Multiple-Home Owners Increase Despite Crackdown
In spite of the government's efforts to crack down on real estate speculation, the number of multiple-home owners increased by 140,000 last year. This was mainly due to tax benefits for landlords with registered rental businesses to boost transparency in property transactions. According to Statistics Korea, 2.12 million people owned more than two homes as of last year.
Japanese Food All the Rage in Korea
Companies Feel Stress of Impending Shorter Working Week
State-Run Shopping Channel to Sell Only Locally Made Products
Hyundai Admits Tours to Mt. Kumgang a Pipe Dream for Now
Gov't U-Turns on Releasing Rice Stockpiles Amid Price Surge
Star-Studded Crime Flick to Hit Theaters Next Month
NATIONAL/POLITICS
Gov't to Sue Koreans Who Failed to Pay for Bali Airlift
The government is minded to sue 17 people who failed to pay for emergency charter flights out of volcano-stricken Bali in November last year. At the orders of President Moon Jae-in, the government sent a charter flight to the Indonesian resort island.
NORTH KOREA
Kim Jong-un Supervises Test of 'New Tactical Weapon'
North Korean leader Kim Jong-un supervised the test of a new weapon for the first time since North Korea test-launched an intercontinental ballistic missile in November last year, state media reported Friday.
BUSINESS
Samsung Records Worst-Ever Performance in China
Samsung is struggling in the Chinese smartphone market, selling only 700,000 smartphones in the world's most populous country in the third quarter of this year, according to U.S. market researcher Strategy Analytics on Monday.