Archive page 80

The South Korean housing market is facing a significant challenge with the continuous increase of unsold completed homes, commonly referred to as "malicious unsold homes." These properties, which remain unsold despite being fully constructed, have been on an upward trend for the past ten months, creating considerable burdens for the construction industry. According to the Ministry of Land, Infrastructure, and Transport's May housing statistics, there were 13,230 unsold completed homes across th

The first presidential debate of the 2024 election cycle, held on June 27th at CNN's Atlanta studio, saw former President Donald Trump emerge as the dominant force against incumbent President Joe Biden. The 90-minute face-off, moderated by CNN anchors Jake Tapper and Dana Bash, was conducted under a new set of rules designed to ensure a more orderly debate. Trump's characteristic assertive and combative style was on full display, allowing him to command the conversation and put Biden on the def

The Ministry of Culture, Sports, and Tourism (MCST) announced the launch of the 11th annual 'Talk Talk Korea 2024' international content contest. Running from June 28 to August 31, this event invites participants worldwide to share their experiences of Korea's unique cultural beauty. Since its inception in 2014, Talk Talk Korea has grown exponentially, becoming the largest content contest of its kind. Last year alone saw over 50,000 entries from 166 countries, showcasing a wide array of perspec

Busan, South Korea - Busan has launched the nation's first "Single-Person Household Safety Complex Town" in Namsan-dong, Geumjeong-gu. This innovative project aims to create a secure living environment for single-person households and vulnerable groups, such as women, who face higher risks of crimes like stalking and home invasions. The project is a collaborative effort involving the city, Busan Urban Corporation, and the Busan Design Promotion Agency. The safety complex incorporates advanced s

Busan, South Korea – In a strategic move to enhance regional connectivity and stimulate economic growth, the cities of Busan, Ulsan, and Gyeongnam Province have jointly submitted a proposal for the expedited construction of two major metropolitan railways. This collaborative effort aims to address regional imbalances and significantly improve transportation infrastructure. The joint proposal focuses on the early establishment of the Busan-Yangsan-Ulsan Metropolitan Railway and the Southeast Cir

Busan, South Korea – As part of its strategic initiative to become a leading global wellness and medical tourism destination, Busan hosted an event on June 25, marking a major step in its ambitious plan. The city unveiled its first-ever key medical tourism partner institutions and held a symposium aimed at enhancing integrated wellness and medical tourism capabilities. Busan announced the selection of 50 key institutions that have excelled in attracting foreign patients and promoting medical to

SEOUL, June 25, 2024 – South Korea is grappling with a significant corporate tax shortfall, as revealed in a recent report by the National Tax Service (NTS). Despite a record number of corporate tax filings, the actual tax revenue has plummeted, raising concerns about a potential tax revenue deficit for the current year. The NTS report, released on June 24, highlighted that the number of corporations filing taxes reached an unprecedented 1.031 million last year, marking the first time the figur

Busan, South Korea - Saha-gu, located in the southwest of Busan, is known for its tourist attraction Gamcheon Culture Village and the industrial complex Sinpyeong-Jangnim. The district, which borders the Nakdonggang River, is part of Busan’s old downtown area, facing a rapid decline in its young population. Along with Jung-gu, Dong-gu, and Seo-gu, Saha-gu is categorized as an old downtown region with outdated living conditions. The once-bustling area around Dong-A University’s Hadan campus has d