Jeju Ilbo
1. Society
Another body found in Chuja Island waters
The Jeju office of the Ministry of Public Safety recovered a body Monday morning five kilometers from Lower Chuja Island. If it is confirmed to be that of someone who was on the Dolgorae, it will be the 12th confirmed death from the deadly boat capsizing.
2. Economy
Provincial government to frontload \80b
The provincial office will frontload 80 billion won in funding for construction, social welfare, and other projects before Chuseok to ensure there is a enough money for everyone to enjoy the holidays.
Jemin Ilbo
1. Tourism
‘Unkind locals’ ruining visits for Chinese
The Jemin Ilbo is reporting on remarks by the head of the China Tourism Research Institute. He said 47 percent of Chinese tourists visiting Korea come to the island, but they are becoming less satisfied with their stays. He blames the situation on locals’ lack of kindness.
2. Society
Seogwipo population expected to hit 170,000
Seogwipo officials project the city’s population will surpass 170,000 in February. They attribute the growth to people moving to the Global Education City, rural areas of the city, and apartment buildings in (동홍동) Donghong-dong and (서홍동) Seohong-dong.
Halla Ilbo
1. Economy
Rising household debt
Household debt on the island has soared to 7 trillion won. The Halla Ilbo says if the interest rate on those loans goes up, families and small business owners will really struggle to get by.
2. Economy
Average Jeju condo price jumps to \211m
The average price of a local condo has surpassed 200 million won for the first time ever. That’s 40 percent higher than the figure from last year.
Yonhap
1. North Korea
N. Korea ‘ready to use nuke weapons against U.S.’
Yonhap is reporting that North Korea threatened Tuesday to use nuclear weapons against the United States. This comes as the communist country announced that it has restarted the operations of its nuclear reactor.
2. Economy
‘S. Korean economy to grow 2.7% in 2016’
A private-sector think tank said Tuesday that it expects the South Korean economy to grow only 2.7 percent on-year in 2016. The LG Economic Research Institute forecasts a continued downturn in exports and sluggish domestic demand.