The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_X_on_2023.svgbt_X_over_2023.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Hotels grapple with chronic staff shortages

  • 3

    'Moon gov't neglected, concealed North's killing of S. Korean official'

  • 5

    Giant panda statue at Everland

  • 7

    Padres' Kim Ha-seong files blackmail complaint against Korean player

  • 9

    K-dramas, beauty, food to maintain popularity on TikTok in 2024

  • 11

    China's Xi warns top EU officials not to engage in 'confrontation'

  • 13

    Major hospitals struggle to recruit pediatricians

  • 15

    Lawyer of Korean descent selected as chair of Dentons Global Board

  • 17

    Pro-Palestine protests in Seoul concern Israeli ambassador

  • 19

    LGES, KAIST enable EVs to go 900 km on single charge

  • 2

    Korea to expand visa benefits to accelerate inbound tourism

  • 4

    INTERVIEWMeet the man behind giant rubber ducks that once took over Seoul

  • 6

    Photo of Samsung chief's playful pose goes viral

  • 8

    CJ Olive Young fined 1.89 bil. won for unfair supply contracts

  • 10

    SK reshuffles top management focusing on generational shift

  • 12

    'Soundtrack #2' tells classic yet realistic love story

  • 14

    NYT picks President Yoon, NewJeans among 71 'most stylish' people of 2023

  • 16

    INTERVIEW'Now is time for Koreans to unlock potential in Africa'

  • 18

    Samsung to unveil AI-powered lifestyle vision at CES 2024

  • 20

    Yoon vows to expand support for arms industry

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Sat, December 9, 2023 | 08:36
Students petition against dormitory operator
Posted : 2012-03-23 17:20
Updated : 2012-03-23 17:20
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
The student council of Sogang University filed a complaint with the Fair Trade Commission against KDB Asset Management, the operator of the school’s dormitory, Friday, over high costs.

It is the first time that students have filed a complaint against a private operator of school dormitories.

The council said Friday that the asset management firm has applied higher-than-market interest rates on loans tapped by the school for the construction of the dormitory. The financing contract also bans the school from paying the principal for 10 years.

The “unfair” terms of the loan are leading to high costs for students using the dormitory, according to the council.

The members of the council visited the fair trade watchdog’s headquarters Friday afternoon and submitted the complaint signed by 80 students.

“KDB Asset Management signed the contract in 2008 when interest rates were exorbitantly high following the U.S. financial crisis. It is unfair that the financial firm is forcibly maintaining the terms for 20 years and refusing to accept the school’s demand that it be allowed to repay its debt earlier than scheduled,” a student council member said.
Emailchojh@koreatimes.co.kr Article ListMore articles by this reporter
 
wooribank
LG group
Top 10 Stories
1Korea to expand visa benefits to accelerate inbound tourism Korea to expand visa benefits to accelerate inbound tourism
2Seoul awards honorary citizenship to outstanding foreign residentsSeoul awards honorary citizenship to outstanding foreign residents
3Seoul-Moscow ties likely stuck in limbo amid blame game Seoul-Moscow ties likely stuck in limbo amid blame game
4Will Korea avoid hard landing in housing market? Will Korea avoid hard landing in housing market?
5‘12.12: The Day’ goes strong at box office, attracts younger generation‘12.12: The Day’ goes strong at box office, attracts younger generation
6Why Korean shoppers flock to Chinese e-commerce sitesWhy Korean shoppers flock to Chinese e-commerce sites
7K-pop's appeal reflected in global accolades K-pop's appeal reflected in global accolades
8Hyundai Motor hires former US Ambassador to Korea Sung Kim as adviser Hyundai Motor hires former US Ambassador to Korea Sung Kim as adviser
9[INTERVIEW] Ex-NIS chief urges politicians to stop misusing spy agency INTERVIEWEx-NIS chief urges politicians to stop misusing spy agency
10Korea, US tighten partnerships in chip, battery, AI Korea, US tighten partnerships in chip, battery, AI
Top 5 Entertainment News
1‘12.12: The Day’ goes strong at box office, attracts younger generation‘12.12: The Day’ goes strong at box office, attracts younger generation
2[REVIEW] Musical 'Monte Cristo' returns with riveting tale of vengeance, love REVIEWMusical 'Monte Cristo' returns with riveting tale of vengeance, love
3K-pop's appeal reflected in global accolades K-pop's appeal reflected in global accolades
4[INTERVIEW] Meet the man behind giant rubber ducks that once took over Seoul INTERVIEWMeet the man behind giant rubber ducks that once took over Seoul
5'Soundtrack #2' tells classic yet realistic love story 'Soundtrack #2' tells classic yet realistic love story
DARKROOM
  • It's beginning to look a lot like Christmas

    It's beginning to look a lot like Christmas

  • 2023 Thanksgiving parade in NYC

    2023 Thanksgiving parade in NYC

  • Appreciation of autumn colors

    Appreciation of autumn colors

  • Our children deserve better

    Our children deserve better

  • Israel-Gaza conflict erupts into war

    Israel-Gaza conflict erupts into war

  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher: Oh Young-jin
Digital News Email: webmaster@koreatimes.co.kr
Tel: 02-724-2114
Online newspaper registration No: 서울,아52844
Date of registration: 2020.02.05
Masthead: The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group