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News
Seoul Land Transaction Permit Filings Plunge 35% in August
21+ min ago (344+ words) Seoul recorded 3,012 land transaction permit applications in August, down 35% in a single month Down 66% from the April peak, the lowest since the citywide designation took effect Gangnam's three districts and Yongsan fell 0.34%, while northern Seoul rose 0.61% New applications for land…...
Korea Weighs Easing Tax on Non-Occupant Single-Home Owners
36+ min ago (217+ words) ■AI PRISM [Real Estate News] Deputy PM Nominee Lee Hyung-il: "Hard to Call Non-Occupancy in Rebuilt Homes Speculation" Tax Agency Moves to Refund Overpaid Comprehensive Real Estate Tax to Co-Owning Couples Sole Bidding Spreads in Yeouido and Mokdong Rebuilding Projects…...
Regional National Universities Draw Surge in Applicants on Tuition Aid
36+ min ago (211+ words) ■AI PRISM [Campus News] Applications to Regional Flagship National Universities Rise 5.2% Amid Hopes for "10 Seoul National Universities" Busan to Select 10,000 Non-Capital-Region Founders With Up to 500 Million Won in Support European Automakers Reshape Supply Chains Toward Korean Parts, Away From China…...
Coupang Brings Private-Label Brands Together at Seongsu Festival
5+ hour, 27+ min ago (237+ words) CPLB's First Offline Festival Since Its Founding Hands-On Programs Expanded, 120 Small Manufacturers Join CPLB, Coupang's private-label subsidiary, said on the 14th that it will hold the Coupang Only Festa from Sept. 17 to 20 at Anderson C in Seongsu-dong, Seongdong-gu, Seoul. It is…...
Food and Labor Costs Eat Up 71.6% of Korean Restaurant Sales
1+ hour, 17+ min ago (248+ words) Restaurants in South Korea are keeping less of what they earn, with food and labor costs exceeding 70% of sales for the first time last year. Costs are climbing faster than revenue, squeezing already thin margins across the industry. Food Costs…...
Busan to Cover 80% of Delivery Riders' Injury Insurance Premiums
7+ hour, 42+ min ago (341+ words) Up to 200,000 Won for About 4,000 Workers City Aims to Ease Burden Amid High Fuel and Living Costs BUSAN — The Busan city government will cover 80% of the industrial accident insurance premiums that platform workers such as delivery riders and substitute drivers…...
W Concept Says 200 Brands in TOPS Program Lift Sales 25%
2+ hour, 11+ min ago (183+ words) Fashion platform W Concept said on the 14th that brands taking part in the TOPS program, a small-business support initiative run with the Ministry of SMEs and Startups and the Korea SMEs and Startups Distribution Center, posted higher sales. Sales at…...
Samsung, SK hynix Reject KEPCO's 25 Trillion Won Prepayment Plan
6+ hour, 43+ min ago (493+ words) Five Years of Power Bills: 20 Trillion Won for Samsung, 5 Trillion for SK hynix KEPCO Confirms Both Companies Communicated Their Refusal Firms Cited Cash Burden Despite Need to Fund Grid Expansion KEPCO Debt at 211 Trillion Won as Bond Waiver Nears Expiry…...
Seongsu Rivals Myeongdong as Airbnb Listings Triple in Two Years
4+ hour, 10+ min ago (447+ words) Seoul Economic Daily...
Wrong Tax Choice Can Cost Couples 5.28 Million Won, Korea Tax Agency Says
5+ hour, 25+ min ago (239+ words) Commissioner Lim Kwang-hyun Vows Refunds for Overpaid Property Holding Tax Agency to Compare Benefits of Applying for or Canceling the Exemption Applications and Cancellations Open Sept. 16-30, With Bills Issued in November The National Tax Service said it will seek out…...