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Financial regulator says project financing delinquency rates still controllable

Financial authorities emphasized the stability of the Korean financial market with a firm determination to maintain the robust market order, aiming to allay foreign investors concerns over the country s real estate project financing risks and the latest increase in banks delinquency rates.

Paternity leave in South Korea to double to 20 working days

The government intends to double paternity leave to 20 days, up from the current 10, while also substantially boosting parental leave allowances. It is also restructuring tax support measures, originally designed for women with career interruptions, to include men, and developing tailored employment support programs for young people.

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