SEOUL, Aug. 16 (Korea Bizwire) — The outstanding amount of “jeonse” home rental loans among young people rose sharply this year, a lawmaker said Monday. South Koreans in their 20s and 30s hold 96.36 trillion won (US$73.3 billion) in debt issued to pay for deposit-based rental homes, said Rep. Jin Sun-mee of the Democratic Party, [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s new COVID-19 cases fell below 100,000 for the first time in seven days Monday due to fewer tests over the weekend amid the spread of a highly contagious omicron subvariant. The country reported 62,078 new COVID-19 infections, including 396 cases from overseas, bringing the total caseload to [...]
SEOUL, Aug. 15 (Korea Bizwire) — The recent torrential rain that hit South Korea’s central region was responsible for the deaths of several people among society’s more vulnerable groups, and the socially vulnerable bear larger and more extensive mental damage, a study showed Sunday. Lee Yoo-bin from the Seoul National University Graduate School of Public [...]
SEOUL, Aug. 15 (Korea Bizwire) — The coronavirus pandemic, which has roiled markets since 2020, may be hurting the finances of South Korea’s state pension fund, a report said Sunday. The National Pension Research Institute reported that the number of marriages dropped to 214,000 in 2020, down 10.7 percent from 2019. In 2021, there were [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s new COVID-19 cases dropped for the fourth straight day Sunday, but the number of seriously ill patients hit an over three-month high amid the fast spread of a highly contagious omicron subvariant. The country added 119,603 new COVID-19 infections, including 460 cases from overseas, bringing the total [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s new daily COVID-19 cases declined for the third straight day Saturday but remained above the 100,000 level for the fifth day in a row amid the fast spread of the omicron variant. The country added 124,592 new COVID-19 infections, bringing the total caseload to 21,236,355, the Korea [...]
SEOUL, Aug. 13 (Korea Bizwire) — The Supreme Court on Friday upheld lower courts’ acquittal of a religious sect leader of charges that he obstructed the government’s response to COVID-19 outbreaks in 2020. Lee Man-hee, the 91-year-old founder of the Shincheonji Church of Jesus, was indicted two years ago for allegedly underreporting the number of [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s new COVID-19 cases fell for the second straight day Friday, but the number of seriously ill patients hit an over three-month high amid the fast spread of a highly contagious omicron subvariant. The country added 128,714 new COVID-19 infections, bringing the total caseload to 21,111,840, the Korea [...]
SEOUL, Aug. 12 (Korea Bizwire) — The Ministry of Justice has granted Korean citizenship to some descendants of independence fighters against Japan’s colonial rule of the Korean Peninsula. The ministry held a ceremony on Thursday, four days ahead of the 77th anniversary of Korea’s liberation from the 1910-45 colonial rule, and issued citizenship certificates to [...]
SEOUL, Aug. 11 (Korea Bizwire) — The number of new daily COVID-19 cases in South Korea fell Thursday after reaching a four-month record high the previous day, but new deaths climbed to a three-month high amid the fast spread of a highly contagious omicron subvariant. The country added 137,241 new COVID-19 infections, bringing the total [...]