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Seoul Warns of Additional Measures to Curb Home Prices

SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s chief economic policy maker on Monday warned that the government may unveil further steps to curb soaring home prices should the latest fresh set of measures end in futility. Earlier in the day, the finance ministry and related government agencies came up with the toughest steps ever [...]

S. Korea to Raise Monetary Benefits for Paid Paternity Leave

SEJONG, Dec. 26 (Korea Bizwire) — South Korea said Wednesday that it will raise the monthly benefits for paid parental leave from Jan. 1 onward as part of its efforts to boost the country’s chronic low birthrate. The maximum amount of monthly payment for those who take paternity leave will be set at 2.5 million [...]