S. Korea to invest 26.4 trillion won in housing stabilization
President Moon Jae-in identified housing market stability as a “crucial policy task.” Thursday, January 7, 2021 11:53 PM UTC
South Korea will spend over 26.4 trillion won to develop new towns in Incheon and build other infrastructure in the first half of the year to curb soaring housing prices.
The said infrastructure projects include the construction of a railroad linking Pohang and Samcheok in Gangwon Province and a highway connecting Hamyang County in South Gyeongsang Province and the Ulsan Metropolitan City will be included in the SOC project.
President Moon Jae-in identified housing market stability as a “crucial policy task.”
Press release content from Business Wire. The AP news staff was not involved in its creation.
PLUXITY to Launch Smart Building Management Platform ‘PLUG-platform’ Based on Digital Twin Technology
January 8, 2021 GMT
SEOUL, South Korea (BUSINESS WIRE) Jan 8, 2021
PLUXITY, the company possessing the source technology for digital twin, which was utilized in Seoul City, Busan City, Incheon International Airport, and a newly built city in Turkmenistan, will launch its latest smart building management platform called ‘PLUG-platform.’
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PLUG-platform is an integrated control solution for smart buildings based on 3D virtualization modeling. By integrating controls of all building functionalities such as lightings, environmental sensors, and electric power, as well as closed-circuit TVs and access control devices, the platform allows operators to supervise everything on a 3D map, thereby assisting quick view and decision-making of the high-level manager.
South Korea s 30th anniversary of UN membership and New Year
Posted : 2021-01-03 14:48
By Kang Kyung-wha The blue-white U.N. flags could be sighted almost everywhere … the festive mood is being revived… So reported the Sept. 18, 1991, edition of The Korea Times on the scenery in downtown Seoul the day before.
Foreign Minister Kang Kyung-wha / Courtesy of Ministry of Foreign AffairsSuch jubilation followed the historic admission of the two Koreas to the United Nations through a unanimous vote taken by the General Assembly in New York. Thus concluded the 42-year-long diplomatic effort by the Republic of Korea since its first attempt in 1949 to gain membership in the global organization.
Upsurge in poor people
Take practical measures to create jobs
The number of people living below the official poverty level has jumped 25 percent over the past three-and-a-half years. The number surged to 2.72 million in November, up 550,000 from May 2017 when President Moon Jae-in took office, according to data submitted by the Ministry of Health and Welfare to an opposition lawmaker.
Policymakers, however, downplayed the seriousness of the surge, noting that it was a change in the criteria for poverty that was behind it. They explained the Moon government eased the criteria to provide state aid to more low-income earners. The economic fallout from the COVID-19 pandemic has also put more people into poverty amid mass layoffs.