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Park Geun-hye to Increase Annual Cultural Budget to 2% by 2017
President-elect Park Geun-hye has vowed to increase government spending on culture to 2 percent by 2017. Culture currently accounts for slightly above one percent of the government budget, far below the OECD average of 1.nine-percent. That figure hasn't changed much since 1999, when it was just one ,...More
Affordable Lease Deposit Homes Hard to Find
The number of homes costing less than W100 million in jeonse or Korean-style deposit leases and favored among low-income households has dropped significantly (US$1=W1,074). Property information provider Budongsan Serve on Wednesday said a survey of the jeonse prices of 6.33 million households shows ,...More
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