As Korea struggles to control rising real estate prices, the role of foreign buyers has become an issue.
Exports of medical products, such as medicine, medical devices and cosmetics, increased by nearly 27 percent during the first half of this year.
As a standing committee passed the tenant protection law Wednesday, the real estate market is seeing a massive shortage in supply of such properties, pushing the price up for 52 consecutive weeks.
Korea formally opened the world's first byproduct hydrogen power plant, which uses gas produced in the processing of petrochemicals. The plant is rated at 50 megawatts and will produce enough electricity to supply 160,000 households.
Korea is in recession, for the first time in 17 years, as exports dropped the most in more than half a century.
Exports by Korean small and medium enterprises sank at a double-digit rate in the second quarter of the year due to the coronavirus pandemic, government data showed Wednesday.
Korea's exports of kimchi rose sharply in the first half of the year thanks to its growing popularity, data showed Wednesday.
Civic groups, including the Citizens’ Coalition for Economic Justice, People’s Solidarity for Participatory Democracy and the Korea Federation for Environmental Movements, demand the government apologize for threatening the greenbelts
Korea's exports dropped 12.8 percent on year in the first 20 days of July amid the economic fallout from the new coronavirus, customs data showed Tuesday.
Property taxes increased the maximum 30 percent this year for 580,000 households in Seoul.