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  • October 24, 2014
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  1. Property - International - SOUTH KOREA

    Low interest rates prompt switch from deposit-based rentals in South Korea

    Posted Oct 22nd 2014, 05:16am by Reuters

    ... into deflation. The extra money coming into circulation will help his strategy to lift asset prices as a way to boost consumption. Lee Yeon-hee, an office worker in her 20s, had rented through a jeonse ... business failed. "I couldn't accept the demand for an increased jeonse," Lee said. She now pays a monthly rent of 400,000 won, and has used the returned deposit to pay off a loan ...

  2. News - Asia - SOUTH KOREA

    16 killed in collapse at South Korean concert by girl band 4Minute

    Posted Oct 17th 2014, 07:25pm by AGENCIES

    ... visited an emergency centre in Seongnam and urged officials to focus on helping the victims' families, Kim said. One spectator, Lee Sung-eun, told JTBC TV she came close to being among the victims. "I wanted to climb onto the grating to get a better view," Lee said. "But my father stopped me, saying it was dangerous. A couple of minutes later, the people standing ...

  3. News - Asia - SOUTH KOREA

    South Koreans vow to send more propaganda leaflets over border by balloon

    Posted Oct 16th 2014, 04:36pm by Associated Press in Seoul

    ... said. Another activist Lee Min-bok said he was also ready to fly millions of leaflets, which describe South Korea’s economic prosperity and urge North Koreans to flee, as soon as weather conditions such as wind direction are favourable. “No one can block my rights” to send leaflets, said Lee, whose leafleting on Friday from a South Korean border village was believed to have directly ...

  4. News - Asia - SOUTH KOREA

    Sewol ferry disaster captain admits error in leaving inexperienced crew member at helm, denies playing on phone

    Posted Oct 08th 2014, 03:11am by AFP

    ... erred in leaving an inexperienced crew member at the helm when the vessel capsized. Testifying for the first time in court, Lee Joon-seok also denied allegations by some of the crew that he ... the disaster. Lee, 69, said he knew that crew member Cho Jun-ki, who was steering the ship after working on the Sewol for only six months, did not have the required skill or experience. The Sewol, which ...

  5. Property - International - SOUTH KOREA

    South Korea president's housing revival spurs plan for record bonds

    Posted Oct 08th 2014, 07:16am by Bloomberg

    ... are as long as 20 years, said Lee Kyoung-rok, a credit analyst at Daewoo Securities. "With the government's policy and low interest rates, we expect mortgage-backed securities sales to increase further," said Lee. ...

  6. Property - International - SOUTH KOREA

    South Korea's Yeouido financial hub sees office vacancies rise to record

    Posted Oct 01st 2014, 04:23am by Bloomberg

    ... rates rise Lee Sang-kun does not need to read the real estate section to know South Korea's financial hub is emptying. Lee, 65, who operates a coffee shop in Seoul's main financial ... rent-free periods for as long as several months." Lee, the coffee-shop owner, said that as many of his customers lost their jobs, they were also losing hope of returning to finance. "Now ...

  7. News - Asia - SOUTH KOREA

    Former South Korea spy chief handed suspended jail term for meddling in politics

    Posted Sep 11th 2014, 03:40pm by Agence France-Presse in Seoul

    ... by the current NIS director Lee Byung-kee, who has promised to distance the agency from domestic politics. “In recent times, the [South Korean] intelligence community more often has been rocked ...

  8. News - Asia - SOUTH KOREA

    S Korea military chiefs endorse development of home-built fighter jet

    Posted Jul 18th 2014, 04:16pm by Reuters in Seoul

    ... Lockheed Martin, two people with direct knowledge of the matter said. The Joint Chiefs said in a statement that they had endorsed a twin-engine fighter jet to be developed for delivery starting in 2025. KAI makes the T-50 family of jets, South Korea’s first home-built light trainer and fighter, which was also co-developed by Lockheed Martin. South Korea is also buying F-35 fighters from ...

  9. News - Asia - SOUTH KOREA

    Pope Francis baptises S Korean father of victim killed in Sewol ferry disaster

    Posted Aug 18th 2014, 04:14am by AP

    ... baptising the father of a student victim. Lee Ho-jin took the Christian name "Francis" during the rite, which the pope administered in the Vatican's embassy in Seoul, according to the Vatican spokesman, Reverend Federico Lombardi. Lee had been one of a dozen relatives of victims and survivors of the April ferry sinking who met privately with the pope on Friday. He asked ...

  10. News - Asia - SOUTH KOREA

    Lee Joon-seok, the captain shamed by his escape from doomed ferry

    Posted Apr 27th 2014, 06:48am by AP

    ... Associated Press in Mokpo, South Korea Lee Joon-seok's four decades at sea will be forever defined by moment he landed on one of the first rescue boats as disaster struck the Sewol Captain shamed by escape from doomed ferry A colleague describes Captain Lee Joon-seok as the nicest person on the ship. Yet there he was, captured on video on the day his ferry sank with hundreds ...




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