South Korea finance minister loses home as housing policy comes back to haunt

SEOUL (Reuters) – South Korea’s finance minister, the architect of rules aimed at protecting tenants and slowing deposit increases, has himself been forced to look for a new home as landlords react to the rules by quickly replacing tenants so they can bump up deposits.

South Korea’s finance minister Hong Nam-ki presides over a meeting at the government complex in Seoul, South Korea, October 16, 2020. Picture taken on October 16, 2020. Yonhap via REUTERS

Hong Nam-ki is also faced with broadening his search as the average deposit where he lives 20 minutes from parliament has soared by a third since his housing rules took effect in July, with the irony of his predicament setting the internet alight.

“Worse comes to worst, he can camp by the Presidential Blue House, right?,” one netizen asked on a real estate forum.

Seoul apartment prices have risen more than 50% since the left-leaning

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French police search homes of health minister, ex-PM

PARIS (AP) — French police searched the homes of the health minister, the former prime minister and other top officials Thursday in an investigation into the government’s response to the global coronavirus pandemic.

The dawn searches, confirmed by the Health Ministry, come as France is fighting against a resurgent epidemic that has now filled a third of the country’s intensive care units with COVID-19 patients and is again putting Europe to the test. President Emmanuel Macron announced curfews on around 20 million people in the Paris region and eight other French metropolitan areas starting Friday night to try to slow the tide.

The investigation threatens to rekindle public frustration with a government that’s been accused of lying to the public about mask stocks, underestimating testing needs and overestimating France’s ability to vanquish the pandemic — not once, but now twice.

About 1,000 protesting nurses, doctors and other public hospital staff

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French police raid homes of health minister and ex-PM in coronavirus probe

Police in France have carried out dawn raids on the homes of the country’s former prime minister, current and former health ministers, and other senior officials, as part of an inquiry into the government response to the coronavirus pandemic.



a man wearing a suit and tie


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Covid-19 patients, doctors, prison and police personnel and others in France have filed dozens of complaints in recent months, notably over shortages of masks and other equipment, prompting the Paris prosecutor to order an investigation.

The offices of health minister Olivier Veran, as well as the private addresses of former prime minister Edouard Philippe, Veran and his predecessor Agnès Buzyn, and Sibeth Ndiaye, ex-spokeswoman for President Emmanuel Macron, were searched on Thursday, the French health ministry has confirmed.

Geneviève Chêne, director general of the French public health agency, as well as top health ministry official Jérôme Salomon, were also targeted in the police raids, which his

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