Finance Minister Hong Nam-ki warned of a bubble in the real estate market and cautioned the public about buying -- and getting burned.
Totally out of sync with public opinion, the military is praising the commander in chief for coming up with the idea of bringing back a crew infected with Covid-19 aboard a warship, and Deputy Prime Minister for Economic Affairs Hong Nam-ki is...
According to the Ministry of Land, Infrastructure and Transport, 77.7 percent of rent contracts in Seoul were renewed between August 2020 and May. That’s significantly higher than 57.2 percent between September 2019 and August 2020.
The Moon Jae-in administration's economic czar Tuesday swatted down ruling party demands for relief grants for all.
Finance Minister Hong Nam-ki caved to demands by the ruling Democratic Party (DP) for another supplementary budget. It would be this year’s second and the sixth since the Covid-19 pandemic started in 2020.
Under the third of three tenet protection laws passed last year, details about all rental or jeonse deals above a certain won amount will have to be registered, raising the possibility that the tax authorities could use it find hidden income.
CHO HYUN-SOOK“The ‘something’ that connects two transactions is called money, and it has taken innumerable physical forms — from stones to feathers to tobacco to shells to copper, silver, and gold to pieces of paper and entries...
Korea’s finance minister called for cooperation among Korea, China and Japan to avoid uneven economic recovery in the region and downside risks that may emerge.
The key to Korea’s amazing economic growth can be found in Koreans’ diligence, competitiveness and desire for better lives. But the government’s fiscal policy also played a big part in its advancement. Budget is not only a major...
The number of people employed shrunk for the 12th month in a row, with 473,000 fewer jobs in February than a year before. Yet the government claimed to see a silver lining in the latest jobs report.