The overheated property market has even lent sizzle to demand for apartments on the auction block. Some properties that have been foreclosed and auctioned off by are going for prices higher than ordinary apartments in the same complex.
The government described 87 projects meant to help people between the ages of 19 and 34 get housing, jobs, welfare and education.
The Ministry of Education is facing backlash after denying financial support to dozens of higher education institutes, including prominent universities in Seoul.
Finance Minister Hong Nam-ki said Monday the government plans to pay more than 90 percent of pandemic grants under the latest extra budget to recipients by the end of September.
North Korea is believed to have named former Minister of Social Security Ri Yong-gil as defense minister, removing Kim Jong-gwan from the post, according to a South Korean government source on Thursday.
Tax collections jumped more than 37 percent in the first five months of the year thanks to twin booms in the stock market and real estate market.
Korea said Tuesday it plans to consider normalizing eased rules on bank foreign exchange (FX) derivative positions as FX liquidity conditions have improved amid the global economic recovery.
The Blue House acknowledged its recent blunders in social media postings about the presidential trips to Britain and Austria. In its Instagram posting on President Moon Jae-in’s visit to Austria on Tuesday, the Blue House used emojis for the...
In 2017, the Moon Jae-in administration laid out its “Renewable Energy 3020” plan, in which it would raise the ratio of renewable energy to 20 percent by 2030. Last year President Moon set a target of carbon neutrality by 2050.
Any Korean worker will be familiar with Herbert William Heinrich (1885-1962). He appears in the industrial safety and health class, a compulsory course. Heinrich’s law never fails to be mentioned when it comes to industrial...