Nearly 2 Million Households Trapped in Debt Cycle
An estimated 1.9 million households barely manage to keep up interest payments on their loans. Households that owed 75 percent of the W294.3 trillion worth of housing loans only serviced the interest without repaying any of the principal. >> Full Text
Wage Gap Widens Between Regular and Non-Regular Staff
The earnings gap between regular and non-regular workers is now the widest since statistics began in 2007. According to Statistics Korea, regular employees earn on average W2.71 million a month but contract workers only 54 percent of that figure. >> Full Text

Real Estate Prices Soar Fastest in 7 Years
Real estate prices across the country increased 4.63 percent on average this year, the steepest rise in seven years. The Ministry of Land, Infrastructure and Transport on Thursday said real estate prices grew more than W210 trillion to W4,275 trillion over the period. >> Full Text

Girls cool themselves in the Cheonggye Stream in Seoul on Friday. /Newsis

The residence of the U.S. ambassador to Korea in Seoul is open to the public on Friday.

Model Jang Yoon-ju poses before her wedding in Seoul on Friday.

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