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Wed, September 27, 2023 | 16:48
Anti-graft law means more opportunities for 'Korean paparazzi'
If one person’s meat is another’s poison, the implementation of the strict anti-corruption law Friday might well result in countless situations of that type. The law, which bans buying meals priced more than 30,000 won ($27) or giving presents worth more than 50,000 won to public officials, may likely destroy the business of most luxury restaurants and department stores, but ...
Draft system has more supporters than volunteer scheme
Nearly half of Koreans think the current conscription system for military service should continue, a survey shows.
Central bank warns of household debt danger if rates rise
Indebted households’ disposable income increased 13 percent over the past three years but their payment burden of principal and interest surged nearly 60 percent, a Bank of Korea analysis shows.
Park's NK policy satisfies 45 percent of Koreans
The share of South Koreans satisfied with President Park Geun-hye’s policy on North Korea has declined from last year, falling below 50 percent for the first time, a survey says.
Six out of 10 elderly Koreans earn their bread
As populations aging progresses rapidly, nearly 60 percent of elderly people are solving their living costs for themselves without receiving supports from their children and relatives, a survey shows.
Debts owed to private lenders surge over three years
The amount of cash borrowed from private moneylenders has increased more than 50 percent over the past three years.
Irregularities mar some overseas cultural centers
Corruption and irregularities haunting some Korean cultural centers overseas have earned them the disgraceful nickname of “corruption centers,” an opposition lawmaker said Tuesday.
Korea fourth-largest foreign provider of jobs for US
Republican presidential candidate Donald Trump says the Korea-U.S. free trade agreement has taken jobs from Americans. But a recent U.S. government report is telling the opposite.
US force's unpaid power bill sparks controversy
The unusually scorching summer is finally over but many Korean families are being hit with another bomb called the “progressive electricity charge” -- which applies rates up to 11 times higher to heavy power users.
Poor corporate performance throws economy into slump
The corporate economy, often called the backbone of Korea Inc., is being shaken at its foundation. The number of marginal, bankrupt businesses is rapidly increasing while that of high-growth companies, capacity utilization ratios and the performance of major industrial parks are falling.
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