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Real Estate Ownership Change from Forced Auctions Doubles in Seoul

Real Estate Ownership Change from Forced Auctions Doubles in Seoul

SEOUL, Nov. 28 (Korea Bizwire) — The number of residential properties whose ownership changed due to forced sale by auction marked a sharp increase this year compared to a year ago. According to the Supreme Court, the number of apartments, villas and residential officetels whose ownership shifted due to forced sale by auction stood at [...]

S. Korea’s New COVID-19 Cases Below 50,000; Worries Remain High on Resurgence

S. Korea’s New COVID-19 Cases Below 50,000; Worries Remain High on Resurgence

SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s new COVID-19 cases fell below 50,000 on Sunday, but health authorities remained on edge over a possible spike in transmissions in the winter season. The country reported 47,028 new COVID-19 infections, including 70 cases from overseas, bringing the total caseload to 26,937,516, according to data from the [...]

Truckers’ Strike Cripples Shipments in Cement, Steel Industries

Truckers’ Strike Cripples Shipments in Cement, Steel Industries

SEOUL, Nov. 25 (Korea Bizwire) – The nationwide strike by truck drivers caused supply disruptions across the cement and steel industries on Friday, with other sectors like auto and petrochemicals feared to bear the brunt if the protest prolongs. Cement factories were unable to ship most of the daily supply of 200,000 tons the previous [...]

Foreign Students Most Likely to Overstay Their Visas: Data

Foreign Students Most Likely to Overstay Their Visas: Data

SEOUL, Nov. 25 (Korea Bizwire) — With the number of undocumented foreigners who have failed to return to their home countries after their visas have expired reaching over 410,000, the largest proportion of them are study-abroad students and those studying the Korean language, data showed Thursday. The Ministry of Justice said that there were 137,779 [...]