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News
Chuseok prices split: apples, pears cheaper, but beef and pork costs rise
5+ hour, 52+ min ago (592+ words) Apples down 12.1%, pears 8.2%; hanwoo tenderloin up 13.8%, samgyeopsal up 12.0% With chuseok two weeks away, prices for major agricultural products such as apples and pears have fallen below last year's levels, while livestock prices for hanwoo beef and pork remain high. The…...
Even 1-year-olds among minors reporting over W20m in financial income, with filings rising for 3rd consecutive year
12+ hour, 3+ min ago (351+ words) Minors' total income reaches 166.91 billion won; average 104 million won per person More than 1,600 minors reported annual financial income — including interest and dividends — exceeding 20 million won ($14,900) and filed comprehensive income tax returns, according to data released Sunday. Among them were five…...
Samsung C&T wins W512.2b Yeouido Mokhwa apartment reconstruction contract, proposes 'Raemian Y'nity"
10+ hour, 15+ min ago (272+ words) Community facility of 3,746 square meters and landscaped space of 2,640 square meters planned Samsung C&T's construction division has won the contract to rebuild the Mokhwa apartment complex in Yeouido, Yeongdeungpo-gu, Seoul, in a project valued at about 512.2 billion won ($383 million)....
Bundang apartment prices surge 29.5% in a year as reconstruction hopes and new builds cross W2b mark
6+ hour, 7+ min ago (642+ words) Apartment prices in Bundang-gu, Seongnam, Gyeonggi Province — once celebrated as the premier residential district in the greater Seoul area — are climbing sharply again. Older complexes are posting transaction prices hundreds of millions of won higher than a year ago on…...
Seoul-Land Ministry talks on pause as Yongsan Park housing plan drifts
5+ hour, 43+ min ago (311+ words) Third meeting between Oh Se-hoon and Kim Yun-deok shrouded in uncertainty Ministerial change adds new variable, pushing schedule back Efforts to reach an agreement on housing supply at Yongsan Park have stalled after a planned third meeting between Ministry of…...
NTS chief says agency will calculate most favorable property tax for couples who jointly own one home
10+ hour, 48+ min ago (319+ words) About 5,700 taxpayers will benefit from applying for the special regime this year, while 2,900 others would be better off canceling it, NTS says National Tax Service Commissioner Lim Gwang-hyeon announced Sunday that the NTS will, for the first time, calculate and…...
Retail investors dump W16.8tr in 5 days, buy inverse ETFs as Kospi tops 7,000
3+ day, 2+ hour ago (497+ words) The Korea Exchange said Thursday that retail investors net sold 16.84 trillion won worth of shares on the Kospi from Sept. 3 to Wednesday. On Monday alone, they sold a net 6.84 trillion won, marking the largest single-day net sale so far this…...
Kospi slips back below 7,000 a day after clearing it as institutions, foreigners sell in tandem [Investment 360]
3+ day, 9+ hour ago (582+ words) Index sinks as low as 6,800s during trading as institutions, foreigners sell in tandem Samsung Electronics, SK hynix both weaken; Kosdaq falls more than 1 percent Futures-options expiration, US CPI concerns in focus: 'time to check whether 7,000 line holds' The Kospi, which…...
No more rent shocks: why senior housing is booming amid Korea's rental squeeze
3+ day, 3+ hour ago (657+ words) Loan curbs, supply shortage deepen rental crunch Meals, health care and daily support all in one place Baegun Lake Prugio Sup-sok-ui Achim draws attention With jeonse listings shrinking and prices climbing, weakening the rental market, interest is rising in corporate…...
CJ ENM shares sink as restaurant show hits record-low ratings
6+ day, 23+ hour ago (380+ words) "Restaurant variety shows have worn out their welcome." "Ujutteokjip," producer Na Young-seok's latest restaurant-themed variety show — a format CJ ENM's tvN long treated as a reliable hit formula — has posted its lowest ratings yet. Observers are calling the slide dismal…...