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Korea's real estate policy fiasco

Korea's real estate policy fiasco

Since his inauguration in May, 2017, President Moon Jae-in and his administration have been waging a war against real estate speculation by employing all possible measures focused on punitive taxation and lending regulations. With the lofty goal of offering homes to more people at affordable prices, their policy initiatives have been considered to have had good intentions but the attempts have not come to fruition as they defy the basic market principle of supply and demand.

'Cancellation of joint drills may hamper denuclearization'

'Cancellation of joint drills may hamper denuclearization'

Amid growing speculation that joint military exercises between South Korea and the United States are likely to be called off in a bid to prevent the spread of COVID-19, and appease North Korea, diplomatic experts believe a cancellation as an olive branch to Pyongyang is not a good idea, saying there will be no “reciprocity” from the isolated country.

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'All I wanted was judgment by law and apology'

'All I wanted was judgment by law and apology'

A former secretary of late Seoul Mayor Park Won-soon, who accused him of sexual harassment, said Monday that all she had wanted was for the mayor to be judged by the law and make a sincere apology to her.

Southern Korea hit by devastating downpours

Southern Korea hit by devastating downpours

Some 200 millimeters of rain pounded South Korea's southern regions on Monday, leaving several people dead and causing traffic accidents, flooding and destruction of roads, houses and facilities, officials said. According to the Korea Meteorological Administration (KMA), 277 mm of rain fell in Sancheong of South Gyeongsang Province for one day by 2 p.m., followed by 228 mm in Buan of North Jeolla Province, 210 mm in Geoje, west of Busan, 158.2 mm in Gwangju and 160.2 mm in Daejeon.

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S. Korea stands behind US, India to punish TikTok

S. Korea stands behind US, India to punish TikTok

Korea is moving to join the ongoing boycott of Chinese video app TikTok, which has received criticisms from countries including India and the United States over alleged mishandling of users' personal information, according to a government official Monday.

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Arrivals from 'high-risk nations' required to submit proof of 'negative' virus test results

Arrivals from 'high-risk nations' required to submit proof of 'negative' virus test results

All foreign arrivals from the four countries - Bangladesh, Pakistan, Kazakhstan, and Kyrgyzstan - are obligated to hand in health certificates proving they have tested negative for COVID-19 on a polymerase chain reaction (PCR) test. South Korea has also ordered regular flights from such countries to limit the number of passengers to 60 percent of capacity. Those who depart for countries with large outbreaks will face strict entry processes when returning to South Korea, health authorities said. Strict quarantine regulations on arrivals from Pakistan and Bangladesh have been already in place.

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