PART cjal-3230 750 46 . . PUNCT cjal-3230 751 1 the the DET cjal-3230 751 2 bottom bottom ADJ cjal-3230 751 3 line line NOUN cjal-3230 751 4 here here ADV cjal-3230 751 5 is be AUX cjal-3230 751 6 that that PRON cjal-3230 751 7 truth truth NOUN cjal-3230 751 8 and and CCONJ cjal-3230 751 9 clarity clarity NOUN cjal-3230 751 10 matters matter VERB cjal-3230 751 11 to to ADP cjal-3230 751 12 investors investor NOUN cjal-3230 751 13 for for ADP cjal-3230 751 14 the the DET cjal-3230 751 15 benefit benefit NOUN cjal-3230 751 16 of of ADP cjal-3230 751 17 the the DET cjal-3230 751 18 korean korean ADJ cjal-3230 751 19 and and CCONJ cjal-3230 751 20 global global ADJ cjal-3230 751 21 capital capital NOUN cjal-3230 751 22 markets market NOUN cjal-3230 751 23 . . PUNCT cjal-3230 752 1 167 167 NUM cjal-3230 752 2 see see VERB cjal-3230 752 3 krugman krugman PROPN cjal-3230 752 4 at at ADP cjal-3230 752 5 687 687 NUM cjal-3230 752 6 - - SYM cjal-3230 752 7 692 692 NUM cjal-3230 752 8 . . PUNCT cjal-3230 753 1 [ [ X cjal-3230 753 2 18:1 18:1 NUM cjal-3230 753 3 anti anti ADJ cjal-3230 753 4 - - ADJ cjal-3230 753 5 speculation speculation ADJ cjal-3230 753 6 laws law NOUN cjal-3230 753 7 and and CCONJ cjal-3230 753 8 their their PRON cjal-3230 753 9 impact impact NOUN cjal-3230 753 10 heavily heavily ADV cjal-3230 753 11 debt debt NOUN cjal-3230 753 12 - - PUNCT cjal-3230 753 13 ridden ride VERB cjal-3230 753 14 68 68 NUM cjal-3230 753 15 because because SCONJ cjal-3230 753 16 the the DET cjal-3230 753 17 government government NOUN cjal-3230 753 18 's 's PART cjal-3230 753 19 post-1997 post-1997 ADJ cjal-3230 753 20 national national ADJ cjal-3230 753 21 economic economic ADJ cjal-3230 753 22 plan plan NOUN cjal-3230 753 23 to to PART cjal-3230 753 24 increase increase VERB cjal-3230 753 25 consumer consumer NOUN cjal-3230 753 26 lending lending NOUN cjal-3230 753 27 worked work VERB cjal-3230 753 28 too too ADV cjal-3230 753 29 effectively effectively ADV cjal-3230 753 30 . . PUNCT cjal-3230 754 1 korean korean ADJ cjal-3230 754 2 consumers consumer NOUN cjal-3230 754 3 , , PUNCT cjal-3230 754 4 many many ADJ cjal-3230 754 5 for for ADP cjal-3230 754 6 the the DET cjal-3230 754 7 first first ADJ cjal-3230 754 8 time time NOUN cjal-3230 754 9 , , PUNCT cjal-3230 754 10 had have VERB cjal-3230 754 11 instant instant ADJ cjal-3230 754 12 access access NOUN cjal-3230 754 13 to to ADP cjal-3230 754 14 a a DET cjal-3230 754 15 large large ADJ cjal-3230 754 16 pool pool NOUN cjal-3230 754 17 of of ADP cjal-3230 754 18 funds fund NOUN cjal-3230 754 19 in in ADP cjal-3230 754 20 the the DET cjal-3230 754 21 form form NOUN cjal-3230 754 22 of of ADP cjal-3230 754 23 credit credit NOUN cjal-3230 754 24 availability availability NOUN cjal-3230 754 25 . . PUNCT cjal-3230 755 1 consumers consumer NOUN cjal-3230 755 2 with with ADP cjal-3230 755 3 little little ADJ cjal-3230 755 4 experience experience NOUN cjal-3230 755 5 and and CCONJ cjal-3230 755 6 apparently apparently ADV cjal-3230 755 7 little little ADJ cjal-3230 755 8 fiscal fiscal ADJ cjal-3230 755 9 discipline discipline NOUN cjal-3230 755 10 began begin VERB cjal-3230 755 11 to to PART cjal-3230 755 12 spend spend VERB cjal-3230 755 13 money money NOUN cjal-3230 755 14 that that PRON cjal-3230 755 15 they they PRON cjal-3230 755 16 could could AUX cjal-3230 755 17 not not PART cjal-3230 755 18 repay repay VERB cjal-3230 755 19 in in ADP cjal-3230 755 20 the the DET cjal-3230 755 21 short short ADJ cjal-3230 755 22 or or CCONJ cjal-3230 755 23 perceivable perceivable ADJ cjal-3230 755 24 long long ADJ cjal-3230 755 25 term.1 term.1 PROPN cjal-3230 755 26 69 69 NUM cjal-3230 755 27 on on ADP cjal-3230 755 28 the the DET cjal-3230 755 29 creditor creditor NOUN cjal-3230 755 30 side side NOUN cjal-3230 755 31 , , PUNCT cjal-3230 755 32 korean korean ADJ cjal-3230 755 33 banks bank NOUN cjal-3230 755 34 -- -- PUNCT cjal-3230 755 35 per per ADP cjal-3230 755 36 the the DET cjal-3230 755 37 government government NOUN cjal-3230 755 38 's 's PART cjal-3230 755 39 post1997 post1997 NOUN cjal-3230 755 40 government government NOUN cjal-3230 755 41 initiatives initiative NOUN cjal-3230 755 42 -- -- PUNCT cjal-3230 755 43 began begin VERB cjal-3230 755 44 to to PART cjal-3230 755 45 offer offer VERB cjal-3230 755 46 long long ADJ cjal-3230 755 47 lines line NOUN cjal-3230 755 48 of of ADP cjal-3230 755 49 credit credit NOUN cjal-3230 755 50 in in ADP cjal-3230 755 51 the the DET cjal-3230 755 52 forms form NOUN cjal-3230 755 53 of of ADP cjal-3230 755 54 vanilla vanilla NOUN cjal-3230 755 55 loans loan NOUN cjal-3230 755 56 and/or and/or CCONJ cjal-3230 755 57 credit credit NOUN cjal-3230 755 58 cards card NOUN cjal-3230 755 59 to to ADP cjal-3230 755 60 undeserving undeserve VERB cjal-3230 755 61 consumers consumer NOUN cjal-3230 755 62 . . PUNCT cjal-3230 755 63 ' ' PUNCT cjal-3230 756 1 similarly similarly ADV cjal-3230 756 2 , , PUNCT cjal-3230 756 3 the the DET cjal-3230 756 4 anti anti ADJ cjal-3230 756 5 - - ADJ cjal-3230 756 6 speculation speculation ADJ cjal-3230 756 7 laws law NOUN cjal-3230 756 8 could could AUX cjal-3230 756 9 easily easily ADV cjal-3230 756 10 overshoot overshoot VERB cjal-3230 756 11 its its PRON cjal-3230 756 12 stated state VERB cjal-3230 756 13 objectives objective NOUN cjal-3230 756 14 causing cause VERB cjal-3230 756 15 a a DET cjal-3230 756 16 greater great ADJ cjal-3230 756 17 than than SCONJ cjal-3230 756 18 expected expect VERB cjal-3230 756 19 deflation deflation NOUN cjal-3230 756 20 '' '' PUNCT cjal-3230 756 21 of of ADP cjal-3230 756 22 prices price NOUN cjal-3230 756 23 in in ADP cjal-3230 756 24 the the DET cjal-3230 756 25 korean korean ADJ cjal-3230 756 26 real real ADJ cjal-3230 756 27 estate estate NOUN cjal-3230 756 28 markets market NOUN cjal-3230 756 29 . . PUNCT cjal-3230 757 1 once once SCONJ cjal-3230 757 2 investors investor NOUN cjal-3230 757 3 see see VERB cjal-3230 757 4 prices price NOUN cjal-3230 757 5 begin begin VERB cjal-3230 757 6 to to PART cjal-3230 757 7 drop drop VERB cjal-3230 757 8 steadily steadily ADV cjal-3230 757 9 as as ADP cjal-3230 757 10 a a DET cjal-3230 757 11 result result NOUN cjal-3230 757 12 of of ADP cjal-3230 757 13 the the DET cjal-3230 757 14 formal formal ADJ cjal-3230 757 15 passing passing NOUN cjal-3230 757 16 of of ADP cjal-3230 757 17 the the DET cjal-3230 757 18 anti anti ADJ cjal-3230 757 19 - - ADJ cjal-3230 757 20 speculation speculation ADJ cjal-3230 757 21 laws law NOUN cjal-3230 757 22 by by ADP cjal-3230 757 23 the the DET cjal-3230 757 24 national national ADJ cjal-3230 757 25 assembly assembly NOUN cjal-3230 757 26 , , PUNCT cjal-3230 757 27 panic panic NOUN cjal-3230 757 28 can can AUX cjal-3230 757 29 quickly quickly ADV cjal-3230 757 30 ensue ensue VERB cjal-3230 757 31 . . PUNCT cjal-3230 758 1 at at ADP cjal-3230 758 2 first first ADJ cjal-3230 758 3 wealthy wealthy ADJ cjal-3230 758 4 and and CCONJ cjal-3230 758 5 well well ADV cjal-3230 758 6 - - PUNCT cjal-3230 758 7 informed inform VERB cjal-3230 758 8 investors'72 investors'72 PROPN cjal-3230 758 9 would would AUX cjal-3230 758 10 pull pull VERB cjal-3230 758 11 out out ADP cjal-3230 758 12 of of ADP cjal-3230 758 13 real real ADJ cjal-3230 758 14 estate estate NOUN cjal-3230 758 15 , , PUNCT cjal-3230 758 16 quickly quickly ADV cjal-3230 758 17 followed follow VERB cjal-3230 758 18 by by ADP cjal-3230 758 19 less less ADV cjal-3230 758 20 wealthy wealthy ADJ cjal-3230 758 21 everyday everyday ADJ cjal-3230 758 22 investors investor NOUN cjal-3230 758 23 . . PUNCT cjal-3230 759 1 the the DET cjal-3230 759 2 possible possible ADJ cjal-3230 759 3 cumulative cumulative ADJ cjal-3230 759 4 net net ADJ cjal-3230 759 5 effect effect NOUN cjal-3230 759 6 would would AUX cjal-3230 759 7 be be AUX cjal-3230 759 8 a a DET cjal-3230 759 9 rapid rapid ADJ cjal-3230 759 10 downward downward ADJ cjal-3230 759 11 spiral spiral NOUN cjal-3230 759 12 in in ADP cjal-3230 759 13 the the DET cjal-3230 759 14 korean korean ADJ cjal-3230 759 15 real real ADJ cjal-3230 759 16 estate estate NOUN cjal-3230 759 17 market market NOUN cjal-3230 759 18 . . PUNCT cjal-3230 760 1 such such ADJ cjal-3230 760 2 herd herd NOUN cjal-3230 760 3 - - PUNCT cjal-3230 760 4 like like ADJ cjal-3230 760 5 behavior'3 behavior'3 NOUN cjal-3230 760 6 may may AUX cjal-3230 760 7 at at ADP cjal-3230 760 8 first first ADJ cjal-3230 760 9 blush blush NOUN cjal-3230 760 10 appear appear VERB cjal-3230 760 11 " " PUNCT cjal-3230 760 12 irrational irrational ADJ cjal-3230 760 13 " " PUNCT cjal-3230 760 14 , , PUNCT cjal-3230 760 15 but but CCONJ cjal-3230 760 16 upon upon SCONJ cjal-3230 760 17 closer close ADJ cjal-3230 760 18 examination examination NOUN cjal-3230 760 19 , , PUNCT cjal-3230 760 20 such such ADJ cjal-3230 760 21 behavior behavior NOUN cjal-3230 760 22 may may AUX cjal-3230 760 23 well well ADV cjal-3230 760 24 indeed indeed ADV cjal-3230 760 25 be be AUX cjal-3230 760 26 " " PUNCT cjal-3230 760 27 rational rational ADJ cjal-3230 760 28 " " PUNCT cjal-3230 760 29 since since SCONJ cjal-3230 760 30 investors investor NOUN cjal-3230 760 31 168 168 NUM cjal-3230 760 32 this this PRON cjal-3230 760 33 in in ADP cjal-3230 760 34 turn turn NOUN cjal-3230 760 35 led lead VERB cjal-3230 760 36 to to ADP cjal-3230 760 37 the the DET cjal-3230 760 38 current current ADJ cjal-3230 760 39 day day NOUN cjal-3230 760 40 worrisome worrisome ADJ cjal-3230 760 41 high high ADJ cjal-3230 760 42 levels level NOUN cjal-3230 760 43 of of ADP cjal-3230 760 44 personal personal ADJ cjal-3230 760 45 indebtedness indebtedness NOUN cjal-3230 760 46 and and CCONJ cjal-3230 760 47 bankruptcies bankruptcy NOUN cjal-3230 760 48 . . PUNCT cjal-3230 761 1 this this DET cjal-3230 761 2 reality reality NOUN cjal-3230 761 3 ran run VERB cjal-3230 761 4 counter counter ADV cjal-3230 761 5 to to ADP cjal-3230 761 6 the the DET cjal-3230 761 7 policy policy NOUN cjal-3230 761 8 assumption assumption NOUN cjal-3230 761 9 that that SCONJ cjal-3230 761 10 the the DET cjal-3230 761 11 confucian confucian ADJ cjal-3230 761 12 ideals ideal NOUN cjal-3230 761 13 of of ADP cjal-3230 761 14 honor honor NOUN cjal-3230 761 15 and and CCONJ cjal-3230 761 16 discipline discipline NOUN cjal-3230 761 17 that that PRON cjal-3230 761 18 many many ADJ cjal-3230 761 19 believe believe VERB cjal-3230 761 20 often often ADV cjal-3230 761 21 epitomize epitomize VERB cjal-3230 761 22 korean korean ADJ cjal-3230 761 23 society society NOUN cjal-3230 761 24 would would AUX cjal-3230 761 25 prevent prevent VERB cjal-3230 761 26 payment payment NOUN cjal-3230 761 27 defaults default NOUN cjal-3230 761 28 . . PUNCT cjal-3230 762 1 as as SCONJ cjal-3230 762 2 it it PRON cjal-3230 762 3 turned turn VERB cjal-3230 762 4 out out ADP cjal-3230 762 5 , , PUNCT cjal-3230 762 6 this this DET cjal-3230 762 7 assumption assumption NOUN cjal-3230 762 8 was be AUX cjal-3230 762 9 simply simply ADV cjal-3230 762 10 wrong wrong ADJ cjal-3230 762 11 . . PUNCT cjal-3230 763 1 169 169 NUM cjal-3230 763 2 in in ADP cjal-3230 763 3 a a DET cjal-3230 763 4 2003 2003 NUM cjal-3230 763 5 survey survey NOUN cjal-3230 763 6 by by ADP cjal-3230 763 7 the the DET cjal-3230 763 8 bank bank PROPN cjal-3230 763 9 of of ADP cjal-3230 763 10 korea korea PROPN cjal-3230 763 11 ( ( PUNCT cjal-3230 763 12 " " PUNCT cjal-3230 763 13 bok bok NOUN cjal-3230 763 14 " " PUNCT cjal-3230 763 15 ) ) PUNCT cjal-3230 763 16 of of ADP cjal-3230 763 17 nearly nearly ADV cjal-3230 763 18 780 780 NUM cjal-3230 763 19 bank bank NOUN cjal-3230 763 20 customers customer NOUN cjal-3230 763 21 , , PUNCT cjal-3230 763 22 credit credit NOUN cjal-3230 763 23 card card NOUN cjal-3230 763 24 payments payment NOUN cjal-3230 763 25 were be AUX cjal-3230 763 26 the the DET cjal-3230 763 27 most most ADV cjal-3230 763 28 popular popular ADJ cjal-3230 763 29 form form NOUN cjal-3230 763 30 of of ADP cjal-3230 763 31 payment payment NOUN cjal-3230 763 32 method method NOUN cjal-3230 763 33 . . PUNCT cjal-3230 764 1 further far ADV cjal-3230 764 2 , , PUNCT cjal-3230 764 3 bok bok PROPN cjal-3230 764 4 economist economist PROPN cjal-3230 764 5 ji ji PROPN cjal-3230 764 6 - - PROPN cjal-3230 764 7 ho ho PROPN cjal-3230 764 8 lee lee PROPN cjal-3230 764 9 noted note VERB cjal-3230 764 10 that that SCONJ cjal-3230 764 11 south south PROPN cjal-3230 764 12 koreans koreans PROPN cjal-3230 764 13 avoided avoid VERB cjal-3230 764 14 using use VERB cjal-3230 764 15 cash cash NOUN cjal-3230 764 16 advance advance NOUN cjal-3230 764 17 services service NOUN cjal-3230 764 18 in in ADP cjal-3230 764 19 an an DET cjal-3230 764 20 effort effort NOUN cjal-3230 764 21 to to PART cjal-3230 764 22 " " PUNCT cjal-3230 764 23 control control VERB cjal-3230 764 24 spending spending NOUN cjal-3230 764 25 " " PUNCT cjal-3230 764 26 . . PUNCT cjal-3230 765 1 see see VERB cjal-3230 765 2 jaekyoung jaekyoung PROPN cjal-3230 765 3 kim kim PROPN cjal-3230 765 4 , , PUNCT cjal-3230 765 5 koreans koreans PROPN cjal-3230 765 6 have have VERB cjal-3230 765 7 3.9 3.9 NUM cjal-3230 765 8 credit credit NOUN cjal-3230 765 9 cards card NOUN cjal-3230 765 10 on on ADP cjal-3230 765 11 average average ADJ cjal-3230 765 12 . . PUNCT cjal-3230 766 1 korea korea PROPN cjal-3230 766 2 times times PROPN cjal-3230 766 3 , , PUNCT cjal-3230 766 4 january january PROPN cjal-3230 766 5 6 6 NUM cjal-3230 766 6 , , PUNCT cjal-3230 766 7 2004 2004 NUM cjal-3230 766 8 , , PUNCT cjal-3230 766 9 at at ADP cjal-3230 766 10 11 11 NUM cjal-3230 766 11 . . PUNCT cjal-3230 767 1 " " PUNCT cjal-3230 767 2 7 7 NUM cjal-3230 767 3 one one NUM cjal-3230 767 4 reason reason NOUN cjal-3230 767 5 for for ADP cjal-3230 767 6 this this PRON cjal-3230 767 7 is be AUX cjal-3230 767 8 that that SCONJ cjal-3230 767 9 current current ADJ cjal-3230 767 10 korean korean ADJ cjal-3230 767 11 law law NOUN cjal-3230 767 12 does do AUX cjal-3230 767 13 not not PART cjal-3230 767 14 readily readily ADV cjal-3230 767 15 allow allow VERB cjal-3230 767 16 creditors creditor NOUN cjal-3230 767 17 to to PART cjal-3230 767 18 gain gain VERB cjal-3230 767 19 access access NOUN cjal-3230 767 20 to to ADP cjal-3230 767 21 individual individual ADJ cjal-3230 767 22 credit credit NOUN cjal-3230 767 23 history history NOUN cjal-3230 767 24 , , PUNCT cjal-3230 767 25 and and CCONJ cjal-3230 767 26 further far ADV cjal-3230 767 27 , , PUNCT cjal-3230 767 28 no no DET cjal-3230 767 29 truly truly ADV cjal-3230 767 30 comprehensive comprehensive ADJ cjal-3230 767 31 and and CCONJ cjal-3230 767 32 centralized centralized ADJ cjal-3230 767 33 credit credit NOUN cjal-3230 767 34 - - PUNCT cjal-3230 767 35 reporting report VERB cjal-3230 767 36 agency agency NOUN cjal-3230 767 37 currently currently ADV cjal-3230 767 38 exists exist VERB cjal-3230 767 39 in in ADP cjal-3230 767 40 korea korea PROPN cjal-3230 767 41 similar similar ADJ cjal-3230 767 42 to to ADP cjal-3230 767 43 such such ADJ cjal-3230 767 44 agencies agency NOUN cjal-3230 767 45 like like ADP cjal-3230 767 46 trw trw PROPN cjal-3230 767 47 in in ADP cjal-3230 767 48 the the DET cjal-3230 767 49 u.s u.s PROPN cjal-3230 767 50 .. .. PROPN cjal-3230 767 51 a a DET cjal-3230 767 52 very very ADV cjal-3230 767 53 well well ADV cjal-3230 767 54 publicized publicize VERB cjal-3230 767 55 example example NOUN cjal-3230 767 56 of of ADP cjal-3230 767 57 such such ADJ cjal-3230 767 58 problems problem NOUN cjal-3230 767 59 on on ADP cjal-3230 767 60 the the DET cjal-3230 767 61 creditor creditor NOUN cjal-3230 767 62 side side NOUN cjal-3230 767 63 can can AUX cjal-3230 767 64 be be AUX cjal-3230 767 65 seen see VERB cjal-3230 767 66 with with ADP cjal-3230 767 67 lg lg NOUN cjal-3230 767 68 card card NOUN cjal-3230 767 69 , , PUNCT cjal-3230 767 70 a a DET cjal-3230 767 71 division division NOUN cjal-3230 767 72 of of ADP cjal-3230 767 73 the the DET cjal-3230 767 74 lg lg PROPN cjal-3230 767 75 group group NOUN cjal-3230 767 76 conglomerate conglomerate NOUN cjal-3230 767 77 , , PUNCT cjal-3230 767 78 which which PRON cjal-3230 767 79 is be AUX cjal-3230 767 80 in in ADP cjal-3230 767 81 process process NOUN cjal-3230 767 82 of of ADP cjal-3230 767 83 seeking seek VERB cjal-3230 767 84 reorganization reorganization NOUN cjal-3230 767 85 and/or and/or CCONJ cjal-3230 767 86 bankruptcy bankruptcy NOUN cjal-3230 767 87 . . PUNCT cjal-3230 768 1 to to PART cjal-3230 768 2 quote quote VERB cjal-3230 768 3 a a DET cjal-3230 768 4 source source NOUN cjal-3230 768 5 , , PUNCT cjal-3230 768 6 " " PUNCT cjal-3230 768 7 lg lg NOUN cjal-3230 768 8 card card NOUN cjal-3230 768 9 which which PRON cjal-3230 768 10 has have VERB cjal-3230 768 11 more more ADJ cjal-3230 768 12 than than ADP cjal-3230 768 13 a a DET cjal-3230 768 14 million million NUM cjal-3230 768 15 customers customer NOUN cjal-3230 768 16 , , PUNCT cjal-3230 768 17 is be AUX cjal-3230 768 18 teetering teeter VERB cjal-3230 768 19 on on ADP cjal-3230 768 20 the the DET cjal-3230 768 21 brink brink NOUN cjal-3230 768 22 of of ADP cjal-3230 768 23 a a DET cjal-3230 768 24 liquidity liquidity NOUN cjal-3230 768 25 crisis crisis NOUN cjal-3230 768 26 , , PUNCT cjal-3230 768 27 and and CCONJ cjal-3230 768 28 it it PRON cjal-3230 768 29 is be AUX cjal-3230 768 30 expected expect VERB cjal-3230 768 31 to to PART cjal-3230 768 32 suffer suffer VERB cjal-3230 768 33 a a DET cjal-3230 768 34 shortage shortage NOUN cjal-3230 768 35 of of ADP cjal-3230 768 36 about about ADV cjal-3230 768 37 400 400 NUM cjal-3230 768 38 billion billion NUM cjal-3230 768 39 won win VERB cjal-3230 768 40 today today NOUN cjal-3230 768 41 in in ADP cjal-3230 768 42 cash cash NOUN cjal-3230 768 43 alone alone ADV cjal-3230 768 44 . . PUNCT cjal-3230 769 1 government government NOUN cjal-3230 769 2 officials official NOUN cjal-3230 769 3 are be AUX cjal-3230 769 4 fretting fret VERB cjal-3230 769 5 over over ADP cjal-3230 769 6 the the DET cjal-3230 769 7 worst bad ADJ cjal-3230 769 8 - - PUNCT cjal-3230 769 9 case case NOUN cjal-3230 769 10 scenario scenario NOUN cjal-3230 769 11 , , PUNCT cjal-3230 769 12 under under ADP cjal-3230 769 13 which which PRON cjal-3230 769 14 the the DET cjal-3230 769 15 collapse collapse NOUN cjal-3230 769 16 of of ADP cjal-3230 769 17 lg lg NOUN cjal-3230 769 18 card card NOUN cjal-3230 769 19 would would AUX cjal-3230 769 20 have have VERB cjal-3230 769 21 a a DET cjal-3230 769 22 domino domino NOUN cjal-3230 769 23 effect effect NOUN cjal-3230 769 24 on on ADP cjal-3230 769 25 the the DET cjal-3230 769 26 entire entire ADJ cjal-3230 769 27 financial financial ADJ cjal-3230 769 28 market market NOUN cjal-3230 769 29 . . PUNCT cjal-3230 769 30 " " PUNCT cjal-3230 770 1 chi chi ADJ cjal-3230 770 2 - - PUNCT cjal-3230 770 3 dong dong PROPN cjal-3230 770 4 , , PUNCT cjal-3230 770 5 lee lee PROPN cjal-3230 770 6 , , PUNCT cjal-3230 770 7 banks bank NOUN cjal-3230 770 8 to to PART cjal-3230 770 9 decide decide VERB cjal-3230 770 10 fate fate NOUN cjal-3230 770 11 of of ADP cjal-3230 770 12 lg lg NOUN cjal-3230 770 13 card card NOUN cjal-3230 770 14 today today NOUN cjal-3230 770 15 , , PUNCT cjal-3230 770 16 korea korea PROPN cjal-3230 770 17 times times PROPN cjal-3230 770 18 , , PUNCT cjal-3230 770 19 january january PROPN cjal-3230 770 20 5 5 NUM cjal-3230 770 21 , , PUNCT cjal-3230 770 22 2004 2004 NUM cjal-3230 770 23 , , PUNCT cjal-3230 770 24 at at ADP cjal-3230 770 25 15 15 NUM cjal-3230 770 26 . . PUNCT cjal-3230 770 27 171 171 NUM cjal-3230 770 28 see see VERB cjal-3230 770 29 i i PRON cjal-3230 770 30 d. d. PROPN cjal-3230 770 31 at at ADP cjal-3230 770 32 378 378 NUM cjal-3230 770 33 172 172 NUM cjal-3230 770 34 the the DET cjal-3230 770 35 1998 1998 NUM cjal-3230 770 36 russian russian ADJ cjal-3230 770 37 crisis crisis NOUN cjal-3230 770 38 is be AUX cjal-3230 770 39 a a DET cjal-3230 770 40 classic classic ADJ cjal-3230 770 41 example example NOUN cjal-3230 770 42 of of ADP cjal-3230 770 43 high high ADJ cjal-3230 770 44 - - PUNCT cjal-3230 770 45 end end NOUN cjal-3230 770 46 investor investor NOUN cjal-3230 770 47 flight flight NOUN cjal-3230 770 48 . . PUNCT cjal-3230 771 1 during during ADP cjal-3230 771 2 events event NOUN cjal-3230 771 3 leading lead VERB cjal-3230 771 4 up up ADP cjal-3230 771 5 to to ADP cjal-3230 771 6 the the DET cjal-3230 771 7 russian russian ADJ cjal-3230 771 8 crisis crisis NOUN cjal-3230 771 9 , , PUNCT cjal-3230 771 10 the the DET cjal-3230 771 11 ruble ruble NOUN cjal-3230 771 12 exchange exchange NOUN cjal-3230 771 13 rate rate NOUN cjal-3230 771 14 came come VERB cjal-3230 771 15 under under ADP cjal-3230 771 16 " " PUNCT cjal-3230 771 17 severe severe ADJ cjal-3230 771 18 pressure pressure NOUN cjal-3230 771 19 as as ADP cjal-3230 771 20 capital capital NOUN cjal-3230 771 21 flight flight NOUN cjal-3230 771 22 by by ADP cjal-3230 771 23 wealthy wealthy ADJ cjal-3230 771 24 russians russians PROPN cjal-3230 771 25 led lead VERB cjal-3230 771 26 to to ADP cjal-3230 771 27 large large ADJ cjal-3230 771 28 sales sale NOUN cjal-3230 771 29 of of ADP cjal-3230 771 30 rubles ruble NOUN cjal-3230 771 31 for for ADP cjal-3230 771 32 foreign foreign ADJ cjal-3230 771 33 currencies currency NOUN cjal-3230 771 34 . . PUNCT cjal-3230 771 35 " " PUNCT cjal-3230 772 1 see see VERB cjal-3230 772 2 pugel pugel NOUN cjal-3230 772 3 at at ADP cjal-3230 772 4 530 530 NUM cjal-3230 772 5 - - SYM cjal-3230 772 6 531 531 NUM cjal-3230 772 7 . . PUNCT cjal-3230 773 1 during during ADP cjal-3230 773 2 the the DET cjal-3230 773 3 last last ADJ cjal-3230 773 4 half half NOUN cjal-3230 773 5 of of ADP cjal-3230 773 6 1998 1998 NUM cjal-3230 773 7 , , PUNCT cjal-3230 773 8 investor investor NOUN cjal-3230 773 9 confidence confidence NOUN cjal-3230 773 10 dropped drop VERB cjal-3230 773 11 with with ADP cjal-3230 773 12 downward downward ADJ cjal-3230 773 13 selling selling NOUN cjal-3230 773 14 pressure pressure NOUN cjal-3230 773 15 on on ADP cjal-3230 773 16 both both CCONJ cjal-3230 773 17 the the DET cjal-3230 773 18 russian russian ADJ cjal-3230 773 19 equities equity NOUN cjal-3230 773 20 and and CCONJ cjal-3230 773 21 debt debt NOUN cjal-3230 773 22 markets market NOUN cjal-3230 773 23 . . PUNCT cjal-3230 774 1 i i PRON cjal-3230 774 2 d. d. PROPN cjal-3230 774 3 173 173 NUM cjal-3230 774 4 " " PUNCT cjal-3230 774 5 electronic electronic ADJ cjal-3230 774 6 herd herd NOUN cjal-3230 774 7 " " PUNCT cjal-3230 774 8 was be AUX cjal-3230 774 9 discussed discuss VERB cjal-3230 774 10 in in ADP cjal-3230 774 11 thomas thomas PROPN cjal-3230 774 12 l. l. PROPN cjal-3230 774 13 friedman friedman PROPN cjal-3230 774 14 's 's PART cjal-3230 774 15 the the DET cjal-3230 774 16 lexus lexus PROPN cjal-3230 774 17 and and CCONJ cjal-3230 774 18 the the DET cjal-3230 774 19 olive olive NOUN cjal-3230 774 20 tree tree NOUN cjal-3230 774 21 , , PUNCT cjal-3230 774 22 as as SCONJ cjal-3230 774 23 it it PRON cjal-3230 774 24 related relate VERB cjal-3230 774 25 to to ADP cjal-3230 774 26 global global ADJ cjal-3230 774 27 investors investor NOUN cjal-3230 774 28 . . PUNCT cjal-3230 775 1 in in ADP cjal-3230 775 2 his his PRON cjal-3230 775 3 text text NOUN cjal-3230 775 4 , , PUNCT cjal-3230 775 5 friedman friedman PROPN cjal-3230 775 6 explained explain VERB cjal-3230 775 7 that that SCONJ cjal-3230 775 8 " " PUNCT cjal-3230 775 9 the the DET cjal-3230 775 10 global global ADJ cjal-3230 775 11 market market NOUN cjal-3230 775 12 has have AUX cjal-3230 775 13 become become VERB cjal-3230 775 14 an an DET cjal-3230 775 15 electronic electronic ADJ cjal-3230 775 16 herd herd NOUN cjal-3230 775 17 of of ADP cjal-3230 775 18 anonymous anonymous ADJ cjal-3230 775 19 traders trader NOUN cjal-3230 775 20 and and CCONJ cjal-3230 775 21 investors investor NOUN cjal-3230 775 22 connected connect VERB cjal-3230 775 23 by by ADP cjal-3230 775 24 screens screen NOUN cjal-3230 775 25 and and CCONJ cjal-3230 775 26 networks network NOUN cjal-3230 775 27 . . PUNCT cjal-3230 775 28 " " PUNCT cjal-3230 776 1 these these DET cjal-3230 776 2 electronic electronic ADJ cjal-3230 776 3 herds herd NOUN cjal-3230 776 4 invested invest VERB cjal-3230 776 5 globally globally ADV cjal-3230 776 6 to to PART cjal-3230 776 7 seek seek VERB cjal-3230 776 8 short short ADJ cjal-3230 776 9 - - PUNCT cjal-3230 776 10 term term NOUN cjal-3230 776 11 gain gain NOUN cjal-3230 776 12 . . PUNCT cjal-3230 777 1 see see VERB cjal-3230 777 2 thomas thomas PROPN cjal-3230 777 3 l. l. PROPN cjal-3230 777 4 friedman friedman PROPN cjal-3230 777 5 the the DET cjal-3230 777 6 lexus lexus PROPN cjal-3230 777 7 and and CCONJ cjal-3230 777 8 the the DET cjal-3230 777 9 olive olive NOUN cjal-3230 777 10 tree tree NOUN cjal-3230 777 11 13 13 NUM cjal-3230 777 12 ( ( PUNCT cjal-3230 777 13 first first ADJ cjal-3230 777 14 anchor anchor NOUN cjal-3230 777 15 books book NOUN cjal-3230 777 16 , , PUNCT cjal-3230 777 17 2000 2000 NUM cjal-3230 777 18 ) ) PUNCT cjal-3230 777 19 2004 2004 NUM cjal-3230 777 20 ] ] PUNCT cjal-3230 777 21 columbia columbia PROPN cjal-3230 777 22 journal journal PROPN cjal-3230 777 23 of of ADP cjal-3230 777 24 asian asian PROPN cjal-3230 777 25 la la PROPN cjal-3230 777 26 w w PROPN cjal-3230 777 27 are be AUX cjal-3230 777 28 pulling pull VERB cjal-3230 777 29 out out ADP cjal-3230 777 30 of of ADP cjal-3230 777 31 their their PRON cjal-3230 777 32 investments investment NOUN cjal-3230 777 33 in in ADP cjal-3230 777 34 an an DET cjal-3230 777 35 effort effort NOUN cjal-3230 777 36 to to PART cjal-3230 777 37 mitigate mitigate VERB cjal-3230 777 38 potential potential ADJ cjal-3230 777 39 losses loss NOUN cjal-3230 777 40 . . PUNCT cjal-3230 778 1 on on ADP cjal-3230 778 2 a a DET cjal-3230 778 3 more more ADV cjal-3230 778 4 macro macro ADJ cjal-3230 778 5 and and CCONJ cjal-3230 778 6 global global ADJ cjal-3230 778 7 scale scale NOUN cjal-3230 778 8 , , PUNCT cjal-3230 778 9 such such DET cjal-3230 778 10 a a DET cjal-3230 778 11 downward downward ADJ cjal-3230 778 12 spiral spiral NOUN cjal-3230 778 13 in in ADP cjal-3230 778 14 the the DET cjal-3230 778 15 real real ADJ cjal-3230 778 16 estate estate NOUN cjal-3230 778 17 market market NOUN cjal-3230 778 18 could could AUX cjal-3230 778 19 also also ADV cjal-3230 778 20 conceivably conceivably ADV cjal-3230 778 21 trigger trigger VERB cjal-3230 778 22 a a DET cjal-3230 778 23 possible possible ADJ cjal-3230 778 24 slowdown slowdown NOUN cjal-3230 778 25 in in ADP cjal-3230 778 26 the the DET cjal-3230 778 27 korean korean ADJ cjal-3230 778 28 economy economy NOUN cjal-3230 778 29 and/or and/or CCONJ cjal-3230 778 30 reverse reverse VERB cjal-3230 778 31 any any DET cjal-3230 778 32 economic economic ADJ cjal-3230 778 33 recovery recovery NOUN cjal-3230 778 34 hoped hope VERB cjal-3230 778 35 for for ADP cjal-3230 778 36 in in ADP cjal-3230 778 37 fiscal fiscal ADJ cjal-3230 778 38 year year NOUN cjal-3230 778 39 2004.17 2004.17 NUM cjal-3230 778 40 ' ' PART cjal-3230 778 41 global global ADJ cjal-3230 778 42 investors investor NOUN cjal-3230 778 43 monitoring monitor VERB cjal-3230 778 44 these these DET cjal-3230 778 45 events event NOUN cjal-3230 778 46 offshore offshore ADV cjal-3230 778 47 may may AUX cjal-3230 778 48 then then ADV cjal-3230 778 49 decide decide VERB cjal-3230 778 50 to to PART cjal-3230 778 51 pull pull VERB cjal-3230 778 52 out out ADP cjal-3230 778 53 of of ADP cjal-3230 778 54 korea korea PROPN cjal-3230 778 55 altogether altogether ADV cjal-3230 778 56 because because SCONJ cjal-3230 778 57 of of ADP cjal-3230 778 58 the the DET cjal-3230 778 59 perceived perceive VERB cjal-3230 778 60 uncertain uncertain ADJ cjal-3230 778 61 investment investment NOUN cjal-3230 778 62 environment environment NOUN cjal-3230 778 63 . . PUNCT cjal-3230 779 1 investors investor NOUN cjal-3230 779 2 , , PUNCT cjal-3230 779 3 both both CCONJ cjal-3230 779 4 domestic domestic ADJ cjal-3230 779 5 and and CCONJ cjal-3230 779 6 foreign foreign ADJ cjal-3230 779 7 , , PUNCT cjal-3230 779 8 would would AUX cjal-3230 779 9 then then ADV cjal-3230 779 10 exchange exchange VERB cjal-3230 779 11 krw krw PROPN cjal-3230 779 12 for for ADP cjal-3230 779 13 u.s u.s PROPN cjal-3230 779 14 . . PROPN cjal-3230 779 15 dollars dollar NOUN cjal-3230 779 16 , , PUNCT cjal-3230 779 17 putting put VERB cjal-3230 779 18 massive massive ADJ cjal-3230 779 19 downward downward ADJ cjal-3230 779 20 pressure pressure NOUN cjal-3230 779 21 on on ADP cjal-3230 779 22 korea korea PROPN cjal-3230 779 23 's 's PART cjal-3230 779 24 domestic domestic ADJ cjal-3230 779 25 currency currency NOUN cjal-3230 779 26 . . PUNCT cjal-3230 780 1 5 5 NUM cjal-3230 780 2 the the DET cjal-3230 780 3 bank bank PROPN cjal-3230 780 4 of of ADP cjal-3230 780 5 korea korea PROPN cjal-3230 780 6 would would AUX cjal-3230 780 7 be be AUX cjal-3230 780 8 forced force VERB cjal-3230 780 9 to to PART cjal-3230 780 10 defend defend VERB cjal-3230 780 11 its its PRON cjal-3230 780 12 currency currency NOUN cjal-3230 780 13 by by ADP cjal-3230 780 14 buying buy VERB cjal-3230 780 15 korean korean PROPN cjal-3230 780 16 won win VERB cjal-3230 780 17 and and CCONJ cjal-3230 780 18 selling sell VERB cjal-3230 780 19 foreign foreign ADJ cjal-3230 780 20 currency currency NOUN cjal-3230 780 21 , , PUNCT cjal-3230 780 22 thus thus ADV cjal-3230 780 23 depleting deplete VERB cjal-3230 780 24 its its PRON cjal-3230 780 25 badly badly ADV cjal-3230 780 26 needed need VERB cjal-3230 780 27 foreign foreign ADJ cjal-3230 780 28 currency currency NOUN cjal-3230 780 29 reserves reserve NOUN cjal-3230 780 30 . . PUNCT cjal-3230 781 1 " " PUNCT cjal-3230 781 2 ' ' PUNCT cjal-3230 781 3 as as SCONJ cjal-3230 781 4 investors investor NOUN cjal-3230 781 5 witness witness VERB cjal-3230 781 6 these these DET cjal-3230 781 7 events event NOUN cjal-3230 781 8 in in ADP cjal-3230 781 9 korea korea PROPN cjal-3230 781 10 , , PUNCT cjal-3230 781 11 they they PRON cjal-3230 781 12 may may AUX cjal-3230 781 13 then then ADV cjal-3230 781 14 become become VERB cjal-3230 781 15 fearful fearful ADJ cjal-3230 781 16 of of ADP cjal-3230 781 17 all all PRON cjal-3230 781 18 their their PRON cjal-3230 781 19 investments investment NOUN cjal-3230 781 20 in in ADP cjal-3230 781 21 asia asia PROPN cjal-3230 781 22 , , PUNCT cjal-3230 781 23 such such ADJ cjal-3230 781 24 as as ADP cjal-3230 781 25 in in ADP cjal-3230 781 26 mainland mainland PROPN cjal-3230 781 27 china china PROPN cjal-3230 781 28 , , PUNCT cjal-3230 781 29 indonesia indonesia PROPN cjal-3230 781 30 , , PUNCT cjal-3230 781 31 and and CCONJ cjal-3230 781 32 thailand thailand PROPN cjal-3230 781 33 , , PUNCT cjal-3230 781 34 as as ADV cjal-3230 781 35 well well ADV cjal-3230 781 36 as as ADP cjal-3230 781 37 in in ADP cjal-3230 781 38 seemingly seemingly ADV cjal-3230 781 39 unrelated unrelated ADJ cjal-3230 781 40 emerging emerge VERB cjal-3230 781 41 markets market NOUN cjal-3230 781 42 , , PUNCT cjal-3230 781 43 such such ADJ cjal-3230 781 44 as as ADP cjal-3230 781 45 in in ADP cjal-3230 781 46 south south PROPN cjal-3230 781 47 america america PROPN cjal-3230 781 48 and and CCONJ cjal-3230 781 49 eastern eastern PROPN cjal-3230 781 50 europe europe PROPN cjal-3230 781 51 . . PUNCT cjal-3230 782 1 the the DET cjal-3230 782 2 possible possible ADJ cjal-3230 782 3 net net ADJ cjal-3230 782 4 effect effect NOUN cjal-3230 782 5 here here ADV cjal-3230 782 6 would would AUX cjal-3230 782 7 be be AUX cjal-3230 782 8 worldwide worldwide ADJ cjal-3230 782 9 global global ADJ cjal-3230 782 10 contagion contagion NOUN cjal-3230 782 11 highly highly ADV cjal-3230 782 12 analogous analogous ADJ cjal-3230 782 13 to to ADP cjal-3230 782 14 the the DET cjal-3230 782 15 1997 1997 NUM cjal-3230 782 16 asian asian ADJ cjal-3230 782 17 financial financial ADJ cjal-3230 782 18 crisis crisis NOUN cjal-3230 782 19 . . PUNCT cjal-3230 783 1 the the DET cjal-3230 783 2 seventh seventh ADJ cjal-3230 783 3 broad broad ADJ cjal-3230 783 4 risk risk NOUN cjal-3230 783 5 is be AUX cjal-3230 783 6 that that SCONJ cjal-3230 783 7 the the DET cjal-3230 783 8 sudden sudden ADJ cjal-3230 783 9 government government NOUN cjal-3230 783 10 intervention intervention NOUN cjal-3230 783 11 into into ADP cjal-3230 783 12 the the DET cjal-3230 783 13 real real ADJ cjal-3230 783 14 estate estate NOUN cjal-3230 783 15 markets market NOUN cjal-3230 783 16 could could AUX cjal-3230 783 17 un un VERB cjal-3230 783 18 - - ADJ cjal-3230 783 19 nerve nerve ADJ cjal-3230 783 20 investors investor NOUN cjal-3230 783 21 as as SCONJ cjal-3230 783 22 it it PRON cjal-3230 783 23 relates relate VERB cjal-3230 783 24 to to ADP cjal-3230 783 25 investments investment NOUN cjal-3230 783 26 in in ADP cjal-3230 783 27 either either CCONJ cjal-3230 783 28 related related ADJ cjal-3230 783 29 or or CCONJ cjal-3230 783 30 even even ADV cjal-3230 783 31 seemingly seemingly ADV cjal-3230 783 32 unrelated unrelated ADJ cjal-3230 783 33 domestic domestic ADJ cjal-3230 783 34 financial financial ADJ cjal-3230 783 35 markets market NOUN cjal-3230 783 36 . . PUNCT cjal-3230 784 1 such such ADJ cjal-3230 784 2 domestic domestic ADJ cjal-3230 784 3 markets market NOUN cjal-3230 784 4 may may AUX cjal-3230 784 5 include include VERB cjal-3230 784 6 , , PUNCT cjal-3230 784 7 but but CCONJ cjal-3230 784 8 not not PART cjal-3230 784 9 be be AUX cjal-3230 784 10 limited limit VERB cjal-3230 784 11 to to ADP cjal-3230 784 12 , , PUNCT cjal-3230 784 13 the the DET cjal-3230 784 14 equities equity NOUN cjal-3230 784 15 markets market NOUN cjal-3230 784 16 ( ( PUNCT cjal-3230 784 17 i.e. i.e. X cjal-3230 784 18 , , PUNCT cjal-3230 784 19 kospi kospi NOUN cjal-3230 784 20 / / SYM cjal-3230 784 21 kosdaq kosdaq PROPN cjal-3230 784 22 ) ) PUNCT cjal-3230 784 23 , , PUNCT cjal-3230 784 24 bond bond NOUN cjal-3230 784 25 markets market NOUN cjal-3230 784 26 ( ( PUNCT cjal-3230 784 27 most most ADV cjal-3230 784 28 notably notably ADV cjal-3230 784 29 high high ADJ cjal-3230 784 30 - - PUNCT cjal-3230 784 31 profile profile NOUN cjal-3230 784 32 corporate corporate ADJ cjal-3230 784 33 debt debt NOUN cjal-3230 784 34 ) ) PUNCT cjal-3230 784 35 , , PUNCT cjal-3230 784 36 and and CCONJ cjal-3230 784 37 the the DET cjal-3230 784 38 foreign foreign ADJ cjal-3230 784 39 exchange exchange NOUN cjal-3230 784 40 ( ( PUNCT cjal-3230 784 41 fx fx NOUN cjal-3230 784 42 ) ) PUNCT cjal-3230 784 43 markets market NOUN cjal-3230 784 44 . . PUNCT cjal-3230 784 45 ' ' PUNCT cjal-3230 785 1 as as ADP cjal-3230 785 2 an an DET cjal-3230 785 3 example example NOUN cjal-3230 785 4 of of ADP cjal-3230 785 5 how how SCONJ cjal-3230 785 6 the the DET cjal-3230 785 7 korean korean ADJ cjal-3230 785 8 markets market NOUN cjal-3230 785 9 could could AUX cjal-3230 785 10 be be AUX cjal-3230 785 11 unsettled unsettle VERB cjal-3230 785 12 by by ADP cjal-3230 785 13 foreign foreign ADJ cjal-3230 785 14 investor investor NOUN cjal-3230 785 15 sentiment sentiment NOUN cjal-3230 785 16 alone alone ADV cjal-3230 785 17 , , PUNCT cjal-3230 785 18 foreign foreign ADJ cjal-3230 785 19 investors investor NOUN cjal-3230 785 20 made make VERB cjal-3230 785 21 up up ADP cjal-3230 785 22 5.24 5.24 NUM cjal-3230 785 23 % % NOUN cjal-3230 785 24 of of ADP cjal-3230 785 25 the the DET cjal-3230 785 26 total total ADJ cjal-3230 785 27 stock stock NOUN cjal-3230 785 28 trading trading NOUN cjal-3230 785 29 value value NOUN cjal-3230 785 30 in in ADP cjal-3230 785 31 the the DET cjal-3230 785 32 korean korean ADJ cjal-3230 785 33 equity equity NOUN cjal-3230 785 34 markets market NOUN cjal-3230 785 35 in in ADP cjal-3230 785 36 1999,78 1999,78 NUM cjal-3230 785 37 with with ADP cjal-3230 785 38 174 174 NUM cjal-3230 785 39 the the DET cjal-3230 785 40 reason reason NOUN cjal-3230 785 41 for for ADP cjal-3230 785 42 this this PRON cjal-3230 785 43 is be AUX cjal-3230 785 44 that that SCONJ cjal-3230 785 45 investors investor NOUN cjal-3230 785 46 pulling pull VERB cjal-3230 785 47 out out ADP cjal-3230 785 48 of of ADP cjal-3230 785 49 real real ADJ cjal-3230 785 50 estate estate NOUN cjal-3230 785 51 would would AUX cjal-3230 785 52 be be AUX cjal-3230 785 53 fearful fearful ADJ cjal-3230 785 54 of of ADP cjal-3230 785 55 reinvesting reinveste VERB cjal-3230 785 56 into into ADP cjal-3230 785 57 the the DET cjal-3230 785 58 equity equity NOUN cjal-3230 785 59 or or CCONJ cjal-3230 785 60 bond bond NOUN cjal-3230 785 61 markets market NOUN cjal-3230 785 62 because because SCONJ cjal-3230 785 63 neither neither DET cjal-3230 785 64 market market NOUN cjal-3230 785 65 would would AUX cjal-3230 785 66 appear appear VERB cjal-3230 785 67 attractive attractive ADJ cjal-3230 785 68 , , PUNCT cjal-3230 785 69 and and CCONJ cjal-3230 785 70 would would AUX cjal-3230 785 71 instead instead ADV cjal-3230 785 72 hold hold VERB cjal-3230 785 73 their their PRON cjal-3230 785 74 money money NOUN cjal-3230 785 75 in in ADP cjal-3230 785 76 the the DET cjal-3230 785 77 form form NOUN cjal-3230 785 78 of of ADP cjal-3230 785 79 savings saving NOUN cjal-3230 785 80 deposits deposit NOUN cjal-3230 785 81 or or CCONJ cjal-3230 785 82 similar similar ADJ cjal-3230 785 83 risk risk NOUN cjal-3230 785 84 - - PUNCT cjal-3230 785 85 averse averse ADJ cjal-3230 785 86 instruments instrument NOUN cjal-3230 785 87 . . PUNCT cjal-3230 785 88 ' ' PUNCT cjal-3230 786 1 see see VERB cjal-3230 786 2 j. j. PROPN cjal-3230 786 3 orlin orlin PROPN cjal-3230 786 4 grabbe grabbe PROPN cjal-3230 786 5 international international ADJ cjal-3230 786 6 financial financial ADJ cjal-3230 786 7 markets market NOUN cjal-3230 786 8 436 436 NUM cjal-3230 786 9 - - SYM cjal-3230 786 10 441 441 NUM cjal-3230 786 11 ( ( PUNCT cjal-3230 786 12 prentice prentice PROPN cjal-3230 786 13 hall hall PROPN cjal-3230 786 14 international international PROPN cjal-3230 786 15 , , PUNCT cjal-3230 786 16 inc inc PROPN cjal-3230 786 17 . . PROPN cjal-3230 786 18 , , PUNCT cjal-3230 786 19 3"d.ed 3"d.ed NUM cjal-3230 786 20 . . NUM cjal-3230 786 21 , , PUNCT cjal-3230 786 22 1996 1996 NUM cjal-3230 786 23 ) ) PUNCT cjal-3230 786 24 176 176 NUM cjal-3230 786 25 this this PRON cjal-3230 786 26 is be AUX cjal-3230 786 27 one one NUM cjal-3230 786 28 of of ADP cjal-3230 786 29 the the DET cjal-3230 786 30 defensive defensive ADJ cjal-3230 786 31 actions action NOUN cjal-3230 786 32 , , PUNCT cjal-3230 786 33 which which PRON cjal-3230 786 34 can can AUX cjal-3230 786 35 be be AUX cjal-3230 786 36 initiated initiate VERB cjal-3230 786 37 by by ADP cjal-3230 786 38 the the DET cjal-3230 786 39 central central ADJ cjal-3230 786 40 bank bank NOUN cjal-3230 786 41 . . PUNCT cjal-3230 787 1 see see VERB cjal-3230 787 2 chou chou PROPN cjal-3230 787 3 son son PROPN cjal-3230 787 4 , , PUNCT cjal-3230 787 5 jung jung PROPN cjal-3230 787 6 wun wun PROPN cjal-3230 787 7 chan chan PROPN cjal-3230 787 8 , , PUNCT cjal-3230 787 9 and and CCONJ cjal-3230 787 10 jeun jeun PROPN cjal-3230 787 11 sung sing VERB cjal-3230 787 12 in in ADP cjal-3230 787 13 , , PUNCT cjal-3230 787 14 9i 9i NUM cjal-3230 787 15 principles principle NOUN cjal-3230 787 16 of of ADP cjal-3230 787 17 economics economic NOUN cjal-3230 787 18 , , PUNCT cjal-3230 787 19 664 664 NUM cjal-3230 787 20 - - SYM cjal-3230 787 21 671 671 NUM cjal-3230 787 22 ( ( PUNCT cjal-3230 787 23 yulgokbooks yulgokbook NOUN cjal-3230 787 24 , , PUNCT cjal-3230 787 25 7th 7th ADJ cjal-3230 787 26 ed ed NOUN cjal-3230 787 27 . . PROPN cjal-3230 787 28 , , PUNCT cjal-3230 787 29 2003 2003 NUM cjal-3230 787 30 ) ) PUNCT cjal-3230 787 31 . . PUNCT cjal-3230 788 1 117 117 NUM cjal-3230 788 2 in in ADP cjal-3230 788 3 terms term NOUN cjal-3230 788 4 of of ADP cjal-3230 788 5 investors investor NOUN cjal-3230 788 6 being be AUX cjal-3230 788 7 driven drive VERB cjal-3230 788 8 from from ADP cjal-3230 788 9 real real ADJ cjal-3230 788 10 estate estate NOUN cjal-3230 788 11 property property NOUN cjal-3230 788 12 markets market NOUN cjal-3230 788 13 to to ADP cjal-3230 788 14 other other ADJ cjal-3230 788 15 areas area NOUN cjal-3230 788 16 , , PUNCT cjal-3230 788 17 one one NUM cjal-3230 788 18 notable notable ADJ cjal-3230 788 19 trend trend NOUN cjal-3230 788 20 following follow VERB cjal-3230 788 21 the the DET cjal-3230 788 22 recent recent ADJ cjal-3230 788 23 october october PROPN cjal-3230 788 24 29 29 NUM cjal-3230 788 25 , , PUNCT cjal-3230 788 26 2003 2003 NUM cjal-3230 788 27 anti anti ADJ cjal-3230 788 28 - - ADJ cjal-3230 788 29 speculation speculation ADJ cjal-3230 788 30 proposals proposal NOUN cjal-3230 788 31 is be AUX cjal-3230 788 32 the the DET cjal-3230 788 33 shift shift NOUN cjal-3230 788 34 of of ADP cjal-3230 788 35 money money NOUN cjal-3230 788 36 into into ADP cjal-3230 788 37 the the DET cjal-3230 788 38 land land NOUN cjal-3230 788 39 market market NOUN cjal-3230 788 40 ( ( PUNCT cjal-3230 788 41 as as SCONJ cjal-3230 788 42 opposed oppose VERB cjal-3230 788 43 to to ADP cjal-3230 788 44 the the DET cjal-3230 788 45 real real ADJ cjal-3230 788 46 estate estate NOUN cjal-3230 788 47 property property NOUN cjal-3230 788 48 markets market NOUN cjal-3230 788 49 ) ) PUNCT cjal-3230 788 50 . . PUNCT cjal-3230 789 1 korean korean ADJ cjal-3230 789 2 investors investor NOUN cjal-3230 789 3 are be AUX cjal-3230 789 4 investing invest VERB cjal-3230 789 5 in in ADP cjal-3230 789 6 land land NOUN cjal-3230 789 7 in in ADP cjal-3230 789 8 areas area NOUN cjal-3230 789 9 surrounding surround VERB cjal-3230 789 10 metropolitan metropolitan ADJ cjal-3230 789 11 areas area NOUN cjal-3230 789 12 and and CCONJ cjal-3230 789 13 speculation speculation NOUN cjal-3230 789 14 zones zone NOUN cjal-3230 789 15 , , PUNCT cjal-3230 789 16 where where SCONJ cjal-3230 789 17 large large ADJ cjal-3230 789 18 developments development NOUN cjal-3230 789 19 plans plan NOUN cjal-3230 789 20 are be AUX cjal-3230 789 21 thought think VERB cjal-3230 789 22 to to PART cjal-3230 789 23 begin begin VERB cjal-3230 789 24 . . PUNCT cjal-3230 790 1 such such ADJ cjal-3230 790 2 land land NOUN cjal-3230 790 3 is be AUX cjal-3230 790 4 at at ADP cjal-3230 790 5 times time NOUN cjal-3230 790 6 traded trade VERB cjal-3230 790 7 at at ADP cjal-3230 790 8 auctions auction NOUN cjal-3230 790 9 , , PUNCT cjal-3230 790 10 where where SCONJ cjal-3230 790 11 bidding bidding NOUN cjal-3230 790 12 prices price NOUN cjal-3230 790 13 soar soar VERB cjal-3230 790 14 up up ADP cjal-3230 790 15 to to ADP cjal-3230 790 16 twice twice DET cjal-3230 790 17 that that PRON cjal-3230 790 18 of of ADP cjal-3230 790 19 face face NOUN cjal-3230 790 20 value value NOUN cjal-3230 790 21 . . PUNCT cjal-3230 791 1 thus thus ADV cjal-3230 791 2 , , PUNCT cjal-3230 791 3 in in ADP cjal-3230 791 4 this this DET cjal-3230 791 5 sense sense NOUN cjal-3230 791 6 , , PUNCT cjal-3230 791 7 even even ADV cjal-3230 791 8 assuming assume VERB cjal-3230 791 9 the the DET cjal-3230 791 10 anti anti ADJ cjal-3230 791 11 - - ADJ cjal-3230 791 12 speculation speculation ADJ cjal-3230 791 13 laws law NOUN cjal-3230 791 14 did do AUX cjal-3230 791 15 counter counter VERB cjal-3230 791 16 the the DET cjal-3230 791 17 real real ADJ cjal-3230 791 18 estate estate NOUN cjal-3230 791 19 property property NOUN cjal-3230 791 20 " " PUNCT cjal-3230 791 21 bubble bubble NOUN cjal-3230 791 22 " " PUNCT cjal-3230 791 23 , , PUNCT cjal-3230 791 24 its its PRON cjal-3230 791 25 legislation legislation NOUN cjal-3230 791 26 has have AUX cjal-3230 791 27 subsequently subsequently ADV cjal-3230 791 28 and and CCONJ cjal-3230 791 29 directly directly ADV cjal-3230 791 30 created create VERB cjal-3230 791 31 the the DET cjal-3230 791 32 beginning beginning NOUN cjal-3230 791 33 of of ADP cjal-3230 791 34 a a DET cjal-3230 791 35 new new ADJ cjal-3230 791 36 real real ADJ cjal-3230 791 37 estate estate NOUN cjal-3230 791 38 land land NOUN cjal-3230 791 39 " " PUNCT cjal-3230 791 40 bubble bubble NOUN cjal-3230 791 41 " " PUNCT cjal-3230 791 42 . . PUNCT cjal-3230 792 1 see see VERB cjal-3230 792 2 bvung bvung ADJ cjal-3230 792 3 - - PUNCT cjal-3230 792 4 ioon ioon NOUN cjal-3230 792 5 koh koh PROPN cjal-3230 792 6 , , PUNCT cjal-3230 792 7 housing housing NOUN cjal-3230 792 8 prices price NOUN cjal-3230 792 9 seen see VERB cjal-3230 792 10 dropping drop VERB cjal-3230 792 11 3 3 NUM cjal-3230 792 12 - - SYM cjal-3230 792 13 5 5 NUM cjal-3230 792 14 % % NOUN cjal-3230 792 15 korea korea PROPN cjal-3230 792 16 herald herald PROPN cjal-3230 792 17 , , PUNCT cjal-3230 792 18 january january PROPN cjal-3230 792 19 28 28 NUM cjal-3230 792 20 , , PUNCT cjal-3230 792 21 2004 2004 NUM cjal-3230 792 22 , , PUNCT cjal-3230 792 23 at at ADP cjal-3230 792 24 18 18 NUM cjal-3230 792 25 . . NOUN cjal-3230 792 26 178 178 NUM cjal-3230 792 27 see see VERB cjal-3230 792 28 korea korea PROPN cjal-3230 792 29 stock stock PROPN cjal-3230 792 30 exchange exchange PROPN cjal-3230 792 31 , , PUNCT cjal-3230 792 32 stock stock NOUN cjal-3230 792 33 trading trading NOUN cjal-3230 792 34 value value NOUN cjal-3230 792 35 by by ADP cjal-3230 792 36 investor investor NOUN cjal-3230 792 37 group group NOUN cjal-3230 792 38 available available ADJ cjal-3230 792 39 at at ADP cjal-3230 792 40 [ [ X cjal-3230 792 41 18:1 18:1 NUM cjal-3230 792 42 anti anti ADJ cjal-3230 792 43 - - ADJ cjal-3230 792 44 specula specula ADJ cjal-3230 792 45 tion tion NOUN cjal-3230 792 46 laws law NOUN cjal-3230 792 47 and and CCONJ cjal-3230 792 48 their their PRON cjal-3230 792 49 impact impact NOUN cjal-3230 792 50 the the DET cjal-3230 792 51 figure figure NOUN cjal-3230 792 52 increasing increase VERB cjal-3230 792 53 to to ADP cjal-3230 792 54 16.73 16.73 NUM cjal-3230 792 55 percent percent NOUN cjal-3230 792 56 in in ADP cjal-3230 792 57 2003.179 2003.179 NUM cjal-3230 792 58 the the DET cjal-3230 792 59 eighth eighth ADJ cjal-3230 792 60 broad broad ADJ cjal-3230 792 61 risk risk NOUN cjal-3230 792 62 is be AUX cjal-3230 792 63 that that SCONJ cjal-3230 792 64 increasing increase VERB cjal-3230 792 65 the the DET cjal-3230 792 66 tax tax NOUN cjal-3230 792 67 burden burden NOUN cjal-3230 792 68 on on ADP cjal-3230 792 69 individuals individual NOUN cjal-3230 792 70 during during ADP cjal-3230 792 71 a a DET cjal-3230 792 72 time time NOUN cjal-3230 792 73 of of ADP cjal-3230 792 74 recession recession NOUN cjal-3230 792 75 or or CCONJ cjal-3230 792 76 recession recession NOUN cjal-3230 792 77 - - PUNCT cjal-3230 792 78 like like ADJ cjal-3230 792 79 conditions condition NOUN cjal-3230 792 80 as as ADP cjal-3230 792 81 in in ADP cjal-3230 792 82 the the DET cjal-3230 792 83 case case NOUN cjal-3230 792 84 of of ADP cjal-3230 792 85 korea korea PROPN cjal-3230 792 86 , , PUNCT cjal-3230 792 87 can can AUX cjal-3230 792 88 greatly greatly ADV cjal-3230 792 89 exacerbate exacerbate VERB cjal-3230 792 90 efforts effort NOUN cjal-3230 792 91 to to PART cjal-3230 792 92 spur spur VERB cjal-3230 792 93 domestic domestic ADJ cjal-3230 792 94 consumption consumption NOUN cjal-3230 792 95 because because SCONJ cjal-3230 792 96 individuals individual NOUN cjal-3230 792 97 will will AUX cjal-3230 792 98 have have VERB cjal-3230 792 99 relatively relatively ADV cjal-3230 792 100 less less ADV cjal-3230 792 101 disposable disposable ADJ cjal-3230 792 102 income'8 income'8 NUM cjal-3230 792 103 ° ° NUM cjal-3230 792 104 to to PART cjal-3230 792 105 spend spend VERB cjal-3230 792 106 on on ADP cjal-3230 792 107 domestic domestic ADJ cjal-3230 792 108 goods good NOUN cjal-3230 792 109 and and CCONJ cjal-3230 792 110 services service NOUN cjal-3230 792 111 , , PUNCT cjal-3230 792 112 which which PRON cjal-3230 792 113 may may AUX cjal-3230 792 114 very very ADV cjal-3230 792 115 well well ADV cjal-3230 792 116 act act VERB cjal-3230 792 117 to to PART cjal-3230 792 118 protract protract VERB cjal-3230 792 119 not not PART cjal-3230 792 120 spur spur VERB cjal-3230 792 121 macroeconomic macroeconomic ADJ cjal-3230 792 122 growth growth NOUN cjal-3230 792 123 . . PUNCT cjal-3230 793 1 for for ADP cjal-3230 793 2 example example NOUN cjal-3230 793 3 , , PUNCT cjal-3230 793 4 the the DET cjal-3230 793 5 antispeculation antispeculation NOUN cjal-3230 793 6 law law NOUN cjal-3230 793 7 acts act VERB cjal-3230 793 8 to to PART cjal-3230 793 9 curb curb VERB cjal-3230 793 10 real real ADJ cjal-3230 793 11 estate estate NOUN cjal-3230 793 12 investment investment NOUN cjal-3230 793 13 by by ADP cjal-3230 793 14 dramatically dramatically ADV cjal-3230 793 15 increasing increase VERB cjal-3230 793 16 the the DET cjal-3230 793 17 transfer transfer NOUN cjal-3230 793 18 income income NOUN cjal-3230 793 19 tax tax NOUN cjal-3230 793 20 rate rate NOUN cjal-3230 793 21 by by ADP cjal-3230 793 22 60 60 NUM cjal-3230 793 23 % % NOUN cjal-3230 793 24 for for ADP cjal-3230 793 25 individuals individual NOUN cjal-3230 793 26 owning own VERB cjal-3230 793 27 more more ADJ cjal-3230 793 28 than than ADP cjal-3230 793 29 three three NUM cjal-3230 793 30 homes home NOUN cjal-3230 793 31 , , PUNCT cjal-3230 793 32 with with ADP cjal-3230 793 33 a a DET cjal-3230 793 34 maximum maximum ADJ cjal-3230 793 35 transfer transfer NOUN cjal-3230 793 36 income income NOUN cjal-3230 793 37 tax tax NOUN cjal-3230 793 38 rate rate NOUN cjal-3230 793 39 on on ADP cjal-3230 793 40 multiple multiple ADJ cjal-3230 793 41 homeowners homeowner NOUN cjal-3230 793 42 of of ADP cjal-3230 793 43 82.5 82.5 NUM cjal-3230 793 44 % % NOUN cjal-3230 793 45 . . PUNCT cjal-3230 794 1 " " PUNCT cjal-3230 794 2 ' ' PUNCT cjal-3230 794 3 even even ADV cjal-3230 794 4 assuming assume VERB cjal-3230 794 5 that that SCONJ cjal-3230 794 6 the the DET cjal-3230 794 7 government government NOUN cjal-3230 794 8 should should AUX cjal-3230 794 9 play play VERB cjal-3230 794 10 the the DET cjal-3230 794 11 role role NOUN cjal-3230 794 12 of of ADP cjal-3230 794 13 market market NOUN cjal-3230 794 14 commentator commentator NOUN cjal-3230 794 15 , , PUNCT cjal-3230 794 16 one one NUM cjal-3230 794 17 way way NOUN cjal-3230 794 18 that that PRON cjal-3230 794 19 the the DET cjal-3230 794 20 government government NOUN cjal-3230 794 21 can can AUX cjal-3230 794 22 send send VERB cjal-3230 794 23 out out ADP cjal-3230 794 24 market market NOUN cjal-3230 794 25 signals'82 signals'82 NOUN cjal-3230 794 26 is be AUX cjal-3230 794 27 to to PART cjal-3230 794 28 cut cut VERB cjal-3230 794 29 taxes taxis NOUN cjal-3230 794 30 in in ADP cjal-3230 794 31 certain certain ADJ cjal-3230 794 32 residential residential ADJ cjal-3230 794 33 zones zone NOUN cjal-3230 794 34 , , PUNCT cjal-3230 794 35 rather rather ADV cjal-3230 794 36 than than ADP cjal-3230 794 37 increasing increase VERB cjal-3230 794 38 taxes taxis NOUN cjal-3230 794 39 in in ADP cjal-3230 794 40 others other NOUN cjal-3230 794 41 . . PUNCT cjal-3230 795 1 and and CCONJ cjal-3230 795 2 as as ADP cjal-3230 795 3 an an DET cjal-3230 795 4 alternative alternative NOUN cjal-3230 795 5 to to ADP cjal-3230 795 6 the the DET cjal-3230 795 7 alternative alternative NOUN cjal-3230 795 8 , , PUNCT cjal-3230 795 9 do do VERB cjal-3230 795 10 both both PRON cjal-3230 795 11 . . PUNCT cjal-3230 796 1 that that PRON cjal-3230 796 2 is is ADV cjal-3230 796 3 , , PUNCT cjal-3230 796 4 cut cut VERB cjal-3230 796 5 taxes taxis NOUN cjal-3230 796 6 in in ADP cjal-3230 796 7 certain certain ADJ cjal-3230 796 8 regions region NOUN cjal-3230 796 9 of of ADP cjal-3230 796 10 seoul seoul PROPN cjal-3230 796 11 while while SCONJ cjal-3230 796 12 at at ADP cjal-3230 796 13 the the DET cjal-3230 796 14 same same ADJ cjal-3230 796 15 time time NOUN cjal-3230 796 16 - - PUNCT cjal-3230 796 17 if if SCONJ cjal-3230 796 18 absolutely absolutely ADV cjal-3230 796 19 necessary necessary ADJ cjal-3230 796 20 and and CCONJ cjal-3230 796 21 assuming assume VERB cjal-3230 796 22 no no DET cjal-3230 796 23 other other ADJ cjal-3230 796 24 viable viable ADJ cjal-3230 796 25 options option NOUN cjal-3230 796 26 exist exist VERB cjal-3230 796 27 - - PUNCT cjal-3230 796 28 also also ADV cjal-3230 796 29 increase increase VERB cjal-3230 796 30 taxes taxis NOUN cjal-3230 796 31 in in ADP cjal-3230 796 32 certain certain ADJ cjal-3230 796 33 target target NOUN cjal-3230 796 34 regions region NOUN cjal-3230 796 35 of of ADP cjal-3230 796 36 seoul seoul PROPN cjal-3230 796 37 . . PUNCT cjal-3230 797 1 in in ADP cjal-3230 797 2 this this DET cjal-3230 797 3 scenario scenario NOUN cjal-3230 797 4 , , PUNCT cjal-3230 797 5 tax tax NOUN cjal-3230 797 6 burdens burden NOUN cjal-3230 797 7 can can AUX cjal-3230 797 8 perceivably perceivably ADV cjal-3230 797 9 net net VERB cjal-3230 797 10 out out ADP cjal-3230 797 11 at at ADP cjal-3230 797 12 zero zero NUM cjal-3230 797 13 , , PUNCT cjal-3230 797 14 thus thus ADV cjal-3230 797 15 achieving achieve VERB cjal-3230 797 16 the the DET cjal-3230 797 17 government government NOUN cjal-3230 797 18 's 's PART cjal-3230 797 19 objective objective NOUN cjal-3230 797 20 of of ADP cjal-3230 797 21 signaling signal VERB cjal-3230 797 22 exactly exactly ADV cjal-3230 797 23 where where SCONJ cjal-3230 797 24 investors investor NOUN cjal-3230 797 25 should should AUX cjal-3230 797 26 invest invest VERB cjal-3230 797 27 their their PRON cjal-3230 797 28 money money NOUN cjal-3230 797 29 without without ADP cjal-3230 797 30 imposing impose VERB cjal-3230 797 31 any any DET cjal-3230 797 32 additional additional ADJ cjal-3230 797 33 tax tax NOUN cjal-3230 797 34 burden burden NOUN cjal-3230 797 35 on on ADP cjal-3230 797 36 its its PRON cjal-3230 797 37 residents resident NOUN cjal-3230 797 38 . . PUNCT cjal-3230 798 1 one one NUM cjal-3230 798 2 additional additional ADJ cjal-3230 798 3 consideration consideration NOUN cjal-3230 798 4 in in ADP cjal-3230 798 5 the the DET cjal-3230 798 6 analysis analysis NOUN cjal-3230 798 7 is be AUX cjal-3230 798 8 that that SCONJ cjal-3230 798 9 the the DET cjal-3230 798 10 broad broad ADJ cjal-3230 798 11 risks risk NOUN cjal-3230 798 12 outlined outline VERB cjal-3230 798 13 above above ADV cjal-3230 798 14 should should AUX cjal-3230 798 15 not not PART cjal-3230 798 16 be be AUX cjal-3230 798 17 assumed assume VERB cjal-3230 798 18 to to PART cjal-3230 798 19 be be AUX cjal-3230 798 20 mutually mutually ADV cjal-3230 798 21 exclusive exclusive ADJ cjal-3230 798 22 . . PUNCT cjal-3230 799 1 '83 '83 NUM cjal-3230 799 2 one one NUM cjal-3230 799 3 or or CCONJ cjal-3230 799 4 more more ADJ cjal-3230 799 5 of of ADP cjal-3230 799 6 the the DET cjal-3230 799 7 broad broad ADJ cjal-3230 799 8 risks risk NOUN cjal-3230 799 9 outlined outline VERB cjal-3230 799 10 may may AUX cjal-3230 799 11 occur occur VERB cjal-3230 799 12 simultaneously simultaneously ADV cjal-3230 799 13 or or CCONJ cjal-3230 799 14 nearsimultaneously nearsimultaneously ADV cjal-3230 799 15 . . PUNCT cjal-3230 800 1 when when SCONJ cjal-3230 800 2 investor investor NOUN cjal-3230 800 3 confidence confidence NOUN cjal-3230 800 4 weakens weaken VERB cjal-3230 800 5 , , PUNCT cjal-3230 800 6 a a DET cjal-3230 800 7 panic panic NOUN cjal-3230 800 8 mentality mentality NOUN cjal-3230 800 9 can can AUX cjal-3230 800 10 quickly quickly ADV cjal-3230 800 11 engulf engulf VERB cjal-3230 800 12 the the DET cjal-3230 800 13 markets market NOUN cjal-3230 800 14 as as ADP cjal-3230 800 15 a a DET cjal-3230 800 16 whole whole NOUN cjal-3230 800 17 , , PUNCT cjal-3230 800 18 and and CCONJ cjal-3230 800 19 may may AUX cjal-3230 800 20 seemingly seemingly ADV cjal-3230 800 21 override override VERB cjal-3230 800 22 http://www.kse.or.kr/webkor/tongltong http://www.kse.or.kr/webkor/tongltong ADP cjal-3230 800 23 index.isp index.isp PROPN cjal-3230 800 24 . . NOUN cjal-3230 801 1 179 179 NUM cjal-3230 801 2 see see VERB cjal-3230 801 3 i i PRON cjal-3230 801 4 d. d. PROPN cjal-3230 801 5 the the DET cjal-3230 801 6 figure figure NOUN cjal-3230 801 7 is be AUX cjal-3230 801 8 based base VERB cjal-3230 801 9 on on ADP cjal-3230 801 10 stock stock NOUN cjal-3230 801 11 trading trading NOUN cjal-3230 801 12 value value NOUN cjal-3230 801 13 by by ADP cjal-3230 801 14 investor investor NOUN cjal-3230 801 15 group group NOUN cjal-3230 801 16 . . PUNCT cjal-3230 802 1 ' ' NUM cjal-3230 802 2 80 80 NUM cjal-3230 802 3 regarding regard VERB cjal-3230 802 4 disposable disposable ADJ cjal-3230 802 5 income income NOUN cjal-3230 803 1 , , PUNCT cjal-3230 803 2 " " PUNCT cjal-3230 803 3 domestic domestic ADJ cjal-3230 803 4 disposable disposable ADJ cjal-3230 803 5 income income NOUN cjal-3230 803 6 is be AUX cjal-3230 803 7 influencing influence VERB cjal-3230 803 8 the the DET cjal-3230 803 9 current current ADJ cjal-3230 803 10 account account NOUN cjal-3230 803 11 . . PUNCT cjal-3230 804 1 since since SCONJ cjal-3230 804 2 a a DET cjal-3230 804 3 rise rise NOUN cjal-3230 804 4 in in ADP cjal-3230 804 5 domestic domestic ADJ cjal-3230 804 6 disposable disposable ADJ cjal-3230 804 7 income income NOUN cjal-3230 804 8 causes cause VERB cjal-3230 804 9 domestic domestic ADJ cjal-3230 804 10 consumers consumer NOUN cjal-3230 804 11 to to PART cjal-3230 804 12 increase increase VERB cjal-3230 804 13 their their PRON cjal-3230 804 14 spending spending NOUN cjal-3230 804 15 on on ADP cjal-3230 804 16 all all DET cjal-3230 804 17 goods good NOUN cjal-3230 804 18 , , PUNCT cjal-3230 804 19 an an DET cjal-3230 804 20 increase increase NOUN cjal-3230 804 21 in in ADP cjal-3230 804 22 disposable disposable ADJ cjal-3230 804 23 income income NOUN cjal-3230 804 24 worsens worsen VERB cjal-3230 804 25 the the DET cjal-3230 804 26 current current ADJ cjal-3230 804 27 account account NOUN cjal-3230 804 28 , , PUNCT cjal-3230 804 29 other other ADJ cjal-3230 804 30 things thing NOUN cjal-3230 804 31 being be AUX cjal-3230 804 32 equal equal ADJ cjal-3230 804 33 . . PUNCT cjal-3230 804 34 " " PUNCT cjal-3230 805 1 see see VERB cjal-3230 805 2 krugman krugman PROPN cjal-3230 805 3 at at ADP cjal-3230 805 4 437 437 NUM cjal-3230 805 5 . . PUNCT cjal-3230 806 1 181 181 NUM cjal-3230 806 2 see see NOUN cjal-3230 806 3 staff staff NOUN cjal-3230 806 4 writer writer NOUN cjal-3230 806 5 , , PUNCT cjal-3230 806 6 real real ADJ cjal-3230 806 7 estate estate NOUN cjal-3230 806 8 speculation speculation NOUN cjal-3230 806 9 , , PUNCT cjal-3230 806 10 korea korea PROPN cjal-3230 806 11 times times PROPN cjal-3230 806 12 , , PUNCT cjal-3230 806 13 january january PROPN cjal-3230 806 14 1 1 NUM cjal-3230 806 15 , , PUNCT cjal-3230 806 16 2004 2004 NUM cjal-3230 806 17 , , PUNCT cjal-3230 806 18 at at ADP cjal-3230 806 19 5 5 NUM cjal-3230 806 20 . . NOUN cjal-3230 806 21 182 182 NUM cjal-3230 806 22 political political ADJ cjal-3230 806 23 scientists scientist NOUN cjal-3230 806 24 rawls rawl VERB cjal-3230 806 25 and and CCONJ cjal-3230 806 26 nozick nozick PROPN cjal-3230 806 27 present present VERB cjal-3230 806 28 us we PRON cjal-3230 806 29 with with ADP cjal-3230 806 30 two two NUM cjal-3230 806 31 different different ADJ cjal-3230 806 32 principles principle NOUN cjal-3230 806 33 about about ADP cjal-3230 806 34 the the DET cjal-3230 806 35 role role NOUN cjal-3230 806 36 of of ADP cjal-3230 806 37 government government NOUN cjal-3230 806 38 . . PUNCT cjal-3230 807 1 rawls rawls PROPN cjal-3230 807 2 focuses focus VERB cjal-3230 807 3 on on ADP cjal-3230 807 4 " " PUNCT cjal-3230 807 5 appropriate appropriate ADJ cjal-3230 807 6 regulation regulation NOUN cjal-3230 807 7 " " PUNCT cjal-3230 807 8 to to PART cjal-3230 807 9 ensure ensure VERB cjal-3230 807 10 that that SCONJ cjal-3230 807 11 the the DET cjal-3230 807 12 outcomes outcome NOUN cjal-3230 807 13 of of ADP cjal-3230 807 14 a a DET cjal-3230 807 15 market market NOUN cjal-3230 807 16 economy economy NOUN cjal-3230 807 17 are be AUX cjal-3230 807 18 " " PUNCT cjal-3230 807 19 just just ADV cjal-3230 807 20 " " PUNCT cjal-3230 807 21 . . PUNCT cjal-3230 808 1 see see VERB cjal-3230 808 2 edward edward PROPN cjal-3230 808 3 e e PROPN cjal-3230 808 4 zajac zajac PROPN cjal-3230 808 5 , , PUNCT cjal-3230 808 6 political political ADJ cjal-3230 808 7 economy economy NOUN cjal-3230 808 8 of of ADP cjal-3230 808 9 fairness fairness NOUN cjal-3230 808 10 , , PUNCT cjal-3230 808 11 141 141 NUM cjal-3230 808 12 - - SYM cjal-3230 808 13 142 142 NUM cjal-3230 808 14 ( ( PUNCT cjal-3230 808 15 mit mit PROPN cjal-3230 808 16 press press NOUN cjal-3230 808 17 , , PUNCT cjal-3230 808 18 1995 1995 NUM cjal-3230 808 19 ) ) PUNCT cjal-3230 808 20 . . PUNCT cjal-3230 809 1 however however ADV cjal-3230 809 2 , , PUNCT cjal-3230 809 3 nozick nozick PROPN cjal-3230 809 4 believes believe VERB cjal-3230 809 5 " " PUNCT cjal-3230 809 6 abhorrent abhorrent ADJ cjal-3230 809 7 any any DET cjal-3230 809 8 government government NOUN cjal-3230 809 9 interference interference NOUN cjal-3230 809 10 beyond beyond ADP cjal-3230 809 11 that that PRON cjal-3230 809 12 necessary necessary ADJ cjal-3230 809 13 to to PART cjal-3230 809 14 protect protect VERB cjal-3230 809 15 individuals individual NOUN cjal-3230 809 16 from from ADP cjal-3230 809 17 harms harm NOUN cjal-3230 809 18 inflicted inflict VERB cjal-3230 809 19 by by ADP cjal-3230 809 20 others other NOUN cjal-3230 809 21 . . PUNCT cjal-3230 809 22 " " PUNCT cjal-3230 810 1 i i PRON cjal-3230 810 2 d. d. PROPN cjal-3230 810 3 with with ADP cjal-3230 810 4 these these DET cjal-3230 810 5 two two NUM cjal-3230 810 6 views view NOUN cjal-3230 810 7 of of ADP cjal-3230 810 8 government government NOUN cjal-3230 810 9 role role NOUN cjal-3230 810 10 , , PUNCT cjal-3230 810 11 we we PRON cjal-3230 810 12 can can AUX cjal-3230 810 13 start start VERB cjal-3230 810 14 to to PART cjal-3230 810 15 look look VERB cjal-3230 810 16 the the DET cjal-3230 810 17 goal goal NOUN cjal-3230 810 18 of of ADP cjal-3230 810 19 government government NOUN cjal-3230 810 20 . . PUNCT cjal-3230 811 1 the the DET cjal-3230 811 2 most most ADV cjal-3230 811 3 important important ADJ cjal-3230 811 4 goal goal NOUN cjal-3230 811 5 of of ADP cjal-3230 811 6 government government NOUN cjal-3230 811 7 has have AUX cjal-3230 811 8 been be AUX cjal-3230 811 9 to to PART cjal-3230 811 10 " " PUNCT cjal-3230 811 11 stabilize stabilize VERB cjal-3230 811 12 the the DET cjal-3230 811 13 economy economy NOUN cjal-3230 811 14 " " PUNCT cjal-3230 811 15 with with ADP cjal-3230 811 16 fiscal fiscal ADJ cjal-3230 811 17 and and CCONJ cjal-3230 811 18 monetary monetary ADJ cjal-3230 811 19 policy policy NOUN cjal-3230 811 20 to to PART cjal-3230 811 21 control control VERB cjal-3230 811 22 inflation inflation NOUN cjal-3230 811 23 and and CCONJ cjal-3230 811 24 to to PART cjal-3230 811 25 stimulate stimulate VERB cjal-3230 811 26 the the DET cjal-3230 811 27 economy economy NOUN cjal-3230 811 28 . . PUNCT cjal-3230 812 1 i i PRON cjal-3230 812 2 d. d. VERB cjal-3230 812 3 the the DET cjal-3230 812 4 second second ADJ cjal-3230 812 5 important important ADJ cjal-3230 812 6 goal goal NOUN cjal-3230 812 7 of of ADP cjal-3230 812 8 government government NOUN cjal-3230 812 9 has have AUX cjal-3230 812 10 been be AUX cjal-3230 812 11 to to PART cjal-3230 812 12 redistribute redistribute VERB cjal-3230 812 13 income income NOUN cjal-3230 812 14 to to PART cjal-3230 812 15 achieve achieve VERB cjal-3230 812 16 a a DET cjal-3230 812 17 social social ADJ cjal-3230 812 18 purpose purpose NOUN cjal-3230 812 19 . . PUNCT cjal-3230 813 1 to to PART cjal-3230 813 2 achieve achieve VERB cjal-3230 813 3 these these DET cjal-3230 813 4 goals goal NOUN cjal-3230 813 5 , , PUNCT cjal-3230 813 6 the the DET cjal-3230 813 7 government government NOUN cjal-3230 813 8 has have VERB cjal-3230 813 9 two two NUM cjal-3230 813 10 main main ADJ cjal-3230 813 11 instruments instrument NOUN cjal-3230 813 12 - - PUNCT cjal-3230 813 13 taxes taxis NOUN cjal-3230 813 14 and and CCONJ cjal-3230 813 15 direct direct ADJ cjal-3230 813 16 control control NOUN cjal-3230 813 17 of of ADP cjal-3230 813 18 actions action NOUN cjal-3230 813 19 . . PUNCT cjal-3230 814 1 i i PRON cjal-3230 814 2 d. d. PROPN cjal-3230 814 3 183 183 NUM cjal-3230 814 4 see see VERB cjal-3230 814 5 ross ross PROPN cjal-3230 814 6 , , PUNCT cjal-3230 814 7 westerfield westerfield PROPN cjal-3230 814 8 , , PUNCT cjal-3230 814 9 jaffe jaffe PROPN cjal-3230 814 10 , , PUNCT cjal-3230 814 11 and and CCONJ cjal-3230 814 12 roberts roberts PROPN cjal-3230 814 13 at at ADP cjal-3230 814 14 162 162 NUM cjal-3230 814 15 . . PUNCT cjal-3230 815 1 2004 2004 NUM cjal-3230 815 2 ] ] PUNCT cjal-3230 815 3 columbia columbia PROPN cjal-3230 815 4 journal journal PROPN cjal-3230 815 5 ofasianlaw ofasianlaw NOUN cjal-3230 815 6 " " PUNCT cjal-3230 815 7 rational rational ADJ cjal-3230 815 8 " " PUNCT cjal-3230 815 9 behavioral behavioral ADJ cjal-3230 815 10 tendencies tendency NOUN cjal-3230 815 11 in in ADP cjal-3230 815 12 the the DET cjal-3230 815 13 short short ADJ cjal-3230 815 14 run run NOUN cjal-3230 815 15 . . PUNCT cjal-3230 816 1 84 84 NUM cjal-3230 816 2 x. x. NOUN cjal-3230 816 3 conclusion conclusion NOUN cjal-3230 816 4 the the DET cjal-3230 816 5 anti anti ADJ cjal-3230 816 6 - - ADJ cjal-3230 816 7 speculation speculation ADJ cjal-3230 816 8 laws law NOUN cjal-3230 816 9 may may AUX cjal-3230 816 10 seemingly seemingly ADV cjal-3230 816 11 represent represent VERB cjal-3230 816 12 a a DET cjal-3230 816 13 good good ADJ cjal-3230 816 14 faith faith NOUN cjal-3230 816 15 effort effort NOUN cjal-3230 816 16 on on ADP cjal-3230 816 17 behalf behalf NOUN cjal-3230 816 18 of of ADP cjal-3230 816 19 the the DET cjal-3230 816 20 korean korean ADJ cjal-3230 816 21 government government NOUN cjal-3230 816 22 to to PART cjal-3230 816 23 curb curb VERB cjal-3230 816 24 real real ADJ cjal-3230 816 25 estate estate NOUN cjal-3230 816 26 investment investment NOUN cjal-3230 816 27 speculation speculation NOUN cjal-3230 816 28 . . PUNCT cjal-3230 817 1 however however ADV cjal-3230 817 2 , , PUNCT cjal-3230 817 3 notable notable ADJ cjal-3230 817 4 risks risk NOUN cjal-3230 817 5 and and CCONJ cjal-3230 817 6 increased increase VERB cjal-3230 817 7 tax tax NOUN cjal-3230 817 8 burdens burden NOUN cjal-3230 817 9 exist exist VERB cjal-3230 817 10 ( ( PUNCT cjal-3230 817 11 such such ADJ cjal-3230 817 12 tax tax NOUN cjal-3230 817 13 burdens burden NOUN cjal-3230 817 14 applying apply VERB cjal-3230 817 15 to to ADP cjal-3230 817 16 nearly nearly ADV cjal-3230 817 17 every every PRON cjal-3230 817 18 type type NOUN cjal-3230 817 19 of of ADP cjal-3230 817 20 investor investor NOUN cjal-3230 817 21 , , PUNCT cjal-3230 817 22 not not PART cjal-3230 817 23 only only ADV cjal-3230 817 24 to to PART cjal-3230 817 25 shortterm shortterm VERB cjal-3230 817 26 property property NOUN cjal-3230 817 27 investors investor NOUN cjal-3230 817 28 , , PUNCT cjal-3230 817 29 but but CCONJ cjal-3230 817 30 also also ADV cjal-3230 817 31 to to ADP cjal-3230 817 32 long long ADJ cjal-3230 817 33 - - PUNCT cjal-3230 817 34 term term NOUN cjal-3230 817 35 property property NOUN cjal-3230 817 36 investors investor NOUN cjal-3230 817 37 as as ADV cjal-3230 817 38 well well ADV cjal-3230 817 39 ) ) PUNCT cjal-3230 817 40 which which PRON cjal-3230 817 41 could could AUX cjal-3230 817 42 outweigh outweigh VERB cjal-3230 817 43 the the DET cjal-3230 817 44 benefits benefit NOUN cjal-3230 817 45 of of ADP cjal-3230 817 46 the the DET cjal-3230 817 47 anti anti ADJ cjal-3230 817 48 - - ADJ cjal-3230 817 49 speculation speculation ADJ cjal-3230 817 50 laws law NOUN cjal-3230 817 51 ' ' PART cjal-3230 817 52 objective objective NOUN cjal-3230 817 53 of of ADP cjal-3230 817 54 curbing curb VERB cjal-3230 817 55 perceived perceive VERB cjal-3230 817 56 short short ADJ cjal-3230 817 57 - - PUNCT cjal-3230 817 58 term term NOUN cjal-3230 817 59 property property NOUN cjal-3230 817 60 investment investment NOUN cjal-3230 817 61 speculation speculation NOUN cjal-3230 817 62 . . PUNCT cjal-3230 818 1 as as ADP cjal-3230 818 2 an an DET cjal-3230 818 3 alternative alternative NOUN cjal-3230 818 4 , , PUNCT cjal-3230 818 5 the the DET cjal-3230 818 6 government government NOUN cjal-3230 818 7 may may AUX cjal-3230 818 8 be be AUX cjal-3230 818 9 better well ADV cjal-3230 818 10 served serve VERB cjal-3230 818 11 to to PART cjal-3230 818 12 provide provide VERB cjal-3230 818 13 more more ADV cjal-3230 818 14 specific specific ADJ cjal-3230 818 15 legislation legislation NOUN cjal-3230 818 16 ( ( PUNCT cjal-3230 818 17 i.e. i.e. X cjal-3230 818 18 , , PUNCT cjal-3230 818 19 which which PRON cjal-3230 818 20 increases increase VERB cjal-3230 818 21 property property NOUN cjal-3230 818 22 and and CCONJ cjal-3230 818 23 capital capital NOUN cjal-3230 818 24 gains gain NOUN cjal-3230 818 25 taxes taxis NOUN cjal-3230 818 26 only only ADV cjal-3230 818 27 for for ADP cjal-3230 818 28 " " PUNCT cjal-3230 818 29 short short ADJ cjal-3230 818 30 - - PUNCT cjal-3230 818 31 term term NOUN cjal-3230 818 32 " " PUNCT cjal-3230 818 33 property property NOUN cjal-3230 818 34 investments investment NOUN cjal-3230 818 35 ) ) PUNCT cjal-3230 818 36 and and CCONJ cjal-3230 818 37 in in ADP cjal-3230 818 38 all all DET cjal-3230 818 39 other other ADJ cjal-3230 818 40 cases case NOUN cjal-3230 818 41 , , PUNCT cjal-3230 818 42 reduce reduce VERB cjal-3230 818 43 ( ( PUNCT cjal-3230 818 44 not not PART cjal-3230 818 45 increase increase NOUN cjal-3230 818 46 ) ) PUNCT cjal-3230 818 47 , , PUNCT cjal-3230 818 48 property property NOUN cjal-3230 818 49 and and CCONJ cjal-3230 818 50 capital capital NOUN cjal-3230 818 51 gains gain NOUN cjal-3230 818 52 tax tax NOUN cjal-3230 818 53 obligations obligation NOUN cjal-3230 818 54 to to PART cjal-3230 818 55 serve serve VERB cjal-3230 818 56 as as ADP cjal-3230 818 57 an an DET cjal-3230 818 58 investor investor NOUN cjal-3230 818 59 incentive incentive NOUN cjal-3230 818 60 . . PUNCT cjal-3230 819 1 by by ADP cjal-3230 819 2 doing do VERB cjal-3230 819 3 this this PRON cjal-3230 819 4 , , PUNCT cjal-3230 819 5 tax tax NOUN cjal-3230 819 6 burdens burden NOUN cjal-3230 819 7 are be AUX cjal-3230 819 8 minimized minimize VERB cjal-3230 819 9 and and CCONJ cjal-3230 819 10 property property NOUN cjal-3230 819 11 investment investment NOUN cjal-3230 819 12 incentives incentive NOUN cjal-3230 819 13 are be AUX cjal-3230 819 14 reallocated reallocate VERB cjal-3230 819 15 per per ADP cjal-3230 819 16 the the DET cjal-3230 819 17 government government NOUN cjal-3230 819 18 's 's PART cjal-3230 819 19 objectives objective NOUN cjal-3230 819 20 . . PUNCT cjal-3230 820 1 in in ADP cjal-3230 820 2 conclusion conclusion NOUN cjal-3230 820 3 , , PUNCT cjal-3230 820 4 the the DET cjal-3230 820 5 combination combination NOUN cjal-3230 820 6 of of ADP cjal-3230 820 7 the the DET cjal-3230 820 8 risks risk NOUN cjal-3230 820 9 noted note VERB cjal-3230 820 10 herein herein NOUN cjal-3230 820 11 and and CCONJ cjal-3230 820 12 the the DET cjal-3230 820 13 increased increase VERB cjal-3230 820 14 tax tax NOUN cjal-3230 820 15 burden burden NOUN cjal-3230 820 16 not not PART cjal-3230 820 17 only only ADV cjal-3230 820 18 sends send VERB cjal-3230 820 19 a a DET cjal-3230 820 20 worrisome worrisome ADJ cjal-3230 820 21 policy policy NOUN cjal-3230 820 22 message message NOUN cjal-3230 820 23 that that SCONJ cjal-3230 820 24 ( ( PUNCT cjal-3230 820 25 i i NOUN cjal-3230 820 26 ) ) PUNCT cjal-3230 820 27 the the DET cjal-3230 820 28 government government NOUN cjal-3230 820 29 and and CCONJ cjal-3230 820 30 not not PART cjal-3230 820 31 market market NOUN cjal-3230 820 32 forces force NOUN cjal-3230 820 33 play play VERB cjal-3230 820 34 the the DET cjal-3230 820 35 dominant dominant ADJ cjal-3230 820 36 role role NOUN cjal-3230 820 37 in in ADP cjal-3230 820 38 setting set VERB cjal-3230 820 39 real real ADJ cjal-3230 820 40 estate estate NOUN cjal-3230 820 41 prices price NOUN cjal-3230 820 42 ; ; PUNCT cjal-3230 820 43 ( ( PUNCT cjal-3230 820 44 ii ii NOUN cjal-3230 820 45 ) ) PUNCT cjal-3230 820 46 the the DET cjal-3230 820 47 broad broad ADJ cjal-3230 820 48 measures measure NOUN cjal-3230 820 49 that that PRON cjal-3230 820 50 apply apply VERB cjal-3230 820 51 to to ADP cjal-3230 820 52 most most ADJ cjal-3230 820 53 property property NOUN cjal-3230 820 54 owners owner NOUN cjal-3230 820 55 may may AUX cjal-3230 820 56 be be AUX cjal-3230 820 57 overly overly ADV cjal-3230 820 58 broad broad ADJ cjal-3230 820 59 , , PUNCT cjal-3230 820 60 as as SCONJ cjal-3230 820 61 it it PRON cjal-3230 820 62 applies apply VERB cjal-3230 820 63 not not PART cjal-3230 820 64 just just ADV cjal-3230 820 65 to to ADP cjal-3230 820 66 short short ADJ cjal-3230 820 67 - - PUNCT cjal-3230 820 68 term term NOUN cjal-3230 820 69 investors investor NOUN cjal-3230 820 70 involved involve VERB cjal-3230 820 71 in in ADP cjal-3230 820 72 possible possible ADJ cjal-3230 820 73 speculative speculative ADJ cjal-3230 820 74 investment investment NOUN cjal-3230 820 75 activity activity NOUN cjal-3230 820 76 , , PUNCT cjal-3230 820 77 but but CCONJ cjal-3230 820 78 to to ADP cjal-3230 820 79 the the DET cjal-3230 820 80 majority majority NOUN cjal-3230 820 81 of of ADP cjal-3230 820 82 184 184 NUM cjal-3230 820 83 as as SCONJ cjal-3230 820 84 the the DET cjal-3230 820 85 mantra mantra NOUN cjal-3230 820 86 in in ADP cjal-3230 820 87 the the DET cjal-3230 820 88 financial financial ADJ cjal-3230 820 89 markets market NOUN cjal-3230 820 90 and and CCONJ cjal-3230 820 91 wall wall PROPN cjal-3230 820 92 street street PROPN cjal-3230 820 93 goes go VERB cjal-3230 820 94 , , PUNCT cjal-3230 820 95 only only ADV cjal-3230 820 96 two two NUM cjal-3230 820 97 emotions emotion NOUN cjal-3230 820 98 exist exist VERB cjal-3230 820 99 in in ADP cjal-3230 820 100 the the DET cjal-3230 820 101 markets market NOUN cjal-3230 820 102 , , PUNCT cjal-3230 820 103 " " PUNCT cjal-3230 820 104 greed greed NOUN cjal-3230 820 105 " " PUNCT cjal-3230 820 106 and and CCONJ cjal-3230 820 107 " " PUNCT cjal-3230 820 108 fear fear NOUN cjal-3230 820 109 " " PUNCT cjal-3230 820 110 . . PUNCT cjal-3230 821 1 in in ADP cjal-3230 821 2 this this DET cjal-3230 821 3 respect respect NOUN cjal-3230 821 4 , , PUNCT cjal-3230 821 5 history history NOUN cjal-3230 821 6 has have AUX cjal-3230 821 7 clearly clearly ADV cjal-3230 821 8 demonstrated demonstrate VERB cjal-3230 821 9 that that SCONJ cjal-3230 821 10 it it PRON cjal-3230 821 11 does do AUX cjal-3230 821 12 not not PART cjal-3230 821 13 take take VERB cjal-3230 821 14 much much ADJ cjal-3230 821 15 , , PUNCT cjal-3230 821 16 in in ADP cjal-3230 821 17 substance substance NOUN cjal-3230 821 18 or or CCONJ cjal-3230 821 19 form form NOUN cjal-3230 821 20 , , PUNCT cjal-3230 821 21 to to PART cjal-3230 821 22 go go VERB cjal-3230 821 23 from from ADP cjal-3230 821 24 one one NUM cjal-3230 821 25 extreme extreme NOUN cjal-3230 821 26 to to ADP cjal-3230 821 27 the the DET cjal-3230 821 28 other other ADJ cjal-3230 821 29 . . PUNCT cjal-3230 822 1 history history NOUN cjal-3230 822 2 has have AUX cjal-3230 822 3 also also ADV cjal-3230 822 4 shown show VERB cjal-3230 822 5 that that SCONJ cjal-3230 822 6 government government NOUN cjal-3230 822 7 action action NOUN cjal-3230 822 8 that that PRON cjal-3230 822 9 goes go VERB cjal-3230 822 10 against against ADP cjal-3230 822 11 the the DET cjal-3230 822 12 grain grain NOUN cjal-3230 822 13 of of ADP cjal-3230 822 14 the the DET cjal-3230 822 15 markets market NOUN cjal-3230 822 16 tends tend VERB cjal-3230 822 17 to to PART cjal-3230 822 18 fail fail VERB cjal-3230 822 19 more more ADV cjal-3230 822 20 than than SCONJ cjal-3230 822 21 succeed succeed VERB cjal-3230 822 22 . . PUNCT cjal-3230 823 1 for for ADP cjal-3230 823 2 example example NOUN cjal-3230 823 3 , , PUNCT cjal-3230 823 4 this this DET cjal-3230 823 5 year year NOUN cjal-3230 823 6 alone alone ADV cjal-3230 823 7 , , PUNCT cjal-3230 823 8 the the DET cjal-3230 823 9 bank bank NOUN cjal-3230 823 10 of of ADP cjal-3230 823 11 japan japan PROPN cjal-3230 823 12 ( ( PUNCT cjal-3230 823 13 boj boj PROPN cjal-3230 823 14 ) ) PUNCT cjal-3230 823 15 has have AUX cjal-3230 823 16 spent spend VERB cjal-3230 823 17 nearly nearly ADV cjal-3230 823 18 100 100 NUM cjal-3230 823 19 billion billion NUM cjal-3230 823 20 u.s u.s PROPN cjal-3230 823 21 . . PROPN cjal-3230 823 22 dollar dollar NOUN cjal-3230 823 23 to to PART cjal-3230 823 24 keep keep VERB cjal-3230 823 25 its its PRON cjal-3230 823 26 domestic domestic ADJ cjal-3230 823 27 currency currency NOUN cjal-3230 823 28 , , PUNCT cjal-3230 823 29 the the DET cjal-3230 823 30 japanese japanese ADJ cjal-3230 823 31 yen yen NOUN cjal-3230 823 32 , , PUNCT cjal-3230 823 33 from from ADP cjal-3230 823 34 depreciating depreciate VERB cjal-3230 823 35 further far ADV cjal-3230 823 36 against against ADP cjal-3230 823 37 the the DET cjal-3230 823 38 u.s u.s PROPN cjal-3230 823 39 . . PROPN cjal-3230 823 40 dollar dollar NOUN cjal-3230 823 41 . . PUNCT cjal-3230 824 1 see see VERB cjal-3230 824 2 ronald ronald PROPN cjal-3230 824 3 i. i. PROPN cjal-3230 824 4 mckinno mckinno PROPN cjal-3230 824 5 and and CCONJ cjal-3230 824 6 kenichi kenichi PROPN cjal-3230 824 7 ohno ohno PROPN cjal-3230 824 8 , , PUNCT cjal-3230 824 9 dollar dollar NOUN cjal-3230 824 10 and and CCONJ cjal-3230 824 11 yen yen NOUN cjal-3230 824 12 the the DET cjal-3230 824 13 resolving resolve VERB cjal-3230 824 14 economic economic ADJ cjal-3230 824 15 conflict conflict NOUN cjal-3230 824 16 between between ADP cjal-3230 824 17 united united PROPN cjal-3230 824 18 states states PROPN cjal-3230 824 19 and and CCONJ cjal-3230 824 20 japan japan PROPN cjal-3230 824 21 , , PUNCT cjal-3230 824 22 228 228 NUM cjal-3230 824 23 ( ( PUNCT cjal-3230 824 24 mit mit NOUN cjal-3230 824 25 , , PUNCT cjal-3230 824 26 1997 1997 NUM cjal-3230 824 27 ) ) PUNCT cjal-3230 824 28 . . PUNCT cjal-3230 825 1 the the DET cjal-3230 825 2 monetary monetary ADJ cjal-3230 825 3 policy policy NOUN cjal-3230 825 4 of of ADP cjal-3230 825 5 undervaluing undervalue VERB cjal-3230 825 6 one one NUM cjal-3230 825 7 's 's PART cjal-3230 825 8 domestic domestic ADJ cjal-3230 825 9 currency currency NOUN cjal-3230 825 10 represents represent VERB cjal-3230 825 11 a a DET cjal-3230 825 12 deliberate deliberate ADJ cjal-3230 825 13 and and CCONJ cjal-3230 825 14 overt overt ADJ cjal-3230 825 15 method method NOUN cjal-3230 825 16 by by ADP cjal-3230 825 17 the the DET cjal-3230 825 18 japanese japanese ADJ cjal-3230 825 19 government government NOUN cjal-3230 825 20 to to PART cjal-3230 825 21 help help VERB cjal-3230 825 22 its its PRON cjal-3230 825 23 domestic domestic ADJ cjal-3230 825 24 producers producer NOUN cjal-3230 825 25 boost boost VERB cjal-3230 825 26 exports export NOUN cjal-3230 825 27 by by ADP cjal-3230 825 28 making make VERB cjal-3230 825 29 its its PRON cjal-3230 825 30 products product NOUN cjal-3230 825 31 appear appear VERB cjal-3230 825 32 less less ADV cjal-3230 825 33 expensive expensive ADJ cjal-3230 825 34 relative relative NOUN cjal-3230 825 35 to to ADP cjal-3230 825 36 the the DET cjal-3230 825 37 importing import VERB cjal-3230 825 38 country country NOUN cjal-3230 825 39 's 's PART cjal-3230 825 40 domestic domestic ADJ cjal-3230 825 41 goods good NOUN cjal-3230 825 42 . . PUNCT cjal-3230 826 1 this this DET cjal-3230 826 2 type type NOUN cjal-3230 826 3 of of ADP cjal-3230 826 4 monetary monetary ADJ cjal-3230 826 5 policy policy NOUN cjal-3230 826 6 may may AUX cjal-3230 826 7 seem seem VERB cjal-3230 826 8 fine fine ADJ cjal-3230 826 9 at at ADP cjal-3230 826 10 first first ADJ cjal-3230 826 11 instance instance NOUN cjal-3230 826 12 , , PUNCT cjal-3230 826 13 but but CCONJ cjal-3230 826 14 upon upon SCONJ cjal-3230 826 15 closer close ADJ cjal-3230 826 16 examination examination NOUN cjal-3230 826 17 , , PUNCT cjal-3230 826 18 it it PRON cjal-3230 826 19 is be AUX cjal-3230 826 20 the the DET cjal-3230 826 21 japanese japanese ADJ cjal-3230 826 22 consumer consumer NOUN cjal-3230 826 23 not not PART cjal-3230 826 24 producer producer NOUN cjal-3230 826 25 that that PRON cjal-3230 826 26 pays pay VERB cjal-3230 826 27 for for ADP cjal-3230 826 28 the the DET cjal-3230 826 29 trillions trillion NOUN cjal-3230 826 30 of of ADP cjal-3230 826 31 japanese japanese ADJ cjal-3230 826 32 yen yen NOUN cjal-3230 826 33 to to PART cjal-3230 826 34 fund fund VERB cjal-3230 826 35 japan japan PROPN cjal-3230 826 36 's 's PART cjal-3230 826 37 monetary monetary ADJ cjal-3230 826 38 policy policy NOUN cjal-3230 826 39 . . PUNCT cjal-3230 827 1 taking take VERB cjal-3230 827 2 this this DET cjal-3230 827 3 analysis analysis NOUN cjal-3230 827 4 one one NUM cjal-3230 827 5 step step NOUN cjal-3230 827 6 further far ADV cjal-3230 827 7 , , PUNCT cjal-3230 827 8 one one PRON cjal-3230 827 9 can can AUX cjal-3230 827 10 surmise surmise VERB cjal-3230 827 11 that that SCONJ cjal-3230 827 12 japan japan PROPN cjal-3230 827 13 's 's PART cjal-3230 827 14 overall overall ADJ cjal-3230 827 15 wealth wealth NOUN cjal-3230 827 16 is be AUX cjal-3230 827 17 not not PART cjal-3230 827 18 maximized maximize VERB cjal-3230 827 19 by by ADP cjal-3230 827 20 allocating allocate VERB cjal-3230 827 21 precious precious ADJ cjal-3230 827 22 monetary monetary ADJ cjal-3230 827 23 resources resource NOUN cjal-3230 827 24 from from ADP cjal-3230 827 25 its its PRON cjal-3230 827 26 consumers consumer NOUN cjal-3230 827 27 -- -- PUNCT cjal-3230 827 28 who who PRON cjal-3230 827 29 themselves themselves PRON cjal-3230 827 30 would would AUX cjal-3230 827 31 and and CCONJ cjal-3230 827 32 should should AUX cjal-3230 827 33 be be AUX cjal-3230 827 34 in in ADP cjal-3230 827 35 the the DET cjal-3230 827 36 position position NOUN cjal-3230 827 37 to to PART cjal-3230 827 38 make make VERB cjal-3230 827 39 investment investment NOUN cjal-3230 827 40 decisions decision NOUN cjal-3230 827 41 -- -- PUNCT cjal-3230 827 42 to to ADP cjal-3230 827 43 its its PRON cjal-3230 827 44 large large ADJ cjal-3230 827 45 producers producer NOUN cjal-3230 827 46 . . PUNCT cjal-3230 828 1 one one NUM cjal-3230 828 2 clear clear ADJ cjal-3230 828 3 instance instance NOUN cjal-3230 828 4 of of ADP cjal-3230 828 5 such such ADJ cjal-3230 828 6 aggregate aggregate ADJ cjal-3230 828 7 national national ADJ cjal-3230 828 8 wealth wealth NOUN cjal-3230 828 9 loss loss NOUN cjal-3230 828 10 is be AUX cjal-3230 828 11 that that SCONJ cjal-3230 828 12 japanese japanese ADJ cjal-3230 828 13 consumers consumer NOUN cjal-3230 828 14 have have VERB cjal-3230 828 15 relatively relatively ADV cjal-3230 828 16 less less ADJ cjal-3230 828 17 earnings earning NOUN cjal-3230 828 18 to to PART cjal-3230 828 19 spend spend VERB cjal-3230 828 20 domestically domestically ADV cjal-3230 828 21 on on ADP cjal-3230 828 22 goods good NOUN cjal-3230 828 23 and and CCONJ cjal-3230 828 24 services service NOUN cjal-3230 828 25 . . PUNCT cjal-3230 829 1 such such ADJ cjal-3230 829 2 loss loss NOUN cjal-3230 829 3 in in ADP cjal-3230 829 4 domestic domestic ADJ cjal-3230 829 5 consumer consumer NOUN cjal-3230 829 6 spending spending NOUN cjal-3230 829 7 could could AUX cjal-3230 829 8 very very ADV cjal-3230 829 9 well well ADV cjal-3230 829 10 offset offset VERB cjal-3230 829 11 any any DET cjal-3230 829 12 gains gain NOUN cjal-3230 829 13 in in ADP cjal-3230 829 14 producer producer NOUN cjal-3230 829 15 exports export NOUN cjal-3230 829 16 . . PUNCT cjal-3230 830 1 and and CCONJ cjal-3230 830 2 even even ADV cjal-3230 830 3 more more ADJ cjal-3230 830 4 , , PUNCT cjal-3230 830 5 this this PRON cjal-3230 830 6 runs run VERB cjal-3230 830 7 counter counter ADV cjal-3230 830 8 to to ADP cjal-3230 830 9 the the DET cjal-3230 830 10 japanese japanese ADJ cjal-3230 830 11 government government NOUN cjal-3230 830 12 's 's PART cjal-3230 830 13 apparent apparent ADJ cjal-3230 830 14 policy policy NOUN cjal-3230 830 15 of of ADP cjal-3230 830 16 export export NOUN cjal-3230 830 17 - - PUNCT cjal-3230 830 18 led lead VERB cjal-3230 830 19 growth growth NOUN cjal-3230 830 20 in in ADP cjal-3230 830 21 an an DET cjal-3230 830 22 effort effort NOUN cjal-3230 830 23 to to PART cjal-3230 830 24 end end VERB cjal-3230 830 25 its its PRON cjal-3230 830 26 decade decade NOUN cjal-3230 830 27 - - PUNCT cjal-3230 830 28 long long ADJ cjal-3230 830 29 economic economic ADJ cjal-3230 830 30 malaise malaise NOUN cjal-3230 830 31 . . PUNCT cjal-3230 831 1 [ [ X cjal-3230 831 2 18:1 18:1 NUM cjal-3230 831 3 anti anti ADJ cjal-3230 831 4 - - ADJ cjal-3230 831 5 speculation speculation ADJ cjal-3230 831 6 laws law NOUN cjal-3230 831 7 and and CCONJ cjal-3230 831 8 their their PRON cjal-3230 831 9 impact impact NOUN cjal-3230 831 10 property property NOUN cjal-3230 831 11 investors investor NOUN cjal-3230 831 12 , , PUNCT cjal-3230 831 13 both both CCONJ cjal-3230 831 14 in in ADP cjal-3230 831 15 the the DET cjal-3230 831 16 short short ADJ cjal-3230 831 17 and and CCONJ cjal-3230 831 18 long long ADJ cjal-3230 831 19 term term NOUN cjal-3230 831 20 ; ; PUNCT cjal-3230 831 21 and and CCONJ cjal-3230 831 22 ( ( PUNCT cjal-3230 831 23 iii iii X cjal-3230 831 24 ) ) PUNCT cjal-3230 831 25 such such ADJ cjal-3230 831 26 legislation legislation NOUN cjal-3230 831 27 could could AUX cjal-3230 831 28 scare scare VERB cjal-3230 831 29 investors investor NOUN cjal-3230 831 30 out out ADP cjal-3230 831 31 of of ADP cjal-3230 831 32 the the DET cjal-3230 831 33 korean korean ADJ cjal-3230 831 34 markets market NOUN cjal-3230 831 35 , , PUNCT cjal-3230 831 36 which which PRON cjal-3230 831 37 could could AUX cjal-3230 831 38 jeopardize jeopardize VERB cjal-3230 831 39 korea korea PROPN cjal-3230 831 40 's 's PART cjal-3230 831 41 economic economic ADJ cjal-3230 831 42 sustainability sustainability NOUN cjal-3230 831 43 as as ADV cjal-3230 831 44 well well ADV cjal-3230 831 45 as as ADP cjal-3230 831 46 the the DET cjal-3230 831 47 stability stability NOUN cjal-3230 831 48 of of ADP cjal-3230 831 49 the the DET cjal-3230 831 50 international international ADJ cjal-3230 831 51 financial financial ADJ cjal-3230 831 52 markets market NOUN cjal-3230 831 53 . . PUNCT cjal-3230 832 1 xi xi X cjal-3230 832 2 . . PUNCT cjal-3230 832 3 appendix appendix VERB cjal-3230 832 4 capital capital NOUN cjal-3230 832 5 gains gain NOUN cjal-3230 832 6 with with ADP cjal-3230 832 7 holding hold VERB cjal-3230 832 8 period period NOUN cjal-3230 832 9 i i NOUN cjal-3230 832 10 d d PROPN cjal-3230 832 11 old old ADJ cjal-3230 832 12 ] ] X cjal-3230 832 13 113ni 113ni NOUN cjal-3230 832 14 holding holding NOUN cjal-3230 832 15 period period NOUN cjal-3230 832 16 2004 2004 NUM cjal-3230 832 17 ] ] PUNCT cjal-3230 832 18 columbia columbia PROPN cjal-3230 832 19 journal journal PROPN cjal-3230 832 20 of of ADP cjal-3230 832 21 asian asian PROPN cjal-3230 832 22 la la PROPN cjal-3230 832 23 w w PROPN cjal-3230 832 24 kse kse PROPN cjal-3230 832 25 kosp1 kosp1 NOUN cjal-3230 832 26 ( ( PUNCT cjal-3230 832 27 index index NOUN cjal-3230 832 28 ) ) PUNCT cjal-3230 833 1 300 300 NUM cjal-3230 833 2 1 1 NUM cjal-3230 833 3 i i PRON cjal-3230 834 1 i i PRON cjal-3230 835 1 i i PRON cjal-3230 836 1 i i PRON cjal-3230 836 2 may/2003 may/2003 VERB cjal-3230 836 3 jun/2003 jun/2003 PROPN cjal-3230 836 4 jul/2003 jul/2003 PROPN cjal-3230 836 5 aug/2003 aug/2003 PROPN cjal-3230 836 6 sep/2003 sep/2003 PROPN cjal-3230 836 7 ot/2003 ot/2003 NUM cjal-3230 836 8 nov/2003 nov/2003 PRON cjal-3230 836 9 dec/2003 dec/2003 NOUN cjal-3230 837 1 yea yea PROPN cjal-3230 837 2 [ [ X cjal-3230 837 3 18:1 18:1 NUM cjal-3230 837 4 1 1 NUM cjal-3230 837 5 - - PUNCT cjal-3230 837 6 -bginm -bginm ADJ cjal-3230 837 7 1 1 NUM cjal-3230 837 8 - - PUNCT cjal-3230 837 9 a0 a0 NOUN cjal-3230 837 10 - - PUNCT cjal-3230 837 11 fqi fqi NOUN cjal-3230 837 12 investor investor NOUN cjal-3230 837 13 group group NOUN cjal-3230 837 14 _ _ NOUN cjal-3230 838 1 i i PRON cjal-3230 838 2 --- --- PUNCT cjal-3230 838 3 , , PUNCT cjal-3230 838 4 _ _ PRON cjal-3230 838 5 may-03 may-03 VERB cjal-3230 838 6 rm-03 rm-03 ADJ cjal-3230 838 7 jul-03 jul-03 NOUN cjal-3230 838 8 aug-03 aug-03 ADV cjal-3230 838 9 sp0 sp0 ADJ cjal-3230 838 10 3 3 NUM cjal-3230 838 11 oct-03 oct-03 NUM cjal-3230 838 12 nov-03 nov-03 PRON cjal-3230 838 13 dou-03 dou-03 DET cjal-3230 838 14 year year NOUN cjal-3230 838 15 -iirforigme -iirforigme PROPN cjal-3230 838 16 b00 b00 NOUN cjal-3230 838 17 700 700 NUM cjal-3230 838 18 600 600 NUM cjal-3230 838 19 100.00 100.00 NUM cjal-3230 838 20 90.00 90.00 NUM cjal-3230 838 21 80.00 80.00 NUM cjal-3230 838 22 70.00 70.00 NUM cjal-3230 838 23 60.00 60.00 NUM cjal-3230 838 24 50.00 50.00 NUM cjal-3230 838 25 40.00 40.00 NUM cjal-3230 838 26 30.00 30.00 NUM cjal-3230 838 27 20.00 20.00 NUM cjal-3230 838 28 10.00 10.00 NUM cjal-3230 838 29 0.00 0.00 NUM cjal-3230 838 30 2004 2004 NUM cjal-3230 838 31 ] ] PUNCT cjal-3230 838 32 anti anti ADJ cjal-3230 838 33 - - ADJ cjal-3230 838 34 specula specula ADJ cjal-3230 838 35 tion tion NOUN cjal-3230 838 36 laws law NOUN cjal-3230 838 37 and and CCONJ cjal-3230 838 38 their their PRON cjal-3230 838 39 impa impa NOUN cjal-3230 838 40 ct ct NUM cjal-3230 838 41 monthly monthly ADJ cjal-3230 838 42 price price NOUN cjal-3230 838 43 index index NOUN cjal-3230 838 44 may/2003 may/2003 NOUN cjal-3230 838 45 jun/2003 jun/2003 PROPN cjal-3230 838 46 ju]/2003 ju]/2003 PROPN cjal-3230 838 47 aug/2003 aug/2003 PROPN cjal-3230 838 48 sep/2003 sep/2003 PROPN cjal-3230 838 49 otc2003 otc2003 PROPN cjal-3230 838 50 nov/2003 nov/2003 PROPN cjal-3230 838 51 do.c2003 do.c2003 PROPN cjal-3230 838 52 jan/2004 jan/2004 NOUN cjal-3230 838 53 month month NOUN cjal-3230 838 54 yearly yearly ADJ cjal-3230 838 55 housing housing NOUN cjal-3230 838 56 price price NOUN cjal-3230 838 57 ( ( PUNCT cjal-3230 838 58 1990 1990 NUM cjal-3230 838 59 - - SYM cjal-3230 838 60 2003 2003 NUM cjal-3230 838 61 ) ) PUNCT cjal-3230 838 62 120.0 120.0 NUM cjal-3230 838 63 100.0 100.0 NUM cjal-3230 838 64 80.0 80.0 NUM cjal-3230 838 65 60.0 60.0 NUM cjal-3230 838 66 40.0 40.0 NUM cjal-3230 838 67 20.0 20.0 NUM cjal-3230 838 68 0.0 0.0 NUM cjal-3230 838 69 1990 1990 NUM cjal-3230 838 70 1991 1991 NUM cjal-3230 838 71 1992 1992 NUM cjal-3230 838 72 1993 1993 NUM cjal-3230 838 73 1994 1994 NUM cjal-3230 838 74 1995 1995 NUM cjal-3230 838 75 1996 1996 NUM cjal-3230 838 76 1997 1997 NUM cjal-3230 838 77 1998 1998 NUM cjal-3230 838 78 1999 1999 NUM cjal-3230 838 79 2000 2000 NUM cjal-3230 838 80 2001 2001 NUM cjal-3230 838 81 2002 2002 NUM cjal-3230 838 82 2003 2003 NUM cjal-3230 838 83 yea yea NOUN