Jungheung Construction to sign deal to buy Daewoo E&C this week
SEOUL– Jungheung Construction, a midsized local builder, said Wednesday that it will sign a deal this week to buy a controlling stake in Daewoo Engineering & Construction Co. In July,…
December 8, 2021
S. Korea establishes new national cemetery on Jeju
SEOUL– South Korea on Wednesday opened a new state cemetery for fallen national heroes, including independence fighters and Korean War troops, on the southern island of Jeju, the veterans affairs…
Proportion of 1-person households hits record high of 32 pct last year
SEOUL– The proportion of one-person households in South Korea hit a fresh record high last year as the number of such households has continued to increase amid a delay in…
Household debt, inflation cited as biggest risks to financial system: BOK survey
SEOUL– One out of five financial experts cited high household debt and inflationary buildup as the biggest risks to the financial system, a survey showed Wednesday. According to the survey…
Banks’ household loans grow at slower pace in November amid tight lending rules
SEOUL– South Korean banks’ loans to households grew at a slower pace in November amid the government’s stepped-up control on home-backed loans and other lending, central bank data showed Wednesday.…
Seoul’s average apartment price jumps twofold under Moon gov’t: civic group
SEOUL– The average price of Seoul apartments has soared more than twofold in about five years under the current Moon Jae-in administration, according to a civic group analysis Wednesday. According…