What Happened: President Moon Jae-in vowed to focus more on increasing housing supply to discipline runaway real estate prices. The government attributed the failure of its previous effort to deliver affordable housing to the growth of households despite the shrinking population. The administration plans to develop more housing sites near train stations in Seoul and surrounding areas…
January 29, 2021
What Happened Severe Disaster Law was passed to protect employees working in environments with insufficient safety regulations. While the new legislation intensifies punishments for chief executives, it does not provide supplementary safety regulations. The effectiveness of the new bill is questioned as workplaces with fewer than 5 employees are not affected by the new legislation despite…
January 26, 2021
What Happened As the number of confirmed COVID-19 cases continues to grow, the government extended its current business restrictions until January 17. However, the government’s decision to allow some businesses to reopen for their daily care role sparked an outcry among excluded businesses. Some restricted shop owners have called for protests against what they see as the government’s unfair and…
January 25, 2021
What Happened The ruling Democratic Party is developing a plan to incentivize big corporations to share part of their profits with entities that were heavily affected by COVID-19. The ruling party wants to promote voluntary participation through incentives such as tax benefits and administrative support. Some National Assembly delegates and policy commentators voiced their demand for more…