SEOUL, Jun. 11 (Korea Bizwire) — Private financiers are on the rise in North Korea, operating as loan sharks and investing in development projects. Andrei Lankov, a professor at Kookmin University, said at a conference called ‘Doing Business in North Korea’ that North Korea has been seeing the advent of private financing along with capitalism [...]
SEOUL, Nov. 4 (Korea Bizwire) — From now on, apartment builders will have to cut the energy consumption level of new buildings by 30-40 percent from that in 2009. The Ministry of Land, Infrastructure, and Transport said on November 3 that it would notify new standards on environmentally friendly housing units for three weeks between November [...]
SEOUL, Korea, April 8 (Korea Bizwire) – Korea is one of the few countries with an unusually high percentage of real assets, including most prominently homes. A household finance survey by the National Statistical Office on April 7 said the ratio of real assets in total household assets as of 2013 was as high as [...]
SEOUL, Korea, Mar 6 (Korea Bizwire) – Lee Mi-jin, a housewife with two twin boys in her mid-30s, recently had an experience of almost dropping her four-year-old son on the tiled floor while taking him a bath in the bathtub. She said, “I am always worried whenever my kids run around in the house if [...]