Round-up: Today’s top stories in the morning papers in Korea (August 31, 2016)
1. Kim Jae-su, the nominee of Ministry of Agriculture, Food, and Rural Affairs, faces another allegation that he received the total amount of home loan favors from Nonghyup when he bought 290 square meters of a luxury apartment with 200,000 US dollars lower price. Kim also faces allegations of receiving jeonse favors as he lived in 307 square meter jeonse apartment with 190,000 dollars in Yongin in Gyeonggi Province without renewal of real estate contract for seven years.
Kim will be successful if he invests in speculative real estate instead of becoming the Minister of Agriculture, Food, and Rural Affairs.
jeonse: long-term deposit contracts
2. The Supreme Court in South Korea upheld an eight-year jail for a former professor who committed atrocities on his former teaching assistant including forcing the assistant to eat human feces and assaulting him for two years. The former professor, surnamed Jang, who was criticized for committing psychological murder that damaged human dignity was once an advisory committee member of the ruling Saenuri Party.
The party had him as an advisory committee member to lead the party by example. Am I right?
3. The average price for an apartment is South Korea surpassed 300 million Korean won for the first time. It is the highest since relevant data was first compiled in December 2008.
No way to buy an apartment? Why don’t you ask Kim Jae-su how to buy an apartment without spending money?