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The government appears to be scrambling to come up with measures for increasing the housing supply as concerns are growing that the nation may face a shortage of homes within a few years due to a drop in the number of housing projects amid high interest rates and rising construction costs, according to industry officials, Tuesday. ....
Korea s near-future economic outlook doesn t look good, a predicament largely caused by outside factors such as rising oil prices and China s domestic woes that are increasing global economic instability, according to a state-run think tank, Thursday. ....
Korea s exports are showing signs of improvement, but uncertainties from China continue to weigh on the economy, a state-run think tank said Thursday. ....
The act of purchasing Christmas gifts was viewed as a luxurious indulgence for Koreans in December 1997, as the nation was beset by deepening economic woes amid the Asian financial crisis. "Won plunges to record low," was the boldest headline on the Christmas Eve edition of The Korea Herald in 1997, which delivered a news story that was decidedly incongruous with the typical consumerist holiday spirit. The . ....
After years of harsh lockdown due to the covid-19, the country is now trying to give industry a new boost. It is focusing on domestic tourism, to expand international tourism at the same time (with an eye on the environment). This is also an opportunity for propaganda, to improve the consideration of a nation 'closed' to the outside world. ....