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S. Korea to Add 132,000 Housing Units in Greater Seoul Area to Stabilize Home Prices

SEOUL, Aug. 4 (Korea Bizwire) — South Korea plans to supply 132,000 housing units in Seoul and its neighboring area, in the latest effort to stabilize home prices and ease fears of shortages, Finance Minister Hong Nam-ki said Tuesday. The government will ease some construction rules, allowing redevelopment projects of aging apartment buildings to increase [...]

Gov’t to Step Up Countermeasures Against Fine Dust Pollution

SEOUL, Mar. 5 (Korea Bizwire) — South Korea is moving to designate fine dust concentrations as a disaster in law, part of its countermeasures to the nation’s worsening air pollution problem, officials said Tuesday. If fine dust pollution is legally recognized as a disaster, the government will work out concrete criteria for damage assessment and [...]