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New method should help cool overheated market The government has selected eight areas in Seoul for a pilot redevelopment project by public builders to supply high-quality housing around subway stations. If the project proceeds as planned, it will supply 4,763 homes, an increase of 3,059 added to the existing 1,704 in the city. The number may not be so large as to exert significant influence on t..

Former President Park should first make public apology Seoul's top court Thursday confirmed a 20-year prison term for former President Park Geun-hye, wrapping up years of trials. The verdict came three years and nine months after she was convicted of abuse of power, misappropriating funds from the National Intelligence Service and taking bribes from conglomerates. This means that, without a pard..

Main opposition party must deal sternly with sexual abuse cases Some lawmakers of the main opposition People Power Party (PPP) and its members implicated in allegations of sexual abuse or corruption are leaving the party one after another. Jeong Jin-gyeong, who had been elected a member of the Truth and Reconciliation Committee in a plenary session of the National Assembly at the party's recomme..

North Korea should not build up nuclear arms North Korean leader Kim Jong-un, who was endorsed as general secretary of the reclusive nation's ruling Workers' Party, Sunday, vowed to carry out foreign policies in accordance with measures taken by the United States and South Korea. Kim called on the U.S. to withdraw its hostile policy toward the North and for the South to comply with the 2018 inte..

State agency should reflect economic situations correctly Statistics Korea announced recently that rental deposits and monthly rents rose 0.3 percent and 0.1 percent, respectively, last year compared with 2019. If these figures are right, it means that a lump sum rental deposit, or “jeonse,” climbed from 500 million won ($457,875) to 501.5 million won, and monthly rent, from 1 million won to 1,0..

Japan urged to accept landmark compensation ruling A local court has made a landmark ruling in favor of South Korean victims of Japan's wartime sex slavery. On Friday, the Seoul Central District Court ordered the Japanese government to pay 100 million won ($91,500) in compensation to each of 12 victims. This is the first time for former sex slaves to win a legal battle against Tokyo. The ruling ..

Overhauling post-adoption care system is imperative Public anger is mounting over the horrific death of a 16-month-old adopted baby. The baby girl, named Jung-in, died at a hospital in Seoul, Oct. 13, 2020, just hours after being taken to an emergency room by her adoptive mother. She was adopted last January by a couple with a four-year-old biological daughter. The National Forensic Service conc..

Retail investors should be cautious in overheated market Korea's stock price index surpassed 3,000 points Thursday for the first time in the bourse's 38-year history. A combination of factors pushed the KOSPI into untrodden territory, such as abundant liquidity thanks to the government's massive release of fiscal funding to help overcome the impact of COVID-19; a craze among individual investors..

South Korean victims of wartime sexual enslavement won their first legal victory Friday against the Japanese government in a landmark ruling. The Seoul Central District Court ordered Tokyo to make financial reparations of 100 million won (US$91,300) each to 12 "comfort women" who were dragged away from their homes and forced to work in front-line military brothels for Japanese soldiers during Wo..

Radical measures needed to increase childbirth South Korea's population reached 51,829,023 as of Dec. 31, down 20,838 from the previous year, according to the Ministry of Interior and Safety. This represents the first statistical decline in the population since the country introduced the resident registration system in 1962. Of particular note, the number of births plunged 10.6 percent to 275,81..