Gentrification vs compassion: Seoul’s booming property market threatens long-running free meal centre serving the city’s poorest pensioners

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 86%

Welfare News

South Korea,Economy,Gentrification

SEOUL, Oct 24 — Before the Zaha Hadid-designed plaza, before the luxury high rises, before the South Korean neighbourhood hosted fashion week, there was a pastor handing out rice...

As case ruling looms, ‘sorry’ Najib says already ‘punished politically’ and unfair to hold him legally responsible for 1MDB scandal

Residents of the glitzy condos that now overlook the small, bustling Babfor centre “claim our service has devalued their properties by up to 200 million won ” per apartment, Choi told AFP. Babfor previously enjoyed top-level government support: all of South Korea’s living former presidents have visited Choi to help hand out food.

Immediately after his election in 2022, district chief Lee Pil-hyeong ordered sections of the centre to be demolished, hitting Choi with fines worth hundreds of millions of won.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines