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Tue, October 3, 2023 | 22:48
Gov't to tighten mortgage rules
The government said Monday it will toughen mortgage regulations and restrict transactions of apartments under construction as part of steps to cool the overheating real estate market. The land and finance ministries and the financial regulator jointly announced measures to stabilize the housing market - the first real estate market policy announced by the Moon Jae-in government. Unlike the two previous administrations that used the market as a means to boost the economy, Moon and his ministers have vowed to stabilize housing prices for the livelihood of the working class.
[Trump Aftershock] South Korea all out to cope with Trump storm
The government is scrambling to draw up preemptive steps to counter any changes in economic policies in the United States under Donald Trump.
Roads of the future: A path toward the transport that is safer, greener and drives itself
Sizzling summer days gave way to the crispy wind and clear sky of fall with the change of the season. At this time of the year, you sometimes just want to seat relaxed in the back of a car and admire the view outside. The days will soon come when you do just that alone, behind the wheel, without driving a car.
Tackling challenges facing Korea
In the 15th century Portuguese navigators had to pass the Cape of Storms, the southern tip of Africa in order to discover a trade route to India. As its name suggests, raging storms and fierce waves discouraged many journeys toward uncharted territory.
Watchdog doesn't know when to stop
Two-and-a-half years have passed since the Fair Trade Commission (FTC) started an investigation into banks whether they colluded to keep interest rates higher to generate additional profit.
FDI pledges to Korea up 30%
Foreign direct investment (FDI) pledged to Korea increased 30.6 percent last year to a record high of $19 billion on expectations of free trade agreements (FTAs) Korea signed with major economies.
Wealthiest withdraw from banks
Christopher Kim, who runs a jewelry shop in downtown Seoul, recently had a request from an older customer for 1,000 don of gold. A don is a traditional Korean weight unit equal to 3.75 grams.
Multiracial marriages on decline
Marriages between Koreans and foreign spouses dropped 7.8 percent last year, decreasing for the third consecutive year. The number of babies born from interracial couples also decreased 7.1 percent.
'Sell' report extinct in Seoul bourse
Analyst reports are supposed to guide investors to make the right decision, but many investors in Seoul doubt the credibility of reports which never tell them to “sell.”
Unclaimed lotto prizes exceed 200 billion won
Maybe they lost their tickets, or maybe they forgot they had purchased them. More than 200 billion won worth of lotto prizes have gone unclaimed over a four-and-a-half-year period ending last year. What the winners might not want to know is that the unclaimed prize money was transferred to government coffers.
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