News Roundup
이희정   |  
|  2016.01.11 15:39


Jeju Shinbo
1. Society
Loan payment date nears for Yerae Complex
There is yet another stumbling block for the Yerae Complex project, as its loan payment date is nearing. The development is already mired in a legal battle with landowners, which has brought construction to a halt. The deadline to pay back more than 100 billion won is January 20th.

2. Economy
Mandarin production cost hovers above retail price
The Jeju branch of the Bank of Korea has released a new report that shows the average production cost of outdoor-grown Jeju mandarins grown in 2015 was 11,684 won per ten kilograms, while the average retail price at times fell below 9,000 won.

Jemin Ilbo
1. Tourism
Safety worries with budget airlines
The Jemin Ilbo says the five budget airlines that serve Jeju have grown rapidly over the years, now accounting for 60 percent of all domestic flights. The government has begun a review of safety on them following a string of incidents.

2. Education
Wide range of enrollments at area elementary schools
There’s a polarization in elementary school enrollment. Ido, Ara, and Halla Elementary Schools are operating at full capacity, but institutions in the old city center don’t have enough students.

Halla Ilbo
1. Administration
Jeju to help stabilize mandarin prices
The Halla Ilbo is reporting on the provincial government’s move to remove low-quality mandarins from the market to stabilize prices. So far, about 60 percent have been discarded and the rest will be disposed of by the end of the fruit distribution period.

2. Editorial
Safety upgrade should come before price hike
In an editorial, the paper argues budget airlines should upgrade their level of safety first before raising fees. Jeju Air recently announced it would increase its cancellation fees, while a slew of relatively minor safety problems have been reported at low cost carriers in recent months.

Yonhap
1. Inter-Korea
NK expands loudspeaker broadcasts
Yonhap is reporting that North Korea has expanded its own loudspeaker broadcasts along the inter-Korean border as a counteraction to South Korea's retaliatory broadcasts critical of the communist nation. The South resumed its anti-Pyongyang broadcast campaign two days after last Wednesday’s nuclear test by the North.

2. Economy
Home sales hit record high in 2015
South Korea's home sales reached an all-time high in 2015, the government said Monday. The number of transactions surged 18.8 percent on-year to nearly 1.2 million last year.
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