The Korea Herald

S. Korea to speed up enforcement of stricter income-based lending rules to rein in household debt

Economy

South Korea said Tuesday it will enforce stricter lending rules based on borrowers' repayment capability at an earlier date than initially scheduled to curb soaring household debt that has emerged as one of the most serious potential risks on the economy. Loans for home rentals, however, will not be subject to the government's tightened lending rules until the end of this year as part of efforts to supply credit for those in actual need of borrowing. Those are part of a string of measures the
S. Korea to give 1.1 million doses of AZ vaccines to Iran

Foreign affairs

South Korea is providing COVID-19 vaccines to Iran, as the country looks to use them as diplomatic leverage with formidable progress in the nationwide vaccination scheme. The Ministry of Foreign Affairs and the Korea Disease Control and Prevention Agency said Monday that Korea will deliver 1 million doses of COVID-19 vaccines made by AstraZeneca this month. The vaccines will arrive in Iran on Wednesday as a means to celebrate the 60-year relationship between Korea and Iran. The government said
S. Korea ranks 4th in ‘relative poverty’ among 38 OECD members

Economy

Onlookers say Netflix’s ‘Squid Game’ reflects nation’s deepening economic inequality

New virus cases below 1,500 for third day amid preparations for return to normalcy

New virus cases below 1,500 for third day amid preparations for return to normalcy

South Korea's new COVID-19 cases stayed below 1,500 for the third consecutive day Tuesday, less than a week to go before the beginning of a gradual return to normal life with eased social distancing rules. The country added 1,266 more COVID-19 cases, including 1,246 local infections, raising the total caseload to 354,355, according to the Korea Disease Control and Prevention Agency (KDCA). The latest tally inched up from 1,190 new cases reported the previous day, though it remained under 1,500

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Climate Clock

Military loosens rules on haircut amid discrimination concerns

Military loosens rules on haircut amid discrimination concerns

The military said Monday that it would ease regulations on conscripts’ hair length and introduce the same standards for both officers and troops, amid calls for a change in discriminatory practices. “We were asked to review our rules on haircuts, and to that end, we instructed each branch of the armed forces to draft revisions. We can’t say when the change will take effect, though,” Defense Ministry representative Boo Seung-chan said, referring to an advisory panel on hu

South Korea's dirty battle against urban sewage

South Korea's dirty battle against urban sewage

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