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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

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Nov 25, 2022

Seoul offers cash to people who leave basement homes

From the BBC World Service: South Korea’s capital, Seoul, is offering cash rewards of around $150/month to people who leave their cheap basement properties. The city is trying to phase out these out after four people drowned during severe flooding last summer. A new type of flu vaccine, which could offer protection against all known strains of flu, could soon begin human trials. And as Black Friday kicks off the holiday shopping season, retailers across Europe worry it could be the worst season in at least a decade.

A man walks past an unscrewed security grill for a basement flat known as "banjiha" where three tenants, including a disabled woman and a teenager, died after they became trapped by floodwaters in their basement home in the Gwanak district of Seoul on August 11, 2022. - South Korea's capital has moved to ban the cramped basement flats made famous by Oscar-winning movie "Parasite" after four people drowned in subterranean dwellings during flooding caused by record-breaking rains this week. (Photo by Anthony WALLACE / AFP) (Photo by ANTHONY WALLACE/AFP via Getty Images)
A man walks past an unscrewed security grill for a basement flat known as "banjiha" where three tenants, including a disabled woman and a teenager, died after they became trapped by floodwaters in their basement home in the Gwanak district of Seoul on August 11, 2022. - South Korea's capital has moved to ban the cramped basement flats made famous by Oscar-winning movie "Parasite" after four people drowned in subterranean dwellings during flooding caused by record-breaking rains this week. (Photo by Anthony WALLACE / AFP) (Photo by ANTHONY WALLACE/AFP via Getty Images)

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