40% Income Tax On Over $450,000

In return for passing next year's government budget, the opposition parties succeeded in increasing income tax to 40% on those making over 500 million won a year, which is about $450,000. They also managed to squeeze in 8.6 billion won (about $800 million) for pre-school education.

On the impeachment front, the ruling party says they will agree to the President stepping down in April 2017 with presidential elections in June 2017. If the President doesn't consent by Dec. 9, the ruling party moderates will vote for impeachment.

The media is playing up the new sanctions against North Korea as some really big thing.

Chosun Ilbo:  Too Many Self-Employed, a Drain on Korea's Economy

There are very few jobs in Korea and we have a lot of foreign workers too.