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News
"Chuseok Holiday Is Too Short"... Will It Be Designated as a Temporary Holiday?
9+ hour, 42+ min ago (231+ words) You must be hearing a lot of people around you saying this year's Chuseok holiday is short. Some voices are asking why they can't also get Monday off—the day after the holiday—so is that even possible? While nothing…...
"Chutose Falls on Saturday, But No Day Off?"... Will September 28 Be Designated as a Temporary Holiday?
5+ hour, 52+ min ago (502+ words) With the Chuseok holiday about a week away, attention is focusing on whether Monday, September 28, will be designated as a temporary holiday. Last year, National Foundation Day, Hangeul Day, weekends, and alternative holidays lined up, allowing people to take up…...
Corporate Tax Projected to Outpace Income Tax for First Time in 15 Years, Surpassing 200 Trillion Won
9+ hour, 11+ min ago (224+ words) Corporate tax revenue is projected to outpace income tax for the first time in 15 years next year. According to the government's national tax revenue budget, corporate tax revenue for next year is projected at 216.7 trillion won, which is 36.7 trillion won…...
Nepal's Massive Floods Cause 2.4 Trillion Won in Property Damage, Require 6.3 Trillion Won for Reconstruction
8+ hour, 26+ min ago (238+ words) ▲ Daily life washed away by massive floods The massive floods that occurred last month in Nepal have resulted in an estimated total property damage of 2.4 trillion won, with reconstruction costs expected to exceed 6 trillion won. This accounted for roughly 80% of…...
"Voting to Stop Trump"... Anti-Trump Sentiment Drives Democratic Supporters
8+ hour, 34+ min ago (429+ words) ▲ The third anti-Trump protest "No Kings" in March last year The biggest factor driving Democratic supporters to the polls in the November U.S. midterm elections has been found to be the desire to check President Donald Trump. According to a…...
Hong Ji-sun: "Agree with the direction of real estate tax reform... Priority supply needed for actual demanders"
7+ hour, 56+ min ago (267+ words) ▲ Nominee for Minister of Land, Infrastructure and Transport Hong Ji-sun answers questions from reporters on her way to the Government Complex Sejong in Sejong City on the 31st of last month. Hong Ji-sun, nominee for Minister of Land, Infrastructure and Transport,…...
Banks' Revolving Credit Balances Approach 70 Trillion Won... Debt Surges by 6 Trillion Won Despite Stable Account Numbers
9+ hour, 13+ min ago (285+ words) The outstanding balance of revolving credit (minus bank accounts) in the banking sector is approaching 70 trillion won. At the end of July, the outstanding balance of revolving credit loans at commercial banks stood at 69.7283 trillion won, an increase of 6.0874 trillion…...
"Give It Back If You Won't Farm It!"... Government to Acquire and Lease Farmland to Youths at Low Prices
8+ hour, 18+ min ago (434+ words) In the government's first-ever nationwide comprehensive farmland survey, about 2.84 million parcels, or 27% of the surveyed targets, were classified as suspected violations of the Farmland Act. The government plans to finalize legal violations through in-depth investigations by the end of the…...
Trump Again Pressures Fed for Rate Cut, Threatens to Halt Trade With Deficit Nations
10+ hour, 6+ min ago (579+ words) ▲ U.S. President Donald Trump speaks with reporters. U.S. President Donald Trump reiterated on the 13th (local time) that if the U.S. central bank, the Federal Reserve (Fed), does not lower interest rates, he will have no choice but to halt trade…...
Bank Credit Line Balances Approach 70 Trillion Won... Debt Up 6 Trillion Won Despite Flat Account Numbers
10+ hour, 3+ min ago (818+ words) The outstanding balance of minus account (revolving credit line) loans at commercial banks has increased by over 6 trillion won in the first seven months of this year, approaching 70 trillion won. While the number of accounts has remained virtually flat, the…...