Gov t unveils additional support to virus-hit airlines
Posted : 2021-03-03 13:45
Airplanes are parked at Gimpo International Airport, Feb. 23. Yonhap
South Korea on Wednesday unveiled another set of measures to support airlines hit hard by the COVID-19 pandemic in the latest move to help airlines stay afloat during the crisis.
The government will continue to reduce the airport usage fee for the airlines until June, the Ministry of Land, Infrastructure and Transport said in a statement, adding the fee will be lowered by 45.7 billion won (US$40.6 million). The ministry said it will later consider whether to extend the fee reduction again by taking into account air travel demand.
Investigation into LH workers speculative land buying to intensify
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Gwangmyeong, Siheung selected for major housing development project
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Experts raise questions over gov t home supply plan
Posted : 2021-02-04 16:42
Updated : 2021-02-05 09:07
Minister of Land, Infrastructure and Transport Byeon Chang-heum speaks during a press briefing at the Seoul Government Complex in Gwanghwamun, Thursday. Courtesy of Ministry of Land, Infrastructure and Transport
Gov t to supply 836,000 new homes nationwide for next five years
By Lee Kyung-min
The government plans to supply 836,000 houses nationwide by 2025 through state-run redevelopment and reconstruction, as part of continued efforts to stabilize housing prices that have nearly doubled over the past few years.
This is a notable change from the two dozen previous botched real estate policies, defined by demand control including a heavier tax on multiple homeowners and tighter lending rules for mortgage seekers among other measures to curb property speculation.