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President Yoon Suk Yeol carried out a partial Cabinet reshuffle Monday, replacing the finance minister with one of his senior secretaries and naming five other people to ministeria. ....
The finance ministry said Friday it will push to reduce 42 trillion won ($31.83 billion) of debt incurred by 14 financially troubled public companies combined by 2026 through asset sales and organization restructuring in an effort to improve the fiscal health of the public sector. ....
Police searched the headquarters of state-run housing developer Korea Land Housing Corp. (LH) on Wednesday as part of an investigation into 15 shoddily-built public apartment complexes that were found to lack reinforcing bars. ....
South Korea will conduct safety inspections on nearly 300 flat-plate structure apartment complexes in the private sector nationwide through September as follow-up measures to recent revelations of shoddy residences that lack reinforcing bars, or rebars, in their underground parking lots, the land ministry said Thursday. ....
South Korea will conduct safety inspections on all new flat-plate structure apartment complexes in the private sector after the recent collapse of a public apartment s parking lot due to lack of reinforcing bars (rebars), the land ministry said Monday. ....