Apartment transactions plunge in H1 on lending curbs, rate hikes
SEOUL– Apartment transactions in South Korea fell more than 50 percent on-year in the first half of 2022 due mainly to the government’s tough lending curbs and rising interest rates,…
July 2022
Military reports 1,289 more COVID-19 cases
SEOUL– South Korea’s military reported 1,289 additional COVID-19 cases Sunday, raising the total caseload among its service members to 211,365. The new cases included 920 from the Army, 140 from…
Typhoon Trases approaches Jeju
SEOUL– Typhoon Trases is approaching the southern resort island of Jeju, packing maximum winds of 18 meters per second, the weather agency said Sunday. The Korea Meteorological Administration predicted the…
Ruling party’s acting chairman offers to resign amid leadership row
SEOUL– The ruling People Power Party (PPP) acting chairman and floor leader said Sunday he has tendered his resignation from the acting chief, as three lawmakers quit the party’s Supreme…
Gyeonggi vice governor tenders resignation after allegedly throwing glass at local councilor
SUWON, South Korea– A vice governor of Gyeonggi Province on Sunday offered to resign amid an allegation that he threw a glass at a local councilor affiliated with the ruling…
S. Korea, U.S., Japan to hold Pacific Dragon missile defense exercise
SEOUL– South Korea, the United States and Japan will kick off a combined ballistic missile defense exercise in waters off Hawaii this week, informed sources said Sunday, amid their stepped-up…