Government To Tackle Rising Housing Prices

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Government to Tackle Rising Housing Prices
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Government to Tackle Rising Housing Prices

Minister of Land, Infrastructure and Transport Kim Hyun-mee on Wednesday announced new measures aimed at reining in speculative investments in the housing market.

Kim said the government is against real estate speculation as a means of earning money.

New stricter rules will require multiple-home owners to pay higher taxes when they sell a home and seeks to increase housing supply for low-income earners by expanding state-leasing of apartments.

The government felt the need to tighten the leash on the housing market further after measures announced in June failed to prevent housing prices from soaring.

Home Prices Surge in Big Cities, Jeju
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Home Prices Surge in Big Cities, Jeju

Residential property prices have risen more than four percent, the fastest clip since 2007, the Ministry of Land, Infrastructure and Transport said Thursday.

Prices in the southern port city of Busan and the resort island of Jeju also grew steeply, but in smaller cities they tumbled, especially southeastern industrial towns that have been hit hard by the economic slump and the shipbuilding crisis.

Based on an analysis of the prices of 12.4 million apartments and 3.96 million detached houses, the ministry said average home prices rose 4.44 percent nationwide, up for a fourth year, though the increase slowed a little since last year's 5.97 percent.

The Chinese Government Wanted People To Stop Jaywalking, So They Released This Song
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The Chinese Government Wanted People To Stop Jaywalking, So They Released This Song

Beijing has taken a rather unique approach to enforcing road safety by creating a catchy song to discourage jaywalking.

In an effort to control the number of accidents occurring at Beijings many intersections, Beijings Commission for Guiding Cultural and Ethical Progress has released their very own traffic-themed song. Their song is targetted primarily at pedestrians or those who ride scooters and are prone to ignoring traffic lights and, ultimately, therefore getting into accidents.

The song is titled Wait for the Light (Deng Deng Dance) and comes with energetic choreography. The music video for the song (yes, the song has a music video) features dancing aunties, traffic officers, and volunteers of all ages who have taken to street corners of Beijing to perform this song.

Gong Myung Humbly Responds To His Rising Popularity
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Gong Myung Humbly Responds To His Rising Popularity

On May 4, Gong Myung attended the press conference for upcoming KBS drama Individualist Ms. Jiyoung (working title).

As he was introduced as the popular trending younger guy, he shyly replied, Im not the popular trending younger guy but just a younger guy.

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He continued on to talk about his character Byuk Soo, who relies on the affection of others and is the younger one in the relationship with Min Hyo Rins character. Somehow, I ended up playing the younger boyfriend character again. I am thankful that lots of people are viewing me in a positive light. Rather than thinking about the role as just a younger guy, I focused more on the unique character of Byuk Soo, he explained.

Produce 101 Season 2 Fans Discovered To Be Selling Photos Of Trainees From Recordings For Exorbitant Prices
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Produce 101 Season 2 Fans Discovered To Be Selling Photos Of Trainees From Recordings For Exorbitant Prices

It seems that lately, a day doesnt go by without some more unfortunate news related to Mnets idol group survival show Produce 101 Season 2.

On May 10, Mnet issued an official apology for body searching fans before recordings for the show and explained that it was to prevent content from being leaked, which had become an issue with the first season of the show.

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Despite their efforts, it seems that some fans were able to sneak in cameras to the recordings because netizens have found fans of the show selling photos of the trainees for exorbitant prices. While some photos are being sold for about $9, others are being sold for hundreds of US Dollars.