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ECONOMY

Gov’t to supply 2.7 million homes over 5 years

AsiaToday reporter Lee Ji-hoonThe government will supply 2.7 million new homes in the next five years, including 500,000 homes in Seoul. In order to do this, it plans to ease regulations for redevelopment and reconstruction and allow the private sector to participate in urban development projects. The government unveiled the home supply plan Tuesday at a mee..

Inflation fears rise as consumer prices continue to surge
AsiaToday reporter Lee Ji-hoonSouth Korea’s consumer prices rose more than two percent for the fourth consecutive month in July, affecting people’s everyda..

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