SEOUL, Dec. 12 (Korea Bizwire) – In a concerning trend, mortgage delinquency rates among homeowners in their 20s and below are surging, far outpacing other age groups. Young adults who have recently entered the workforce are finding themselves trapped in high-interest mortgages, leaving them struggling to make the monthly payments. According to data obtained by National [...]
SEJONG, Dec. 12 (Korea Bizwire) – In a recent report from Statistics Korea, it was revealed that less than half of newlywed couples own homes, with a significant percentage of them carrying mortgage debt. Furthermore, dual-income couples have seen a slight increase in their annual incomes, with the average surpassing 84 million won. According to data [...]
SEOUL, Dec. 12 (Korea Bizwire) – A road maintenance company has been sanctioned by the Supreme Court for compelling parents of young children to work early morning and holiday shifts and subsequently refusing to retain them when they resisted compliance. The ruling declares that the company failed to fulfill its duty of consideration under the Equal [...]
SEOUL, Dec. 11 (Korea Bizwire) – The land ministry said Monday it will not authorize the completion of newly built apartments if inter-floor noise levels fail to meet accepted standards. As part of measures to tackle widespread social problems surrounding noise disputes between neighbors, the ministry said it will also strengthen quality control by measuring [...]
SEOUL, Dec. 11 (Korea Bizwire) — The representatives of eight member states of the North Atlantic Treaty Organization (NATO) will visit Seoul later this week for security talks with South Korean officials, the foreign ministry said Monday. The NATO representatives of the United States, Britain, Italy, Denmark, the Netherlands, the Czech Republic, Romania and Poland [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea will establish a government-wide commission to be in charge of deliberating and adjusting measures on the management of supply chains of major industry items, the finance ministry said Monday. The government also plans to create a fund to secure critical items and support investment in relevant facilities [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea is maintaining more than four months of inventory of urea amid growing concerns over its supply in the wake of China’s export suspension, the industry ministry said Sunday. “South Korea will establish a system to thoroughly monitor the sales of urea in the country and make moves [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea’s public health agency said Sunday it plans to open a coordination office this week, supporting a global move to prevent, detect and respond to infectious diseases. The new office, located in Osong, 108 kilometers south of Seoul, will open its doors Monday to support the activities of [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea plans to hold talks with the six member states of the Gulf Cooperation Council this week in Saudi Arabia in the latest effort to work out differences to forge a free trade agreement, the industry ministry said Sunday. The chief delegate talks — which will be led [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea plans to raise the annual salaries of entry-level military officers and non-commissioned officers (NCOs) at border units by up to 30 percent by 2027 from this year, the defense ministry said Sunday, amid a push to improve working conditions of troops. The salary for a new staff [...]