What Happened The South Korean government’s medical reform plan proposes to raise admission quotas at medical schools by 400 annually from 3,058 to 3,458 for a decade starting 2022. Seoul’s plan addresses data from the Organization for Economic Cooperation and Development that South Korea has fewer clinical physicians per capita (2.4 per 1,000) than the member countries’ average (3.5).…
August 26, 2020
What Happened President Moon rejected the option of lifting development restrictions on greenbelt zones to resolve housing supply shortages in Seoul and other densely populated cities. There is a lack of consensus within the ruling Democratic Party on the deregulation of these protected green areas where the construction of housing is not permitted. This administration’s decision came…
August 20, 2020
What Happened On August 12, Samsung Fire & Marine Life Insurance became the first Samsung affiliate to finalize a collective bargaining agreement with its union. Last December, a court sent Samsung Electronics Board Chairman Lee Sang-hoon to prison and charged 25 others at the company with sabotaging union activities. Lee is widely considered to be Samsung Group’s second-in-command. A…
August 18, 2020
What Happened In response to the rapidly rising cost of housing in Seoul, the National Assembly passed a new bill that allows tenants to extend their contracts and placed a cap on the amount that rental deposits could be increased. However, observers expressed worry that this may lead landlords to favor monthly rental contracts over the traditional…